Ajewelry firm buys semiprecious stones to make bracelets and rings. the supplier quotes a price of $8.40 per stone for quantities of 600 stones or more, $8.50 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. the jewelry firm operates 222 days per year. usage rate is 25 stones per day, and ordering costs are $48. a. if carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost.

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.