1 kantorovich company normally takes 21 days to pay for its, Ask an Expert

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1. Kantorovich Company normally takes 21 days to pay for its average daily credit purchases of $2,000. Its average daily sales are $3,000, and it collects accounts in 16 days. What is its net credit position? Note that a negative position implies receivables exceed payables.

$6,000

$7,000

$8,000

2. Massa Machine Tool expects total sales of $20,000. The price per unit is $8. The firm estimates an ordering cost of $13.28 per order, with an inventory cost of $1.12 per unit. What is the optimum order size?

122 units

97 units

146 units

243 units

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92827715

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