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The Milling Corp

question 21

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The Milling Corp. has developed a new type of widget. The local distributor expects to increase his sales by 20% over the past year due to this new development. Last year's sales were $50,000 at a selling price of $100 per unit. The manager would like to cut costs as much as possible and comes to you for advice.
Relevant cost information includes:
The Milling Corp. has developed a new type of widget. The local distributor expects to increase his sales by 20% over the past year due to this new development. Last year's sales were $50,000 at a selling price of $100 per unit. The manager would like to cut costs as much as possible and comes to you for advice. Relevant cost information includes:    A) What is the economic order quantity? B) What is the amount of average inventory? C) How many orders will be made per year? D) What is the total cost of this inventory decision? A) What is the economic order quantity?
B) What is the amount of average inventory?
C) How many orders will be made per year?
D) What is the total cost of this inventory decision?

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Definitions:

JTextAreas

Reiteration: Graphical components in Java Swing that provide a space for displaying or receiving multiple lines of text from the user.

Multiple Lines

Refers to text or code that spans over more than one line in a document or source code.

Java Applet

A small application written in Java that can be embedded in a web page, primarily used in the early days of the internet.

GUI Application

A graphical user interface application that allows users to interact with electronic devices through graphical icons and visual indicators.

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