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3 years ago

TB MC Qu. 8-119 Bramble Corporation is a small wholesaler ...

Business

1 answer:

Otrada [13]3 years ago

3 0

Answer:

The cost of December merchandise purchases would be $184,825

Explanation:

budgeted sales December $290,000

cost of goods sold 65% of sales revenue = $290,000 x 65% = $188,500

+ desired ending inventory = $280,000 x 65% x 55% = $100,000

total goods required = $288,500

- beginning inventory = $290,000 x 65% x 55% = $103,675

total merchandise purchases = $184,825

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Garden Variety Flower Shop uses 900 clay pots annually. The pots are purchased at $2 each. Annual carrying costs per pot are est

wel

Answer:

EOQ= 255 units

Explanation:

Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.

To calculate the EOQ, we need to use the following formula:

Economic order quantity (EOQ)= √[(2*D*S)/H]

D= Demand in units

S= Order cost

H= Holding/carriying cost

EOQ= √[(2*900*20)/0.6]

EOQ= 255 units

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3 years ago

Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive

Lunna [17]

Answer:

Time

Explanation:

There is a trade off between time spent in travelling and engaging into some other activity.

In Economics, Opportunity cost refers to the next best alternative. It represents the foregone benefits of an activity sacrificed in return for another activity.

In the given case, Jane is willing to pay extra online than travel all the way and get the blanket at a much cheaper rate. By doing so, Jane has saved time as well as energy which would've been spent in 50 miles drive.

Consumer decision making process involves the whole process between a consumer identifying his need and ultimately making the purchase.

The given case corresponds to the influence of available time or the time constraint which affects consumer decision making process.

4 0

3 years ago

Income Statement Wayne Corporation had the following revenue and expense account balances (in millions) for a recent year ending

stiv31 [10]

Answer:

Income Statement

Revenue $24,698

Expenses

Salaries and employee benefits $8,815

Purchased Transportation $1,203

Fuel Expense $3,228

Rental and landing fees $1,748

Depreciation Expense $925

Maintenance and repairs expense $1,573

Provision for income taxes $805

Other expense (revenue) net $4,995

Total Expenses $23,292

Net Income $1,406

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3 years ago

conduct a research on a successful south african entrepreneur. write an essay which you include the following: background, rise

Arada [10]

One of the young and successful entrepreneur Mubarak Muyika of Kenya. AT age 20 years old, he founded Zagace Limited is a software helping companies evaluate their inventory: accounting, payroll, stock management, marketing, etc. Next is Bheki Kunene of South Africa. AT age 27, he founded Mind Trix Media providing jobs and a profit.

8 0

4 years ago

The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment$34,000 Annual cost savings $

MA_775_DIABLO [31]

Answer:

NPV = $5,926.226

Explanation:

The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good and profitable investment project and a negative figure implies the opposite.

NPV = PV of cash inflows - PV of cash outflows

PV of annual savings= A× (1- (1+r)^(-n))/r

r- discount rate- 11%, n- number of years- 5, A- annual savings

= 10,000 × (1- 1.11)^(-5) )/0.11 = 36,958.97

PV of scrap value = F × (1+r)^(-n)

r- discount rate- 11%, n- number of years- 5, F- salvage value - 5,000

5,000× (1.11)^(-5)= 2,967.256

NPV = 36,958.97018 + 2,967.256 - 34,000

= 5,926.226

NPV = $5,926.226

3 0

3 years ago