Compute for the Economic order quantity, assuming the no of units of materials required annually 120,000 cost of placing the order P 39.00, Annual Carrying cost of inventory P 2.4
Q: During a recent IRS audit, the revenue agent decided that the Parker family used their closely held…
A: given During a recent IRS audit, the revenue agent decided that the Parker family used their…
Q: teve Ramos owns apartment buildings in Baguio City, and Tagaytay City. Each property has a manager…
A: Window-dressing fraud is the intentional manipulation of financial statements to falsify a company's…
Q: Illustration 1. Share-for-share exchanges On January 1, 2022, Frank Co. and Richard, Inc. combined.…
A: The question is related to Business Combination. The details are given regarding the same.
Q: On January 1, 20x1, the partners of ABC Co. decided to liquidate their partnership. The following…
A: Realisation A/c Particulars Amount Particulars Amount To Accounts receivable P240,000 By…
Q: Accounting а) During the year ended 30 June 2020, a parent entity rents a warehouse from a…
A: Solution A journal is the company's primary book in which all business transaction are recorded in…
Q: 11a.Harry and Sally formed the Evergreen partnership by contributing the following assets in…
A: Solution:- Calculation of Harry’s tax basis in his partnership interest as follows under:-
Q: 1. Dorothy deeded an acre of real estate that she owns to Tin Man for the life of Lion and then to…
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Explain the rights, powers and duties of an auditor of Banks.
A: The inspection and inspection of any organization's, entity's, or company's books of accounts is…
Q: If a company wishes to extend credit standards in order to increase its sales and generate…
A: The question is related Management of Receivables. The details are given regarding the same.
Q: property. Assume half-year convention. Assume no section 179, but Joes does use the
A: Depreciation is a dimunition in the value of an asset on account of its…
Q: Which is the most simple way that is able to protect a U.S firm's earnings of its consolidated…
A: Depreciation is defined as the process of systematically and rationally determining how much of a…
Q: On November 16, Bell borrowed $10,000 from Graham and gave a 90-day, 12% note. On December 31, the…
A: As of the end of accounting period, the company that has lent money needs to record interest on a…
Q: Case 1: last year, on July 1, 2021, Tatay, Co. acquired 45% ownership interest in Walanay, Inc. for…
A: At the time of obtaining control as a subsidiary in any entity, if there is any previously held…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: A predetermined overhead rate is an allocation rate that is given to cost items for a certain…
Q: 6. The following data are for the two products produced by Johan Company. Product A Product B P24…
A: Note: As per our guidelines, only the first three subparts will be answered. 1. Total overhead…
Q: Beginning inventory, purchases, and sales for Item 88-HX are as follows: Mar. 1 Inventory 96 units @…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: How many shares are outstanding as of ye ar-
A: Answer:
Q: The profit maximizing condition for a purely competitive firm is when. Price elasticity of demand is…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: АВС, C. Condensed Income Statement For the Years Ended December 31 (In millions) 2014 2015 8,853.3…
A:
Q: Larson, Inc., manufactures backpacks. Last year, it sold 87,500 of its basic model for $15 per unit.…
A: Let us consider whole market = 100% Given market is expected to increase by 15% Therefore total…
Q: What is the purpose of analytical reviews in the audit of revenue cycle accounts? Please give an…
A: An analytical review is used by auditors to assess the reasonableness of account balances. A CPA…
Q: E20-4 Journal Entries for Unrestricted Current Fund The following are selected transactions of the…
A: Journal Entries For transaction in Unrestricted Current fund Date Particular Debit Credit 1…
Q: If a Treasury bond has a nominal value of ¢1,100 at 15 weeks, and it can be purchased for ¢1,000,…
A: Equivalent Yield of the bond: In order to compute the bond equivalent yield formula, divide by the…
Q: The Express Company is preparing its cash budget for the month of June. The following information is…
A: Cash disbursements are projected outflows from the firm to meet their commitments to pay the spend…
Q: ANGEL Company has purchased raw materials amounting to P800,000 from its major supplier on February…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 420,000 shares of…
A: When shares ( common or preferred ) are issued at more than par value, it results in additional paid…
Q: Equity method journal entries (price equals book value) Prepare journal entries for the transactions…
A: Solution A journal entry is used to record a business transactions in a book called journal book.
