Answer:
Current assets include inventory, while fixed assets include such items as buildings and equipment. Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace.
Explanation:
Answer:
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Explanation:
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Answer:
Order size = 50 cars
The number of orders=25
Explanation:
<em>The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost. </em>
It is computed using the formulae below
EOQ = √ (2× Co× D)/Ch
Co- Ordering cost, Ch- Carrying cost - D- Annual demand
EOQ= √2× 1000× 1250/1000= 50
Number of cars to be ordered per time, i.e optimal order size= 50 cars
Order size = 50 cars
b)
The number of times orders should be placed per year would be calculated as follows:
The number of orders = Annual demand/ order size
The number of orders= 1250/50 = 25
The number of orders=25
The amount of the adjusting entry on December 31 is: $3400.
<h3>Amount of adjusting entry</h3>
Using this formula
Amount of adjusting entry=Prepaid rent/ Number of months
Let plug in the formula
Amount of adjusting entry=$10,200/3 months
Amount of adjusting entry=$3,400
Therefore the amount of the adjusting entry on December 31 is: $3400.
Learn more about adjusting entry here:brainly.com/question/13933471
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