A small analytical laboratory borrowed $38,000 (the original amount or the principal) at an interest rate of 16% per year to purchase a used Agilent gas chromatograph. If the lab repays the loan plus interest in 1 year, how much must it pay at the end of the year? At the end of the year, the lab must pay $

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year. a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs. b. calculate the eoq. c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?