Show the solution please, thanks! 8. Triple T Inc. sells 100,000 tea bags a year. Other data are as follows:Selling price/bagPurchase cost/bagP2.5020% of unit costCarrying costOperating days per yearAve. lead time on purchasesP1.50250Ordering costP5.40/order6 daysMaximum lead time13.5 daysCompute the reorder point for Triple T Inc.9. FP Co. buys on terms 2/10, net 30, but generally does not pay until the 40 days after invoice date. Its purchases totalP2,160,000 per year. Assuming 360 days a year, the amount of "non-free" trade credit used by the firm on the average eachyear is?

Name: Show the solution please, thanks! 8. Triple T Inc. sells 100,000 tea b
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Description: Show the solution please, thanks! 8. Triple T Inc. sells 100,000 tea bags a year. Other data are as follows:Selling price/bagPurchase cost/bagP2.5020% of unit costCarrying costOperating days per yearAve. lead time on purchasesP1.50250Ordering costP5.

8 No. of units sold per year = 100000 No. of days operate per year = 250 Maximum bag required/…

Answered: P5.40/order Ave. lead time on pur…

Business

Accounting

P5.40/order Ave. lead time on pur Maximum lead time oint for Triplo TInc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

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Show the solution please, thanks!

8. Triple T Inc. sells 100,000 tea bags a year. Other data are as follows:
Selling price/bag
Purchase cost/bag
P2.50
20% of unit cost
Carrying cost
Operating days per year
Ave. lead time on purchases
P1.50
250
Ordering cost
P5.40/order
6 days
Maximum lead time
13.5 days
Compute the reorder point for Triple T Inc.
9. FP Co. buys on terms 2/10, net 30, but generally does not pay until the 40 days after invoice date. Its purchases total
P2,160,000 per year. Assuming 360 days a year, the amount of "non-free" trade credit used by the firm on the average each
year is?

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