Answer:
15,251 units
Explanation:
The formula for Economic order quantity is;
EOQ = √2DS/H
Where,
D = Annual demand = 4,212
S = Ordering cost = $177
H = Holding cost = $27/4,212 = $0.00064102564
EOQ = √ 2 × 4,212 × $177 / $0.00064102564
EOQ = √ $1,491,048 / $0.00064102564
EOQ = √232603488.37
EOQ = 15,251 units
What is the question you are asking
Answer:
The normal balance of liabilities is a credit.
Explanation:
In the double entry system one account must be debited in order for the other to be credited.
There are different balances for each account. For the accounts with normal credit balance a credit causes it to increase while a debit decreases it.
For accounts with negative balance a credit reduces its balance while a debit increases its balance.
- Asset: Debit
- Expense: Debit
- Dividends: Debit
- Liability: Credit
- Owner’s Equity: Credit
- Revenue: Credit
- Retained Earnings: Credit
Liabilities are debt owed by a business. When payment is given out to settle a debt (a debit) it reduces to amount a business owes.
If more loans are collected (a credit) the liability figure increases.
So liability has a normal credit balance
<span>Yes,Supply chain management will be helpfull to automotive aftermarket business in this scenario.Supply chain management is designed to coordinate and integrate all the activities from raw materials to product consumption.Supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage</span>
Answer:
A. All checks require two signatures.
Explanation:
Internal controls refer to the checks and balances that an organization puts into place to ensure its financial transactions' integrity. They are the measures and regulations that safeguard against fraudulent transactions, especially in the finance department. Internal control protects business assets from theft and misuse by malicious employees.
Requiring all transactions to be approved by a senior officer is a control measure that would have prevented Tyler Jones from succeeding in stealing. In this case, the check would have to be signed by a second person. The second signature serves as an approval.