Bambino Sporting Goods makes exceptional gloves that sell well in the spring and early summer season. A projection of units sold is as follows: March...
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Bambino Sporting Goods makes exceptional gloves that sell well in the spring and early summer season. A projection of units sold is as follows: March 4,866 April 3,939 May 13,886 June 11,866 35,866 If seasonal production is used, it is assumed that inventory will directly match sales for each month and there will be no inventory buildup. The production manager thinks the above assumption is too optimistic and decides to go with level production to avoid being out of merchandise. He will produce the 36,000 items at a level of 9,000 per month. a. What is the ending inventory at the end of each month? Compare the units sold to the units produced and complete the table below. {Do not leave any empty spaces; input a 0 wherever it is required. Enter all values as positive value.} Balbino Sporting Goods Units Units Change in Ending sold Produced invento invento March April May June b. If the inventory costs \$12 per unit and will be ﬁnanced through the bank at 6 percent per annum, what is the monthly ﬁnancing cost and the total for the four months? {Do not leave any empty spaces; input a 0 wherever it is required.) Inventory financin cost March \$ April May June Total financing cost \$

The following information was available as of the close of business June 1, 2004, on government of Canada bonds. Coupon Maturity Price Yield 7.00% June 1, 2095 104.85 2.65 11. 00% June 1, 2096 113.96 3. 31 9.00% June 1, 2007 107.91 3.44 Calculate the anticipated one-year interest rate for 2006 (up to June 2007). (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Interest rate 2nd year % 3rd year y

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