Answer: Andy's demand for beer to increase
Explanation:
Andy's views beer and pizza as complement to each other. Hence when the price of pizza decreases Andy's demand for beer would increase as he would order more beer than pizza so as to complement both offers.
I believe that it does help determine that because if you want to be a teacher then 9 times out of 10 you go to a college to be a teacher and get your degree.
Answer:
TRUE: A. Different companies will use different charts of accounts based on individual company need.
C. The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.
Explanation:
A. <u>Different companies will use different charts of accounts based on individual company need.</u>
A chart of accounts is the combination of all the accounts of an organization in an organized and structured model whose objective is to establish a codification so that there is a standardization of the company's financial information to assist the work of the accounting sector.
Therefore, each company will have a model chart of accounts referring to its activities and processes.
<u>C.</u><u> </u><u>The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.</u>
<u>
</u>The general ledger can be defined as the set of all accounts held in the organization in detail.
Through the information in the accounts, the organization is able to correctly separate each one by type and carry out the organizational financial statement.
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Answer:
EOQ = 609.91 units
Average inventory= 600 units
Number of orders = 5.2 times
Annual inventory holding cost =$1,200
Annual ordering cost = $312
Total cost = $88,312
Explanation:
EOQ =√ (2× Co× D)/Ch
EOQ= ? , Co-60, Ch- 2, D- 6200
EOQ = √(2× 60× 6200/2)
EOQ = 609.9180273
Average inventory = minimum level +EOQ/2
= 1200
/2 = 600 units
Number of orders = Annual demand/ order quantity
= 6,200/1200 = 5.166
Number of orders = 5.2 times
Annual inventory holding cost = Average inventory × holding cost per unit
=600
× $2 =$1,200
Annual ordering cost = No of orders × ordering cost per order
= 5.2 times × 2 =$312
Annual inventory cost = Purchase cost + Ordering cost + Holding cost
Purchase cost=Annual demand× unit price 14× 6200= 86,800
Total cost = 86,800 + $1,200+ $312
=88312
