The Federal Application for Student Aid (FAFSA) form:

Short Grass Incorporated is a distributor of golf balls. Martin's Golf Supplies is a local retail outlet which sells golf balls.

Marat540 [252]

Short Grass Incorporated's economic order quantity is 4,602 balls or 64 cartons.

Data and Calculations:

Cost per ball = $1.15

Balls per cartoon = 72

Annual demand = 158,520

Weekly demand = 3,891 balls

The number of cartoons demanded per year = 2,202 (158,520/72)

Earnings on cash investments = 8%

Purchase-order lead time = 1 week

Ordering costs per purchase order = $128,000

Handling costs = $1,916 ($0.87 x 2,202)

The economic order quantity (EOQ) = square root of (2 x Demand x Ordering costs)/Handling costs

= square root of (2 x 158,520 x $128,000)/$1,916

= square root of (21,180,125)

= 4,602 balls or 64 cartons

Thus, the economic order quantity is 4,602 balls or 64 cartons.

Learn more: brainly.com/question/14625177

6 0

2 years ago

Justin Slugger is about to sign a contract with the Columbus Homers. The professional baseball team has given him two options of

Andrej [43]

Answer:

Option 1 Present value = $18,181,818.18

Option2 Present value = $20,916,718.64

Option 2 which is an annuity for 15 years is a better option as it has a higher present value than option 1.

Explanation:

To decide the better option, we need to calculate the present value of option 1 which is the lumpsum and the present value of option 2 which is an annuity and compare these values.

The present value of option 1 can be calculated as follows,

Option 1 Present value = Future value / (1 + r)^t

Where,

r is the rate of return of interest or discount rate
t is the time in years

Option 1 Present value = 20,000,000 / (1+0.1)^1

Option 1 Present value = $18,181,818.18

The present value of option 2 can be calculate using the formula of present value of annuity due as the payments will be made at the start of the period. The formula for present value of annuity due is attached.

Option2 Present value = 2,500,000 + 2,500,000 * [(1 - (1+0.1)^-14) / 0.1]

Option2 Present value = $20,916,718.64

Option 2 which is an annuity for 15 years is a better option as it has a higher present value than option 1.

7 0

3 years ago

Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou

kupik [55]

Answer:

Answer is a) debit, actual

Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead

Explanation:

Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes

Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.

The Manufacturing Overhead Account will have the following entries:

Transfer to work in Progress figure - credit (with applied overheads)

Bank - debit (actual overhead)

Balancing figure or shortfall - debit (over-applied)

8 0

3 years ago

What are the relationship between household and commercial bank

Sindrei [870]

Does this help?

All commercial banks must keep an account with the Central Bank. These balances are used for cheque clearing purposes between banks. Payments for cheques between banks are set off at the Central Bank’s clearing house. The Central Bank can also demand commercial banks to deposit a certain percentage of their total deposits with the central bank in order to control the money supply.

The Central Bank is a lender of last resort and will aid commercial banks when needed. The Central Bank dictates the interest rate that commercial banks can offer by setting the bank rate. This is the interest rate set by the Central Bank and the rate at which commercial banks and the Central Bank do business, e.g. loans offered by the Central Bank to commercial bank.

6 0

3 years ago

When might the exchange rate affect you most directly?

Tanzania [10]

Answer: answer d seem more likly because you have then traveld to another country

Explanation:

8 0

3 years ago