Montegut Manufacturing produces a product for which the annual demand is 20,000 units. Production averages 120 units per day, while demand is 80 units per day. Holding costs are $6.00 per unit per year, and setup cost is $400.00. (a) If the firm wishes to produce this product in economic batches, what size batch should be used?
(b) What is the maximum inventory level?
(c) How many order cycles are there per year?
(d) What are the total annual holding and setup costs?

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.