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1 year ago

Place the steps for finding the EOQ in a quantity discount model with variable H in the correct order.

Business

1 answer:

ira [324]1 year ago

4 0

The steps for finding the EOQ in a quantity discount model with variable H are:

The optimal point is the quantity that yields the lowest cost
Start with the lowest price
If the minimum point is feasible
Otherwise, compare total costs

What is the Economic Order Quantity(EOQ)?

The Economic Order Quantity is the ideal quantity of units a company should purchase to meet demand while minimizing inventory, costs such as holding costs, shortage costs, and order costs.

The economic order quantity formula assumes that demand, ordering and holding costs all remain constant.

Learn more about Economic Order Quantity here:

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Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,

Yuki888 [10]

Answer:

d. Salaries and Wages Expense 550, Advertising Expense 950, Cash 1,500

Explanation:

Whenever a new entry is posted firstly the accounts which are debited are entered.

Secondly the accounts which are credited are posted.

And, the total of debit and total of credit shall always be same, so that the entry is recorded properly.

As an expense, it reduces income and is always debited.

And as for settling the expenses cash is paid, cash being an asset when reduced will be credited.

Total expenses debited = Salaries and Wages + Advertising Expense = 550 + 950 = 1,500

Therefore, as against it cash paid = $1,500 shall be credited.

Cash = $1,500

Thus, correct option is d.

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3 years ago

_ is concerned with determining what activities should be performed and assessing how well they are performed. a.Operational con

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Answer:

The correct answer is letter "A": Operational control.

Explanation:

Operational control comprises the steps companies take to determine how the firm will conduct its operations. Operational control is the handbook for operations managers where the procedure for each activity in the company is explained in detail so, in front of malpractices, managers will have a clear idea on how to make assessments.

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3 years ago

Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, wo

Natali [406]

Answer:

The use of a trial balance:

a) This error will not cause the two sides of the trial balance to disagree. A compensating error has occurred, because the Cash Account should have been credited and the Salaries and Wages Expense debited with $600.

b) This error will cause the two sides of the trial balance to disagree. The amount debited is not the same amount credited. The Accounts Receivable should have been credited with $900, not the Service Revenue.

Explanation:

a) The trial balance ensures that the total values of the debit and credit sides agree. It shows that accounts have been correctly debited and credited in the general ledger, with equal amounts.

b) Compensating errors arise when two accounting errors offset themselves, because the same mistake made on the debit side is made on the credit side

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3 years ago

ABC owns a company that manufactures dental radiation equipment. The company, which is run as an independent unit, has experienc

AURORKA [14]

Answer:

Top manager

Explanation:

The top managers are those persons or managers who are responsible for overseeing as well as controlling the whole business or organization. The top level managers are those who develop or establish the policies of the company, strategic plans, goals or objectives as well as make decisions on the direction of business.

The managers of the company are at the top level and plays a very important role in the mobalization of the resources.

So, in this scenario, the company experience the losses and the top managers would the one who develop the long- term plans which will make the company to be profitable.

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3 years ago

Kevin is the CFO of Nana Inc. Kevin said the firm earned $13 million last year and maintains a 20% dividend payout ratio. The co

Svetlanka [38]

Answer:

Earnings per share = $6.5

Explanation:

<em>Earning per share (EPS)</em><em> is calculated as the the value of earning available to shareholders divided by the number of shares outstanding. Earnings available to ordinary shareholders is the residual earnings after all other priority claims of other investors have been settled.</em>

Earnings per share (EPS)

= Total earnings available to ordinary shareholders / Number of shares outstanding

= $13,000,000/2,000,000 units

=$6.5

The amount of earnings per share generated by Nana Inc. =$6.5

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3 years ago