1. Grimms Inc. expects total sales of $10,000. The price per unit is $5. The firm...

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1. Grimms Inc. expects total sales of $10,000. The price per unit is $5. The firm estimates an ordering cost of $7.50 per order, with an inventory carrying cost of $0.70 per unit. What should the company do to minimize its total inventory costs per unit? Expected total sales = $10,000 Price per unit = $5 Ordering cost per order = $7.50 Inventory carrying cost = $0.70 2. You purchased a $100 Face Value T-bill at $99.80. If you held the T-bill to maturity and returned a .8038% yield how long did you hold the T-bill? T-bill = $99.80 Yield = .8038% 3. If you bought a T-bill at $99.44 and held it for 180 days what would your return be? T-bill = $99.44 Held day = 180 1. Grimms Inc. expects total sales of $10,000. The price per unit is $5. The firm estimates an ordering cost of $7.50 per order, with an inventory carrying cost of $0.70 per unit. What should the company do to minimize its total inventory costs per unit? Expected total sales = $10,000 Price per unit = $5 Ordering cost per order = $7.50 Inventory carrying cost = $0.70 2. You purchased a $100 Face Value T-bill at $99.80. If you held the T-bill to maturity and returned a .8038% yield how long did you hold the T-bill? T-bill = $99.80 Yield = .8038% 3. If you bought a T-bill at $99.44 and held it for 180 days what would your return be? T-bill = $99.44 Held day = 180

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