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Sholpan [36]
3 years ago
6

MySchool Notebook Company uses 100,000 pounds of plastic pellets per year in the production of their custom 3-ring school binder

s. They buy the pellets at a cost of $0.75/lb delivered. They estimate that it costs them $100 to place and put away an order of pellets. They use an inventory holding rate of 20% of the cost of an item. Calculate the economic order quantity for plastic pellets for MySchool Notebook.
Business
1 answer:
Anton [14]3 years ago
3 0

Answer:

11547 lb

Explanation:

Economic Order Quantity is the ordering quantity where the cost of ordering and holding inventory is the minimum. It is the point where the cost of ordering and holding inventory intersects.

To calculate the Economic Order Quantity we use the following formula,

  • EOQ =√(2 × Annual Demand × Ordering Cost/Order) / Holding Cost per unit per annum

Plugging in the values in the formula,

  • EOQ = √(2 × 100000 × 100) / 0.15  ⇒ 11547.00538 rounded off to 11547 lbs
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Answer:

The answer is below

Explanation:

Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.

Hence, in this case, the correct answer or statement to the question are:

1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss

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2 years ago
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% an
Alecsey [184]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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6 0
3 years ago
Beer Corporation had net income of $216,000, and paid dividends to common stockholders of $43,000 in 2017. The weighted average
Zepler [3.9K]

Answer:

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Explanation:

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A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB).

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