Answered: rice reduction? c) What is the forward…

Business

Accounting

rice reduction? c) What is the forward buy quantity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Sugary Spice sells glazed ever fresh donuts. Demand for donuts is 500 boxes per week. Sugary Spice has a holding cost of 30 percent and incurs a fixed cost of $100 for each replenishment order it places for donuts. Given that cost is $2 per box of Donuts:

a) How much should Sugary Spice order in each replenishment lot?

b) If a trade promotion lowers the price of Frostee Flakes to $1.80 for a month, how much should Tastee Mart order given the short-term price reduction?

c) What is the forward buy quantity

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