Rainbow Toys orders inventory that costs $50 per unit. The annual holding cost is 20% of unit cost, and ordering cost is $100 per order. Annual demand is 1,200 units. Calculate the Economic Order Quantity.
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Financing ActivitiesFinancing activities refer to activities related to the capital…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Taxable IncomeTaxable income is the income subject to tax after accounting for…
Q: How much long-term debt did the firm have?
A: To solve this question, we need to determine the long-term debt of the Sybarix Group using the…
Q: Posting in general account feed
A: To determine Calc Corporation's total liability balance on December 31, 2014, we will use the basic…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Manufacturing Cycle Efficiency (MCE)Manufacturing Cycle Efficiency (MCE)…
Q: Do fast answer of this general accounting question
A: Step 1: Define Cash Flow From CustomersCash flow from customers refers to the cash received from…
Q: What is the amount of current liabilities on these general accounting question?
A: Step 1: Define Current LiabilitiesCurrent liabilities are obligations a company expects to settle…
Q: Problem of Accounting: Jacob Company's activity for the first six months of the current year is as…
A: To calculate the fixed portion of the electrical cost each month using the high-low method, we…
Q: Need help with this financial accounting question
A: Step 1: Define Comprehensive IncomeComprehensive income is different from the net income of a…
Q: Price variance for August?
A: Explanation of Standard Inputs: Standard Inputs represent the predetermined quantity of resources…
Q: Answer this Question
A: To calculate the equivalent units of production (EUP) using the weighted-average method:…
Q: Please need help with this financial accounting question
A: Step 1: Definition of Gross and After-Tax ReturnGross Return: Total return from an investment,…
Q: Hii expert please given correct answer general accounting question
A: Step 1: Define Cash Flow From AssetsCash flow from assets refers to the cash that flows in or out of…
Q: A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? Provide Answer
A: Given:Net Income = $268,000Total Assets = $2,576,000ROA=268,000/2,576,000×100ROA=0.104×100=10.4%…
Q: What will be the firm's cash cycle??
A: The question requires the determination of the cash collection cycle. The cash conversion cycle…
Q: Answer
A: Explanation of Stock Warrants:Stock warrants are financial instruments that give the holder the…
Q: Please provide answer this accounting problem with correct calculation
A: Step 1: Cost ratio Mark up basis: Selling priceSelling price = 100% Selling price ratio = Cost ratio…
Q: What are the total assets on these general accounting question?
A: Step 1: Define Total AssetsTotal assets represent the sum of everything a company owns that has…
Q: What must total assets turnover.? General accounting
A: Step 1: Define Asset TurnoverAsset turnover is a financial ratio to measure the firm's efficiency…
Q: Q.N. 64 FINANCIAL ACCOUNTING 3.23.21
A: Explanation of Break-Even Point:The break-even point is the sales level at which total revenue…
Q: Your plant produces 134 snowmobiles per month. Direct costs are $2,540 per snowmobile. The monthly…
A: Explanation of Direct Costs: Direct Costs are expenses that can be easily and accurately traced to a…
Q: Proxy statements are: a. filed by an entity that acquires beneficial ownership of more than 5…
A: Explanation: Proxy statements are documents that publicly traded companies send to shareholders in…
Q: Please solve this following requirements on these general accounting question
A: Step 1: Define Gain or Loss on Sale of MachineryWhen a business sells a fixed asset like machinery,…
Q: A manufacturing company applies factory overhead based on direct labor hours. At the beginning of…
A: Explanation of Factory Overhead: This represents all manufacturing costs that cannot be directly…
Q: Need answer
A: Step 1:The debt-to-equity ratio shows the relationship between total liabilities and total equity.…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Recognized Gain or Loss and BasisRecognized gain: The portion of the gain that…
Q: None
A: Step 1: Definition of Contribution MarginThe Contribution Margin (CM) per unit is the amount each…
Q: Ash Corp. prepared a fixed budget of 70,000 direct labor hours, with estimated overhead costs of…
A: Explanation of Fixed Budget: A Fixed Budget is a financial plan that remains constant regardless of…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Overhead Cost Allocation Based on Labor HoursOverhead cost allocation based on…
Q: What do our total assets equal? its. Cost Account Questions.
A: To determine the total assets, we use the accounting equation:…
Q: equity in the business must have:??
