Assume that Demand (D)= 10,000 units and Ordering Cost (S) = $10 (per order). Suppose that we order at the Economic Order Quantity (EOQ) and the total inventory cost TC $500. What is the EOQ?
Q: Trey Monson starts a merchandising business on December 1 and enters into the following three…
A: Ending inventory ( units ) = Number of units purchased - Number of units sold from lot purchased…
Q: On January 1, 2019 Sandhill Corporation issued $550,000, 7%, 5-year bonds at face value. Interest is…
A: Introduction: Journal entries serve as the primary building blocks for answering these and other…
Q: Which of the following is not an approach to compute equivalent units? Multiple Choice All of these…
A: Equivalent Units :— Number of incomplete units are assumed to be equivalent to completed units when…
Q: A tractor for over-the-road hauling is purchased for $75,000.00. It is expected to be of use to the…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. Fixed assets…
Q: n 1 July 2021 Michael Ltd. issues $1 million in five – year debentures that pay interest each six…
A: Lets understand the basics. When debenture is issued at less than the face value of bond then bond…
Q: 1. Prepare the work sheet for the year ended December 31, 20--. 2. Prepare adjusting entries in a…
A:
Q: American Movieplex, a large movie theater chain, leases most of its theater facilities. In…
A: Depreciation The term "depreciation" in accounting refers to how an asset's value decreases over…
Q: PROBLEM I - UPSTREAM AND DOWNSTREAM SALES OF INVENTORY AND FIXED ASSETS On January 1, 2014, P…
A: In consolidation of financial statements, inter company inventory transfered at above the cost of…
Q: Instructions: 1. Prepare the journal entry (if any) to record the impairment of the asset at…
A:
Q: Shadee Corporation expects to sell 520 sun shades in May and 430 in June. Each shade sells for $165.…
A: A budget is an estimation of income and expenditures on the basis of past performance or industry…
Q: Parker Corp., which operates on a calendar year, expects to sell 5140 units in January and expects…
A: Budgeted revenues for a month are computed from the unit sales and the sales price prevailing for…
Q: Sandy and John Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In…
A:
Q: Salmone Company reported the following purchases and sales for its only product. Salmone uses a…
A: Inventory is valued on the basis of different inventory valuation methods such as LIFO, FIFO, or…
Q: The manager offers to give the worker a flat wage of $10 and a bonus of $20 if revenue is high.…
A: Wages are direct expense for the production of goods. Every Business Entity try to reduce the Direct…
Q: Discuss five different defensive tactics that the target company can use to thwart this takeover…
A: The shielding techniques a business enterprise employs to thwart a antagonistic takeover will have a…
Q: At December 31, 2020, the available-for-sale debt portfolio for Zorro Foods Corp. is as follows:…
A: 1) Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value:-…
Q: Morganton Company makes one product and it provided the following information to help prepare the…
A: Direct Labor Cost: The cost of direct labor takes into account both the standard number of working…
Q: On December 1, 2022, Splish Brothers Inc. had the following account balances. Cash Accounts…
A: The income statement is the financial statement of the business. It tells about the profit or losses…
Q: Assuming the Workmans file a joint tax return, determine their gross income minus expenses on the…
A: 1. Determination of Gross Income when Ryan's files joint return. S.NO PARTICULARS AMOUNT ($)…
Q: On January 1, 2022, Sun Company acquired 85% of outstanding shares of Moon Corp. The consideration…
A: Consolidation - Legally speaking, consolidation refers to the merging of two or more enterprises,…
Q: Using the formulas, determine the depreciation charge for year 2 and the book value at the end of…
A: The term depreciation refers to an accounting method which is used to allocate the cost of asset…
Q: a)Calculate the total contribution that can be expected at a sales level of 3250 machines. b)…
A: Cost Volume Profit (CVP) analysis is done by the Business Entities to check the impact of change in…
Q: ABC (S) Pte Ltd, incorporated in 2010, is in the business of manufacturing tyres. For the year ended…
A: Taxable income: It implies to the income that is earned by a business or any individual and subject…
Q: When budgeting, how do we go about figuring out what our costs are for the coming year?
