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3 years ago

Charged off as bad debt canceled by credit grantor. True or False

Business

1 answer:

guajiro [1.7K]3 years ago

7 0

Answer:

"Charge off" means that the credit grantor wrote your account off of their receivables as a loss, and it is closed to future charges. When an account displays a status of "charge off," it means the account is closed to future use, although the debt is still owed.

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The annual demand for an item is 10,000 units. The cost to process an order is $75 and the annual inventory holding cost is 20%

Vilka [71]

Answer:

or ordering quantity 1-9,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*2.95)) = 1594.48201

Optimal ordering quantity will not be in this range as calculated EOQ is beyond the range

For ordering quantity 10-999,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*2.5)) = 1732.050808

Optimal ordering quantity will not be in this range as calculated EOQ is beyond the range

For ordering quantity 1000-4999,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*2.3)) = 1805.787796

Total annual cost = ordering cost + holding cost + purchase cost = (10000/1805.787796)*75+(1805.787796/2)*(20%*2.3)+10000*2.3 = 23830.66239

For ordering quantity 5000 or more,

EOQ = sqrt((2*annual demand*ordering cost)/holding cost per unit per year) = sqrt((2*10000*75)/(20%*1.85)) = 2013.468166

EOQ is adjusted upwards to 5000 to avail the discount

Total annual cost = ordering cost + holding cost + purchase cost = (10000/5000)*75+(5000/2)*(20%*1.85)+10000*1.85 = 19575

So, optimal ordering quantity = 5000

Firm should pay $1.85 per unit

Annual cost at the optimal behavior = 19575

Explanation:

5 0

3 years ago

Sloan Transmissions, Inc., has the following estimates for its new gear assembly project: price = $2,900 per unit; variable cost

Sloan [31]

Answer:

in its best case scenario:

selling price = $2,900 + 15% = $3,335 per unit

variable costs = $580 - 15% = $493 per unit

fixed costs = $5.2 million - 15% = $4.42 million

quantity = 88,000 + 15% = 101,200 units

estimated profits in best case scenario = $337,502,000 - $49,891,600 - $4,420,000 = $283,190,400

in its worst case scenario:

selling price = $2,900 - 15% = $2,465 per unit

variable costs = $580 + 15% = $667 per unit

fixed costs = $5.2 million + 15% = $5.98 million

quantity = 88,000 - 15% = 74,800 units

estimated profits in best case scenario = $184,382,000 - $49,891,600 - $5,980,000 = $128,510,400

The firm is still profitable because the contribution margin is huge even in the worst case scenario. In he best case scenario the break even point is 1,556 units, while the break even point in the worst case scenario is 3,326 units. It's a very low break even point considering total expected sales.

5 0

3 years ago

Your friend Ed refuses to use networking to get a job. He wants to get hired based on his merits and not on whom he knows. Do yo

Sauron [17]

I would agree. As being the friend of Ed, knowing that he declines to use networking to a get a job and wants to get hired based on his own merits and not on what he knows is grounded on how he observes his integrity or truthfulness. As a friend, I would appreciate as to what he wants to show to himself and maybe examine his self as to where can he achieve not using his network.

3 0

3 years ago

Read 2 more answers

The law of supply:

Vlad [161]

Answer:

The law of supply reflects the amount that producers will want to offer at each price in a series of prices.

Explanation:

The law of supply determines that the quantity offered of a good increases as its price increases, keeping the remaining variables constant. The quantity offered is directly proportional to the price.

Specifically, it determines the amount of a particular good or service that is offered by the producers taking into account its price. Usually the relationship between this quantity and the price variable will be direct or positive, unlike in the demand law.

8 0

3 years ago

Last year, Candle Corp had $200,000 of assets, $300,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 40%

Arisa [49]

Answer: 342,000

Explanation:

200,000 + 300,000 + 20,000 = 520,000

520,000 * 40% = 208,000

520,000 - 208,000 = 312,000

312,000 + 30,000 = 342,000

Therefor your answer is 342,000

5 0

3 years ago