С23JxАBC.DEFGH.KI also need your assistance in claulating the following economic order quantity (Qe) given new data for 2017.Our inventory generally follows Pareto's Law; therefore, I have emphasized controlling those items representing the majority of our inventory activity.One of those items in IV (intravenous) setups.Our current situation is as follows:2016 Price$50 for each IV setup50,000$252017 Demand2017 Operating Cost2017 Interest6.25%2017 Holding Cost$0.50The IV distributor would like to distribute a new model setup in 2017 at the same price, but he tells us that he is willing to reduce our carrying costs by making monthly deliveries.After discussing this proposal with Ms. Care, I discovered that training will be required for the new setup.Ms. Care believes, and the distributor agrees, that each registered nurse (RN) will be required to attend a 2 hour seminar.I'm not sure where we put this training cost in the total cost formula.Ms. Care tells me there are significant quality advantages with the new setup and she would prefer the new setup.What do you think?If we lose money on the new model, what price can we negotitate with the IV disributor to cover our loss?Reference Pages 395-408Economic Order Quantity Practice Problem

Name: С23JxАBC.DEFGH.KI also need your assistance in claulating the followi
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: С23JxАBC.DEFGH.KI also need your assistance in claulating the following economic order quantity (Qe) given new data for 2017.Our inventory generally follows Pareto's Law; therefore, I have emphasized controlling those items representing the majority

This problem is related to economic order quantity, Qe. Formula for Qe = 2DO/IP+2H where P = Price…

Business

Finance

I also need your assistance in claulating the following economic order quantity (Qe) given new data for 2017. Our inventory generally follows Pareto's Law; therefore, I have emphasized controlling those items representing the majority of our inventory activity. One of those items in IV (intravenous) setups. Our current situation is as follows: 2016 Price $50 for each IV setup 2017 Demand 50,000 $25 2017 Operating Cost 2017 Interest 6.25% 2017 Holding Cost $0.50

I also need your assistance in claulating the following economic order quantity (Qe) given new data for 2017. Our inventory generally follows Pareto's Law; therefore, I have emphasized controlling those items representing the majority of our inventory activity. One of those items in IV (intravenous) setups. Our current situation is as follows: 2016 Price $50 for each IV setup 2017 Demand 50,000 $25 2017 Operating Cost 2017 Interest 6.25% 2017 Holding Cost $0.50

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Inventory Principles 1. Shepherd Cycles used the FIFO inventory method in 2010. Shepherd Cycles plans to continue using the FIFO method in future years. A. Which inventory principle is most relevant to Shepherd's decision? Enter answer here. 2. Shepherd Cycles does not expect prices to change dramatically and wants to use a method that averages price changes. B. Which inventory method would best meet Shepherd's goal? Enter answer here. C. What if Shepherd wanted to expense out the newer purchases of goods instead? Which inventory would best meet that need? Enter answer here. 3. Refer to the information below that shows Boston Cycles' inventory data for the year ending December 31, 2011. Answer the following questions: • Assume that the ending inventory was accidentally overstated by $2,200. Enter answer here. • What are the correct amounts for cost of goods sold and gross profit? Enter answer here. Main Description Secondary Description Amount Sales revenue $46,000 Cost of goods sold:…
please please answer correctly this time with all working and steps so that I can understand clearly thanks need correct answer million thanks please show all work
(Dollar-Value LIFO) The dollar-value LIFO method was adopted by Enya Corp. on January 1, 2017. Its inventory on that date was $160,000. On December 31, 2017, the inventory at prices existing on that date amounted to $140,000. The price level at January 1, 2017, was 100, and the price level at December 31, 2017, was 112.Instructions(a) Compute the amount of the inventory at December 31, 2017, under the dollar-value LIFO method.(b) On December 31, 2018, the inventory at prices existing on that date was $172,500, and the price level was 115. Compute the inventory on that date under the dollar-value LIFO method.
Bosco Company adopted the dollar value LIFO retail method at the beginning of 2024. Information for 2024 and 2025 is as follows, with certain data intentionally omitted: Required: Determine the missing data. Note: Round "Cost-to-Retail Percentage" to the nearest whole percent (i.e. 0.1234 should be entered as 12.34%). Answer is complete but not entirely correct. Inventory Date Cost Retail Retail Price Index Cost-to-Retail Percentago Inventory, 1/1/2024 $ Inventory, 12/31/2024 19,500 $ 27,564 26,000 1.00 75.00 % 39,200 1.12 80.00 % 2025 net purchases 66,150 98,000 2025 net sales 84,400 Inventory, 12/31/2025 34,368 x 52,800 1.20
Taylor Corporation has used a periodic inventory system and the LIFO cost method since its inception in 2009. The company began 2016 with the following inventory layers (listed in chronological order of acquisition): $150,000 10,000 units @ $15 15,000 units @ $20 300,000 $450,000 Beginning inventory During 2016, 30,000 units were purchased for $25 per unit. Due to unexpected demand for the company's prod- uct, 2016 sales totaled 40,000 units at various prices, leaving 15,000 units in ending inventory. Required: 1. Calculate cost of goods sold for 2016. 2. Determine the amount of LIFO liquidation profit that the company must report in a disclosure note to its 2016 financial statements. Assume an income tax rate of 40%. 3. If the company decided to purchase an additional 10,000 units at $25 per unit at the end of the year, how much income tax currently payable would be saved?
Carswell Electronics adopted the dollar-value LIFO method on January 1, 2016, when the inventory value of its one inventory pool was $720,000. The company decided to use an external index, the Consumer Price Index (CPI), to adjust for changes in the cost level. On January 1, 2016, the CPI was 240. On December 31, 2016, inventory valued at year-end cost was $880,000 and the CPI was 264. Required: Calculate the inventory value at the end of 2016 using the dollar-value LIFO method.
Please Do not Give image format
Want Answers
(Change in Principle—Inventory Methods) Holder-Webb Company began operations on January 1, 2015, and uses the average-cost method of pricing inventory. Management is contemplating a change in inventory methods for 2018. The following information is available for the years 2015–2017. Net Income Computed Using Average-Cost Method FIFO Method LIFO Method 2015 $15,000 $19,000 $12,000 2016 18,000 23,000 14,000 2017 20,000 25,000 17,000 Instructions(Ignore all tax effects.)(a) Prepare the journal entry necessary to record a change from the average-cost method to the FIFO method in 2018.(b) Determine net income to be reported for 2015, 2016, and 2017, after giving effect to the change in accounting principle.(c) Assume Holder-Webb Company used the LIFO method instead of the average-cost method during the years 2015–2017. In 2018, Holder-Webb changed to the FIFO method. Prepare the journal entry necessary to record the change in principle.
For each of the relevant ordering and carrying-cost alternatives, determine EOQ
Blossom Company began operations in 2023 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2025, in accordance with other companies in its industry, Blossom changed its inventory pricing to FIFO. The pretax income data is reported below. Year 2023 2024 2025 (a) Weighted-Average $382,100 398,700 421,100 * Your answer is incorrect. FIFO Net income $ $398,800 426,900 466,900 What is Blossom's net income in 2025? Assume a 35% tax rate in all years. 31390 Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing. Net effect $ eTextbook and Media Show comparative income statements for Kingbird Company, beginning with income before income tax, as presented on the 2020 income statement. Income before income tax SU Income tax Net income $ $ 2020 $ $ 2019 $ $ 2018
i need the answer quickly

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS