Answer:
D. $6800
Explanation:
Annual demand = 600 × 50 weeks = 30,000 bottles
Carrying cost or holding cost = $50 × 40% = $20
The economic order quantity = 500 bottles
The number of orders would be equal to
= Annual demand ÷ economic order quantity
= 30,000 ÷ 500
= 60 orders
The average inventory would equal to
= Economic order quantity ÷ 2
= 500 bottles ÷ 2
= 250 bottles
The total cost of ordering cost and carrying cost equals to
Ordering cost = Number of orders × ordering cost per order
= 60 orders × $30
= $1,800
Carrying cost = average inventory × carrying cost per unit
= 250 bottles × $20
= $5,000
So, the total would be
= $5,000 + $1,800
= $6,800
Answer:
$4,600
Explanation:
Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600
More accurate estimates and higher motivation are generally the results of using a(n) participative budget.
What is meant by participative budgeting?
In a budgeting procedure called participatory budgeting, those in lower levels of management take part in the creation of the budget.
What are the benefits of participative budgeting?
Participatory budgeting undoubtedly provides a number of benefits, including goal congruence, fiscal responsibility, information sharing from inferior to superior, and greater subordinate work satisfaction.
Is participatory budgeting effective?
The highest-ranking engagement strategy on the participation rung is participatory budgeting because of this. Although it necessitates thorough planning and preparation, it also strengthens the legitimacy of your decision-making and the level of confidence that the community's residents have in their elected officials.
Learn more about participatory budgeting: brainly.com/question/14473563
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Answer:
$378,000
Explanation:
Best Corp. has income before tax of $540,000.
The tax rate is 30%. the amount of tax will be 30% of $540,000.
= 30/100 x $540,000
=0.3 x 540,000
=$162,000
Tax amount = $162,000.
Net income = Income before tax - tax amount
=$540,000 - $162,000
=$378,000
Answer:
a. Source documents provide control and reliability in an accounting information system.
Explanation:
The source documents are the documents that support all types of business transaction. It can be in terms of bank statement, purchase order, sales order, supplier invoices, etc. It can also known as vouchers
With the help of the source documents the accounting system provides the reliable and controlling of transactions
This is the first step to verify the transactions after that recording, posting of transactions could be done.
