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Gennadij [26K]
4 years ago
12

Probett’s Garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 pe

rcent of purchase cost per unit on an annual basis. Determine the total costs of the cleaning cloths.
Business
1 answer:
faust18 [17]4 years ago
3 0

Answer: $730.2

Explanation:

Let the total cost of cleaning clothes = X

Other variables include:

Total cost of boxes = $6×120

=$720

Ordering cost =$3

Holding costs = (10/100 ×6)12

=$7.2

Total costs of cleaning clothes =

The cost of boxes+ordering cost+holding cost

=720+3+7.2 = $730.2

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Sunland Company took a physical inventory on December 31 and determined that goods costing $190,500 were on hand. Not included i
Sergio [31]

Answer:

$241,500

Explanation:

Calculation for What amount should Sunland report as its December 31 inventory

December 31 inventory per physical count $190,500

Add Goods-in-transit purchased FOB shipping point $29,000

Add Goods-in-transit sold FOB destination $22,000

December 31 Inventory $241,500

($190,500 + $29,000 + $22,000 = $241,500)

Therefore What amount should Sunland report as its December 31 inventory is $241,500

8 0
3 years ago
Suppose the economy of the large country of Hendrix is currently experiencing economic growth and has a trade deficit. Consider
Sergio039 [100]

Answer:

Likely to occur during economic growth and increase the trade deficit.

1. Domestic private investment increases

2. Imports increase

When there is a period of economic growth, people generally have more income in the economy. Their consumption will increase and they will demand more foreign goods as well as domestic. This will lead to imports rising.

Likely to occur during economic growth and decrease the trade deficit.

1. Private saving increase.

2. Government borrowing decrease

With people earning more income, they will be able to save more of that income and because they are not buying with those savings, trade deficit drops.

The government would also not have to borrow as much to prop up the economy as the economy is also doing well. This means less need for foreign funds so a lower trade deficit ensues.

Not likely to occur during economic growth.

1. Imports decrease.

2. Government borrowing increases.

When there is economic growth, it is unusual to see that imports are decreasing.

Government would also not have to borrow as much as the economy is doing well on its own and does not need the government to pump money into it.

6 0
3 years ago
A large national bank charges local companies for using their services. A bank official reported the results of a regression ana
Snowcat [4.5K]

Answer:

The correct option is (b).

Explanation:

The regression equation to predict the bank's charges (Y) measured in dollars per month for services rendered to local companies based upon the company's sales revenue (X) measured in millions of dollars is:

\hat Y=-3100+27X

The <em>y</em>-intercept of the line is, -3100.

The slope of the line is, 27.

The <em>y-</em>intercept of a regression line is defined as the average value of the dependent variable when the independent variable value is 0.

The dependent variable, in this case, is the bank's charges and the independent variable is the company's sales revenue.

As the company's sales revenue cannot be $0, the <em>y</em>-intercept cannot be interpreted.

Thus, the correct option is (b).

5 0
3 years ago
Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieve
Sidana [21]

After every service rendered, there is a payment for it. when it is hourly, it is termed wages, when it is monthly, then, it is called salary.

Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved

<h3>Wages</h3>

Wages a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.

Therefore, the it refers to rewards based on the number of hours the employee works or the level of output achieved.

learn more about wages: brainly.com/question/1622389

6 0
2 years ago
Smith Law Firm specializes in the preparation of wills for estate planning. On October 1, 2021, the company begins operations by
borishaifa [10]

Answer:

Financing cash flows will be as follows;

Explanation:

Stocks                        $11,000

Loan                          $16,000

Dividends paid            ($1,100)      

Cashflows from financing activities   $25,900  

The salaries paid and service revenues received are shown in operating activities, therefore they are not shown in financing activities of cash flow statement.

6 0
4 years ago
Read 2 more answers
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