Mobil Films buy a petroleum based raw material that it uses in its production process for films. The production process demand for this raw material can be approximated by a Normal random variable with mean 25000lbs and standard deviation 3750lbs per day. The supplier of the raw material is far away, and it takes 8 days for the supplier to deliver an order. Each time an order is issued to the supplier Mobil Films incur $340 fixed transportation cost and an additional $45 for handling the paperwork. Annual holding cost for each pound of raw material is 20% and each pound of raw material costs $1.25. Assume that the plant works for 320 days a year. Mobil Films use (r, Q) model to manage inventory and order according to EOQ.

a) What is the order quantity for raw materials in lbs?
b) If Mobil Films would like to be in stock 99% of all reorder periods, what would be the inventory level that Mobil Films should issue an order?

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?