Answer:
The optimal stocking level is 243 boxes
Explanation:
In order to calculate the optimal stocking level we would have to calculate the following formula:
optimal stocking level=mean+(Z* standard deviation)
According to the given data we have the following:
mean=250 boxes per day
standard deviation=22 boxes
To calculate the z value we would have to calculate the service level as follows:
service level=shortage/(shortage+overage)
service level=3/(3+5)
service level=0.38
Hence, z value is -0.31
Therefore, optimal stocking level=250 + (-0.31 * 22)
optimal stocking level=243 boxes
The optimal stocking level is 243 boxes
<span>1.41
The quick ratio is the sum of assets that can be quickly liquidated divided by the liabilities. In this case, the assets are the cash of $316 and the accounts payable of $709. The inventory doesn't count since it can't be quickly converted to liquid assets. The liabilities are the accounts payable of $709. So let's do the math.
(316 + 687)/709 = 1003/709 = 1.41
So the result is 1.41</span>
Answer and Explanation:
The adjusting entry is shown below:
a.
Salaries expense ($25,500 ÷ 5 days) $5,100
To salaries payable $5,100
(being the salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
b.
Salaries expense ($25,500 ÷ 5 days × 4 days ) $20,400
To salaries payable $20,400
(being the salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
Answer:
Demand is the same as quantity demanded.
Explanation:
Answer:
$2,100
Explanation:
Data provided in the question
Prepaid rent account before adjustment at the end of the month = $2,800
And, the monthly rent is $700
So, the amount of prepaid rent after adjustment is
= Prepaid rent account before adjustment at the end of the month - the monthly rent
= $2,800 - $700
= $2,100
Basically we deduct the monthly rent from the prepaid rent balance before adjustment
