The treatment of an increase in prepaid insurance on an indirect method statement of cash flow .

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Chapter 12, Problem 12.42Q

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To describe: The treatment of an increase in prepaid insurance on an indirect method statement of cash flow.

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Stickaroo CC, a hockey equipment business, estimates that it will sell 3 400 pairs of shin pads per year from a distributor in Spain. Each pair costs R 195.00 to purchase and R18.00 in freight charges. The company borrows funds at an interest rate of 9% per annum to finance inventories. Stickaroo CC's purchasing agent has calculated that it costs R 472.00 to place an order for each pair of shin pads and that the holding cost is R 6.00 for each pair. REQUIRED: 1. Calculate the number of pairs of shin pads that Stickaroo CC should request in each order. (Round off your answer to six decimal points) 2. Calculate the annual number of orders. (Round off your answer to six decimal points) Note: Where the answer to 1. and 2. are used in any calculations below use the answer rounded off to six decimal points. 3. Calculate the total annual ordering cost. (Round off your answer to two decimal points) 4. Calculate the total annual carrying cost. (Round off your answer to two decimal points) 5.…

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