A breakfast cereal manufacturer purchases rolled oats from a supplier based in North Dakota. The supplier charges $1.2 per pound (lb) and $35 per delivery (no matter how much is delivered). The manufacturer's annual holding cost per is 35% of the purchase cost per pound (lb) of rolled oats. The manufacturer uses 5000 pounds (lbs) of rolled oats every week for the production of cereal. Assume that there are 52 weeks in a year. Required:
How many gallons should the cereal manufacturer order from his supplier with each order to minimize the cost of ordering and holding (Economic Order Quantity)?

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.