TP1-2012 An automotive warehouse stocks a variety of parts that are sold at neighborhood stores. One particular part, a popular brand of oil filter, is purchased by the warehouse for $1.50 each. The company uses an inventory carrying charge based on a 28 percent annual interest rate. It is estimated that the cost of order processing and receipt is $100 per order.  The monthly demand for the filter follows a normal distribution with mean 280 and standard deviation 34.436. Order lead time is assumed to be five months. (Hint: convert monthly demand and standard deviation to lead time demand and standard deviation. Note:

TP1-2013 An automotive warehouse stocks a variety of parts that are sold at neighborhood stores. One particular part, a popular brand of oil filter, is purchased by the warehouse for $1.75 each. The company uses an inventory carrying charge based on a 28 percent annual interest rate. It is estimated that the cost of order processing and receipt is $100 per order.  The monthly demand for the filter follows a normal distribution with mean 280 and standard deviation 34.436. Order lead time is assumed to be five months. (Hint: convert monthly demand and standard deviation to lead time demand and standard deviation. Note:

A merger between Pepsi-Cola and Ardea Beverage Co., maker of a line of nutritionally enhanced, low calorie, carbonated beverages, would be considered a _____ merger.

Distinguish between a merger and an acquisition.

Marc Wool purchased a franchise from Maaco Collision Repair service. Wool is the _____ in this franchise agreement.

What forms of business ownership have to deal with the disadvantage of unlimited liability?

What is the first step in incorporating a company?

A _____ is an organization formed by individuals or businesses with similar interests to gain benefits from size and collective ownership.

What is double taxation?

In a _____ partnership, partners have unlimited liability for all of the firm’s business obligations and who control its operations.