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:
D. Worksheet is a tool used in preparing adjusting entries and the financial statements, and the use of worksheet is optional
Explanation:
The correct option D because worksheet is used to adjust value and prepare the financial statements and it is not mandatory to use.
The post-closing trial balance might show that accounting equation is balanced but not every time. It only ensure the total of debits balances and total of credits balances are equal. All transaction might not correctly journalized.
The accounting cycle starts with analyzing the business transactions and ends with the preparation of a Financial Statements.
Property, Plant and Equipment are our physical, tangible and long term assets which include all land, office, building, Machinery, equipment and vehicles.
Answer:
FUTA tax due from the corporation is $108
Explanation:
The First and Second employee earned 7000 each
The Third employee earn earns 4000
Paid under State Unemployment Tax by the employer is = (7000+7000+4000) x 5.40% =$972
How much FUTA tax is due from Willow Corporation for 2019?
Credit of tax paid in State Unemployment Tax is availabe for FUTA tax of 6%, thus FUTA due will be:
=(6% of 18000) - $972
=1080-972
=$108
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
$1,059,050
Explanation:
The computation of the anticipated level of profits for the expected sales volumes is shown below:
Expected sales 209,000 305,000
Particulars Chicken Fish
Sales $815,100 $1,525,000
Less:
Variable cost -$407,550 -$762,500
Contribution margin $407,550 $762,500
Now the profit would be
= Total contribution margin - total fixed cost
= $407,550 + $762,500 - $111,000
= $1,059,050
The sales are variable cost are come by multiplying the units with its price per taco.