1.The Heneral Luna Company uses 150,000 gallons of petrol per month. The cost of carrying the petrol in inventory is 50 centavos per gallon per year, and the cost of ordering the chemical is P150 per order. The firm uses the chemical at a constant rate throughout the year. It takes 18 days to receive an order once it is placed. The reorder point is?

2.A firm issued P2 million worth of commercial paper that has a 90 days maturity of 60 days. The issue sold for P980,000 and has annual interest rate of 12.25 percent. The value of the commercial paper at maturity is?

3.A company issued P 1,000,000 of commercial paper for P992,500 for 45 days. Based on this information, the effective annual rate of interest on the commercial paper would be?

4.A firm has a cash conversion cycle of 80 days, an average collection period of 25 days, and an average age of inventory of 70 days. Its operating cycle is. ____days?