Vijay inc. purchased a three-acre tract of land for a building site for $350,000. on the land was a building with an appraised value of $118,000. the company demolished the old building at a cost of $11,700, but was able to sell scrap from the building for $1,610. the cost of title insurance was $810 and attorney fees for reviewing the contract were $540. property taxes paid were $3,000, of which $350 covered the period subsequent to the purchase date. the capitalized cost of the land is:

a) $365,700.
b) $364,090.
c) $366,050.
d) $233,160.

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $