Answer: 500kg
Explanation:
Economic Order Quantity (EOQ) is the amount of units that should be added by a company to its inventory so.as to reduce total inventory cost.
From the question, the economic order quantity will be calculated as:
Drmqnd per year will be:
= 250 days/$0.04
= 12500 kg/year
The annual carrying cost per unit will be:
= $0.04/250
= $10/year
Ordering cost = 100
EOQ =[√(2×12500×100)/10]
= √2500000/10
= ✓250000
= 500 kg
Answer: $7,000
Explanation:
As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.
Department One occupies 2,400 square feet of that space.
Calculating the proportion it occupies is,
= 2,400/12,000
= 20%
Since it occupied 20% of the total space then it should be charged 20% of the rent bill.
= 20% * 35,000
= $7,000
Department One should be charged rent expense for the period of $7,000.
Answer:
$4,424
Explanation:
Calculation to determine what amount would you have lowered your federal income tax
Using this formula
Reduction in Federal income tax amount = (Mortgage interest + Real estate taxes) x Tax rate
Let plug in the formula
Reduction in Federal income tax amount= ($13,200 + 2,600) x 0.28
Reduction in Federal income tax amount=$15,800×0.28
Reduction in Federal income tax amount = $4,424
Therefore The amount that you would have lowered your federal income tax is $4,424
Answer:
Shift in supply curve, movement along supply curve
Explanation:
A shift in supply curve occurs due to changes in other factors other than price . Examples include increase in cost on inputs(raw materials), increase in government taxes; these two will cause the supply curve to shift to the left. On the other hand, movement along supply curve is due to changes in price of the good or service supplied; the higher the price, the higher supply hence an upward movement along the supply curve.
