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Kazeer [188]
3 years ago
15

Central University has a demand level of 80 units per day, for a particular toner cartridge in the student computer labs each ye

ar. The cost of each unit is 10.95. The purchasing director of the university estimates the ordering cost at $45 and thinks that the university can hold this type of inventory at an annual storage cost of 22%. Operating days are 250. The lead time is for orders to arrive is four days.
Business
1 answer:
Ket [755]3 years ago
6 0

Answer:

Annual demand (D) = 80 units  x 250 days = 20,000 units

Ordering cost per order (Co) = $45

Holding cost (H) = 22% x $10.95 = $2.409

EOQ =√ 2 x 20,000 x $45

                  $2.409

EOQ = 747 units

Explanation:

EOQ is the square root of 2 multiplied by  annual demand multiplied by ordering cost per order divided by holding cost per item per annum. Holding cost is 22% of the unit cost (22% x $10.95).

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Given the following data for Vinyard Corporation:
rosijanka [135]

Answer:

C

Explanation:

D / V = 1000 / 4000

Dividing 1000 by 4000 gives 0.25 = 25%

E / V = 3000 / 4000

Dividing 3000 by 4000 gives 0.75 = 75%

7 0
3 years ago
Wilma, Betty, and Fred are partners who share income and losses in a 5:3:2 ratio. Wilma decides to retire from the partnership w
Hoochie [10]

Answer:

<u>debited</u>

Explanation:

Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.

When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.

As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:

Wilma's Capital A/C                                    Dr.  $45000

    To Cash A/C                                                                $45000

For the remaining balance, Wilma shall be paid in cash as follows,

Wilma's Capital A/C                                    Dr. $5000

     To Cash A/c                                                            $5000

(Being settlement of a retiring partner's capital account being recorded)

3 0
3 years ago
Assume the Runnng Shoes division of the Shoes Corporation had the following results last year (in thousands). Management's targe
vivado [14]

Answer: 180%

Explanation:

Return on investment = (operating income/sales) x (sales/total assets)

=>  operating income / total assets

given Operating income=1,800,000

Total assets.1,000,000

Current liabilities.=810,000

Return on investment=1,800,000/1,000,00=1.8 X 100= 180%

4 0
3 years ago
The primary objectives of control over inventory are
Morgarella [4.7K]

Answer: The correct answer is to safeguard the inventory and reporting the inventory on the financial statements.

Explanation: One of the primary objectives of control over inventory is to safeguard the inventory from damage or theft. The second objective is to report the inventory on the financial statements.

4 0
3 years ago
Which country does not claim ownership of the invention of churros?.
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Answer:

Mexico

Explanation:

The history of the churro is the subject of much debate. Three countries claim ownership of the snack: Spain, China, and Portugal.

8 0
2 years ago
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