The kirei-hana japanese steak house in san francisco consumes 36,000 pounds of sirloin steak each year. yama hirai, the new restaurant manager, recently completed an mba degree. he learned that the steak was replenished using an eoq value of 2,000 pounds. the eoq value was computed assuming an interest rate of 36 percent per year. assume that the current cost of the sirloin steak to the steak house is $4 per pound.
what is the setup cost used in determining the eoq value.

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.