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tt870116tw tt870116tw
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5 years ago
A study by a consultant shows that a company that had $2,000,000 of inventory was holding excess inventory of $320,000 that could be eliminated with a few process improvements.  It also has $620,000 in marketable securities that yield 5% per year.  What is the estimated annual opportunity cost of holding the excess inventory?
A) $16,000
B) $100,000
C) $31,000
D) $47,000
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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amandamrazamandamraz
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tt870116tw Author
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#2
5 years ago
Smart ... Thanks!
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