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3 years ago

Inventory control models assume that demand for an item is:______________.

Business

1 answer:

Zielflug [23.3K]3 years ago

5 0

Answer:

Explanation:

Inventory control models assume that demand for an item is either independent of or dependent on the demand for other items. This is because the amount of stock that the company should have for an item depends on the demand for that item, but at the same time demand for that item will sometimes vary depending on the demand for other similar items which may or may not be taking market share away from the first item.

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Partial adjusted trial balance for Pina Colada Corp. at December 31, 2017, includes the following accounts: Retained Earnings $1

Leni [432]

Answer and Explanation:

The presentation of the retained earnings statement for the year is presented below:

Pina Colada Corp

Retained Earnings Statement

For the year Ended December 31, 2017

Retained Earnings, as on January 1 $16,700

Add: Net Income $10,400

Less: Dividend paid -$4,700

Retained Earnings, as on December 31 $22,400

6 0

4 years ago

A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by upper c equals 0.

Fantom [35]

Answer:

The cost per month is increasing at a rate $365.

Explanation:

Differentiation Formula

$\frac{d}{dx}(x^n)= nx^{n-1}$
$\frac{d}{dx}(a)=0$ [ where a is a constant]
$\frac{d}{dx}(ax^n)=a \frac{d}{dx}(x^n)= anx^{n-1}$

Given that,

A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by

$c=0.2x^2+10,000$ .

Again given that,

the rate of changing production is 13 unit per month

i.e $\frac{dx}{dt}=13$

To find the cost per month, we need to find out the value $\frac{dc}{dt}$ when production is changing at the rate 13 units per month and the production is 70 units.

$c=0.2x^2+10,000$

Differentiating with respect to t

$\frac{d}{dt}(c)=\frac{d}{dt}(0.2x^2)+\frac{d}{dx}(10,000)$

$\Rightarrow \frac{dc}{dt}=0.2\frac{d}{dt}(x^2)+\frac{d}{dx}(10,000)$

$\Rightarrow \frac{dc}{dt}=0.2\times 2x^{2-1}\frac{dx}{dt}+0$

$\Rightarrow \frac{dc}{dt}=0.4x\frac{dx}{dt}$

Plugging $\frac{dx}{dt}=13$

$\Rightarrow \frac{dc}{dt}=0.4x\times 13$

$\Rightarrow \frac{dc}{dt}=5.2x$

$\frac{dc}{dt}|_{x=70}=5.2\times 70$ [ plugging x=70]

=364

[ The unit of c is not given. Assume that the unit of c is dollar.]

The cost per month is increasing at a rate $365.

4 0

3 years ago

Babble, Inc., buys 405 blank cassette tapes per month for use in producing foreign language courseware. The ordering cost is $1

Natasha2012 [34]

Answer:

The appropriate solution is "764".

Explanation:

Given:

Demand per month,

D = 405

or,

= $405\times 12$

= $4860$

Ordering cost,

S = $15

Holding cost,

H = $0.25

As we know,

⇒ $EOQ=\sqrt{\frac{2DS}{H} }$

⇒ $=\sqrt{\frac{2\times 4860\times 15}{0.25} }$

⇒ $=\sqrt{\frac{145800}{0.25} }$

⇒ $=\sqrt{583200}$

⇒ $=763.67$

or,

⇒ $=764$

3 0

3 years ago

On January 2, 2018, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common sha

Stels [109]

Answer:

Cost Method

Explanation:

1. When considering whether to account for its investment in Marlon under the equity method, Miller’s management should apply 'Cost Method' because 'equity accounting method' is should only be used when the company has a significant interest in Marlon which is assumed to be 20% of its shareholding.

2. If we assume the use of equity method then.

investment to be reported in its 2018:

A. Income statement : This will be a single line to show the 'share of associate's profit' which is derived by multiplying the percentage ownweship by the investee's profit amount: 16.67%* 12 = $2million

B. Balance sheet : This will show the carrying value of the investment under long term assets, after fixed assets before current assets. The value will be:

1. The purchase consideration of $19m

(+)

2. The share of associate's profit of $2m

(-)

3. The amount of dividends received of $6m

Therefore the carrying value of the investment in the balance sheet will be $15 million

C. Statement of cash flows: The statement of cashflows will only show the receipt of cash for the dividend of $6million from Marlon, in the 'investing activities' section, as an inflow.

4 0

3 years ago

A deep sea diving bell is being lowered at a constant rate. After 12 minutes, the bell is at a depth of 400 ft. After 50 minute

ella [17]

Answer: After 50 minutes the bell is at a depth of 2000 ft so we can find the average rate by

2000/50 =40 ft per minute.

We ignore the 400 ft in 12 minutes because that is included when we take out the average at 50 minutes and adding it in would be an error of doubly entry.

Explanation:

6 0

4 years ago