A manufacturing firm estimates that it has a monthly inventory turnover ratio of 4. Of the total warehouse space, 30% is used for aisles. On average, a product occupies 0.2 cubic feet of space per lb and can be stacked 9 feet high on racks. What is the storage space requirement for May with anticipated demand of 70,000 lb? A. Less than 500 sq ft B. Between 500 sq ft and 1000 sq ft C. Between 1000 sq ft and 1500 sq ft D. Larger than 1500 sq ft

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above