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alex41 [277]
3 years ago
6

Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point syste

m to manage inventory of this standard muffler. Annual demand 3,500 mufflers

Business
1 answer:
MA_775_DIABLO [31]3 years ago
3 0

COMPLETE QUESTION:

Sarah’s Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point system to manage inventory of this standard muffler. Use the following information to determine the best order size:

(The attachment contains the information)

Answer: 216 mufflers is the best order size.

Explanation:

The attachment contains the calculations and information.

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Corporation A and Corporation Z go into partnership to develop, produce, and market a new product. The two corporations contribu
sasho [114]

Answer:

You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.

Explanation:

a. Corporation A realized a $4.000 loss, and Corporation Z realized a $68.000 gain on the contribution of business equipment to AZ partnership. Neither corporation recognizes gain or loss.

b. A's basis in it's one-half equity interest in AZ Partnership is $134.000, while Z's basis in it's one-half equity in AZ partnership is $62.000.

c. AZ partnership's basis in the equipment contributed by A is $34.000 and in the equipment contributed by B is $12.000.

6 0
4 years ago
If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000, A. Paid-In Capital in Excess of Par will be cr
Sindrei [870]

Answer:

option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000

Explanation:

Given data

share = 5000

share value = $5 / common stock

cash = $175000

to find out

find the option which is correct

solution

we know here we have cash value $175000

and

total common stock is = share × share value

total common stock  =5000 × 5

total common stock value is $25000

so paid capital in excess = cash - total common stock value

paid capital in excess = 175000 - 25000

paid capital in excess is $150000

so option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000

4 0
3 years ago
On January 1, a company issues bonds dated January 1 with a par value of $310,000. The bonds mature in 5 years. The contract rat
Elenna [48]

Answer:

The journal entry for the interest payment is shown below:

Explanation:

Interest Expense A/c........................Dr      $16,098

Premium on bonds payable A/c....Dr    $952

                 To Cash A/c............................Cr    $17,050

Working Note:

Interest expense = Bonds sale value × Market rate

                             = $321,964  × 5%

                            = $16,098

The market rate will be:

= 10 / 2

= 5%

Because it is paid semiannually, so rate is divided by 2.

Cash = Par value  × Contract rate

         = $310,000  × 5.5%

        = $17,050

The contract rate will be:

= 11 / 2

= 5.5%

Because it is paid semiannually, so rate is divided by 2.

3 0
3 years ago
A firm is producing 24 units of output. At the 24th unit of output, marginal revenue is $5, and marginal cost is $4; at the 25th
agasfer [191]

Answer:

False.

Explanation:

(1) Units produced = 24 units of output

At the 24th unit of output,

Marginal revenue = $5

Marginal cost = $4

MR ≠ MC

At the 25th unit of output,

Marginal revenue = $4.50

Marginal cost = $4.50

MR = MC

At the 26th unit of output,

Marginal revenue = $4

Marginal cost = $5

MR ≠ MC

A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.

It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.

This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.

6 0
3 years ago
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,500 of dir
serg [7]

The amount of job costs added to Work in Process Inventory during October is $37,000

Explanation:

Job A3B was ordered by a customer on September 25.

The company applies overhead at a rate of 200% of the direct labor cost incurred.

<u>Cost of September:</u>

$2,500 of Direct Materials(DM)

$4,000 of Direct Labor(DL)

$4,000 manufactured overhead(OH)

<u>Total job cost </u>= DM + DL + (OH)

Total Job Cost =$2500+$4000+($4000*200%)

Total Job Cost=$2500+$4000+$8000

<u>Total Job Cost=14500 (Cost for September)</u>

<u></u>

<u>Cost of October:</u>

$3,000 of direct materials  

$6,500 of direct labor

$6,500  manufactured overhead

<u>Total job cost </u>= DM + DL + (OH)

Total Job Cost =$3000+$6500+($6500*200%)

Total Job Cost=$3000+$6500+$13000

<u>Total Job Cost=22500 (Cost for October)</u>

<u>Total cost of Job A3B</u>= September $14,500+ October $22,500 = $37,000

<u>Work in process contains the sum of the costs on job cost sheets for jobs that are not yet complete.</u>

8 0
3 years ago
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