Answer:
Please consider the explanation below
Explanation:
a.Optimal order quantity per order = √2CO / I
= √[2*1500Units*625 ]/ (130)
=√1875000/130
=120 units per order
b.Minimum total annual inventory costs
Annually orders = 1500 / 120
= 12.5 times
Ordering cost = 12.5*625 = $7812
carrying cost = 120 units *$130 = $15600
Total annual inventory cost = $23412
c.The number of orders per year
= Annual denand / Optimum oder
= 15000 U / 120
= 12.5 times
• d.The time between orders (in working days)
= 364 / 12.5 (considered one leave)
= 29.12 days
=29 days
Answer:
a. Dr Sales $619,200
Cr Customer Refunds Payable $619,200
b. Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
Explanation:
a. Preparation of the journal entry to record Estimated customer refunds and allowances
Dr Sales $619,200
($51,600,000 × 1.2%)
Cr Customer Refunds Payable $619,200
(To record Estimated customer refunds and allowances )
b. Preparation of the journal entry to Estimated customer returns
Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
(To record Estimated customer returns)
Answer:
True
Explanation:
Value is the perception of the benefits or utility associated to consuming a good or a service in relation to the price of that good or service. This basically refers to consumer surplus, how much are consumers willing to pay for a good or service vs the actual cost of the good or service. If you increase the perceived benefits, then our consumers will value our goods or services more and this would increase their consumer surplus.
Consumers are the ones that ultimately will decide the value of our goods or services, and if they assign us a higher perceived value, they will be willing to pay a higher price for them.
Answer:
Relative Frequency = Observed value for each cell / Total frequency * 100
Cause Relative Frequency
Pilot Error 619
Other human error 85
Weather 574
Mechanical problems 566
Sabotage 524
Total 2368
The total frequency is 2368
The calculation of the relative frequency distribution is
Cause Relative Frequency Result
Pilot Error 619/2368 * 100 26.14%
Other human error 85/2368 * 100 3.59%
Weather 574/2368 * 100 24.24%
Mechanical problems 566/2368 * 100 23.90%
Sabotage 524/2368 * 100 <u>22.13%</u>
Total 100%
Conclusion: The most serious threat to aviation safety is the Pilot error as it has the highest frequency. Pilot need to be more equipped with understanding and knowledge of how to deal with unexpected event i.e. turbulence, engine failure among others..