A: The accounting equation states:Assets = Liabilities + EquityFor the Equity:Equity = Assets −…
Q: Landers Company, which uses the weighted average process costing system, has the following…
A: Step 1:There are two methods to calculate the equivalent units of production, i.e., FIFO and the…
Q: Financial Accounting
A: Step 1: Define Net Income (or Loss)Net income (or loss) for a period is the change in the business's…
Q: NO WRONG ANSWER
A: Concept of Current LiabilityA current liability is a financial obligation a company is required to…
Q: I don't need ai answer accounting questions
A: Step 1: Definition of Cash Return on AssetsCash Return on Assets measures the percentage of cash…
Q: Provide general account answer
A: Step 1: Understand the Accounting EquationThe fundamental accounting equation is:…
Q: What is the 2007 cash flow to creditors?
A: The question requires the determination of the cash flow to creditors. Cash Flow to Creditors…
Q: Need your help with question
A: For this question we must compute for the Return on Assets or ROA.Return on assets (ROA) is a…
Q: Don't use ai
A: Explanation of High-Low Method:The high-low method is a cost estimation technique used to separate…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Average Collection Period (ACP)The Average Collection Period (ACP) measures…
Q: What is wildwoods gross profit??
A: Step 1: Define Trading ProfitTrading profit, also called the gross profit is a very crucial metric…
Q: Financial account
A: Step 1: Current Sales and RevenueCurrent sales: 80,000 unitsSelling price per unit: $40Current…
Q: Financial Accounting
A: Step 1: Define Return on Invested Capital (ROIC) Return on Invested Capital (ROIC) is a measure of…
Q: Financial Accounting
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a measure of financial performance…
Q: Quick answer of this accounting questions
A: 1.Predetermined Overhead RateThe predetermined overhead rate is calculated at the beginning of the…
Q: Problem 3.4.2: A classified income statement showed net sales of $755,000, cost of goods sold of…
A: Concept of Net SalesNet sales represent the total revenue a company earns from selling goods or…
Q: General accounting
A: To calculate Free Cash Flow (FCF), we use the formula:FCF=NOPAT+Depreciation−Capital Expenditures…
Q: Which of the following statements are true with regard to asset accounts? a. Assets are on the left…
A: The correct answer is:a. Assets are on the left side of the accounting equation. Understanding the…
Q: General Account expert answer
A: To prepare a cost reconciliation report for the Baking Department using the weighted-average method,…
Q: If a company has average accounts receivable of $90,000 and annual sales of $840,000, what is the…
A: Concept of Average Accounts ReceivableAverage Accounts Receivable represents the average amount of…
Rainbow Toys orders inventory that costs $50 per unit. The annual holding cost is 20% of unit cost, and ordering cost is $100 per order. Annual demand is 1,200 units. Calculate the Economic Order Quantity.
Step by step
Solved in 2 steps with 1 images
- Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning inventory of finished goods decreased by 5,000? What would be the effect on the cost of goods sold?Sterling Corporation has an EOQ of 5,000 units. The company uses an average of 500 units per day. An order to replenish the part requires a lead time of five days. Required: 1. Calculate the reorder point, using Equation 20.3. 2. Graphically display the reorder point, where the vertical axis is inventory (units) and the horizontal axis is time (days). Show two replenishments, beginning at time zero with the economic order quantity in inventory. 3. What if the average usage per day of the part is 500 units but a daily maximum usage of 575 units is possible? What is the reorder point when this demand uncertainty exists?Rainbow Toys orders inventory that costs $50 per unit. The annual holding cost is 20% of unit cost, and ordering cost is $100 per order. Annual demand is 1,200 units. Calculate the Economic Order Quantity.
- GeneralEOQ? CALCULATEThe annual demand for an item is 20,000 units. The cost to process an order is $25 and the annual inventory holding cost is $4 per item per year. Given the following price-quantity breaks for purchasing the item: Quantity Price 1-1,999 $2.50 per unit 2,000 or more $2.40 per unit What is the quantity you will order each time? Please provide detailed calculation of the total cost (including inventory cost and purchasing cost) for each quantity discount scenario.
- Diagnostic Supplies has expected sales of 98,000 units per year, carrying costs of $5 per unit, and an ordering cost of $8 per order. a. What is the economic ordering quantity? Economic ordering quantity b-1. What is the average inventory? Average inventory b-2. What is the total carrying cost? Total carrying cost units unitsA firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) General AccountNowlin Pipe & Steel has projected sales of 19,600 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.60 per pipe. a. What is the economic ordering quantity? Economic ordering quantity b. How many orders will be placed during the year? Number of orders orders c. What will the average inventory be? Average inventory units units
- A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number)A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) solve this general accounting QueryTS Co has daily demand for ball bearings of 40 a day for each of the 250 working days (50 weeks) of the year. The ball bearings are purchased from a local supplier for $2 each. The cost of placing an order is $64 per order, regardless of the size of the order. The inventory holding costs, expressed as a percentage of inventory purchase price, is 25% per annum. What is the economic order quantity?