A: A budget is a schedule that shows estimated revenues and expenses for a specific future period.…
Q: On January 1, 2020, Aylmer offered to sell some shares on a subscription basis. The offer was for…
A: Shares on subscription is an arrangement in which payments against the shares are made in…
Q: Ruby company produces a chair that requires 6 yds. of material per unit. The standard price of one…
A: Variance is an important concept in accounting. It refers to the difference between a budgeted or a…
Q: For February, sales revenue is $900,000; sales commissions are 5% of sales; the sales manager's…
A: Introduction: The costs of delivering, marketing, and selling goods or services are referred to as…
Q: Evaluate each of the following transactions in terms of their effect on assets, liabilities, and…
A: Accounting equation is the basic equation which is followed in the financial accounting system. The…
Q: + Laurel Ltd. has just started a business with capital of £9,000. The following budgeted information…
A: Cash budget is one of the budget being prepared for tracking of cash receipts and cash payments from…
Q: Use the following information for the Exercise below. (Algo) Skip to question [The…
A: Variable Costing - Variable costing formula = Sales - Variable Costs - Fixed Cost = Operating Income…
Q: Exercise 7-4 (Algo) Direct write-off method LO P1 Dexter Company uses the direct write-off method.…
A: Introduction: A journal entry is used to document a commercial transaction in the accounting records…
Q: Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 38,800 games…
A: Contribution: The number of profits that are left over after all direct expenditures have been…
Q: The assets and liabilities of a company are $86,140 and $45,483, respectively. Stockholders' equity…
A: All the transactions of business are based on accounting equation of the business. The accounting…
Q: Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the…
A: Petty cash book is maintain at small division of company to meet daily recurring expenses. It…
Q: Dimsdale Sports, a merchandising company, reports the following balance sheet at December 31.…
A: Every business organization's are required t maintain the capital expenditure budget so as to run…
Q: On April 1, 2020, C'est Cheese issues 20,000 shares of 4%, $10 par, cumulative preferred stock $15…
A: Depreciation indicates the reduction in the historical amount of tangible assets with the passage of…
Q: Jaclyn Biggs, who files as a head of household, never paid AMT before 2021. In 2021, her regular tax…
A: Taxpayer should pay higher tax amount between AMT and regular Tax. Total Income Tax under AMTI…
Q: Using the information above: a) Calculate FIVE ratios, for BOTH years, which would assist the audit…
A: 1. Gross margin5.5/13.5 = 40.74%7/16 = 43.75%2. Operating margin0·5/13·5 = 3.70%1·9/16 = 11·88%3.…
Q: Blossom Inc. issues $210,000, 10-year, 8% bonds at 96. Prepare the journal entry to record the sale…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: Carolina, the accountant for Duke Manufacturing, tells Jacob, who works in customer service for…
A: Customer Satisfaction Rating: The Customer Satisfaction Score, often known as CSAT, is a…
Q: On January 1, the Matthews Band pays $68,600 for sound equipment. The band estimates it will use…
A: Revised Depreciation Expense :— It is the revision of depreciation expense due to change in…
Q: What is Avery's budgeted cost of goods sold?
A:
Q: In manufacturing footballs, Spector Company's plant used 360 direct labor hours, 450 machine hours,…
A: Overhead Expenses Volume of Activities Cost per Driver Machining Center 175000 25000 Machine…
Q: Paving taxes on stocks
A: Assuming tax period 2022 As per the rules…
Q: The basic concept of “substance over form” influence lease accounting. Explain in detail how it does…
A: Substance over form is an accounting concept that business transactions should be accounted in…
Q: Cullumber Company acquired 28% of the outstanding common stock of Grinwold Inc. on January 1, 2020,…
A: The cost method adjust the investment on the basis of fair value of investment. The equity method…
Q: Baird Trophies makes and sells trophies it distributes to little league ballplayers. The company…
A: Introduction:- The following basic information as follows under:- The company normally produces and…
Q: What do you understand by Goodwill?
