Answer: The options are given below:
A. $18.00
B. $1,036.80
C. $2.00
D. $7.20
E. $64.00
The correct option is D. $7.20
Explanation:
From the question above, we were given:
Annual demand = 100,000 units
Production = 4 hour cycle
d = 400 per day (250 days per year)
p = 4000 units per day
H = $40 per unit per year
Q = 200
We will be using the EPQ or Q formula to calculate the cost setup, thus:
Q = √(2Ds/H) . √(p/(p-d)
200=√(2x400x250s/40 . √(4000/(4000-400)
200=√5,000s . √1.11
By squaring both sides, we have:
40,000=5,550s
s=40,000/5,550
s=7.20
Answer:
Receivables turnover = 11.50 times
Days' sales in receivables = 31.74 days
Average collection period = 31.74 days
Explanation:
<u>Receivables Turnover Ratio</u>
Receivables turnover = Credit Sales / Receivables
= $3,804,200 / $330,800
= 11.50 times
Receivables turnover ratio measures how many times a company's receivables are converted to cash in a period. A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly.
<u>Days' sales in Receivables/ Average Collection Period</u>
Days' sales in receivables = 365 days / Receivables turnover
= 365 / 11.50
= 31.74 days
On average, credit customers took 31.74 days to pay off their accounts.
The days' sales in receivable ratio which is also known as the average collection period tells you the number of days it took on average to collect the company's accounts receivable during the past year.
Answer:
a. a majority of both shareholders and directors must approve.
Explanation:
Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy
- The Board of directors first have to propose a resolution regarding disposition which has to be approved
- Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
- Such approval must be obtained by majority of the votes cast in it's favor.
In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.
Answer:
35933
$46,200
Explanation:
Depletion = amount of pounds extracted x depletion factor
depletion factor = (cost of asset - salvage value) / estimated yield
(330,000 - 22,000) / 660,00 = 0.467
2021 = 0.467 x 99,000 = $46,200
