On January 1, 2011, Owen Corporation has $350,000 in inventory. On May 1, 2011, Owens inventory is

Question:

On January 1, 2011, Owen Corporation has $350,000 in inventory. On May 1, 2011, Owen’s inventory is at $400,000. Owen’s cost of capital is 13%. What were Owen’s financial holding costs for January through April?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Cost Of Capital
Cost of capital refers to the opportunity cost of making a specific investment . Cost of capital (COC) is the rate of return that a firm must earn on its project investments to maintain its market value and attract funds. COC is the required rate of...