Relevant cost If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place. an order is $50, what is the annual ordering cost?
Q: On January 1, year 1, Pungent Corporation please solve these general accounting question
A: Step 1: Define GoodwillGoodwill is an intangible asset connected with firm purchases. Goodwill is…
Q: Need answer the accounting question
A: Step 1: Define Credit SalesA company can sell its goods to customers for cash or on credit. When…
Q: Can you please give me correct answer the accounting question?
A: Computation:Equity Investment Balance = (Purchase Price + Cumulative Net Income - Cumulative…
Q: Problem
A: Explanation: Income statement is a financial reporting tool that records all the revenues earned by…
Q: 1.) Harris Incorporated had the following transactions: On May 1, Harris purchased parts from a…
A: Here's a summary of the journal entries in table format:No.DateGeneral Journal…
Q: Hi expart Provide solution for this accounting question
A: re = r0 + D/E*(r0-rd) Where,r0 = Unlevered cost of equity = 9.7%rd = Cost of debt = 6%D/V =…
Q: calculate requirement
A: Explanation: In the given question, we are required to calculate gross margin for the month of July.…
Q: Accounting. Computer world inc. paid out $40.3 million in total
A: Step 1:- Define Net IncomeIt is easy to determine the net income using the beginning and ending…
Q: Required information [The following information applies to the questions displayed below.] Elvira is…
A: Here's the step-by-step calculation with explanations:Step 1: Calculate Self-Employment TaxFor…
Q: (27) Here are some data from a company's financial statements: Accounts payable, end of year $400…
A: Step 1:Retained earnings is total of earnings earned by company till date after paying any dividend.…
Q: Question: Financial Accounting Blue Sky Airlines had sales revenue of $200,000,000, cost of goods…
A: STEPS: Question 1: Operating Cash Flow 1. Calculate EBIT (Earnings Before Interest and Taxes)• EBIT…
Q: Gros
A: Explanation of Beginning Inventory: Beginning inventory is the value of goods a company has in stock…
Q: August
A: 1) First, let's identify the variable costs: * Material costs: $4,820 * Labor costs: $2,620 *…
Q: The cash budget is considered the primary forecasting tool when firms try to estimate their cash…
A: Here's a detailed breakdown of the calculations:1. Net Cash Inflow for Q1Sales for Q1: $1,100…
Q: If you give me wrong answer I will give you unhelpful rate on these accounting question
A: Step 1: Define Predetermined Overhead RateA predetermined overhead rate is used to apply the…
Q: Solve general accounting question
A: Step 1: Determine Net Income:Net Income = Additions to Retained Earnings + Dividends PaidSo,Net…
Q: Hello tutor answer these general accounting question not use chatgpt
A: Step 1: Define Standard Costing The standard costing method helps the company know the expectations…
Q: Please give me answer accounting
A: Step 1: Define Manufacturing Overhead AllocationWhen the standard manufacturing overhead cost is…
Q: Please solve this accounting questions
A: Step 1: Define Net IncomeThe net income of a firm can be calculated by using the traditional income…
Q: The cost per period of the trade credit extended to Free Spirit, rounded to two decimal places, is…
A: 1. Cost per Period of Trade CreditExplanation and FormulaTrade credit is often extended by suppliers…
Q: gross income?
A: Gross income = Salary + Imputed incomeGross income = $43,000 + ($4,000 - $3,600)Gross income =…
Q: What are the total fixed costs on these general accounting question?
A: Step 1: Define Cost AccountingKeeping track of and calculating the costs involved in producing…
Q: In 2023 Bauer Corporation incurs the following costs in development of new products: Laboratory…
A: Detailed explanation:Allowable Deductions : Laboratory Supplies$ 55,000Salaries 90,000Utilities…
Q: general account
A: When a company like Abode Homes Pty Ltd goes into receivership, it means that a receiver has been…
Q: Q-15 the learning curve concept
A: The correct answer is: D) UNIT COSTS DECREASE WITH EXPERIENCEThis is the core principle of the…
Q: Direct labor Tempo Company's fixed budget (based on sales of 18,000 units) folllows. Fixed Budget…
A: Requirement 1:The variable cost per unit is computed by dividing the variable cost by the budgeted…
Q: 4 For the year ended December 31, 2021, Ford Corp. estimated its allowance for doubtful accounts…
A: Hello student! When using the Aging of Accounts Receivables method, the estimate would be the…
Q: select account
A: Step 1: Formula DefinitionsGross Margin Ratio:The gross margin ratio indicates the percentage of…
Q: Please give me answer accounting
A: Step 1: Define Return on EquityIn the domain of finance, the return on equity financial ratio is a…
Q: Whispering Company began operations on January 1, 2023, and uses the average-cost method of pricing…
A: Why a Journal Entry Is NeededWhen a company changes its accounting principle (such as moving from…
Q: (38) Credit sales for the year were $120,000. Collections on account were $108,000. What debit or…
A: Step 1: Identify the Given InformationCredit Sales for the Year: $120,000This is the total amount of…
Q: General Accounting
A: Step 1: Define Current AssetIf an asset can be converted into cash within the operating cycle then…
Q: Correct answer
A: Step 1:Job order costing is a costing method where each product produced as per customer…
Q: Financial Accounting
A: Confusion often arises in cases like this because there was no actual sale of the land. However,…
Q: Exercise 9-10A (Algo) Residual income LO 9-3 Finch Cough Drops operates two divisions. The following…
A: Step 1: a) Residual Income can be calculated by subtracting the minimum required return on average…
Q: Which statement below best describes the objectives of financial accounting? A. Provide information…
A: Step-by-Step Analysis of Each OptionOption A: Provide information that helps predict cash…
Q: Please provide answer General Accounting
A: Step 1: Define High-Low MethodThe high-low method of accounting is used to bifurcate the total cost…
Q: subject: financial accounting
A: Step 1: Using the profit margin formula, solve for the net income.original profit margin formula:…
Q: Need experts solution only.