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: John smith is planning to start a business selling bicycles on 1 January 2020. He has £25, 000…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: (Comprehensive problem) You would like to have $58,000 in 15 years. To accumulate this amount, you…
A: a. FV = Future value of annuity = $58,000 C = Periodic Cash flows r = Rate per period = 8% or 0.08…
Step by step
Solved in 2 steps
- Refer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above costA) Calculate Economic Ordering Quantity ( EOQ ) if cost of carrying 1 unit in inventory = $24 total demand in units over planning period = 60,000 units ordering cost per order = $800 Common Stock A Common Stock B Probability Return Probability Return .30 11% .20 25% .40 15% .30 6% .30 19% .30 14% .20 22%Management has at its disposal the following information: Revenue function: R =890Q ‒5.5Q2 The profit-maximizing price: P=494 OMR. Then the Profit-maximizing quantity is (............) Units. (write only the number) Answer:
- [no.1] Let d be the daily demand, L be the lead time, and Q be the order quantity. When the ROP is greater than the maximum-on hand inventory, a. a new order would have to placed when the on-hand inventory reaches ROP-Q while there was one other order in-transit b. a neworder would have to be placed when the on-hand inventory reaches d xL. c. a new order would have to be placed when the stock is depleted. d. a new order would have to be placed when the on-and inventory falls to d.Assume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEESuppose you have a product for which you will only place a single order with your supplier. If 5) that order is placed before you know demand, your expected profit is 1)__--- order after you know demand, your expected profit is 2)__-- A) 1) mean demand; 2) second order quantity B) 1) newsvendor expected profit; 2) maximum profit C) 1) maximum profit; 2) newsvendor expected profit D) 1) total mismatch profit; 2) maximum profit but if you place the
- Calculate total revenue and fill in the table below. Price Quantity Total Revenue S50 60 $40 06 $35 110 S30 140 $25 1905) The price of a product is RO 600, and profit is RO 150. Find the rate of markup on cost and rate of markup on selling price.Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. (D=Demand in units for one year, P=Ordering cost per purchase order, C=Carrying cost of one unit in stock, Q=Any order quantity.) ModifyingAbove EOQ equals StartRoot StartFraction 2 DP Over Upper C EndFraction EndRoot With Subscript EOQ=2DPC Part 2 (Round your answer to the nearest whole number.) The EOQ is 560 jerseys. Part 3 Requirement 2. Calculate the number of orders that will be placed each year. Determine the formula used to calculate the number of orders that will be placed each year, then calculate the orders per year. (Round your answer up to the nearest whole number.) ÷ = Number of orders
- using the price p=20 - .05x, use the Revenue function to find the marginal Revenue function R'(x), Find a. R'(100)= b. R'(175)= c. R'(250)= The marginal Revenue R'(x) approximates how the revenue will change on the sale of the next item. a. Given R(100) = 642 and R'(100)= 18 then R(101) ≈ b. Given R(400) = 16,250 and R'(400)= -10 then R(401) ≈ c. Given R(1000) = 3500 and R'(1000) = 3 then R(1001) ≈5. The variety of demand curves The following graph displays four demand curves (LL, MM, NN, and OO) that intersect at point A. N B DE cx xo xx x A 400 320 M 280 L 200 ༔ ༔ 8⌘སྒྲ88 360 240 160 120 00 80 PRICE (Dollars per unit) 40 40 40 M N 80 120 160 200 240 280 320 QUANTITY (Units) <+ 360 400 ?Blue Corporation uses the FIFO cost flow assumption. Presented below is information related to Blues inventory: Determine (a) the net realizable value for each item and (b the inventory value of each item using the lower of cost or net realizable value rule.