Answer:
Re-order quantity = 256.6 or 257 units
Explanation:
We can calculate the reorder point for the company at 99% service level as follows
Solution
The Standard deviation of demand during lead time = sigma
Average daily demand = d
lead time = L
Standard deviation covered 99% = Z
DATA
Sigma =20 units
d= 30 units per day
L= 7 days
Z= 2.3
Calculation
Reorder quantity = (d x L) + (Z x sigma)
Reorder quantity = (30x7) + (2.33 x 20)
Reorder quantity = 210 + 46.6
Reorder quantity = 256.6 or 257 units
Answer:
Net income = $16,720
Total assets = Total Stockholders Equity and Liabilities = $68,300
Explanation:
Note: This question is not complete and the data in it are merged together. The complete question with the sorted data is therefore presented before answering the question. See the attached pdf file for the complete question with the sorted data.
Also note: See the attached excel file for the income statement and the classified balance sheet.
A classified balance sheet can be described as a financial statement that show different classifications such intangible assets, fixed assets, current assets, shareholders equity, current liabilities, and long-term liabilities.
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Answer:
$2,000
Explanation:
Cost of truck = $9,000
Residual value = $1,000
Value to be depreciated = $9,000 - $1,000
= $8,000
if the truck has a useful life of 40,000 miles and 10,000 miles is covered in the first year,
Depreciation expense for the first year = (10000/40000) × $8,000
= $2,000
Answer:
c) $1,500,000
Explanation:
Typically inventory for $3,000,000 will last for 30 days. The current order will be depleted by the 15th, which is half of 30 days. You require inventory to run for another 15 days. The inventory required will be half or $3,000,000
=$3,000,000 /2
=$1,500,000
Answer:
B) $27,500.
Explanation:
The computation of the amount credited to the allowance account is shown below:
= Sales during the 2017 year × estimated uncollectible percentage
= $2,750,000 × 1%
= $27,500
By multiplying the sales with the estimated uncollectible percentage we can get the amount credited to the allowance account and the same is to be considered
Hence, the correct option is B
