For each item below, identify the amount (if any) that would be reported as a liability on nike, inc.’s fiscal year-end balance sheet at may 31, 2017. a. nike, inc. agreed to purchase materials for its new line of running shoes in june 2017. b. nike, inc. signed a 60-day 8% note for $105,000 on may 12, 2017 to finance its seasonal working capital needs. principal and interest are due on july 11, 2017. c. nike, inc. owes $180,000 at year-end for inventory purchases. d. nike, inc. received a $250,000 deposit from foot locker for an order on the new line of running shoes that will be ready for shipment in september 2017.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.