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astra-53 [7]
2 years ago
8

Andre Candess manages an office supply store. One product in the store is computer paper. Andre knows that 10,000 boxes will be

sold this year at a constant rate throughout the year. There are 250 working days per year and the lead-time is 3 days. The cost of placing an order is $30, while the holding cost is $15 per box per year. How many units should Andre order each time to minimize his annual inventory cost?
Business
1 answer:
Romashka-Z-Leto [24]2 years ago
5 0

Answer:

Annual demand (D) = 10,000 boxes

Ordering cost  (Co)  = $30

Holding cost (H) = $15

EOQ = √2DCo

                H

EOQ = √2  x 10,000 x $30

                    $15

EOQ  = 200 units                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

Explanation:

EOQ is a function of square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum. EOQ is the quantity of stock that minimises the total inventory cost. In                        this  case, EOQ equals 200 units                                                                  

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Answer:

Notifying Serena of any material changes

Explanation:

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3 years ago
Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The fo
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Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

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Rent (Expense)     Dr $275

Cash (Asset)                        Cr $275

February 2 (Purchased fuel costing $490 on account for the next flight to Dallas.)

Fuel (Expense)                             Dr $490

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February 4 (Received customer payment of $820 to ship several items to Philadelphia next month.)

Cash (Asset)    Dr $820

Shipment (R)              Cr $820

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Cash (A)   Dr $910

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Cash (A)                            Dr 1600

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Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:
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Answer:

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Journal entries

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Cash                                                                                        360 million

Cash                                                        42 million

Common stock                                                                          42 million

Cash                                                        36 million

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Explanation:        

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