2. assume that wal-mart buys a particular television set for $95. the cost of placing an order for a shipment of tvs is $25. the cost of keeping inventory for wal-mart is 20% per year. they expect to sell an average of 600 tv sets in a year, at a fairly steady rate. how many sets should they buy to minimize their total annual cost? given your answer, would you think it reasonable to change it to a more convenient number? if so, to what and why? by how much would this change the total cost? (0.4 points)

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer