Baktoo Basics Ltd. is considering introducing an inventory control system that will increase inventory turnover...
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Baktoo Basics Ltd. is considering introducing an inventory control system that will increase inventory turnover from 10 to 15 times per year. Its annual cost of goods sold is expected to be $6.8 million, and its financing costs are at 11 percent. Should Baktoo Basics consider an expenditure of $21,500 on the new control system? Yes No Compute the cost of not taking the following trade discounts: (Use 365 days in a year. Round the final answers to 2 decimal places.) a. 3/17, net 65 . Cost of lost discount % b. 2/25, net 45 . Cost of lost discount % c. 4/17, net 40 . Cost of lost discount % d. 4/17, net 170 . Cost of lost discount %
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