Answer: 554 units
Explanation:
The formula to calculate the optimal average number of units in the inventory will be calculated as:
= EOQ/2
EOQ is the economic order quantity and this will be:
= √(2 × Annual demand × Ordering cost / Carrying cost
= √(2 × 202,801 × 9.33)/3.08
= ✓1228658.5
= 1108.5
Therefore, the optimal average number of units in the inventory will be:
= EOQ/2
= 1108.5/2
= 554.25
= 554 units approximately
Answer:
Latinmore made money on the exchange rate movement. It was an exchange rate gain of $369,566. The marginal tax impact was $147,826.
Explanation:
Since the standard practice in accounting is to reflect the current situation of the company, any change in the exchange rate that affects the assets of the company abroad must be recognized. The financial income of exchange gains are registered in the Income Statement and affects the base to pay income tax.
Answer:
B. We will not disclose any advice provided under the terms of this engagement letter to third parties unless instructed to do so
Explanation:
Audit engagement letter is a document issued by an auditor when having to take a new client. This letter serves as contract which contains what is expected from both parties. It is a legal document that can serve as evidence in a law court although it is considered less formal. This document contains procedures and guidelines of engagement.
The deadweight loss from a tax is likely to be greater with a good that has many substitute.
<h3>What is deadweight loss?</h3>
This refers to scenario, tax imposed create loss of economic sufficiency; when the supply of goods and services aren't met.
Dead weight loss is the inefficiency that occurs when the market is not in equilibrium.
Learn more about deadweight loss here: brainly.com/question/26362939
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