Sully Company uses 3,000 yards of canvas each day to make tents. It usually takes ten days from the time Sully orders the materi
1 answer:
Answer:
42,000 yards
Explanation:
The order point must account for the total usage during the lead-time plus the desired safety stock.
If the lead-time is 10 days, the daily usage is 3,000 yards, and Sully desires a safety stock of 12,000 yards, the order point must be:
Sully's order point is 42,000 yards.
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Solution:
Annual coupon payment of the bond is $80
At the beginning of the year, remaining maturity period is 2 years.
Price of the bond is equal to face value, i.e. the initial price of the bond is $1000.
New price of the bond = present value of the final coupon payment + present value of the maturity amount.
New price of the bond =
where, r is the yield to maturity at the end of the year.
Substitute 0.06 for r in the above equation,
Therefore new price of the bond is =
=
= $ 1010.87
Calculating the rate of return of the bond as
= 0.09887
Therefore, the rate of return on the bond is 9.887%
≈ 10 %
Answer:
Kindly see attached organized table for clarity.
Item cash Net income
a Purchase of Supplies of cash -$133 -
b Adjusting entry for use of supplies - -$31
c Made sales on account - $1,297
d Received cash from customer on acct $865 -
e Purchased equipment for cash -$2,528 -
f Depreciation of building to be recorded - -$610