A: Here are detailed explanations for both requirements (4.1 and 4.2) to help you understand the…
Q: Account
A: Explanation of Financial Guarantee: A financial guarantee is a contract that requires the issuer to…
Q: Get correct answer
A: Step 1: Identify the sales figure for 2012Step 2: Identify the sales figure for the base year,…
Q: Both answer
A: Explanation of Total Sales: Total sales represent the overall revenue generated by a company from…
Q: Selected financial data for Irington Company appear below: need answer the accounting question
A: Step 1: Define Return On Common Stockholders' EquityReturn on common stockholders' equity (ROCE)…
Q: . Further information on the activities of the Juice industry in 2023 is providedin table 2.1 below…
A: Hope this helps.
Q: Please give me answer
A: To determine Ajay's profit from his gift-wrapping service, we first need to express his profit…
Q: General Account
A: Requirement a and b:Computation of inventory turnover ratio and gross margin return on inventory…
Q: Please Provide Answer about this Account Question
A: Step 1: Calculate Net Credit Sales• Net Credit Sales = Credit Sales - Sales ReturnsStep 2: Calculate…
Q: Need help with this accounting question not use chatgpt
A: Step 1: Define Long Term LiabilityLong-term liabilities are those liabilities that a company is…
Q: accounting
A: Explanation of Break-even Point: Break-even point is the level of sales where total revenues equal…
Q: Don't use AI
A: Computations Part 1: Calculate Operating Cash Flow (OCF)Operating Cash Flow (OCF) is calculated…
Relevant Cost
Step by step
Solved in 2 steps
- Want answer tutor!Hello tutorItems purchased from a vendor cost $20 each, and the forecast for next year’s demand is 1,000 units. If it costs $5 every time an order is placed for more units and the storage cost is $4 per unit per year, a. What quantity should be ordered each time? b. What is the total ordering cost for a year? c. What is the total storage cost for a year?
- What is the EOQ for a firm that sells 5,800 units when the cost of placing an order is $5.20 and the carrying costs are $4.00 per unit? Round your answer to the nearest whole number. units How long will the EOQ last? Use the rounded value from the previous question. Assume 365 days in a year. Round your answer to the nearest whole number. days How many orders are placed annually? Assume 365 days in a year. Use the rounded value from the previous question. Round your answer to the nearest whole number. orders per year As a result of lower interest rates, the financial manager determines the carrying costs are now $2.2 per unit. What is the new EOQ? Round your answer to the nearest whole number. units What is the annual number of orders? Assume 365 days in a year. Use the rounded values of the new EOQ and duration of the new EOQ in your calculations. Round your answer to the nearest whole number. orders per year1. Annual Demand is 450 units. The cost to place an order is $80 and holding cost is 25% per year of the cost of the item. The supplier has just submitted the following cost schedule to you. Quantity Price EOQ Feasible? 1 to 50 $60 51-100 $54 Over 100 $51 a) Calculate the EOQ for each Price. Determine which are feasible. Fill in above. ( b) Is the EOQ for the lowest unit price feasible? If not, compare total cost at all break quantities larger than the feasible EOQ. c) What decision would you make?1. The ACE company estimates its annual requirement requirement is 78,000 units at a price of 4 per unit. The carrying cost at 15% and its ordering cost at 90 per order. Compute the following:a) What is the most economical no. of units to order?b) No. of orders to be placed in a year.c) About how often will an order need to be placed?
- 3. Find out the ordering cost from the following information, Annual demand is 240 units, holding cost RO 4 per unit for a year and EOQ is 60 units.A Company estimates that its carrying cost is 20% of the purchase price and its ordering cost at $40 per order. The estimated annual requirement is 10,000 units at a price of $200 per unit. What is the EOQ? * Your answerplease solve within 30 mins
- A product has a daily demand 60 unitsOrdering cost RO 200, and holding cost RO 3 per unit per year. The EOQ model is appropriate. The cost-minimizing solution for this product will cost per year in total annual inventory (holding and ordering) costs. Assume there a total of 250 workdays per yearRound-up to the nearest integerAnnual Demand = 10,000 units Days per year considered in average daily demand = 365 Cost to place an order = $10 Holding cost per unit per year = 0.01% of cost per unit Lead time = 3 days Cost per unit = $15 Determine the economic order quantity and the reorder point. Also find the Annual Ordering and Holding Cost. State some significance of the obtained results.Please help me with show all calculation thanku