Q: Question Eight Inter Company had the following accounts from the adjusted trial balance at June 30,…
A: >Closing entries are made at the period end to close out temporary accounts. >Temporary…
Q: Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000…
A: GIVEN Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce…
Q: Bellie Merchandise manufactures two products. Product A has 800 units produced, require 200 material…
A: Using activity based costing, the overhead cost of different activities is applied to the products…
Q: The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of…
A: Average collection period = 365/ Accounts receivable turnover where, Accounts receivable turnover…
Q: Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities…
A: Proceeds from issue of options = 1,040 options x 1 share x $6 per share = $6,240 Number of shares…
Q: DATE TRANSACTIONS 20X1
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are…
A: Under Weighted Average Method, the cost of goods sold and inventory are valued on the basis of…
Q: On January 1, 2022, Frank Co. and Richard, Inc. combined. As of this date, the fair values of the…
A: Facts of the cases :- Richard…
Q: Clark Company paid Sherman Company for merchandise with a $4,000, 60-day, 9% note dated April 1. If…
A: Maturity of the note means the amount of notes receivable has been received with interest. The note…
Q: Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visibly upset after…
A: Working Standard Maintenace cost for 42,000 machine hours: Fixed cost portion = 16,500 Variable cost…
Q: The following is a listing of some of the balance sheet accounts and all of the income statement…
A: Income from operation = Gross profit - Operating expenses Gross profit = Net sales - Cost of goods…
Q: Perpetual Inventory Using LIFO The following units of a particular item were available for sale…
A: Solution: Under LIFO method of inventory costing, inventory purchased in last should be considered…
Q: What would you consider to be Luca Pacioli’s major contribution to the development of double-entry…
A: Here asked about the contribution which are made by the Luca Pacioli in the Accounting and its…
Q: Required: If financial statements are prepared monthly, prepare the adjusting entry to be made by…
A: Answer:
Q: Gie Merchandise has two producing and two service departments labele P1, P2, S1 and S2,…
A: Given that : Gie Merchandise have two producing unit and two service department Calculation of…
Q: What was Sam's appraisal cost for quality last year? Annraisal
A: Appraisal costs are fees a company pays to detect defects in its products ahead of delivering them…
Q: 1 State four data items relating to the holding of equity shares in a single company that could be…
A: Balance sheet A balance sheet is a financial statement that records the assets and liabilities for a…
Q: The margin of safety can be defined as the amount by which sales can decrease before losses are…
A: Total sales of a company can be divided into Margin of safety sales and break even sales.
Q: Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided…
A: The present value index is a ratio of the present value of inflows and the present value of outflows…
Q: View Policies Current Attempt in Progress Swift Oil Company is considering investing in a new oil…
A: Annual rate of return is the amount earned on an investment over a 12-month period, and is usually…
Q: The following information pertains to York Rafting Company: 2 Issued common stock to investors for P…
A: Common stock is the amount invested by the owners and in return they get dividend. This represents…
Q: Expert Lawn Services offers customers a reduced price for lawn care if they pay for 6 months service…
A: Advance Revenue Recognition: The receipt of an advance does not constitute sufficient proof of a…
Q: Quail Company had an investment in bonds purchased at par for P8,000,000. On December 31, 2018, the…
A: Bondholders: Bond holders are the investors who acquires various bond of a company and after lapse…
Compute for the Economic order quantity, assuming the no of units of materials required annually 120,000 cost of placing the order P 39.00, Annual Carrying cost of inventory P 2.4
Step by step
Solved in 2 steps
- Compute for the Economic order quantity, assuming the no of units of materials required annually 20,000 cost of placing the order P29.00, Annual Carrying cost of inventory P 5.4From the following particulars, calculate the Economic Order Quantity (EOQ): Annual requirements 1,600 units Cost of materials per units Rs. 40 Cost of placing and receiving one order: Rs. 50 Annual carrying cost for inventory value 10%The following data pertains to Western Company’s materials inventory: Number of pounds required annually 16,000 Cost of placing an order P20 Annual carrying cost per pound of material P4What is the EOQ?
- The following data relates to component L512: Ordering costs $100 per order Inventory holding costs $8 per unit per annum Annual demand 1,225 units What is the economic order quantity (to the nearest whole unit)?Following information relating to a type of raw material is available: Annual demand 2,400 units, Unit price OMR .2.400, Ordering cost per order OMR.4.000, Storage cost 2% per annum, Interest rate 10% per annum. Calculate Economic Order Quantity.Following information relating to a type of raw material is available: Annual demand 2,400 units, Unit price OMR. 2.400, Ordering cost per order OMR.4.000, Storage cost 2% per annum, Interest rate 10% per annum. Calculate Economic Order Quantity. a. 258 units • b. None c. 852 units d. 528 units
- UrUCr quantny (EUQ). V C.S. 50 10% C in respect of which the following apply: Raw materials Minimum level Usage Order level Re-order Delivery period (weeks) Price per unit of product kg quantity per kg Re kg 1 to 3 3 to 5 2 to 4 8,000 4,750 10 10,000 0.10 4. 5.000 10.000 0.30 2,000 C. 0.15 the quantities of the following to be: (a) Minimum stock of A, (b) Maximum stock level of B, (c) Re-order level of C, and (d) Average stock level of A ? (B.Com., Madras; C.A. InterGiven that the cost of goods completed was $57 000, sales $80 000, finished goods at start $3 200 and finished goods at the end of the period $1 595, what will be the gross profit? A. $19 800B. $21 395C. $23 000 D. $24 595Problem 8. From the following particulars, calculate the economic order quantity and tabulate your results: Annual requirement : 1,600 units cost of material per unit : $ 40 cost of placing and receiving one order : $ 50 annual carrying cost of inventory : 10% of inventory value.
- Calculate the cost of goods sold when beginning finished goods inventory equals $70,000, ending finished goods inventory is $85,000, and cost of goods manufactured is $600,000. a. $615,000 b. $445,000 c. $685,000 d. $585,000The following data relates to component L512: Ordering costs $100 per order Inventory holding costs $8 per unit per annum Annual demand 1,225 units What is the economic order quantity (to the nearest whole unit)? A 175 units B 62 units C 44 units D 124 units5. The following are data of materials inventory for the year 2020 of Mars Corp: Number of pounds required annually Cost of placing an order Annual carrying cost per pound of 144,000 P180 materials P36 What is the EOQ?
