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exercise 2 4 algo journal entries lo2 3 the following transactions occurred during the month of june 2024 for the stridewell corporation the company owns and operates a retail shoe store iss 19026

Shoe Shine is a local retail shoe store located on the north side of Centerville. Annual demand for a popular sandal is 500 pairs, and John Dirk, the owner of Shoe Shine, has been in the habit of ordering 100 pairs at a time. John estimates that the ordering cost is 10 per order. The cost of the sandal is 5 per pair. For John's ordering policy to be correct, what would the carrying cost as a percentage of the unit cost have to be? If the carrying cost were 10 % of the cost, what would the opti

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