Answer:
240 units
Explanation:
We can find Optimal order quantity easily by Optimal order quantity formula using the fixed order quantity formula
Formula:: Optimal order quantity = ![\sqrt[2]{\frac{2CoD}{Ch} }](https://tex.z-dn.net/?f=%5Csqrt%5B2%5D%7B%5Cfrac%7B2CoD%7D%7BCh%7D%20%7D)
Where
Co = Ordering cost per order
D = Annual demand
Ch = Holding cost per unit
Calculations
Lets put in the values
Optimal order quantity =
Optimal order quantity = ![\sqrt[2]{\frac{2*6*12000}{2.5} }](https://tex.z-dn.net/?f=%5Csqrt%5B2%5D%7B%5Cfrac%7B2%2A6%2A12000%7D%7B2.5%7D%20%7D)
Optimal order quantity = 240 units
Note: There must have been a mistake in question options the answer is 240 and closest to 240 is option B
Answer:
Explanation:
The diagram and step by step solution to the answer can be seen in the attached image below
KINDLY NOTE: Self Employment tax (<u><em>which can be said to be a Medicare tax and Social Security paid by self-employed individuals. It is quite similar to the FICA and usually, they are withheld from an employee’s paycheck Medicare taxes and Social Security purposes.)</em></u> is not applicable to both and the AMT is less then the actual normal tax liability so AMT provision also not applicable.
Since the problem doesn’t give the choices for these questions. I will be giving you the factors that affect the elasticity:
1. Labor costs as percent of total costs – when labor expenses have a high share in total costs then labor demand is more elastic.
2. Easiness and cost of factor substitution – when the firm can substitute rapidly and effortlessly between labor and capital inputs.
3. Price elasticity of demand for the final output produced – if the business is working an extremely competitive market where the final demand of the product is elastic and as a result the demand for labor is more elastic.
Answer:
The Journal entries are as follows:
(1) For Opening Balance Journal entry Not Required
(2) Net sales (all on account) for the year were $101,600. Metlock does not offer cash discounts,
Accounts Receivable A/c Dr. $101,600
To Sales A/c $101,600
(To record sales on account)
(3) Collections on accounts receivable during the year were $82,300,
Cash A/c Dr. $82,300
To Accounts Receivable $82,300
(To record the receipt of accounts receivable)
Everything you might sell to a consumer is listed in Quickbooks Online's Products and Services category.
<h3>What are the steps to navigate sales forms?</h3>
1. Go to the Settings cog;
2. Next- Account, and Settings
3. Next- Select Sales
4. Next- Products and Services
5. Next- Ensure the Show Product/Service column on sales forms is On.
Additionally, You may choose which fields are included in QuickBooks when you build a customer sales form by using the sales form content choices.
Check out the link below to learn more about QuickBooks online;
brainly.com/question/17139938
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