The objective of the EOQ with quantity discounts model is to
a. determine the minimum order quantity required for the maximum discount.
b. balance annual ordering and holding costs.
c. minimize annual purchase cost.
d. minimize the sum of annual carrying, holding, and purchase costs.
d
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Which of the following is true for accounting for a troubled debt restructuring by a modification of terms by the creditor?
A) ?Loss on restructuring is based on undiscounted repayment cash flows using the current market interest rate. B) ?Loss on restructuring is based on undiscounted repayment cash flows using the contractual interest rate. C) ?Loss on restructuring is based on present value of repayment cash flows using the current market interest rate. D) ?Loss on restructuring is based on present value of repayment cash flows using the contractual interest rate.
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Indicate whether the statement is true or false
Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
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