Answer: 27.28 units
Explanation:
From the question, we are told that a company wants to determine its reorder point (R) and that demand is variable and they want to build a safety stock into R. We have also been given the information that the company wants to have a service level of 95 percent and that average daily demand is 8, lead time is 3 days and the standard deviation of demand during lead time is 2.
It should be noted that a service level of 95% will have a desired z score of 1.64. To get the desired value of R, we multiply the average daily demand by the number of the days in lead time and then add to the multiplication between the standard deviation during the lead time and the desired z score. Mathematically, this will be expressed as:
= (8 × 3) + (2 × 1.64)
= 24 + 3.28
= 27.28
Therefore, the desired value of R = 27.28 units
Answer:
Explanation:
The journal entries are shown below:
a. No entry passed
b. Office expense A/c Dr $38
To Cash $38
(Being bank service charges paid)
c. Cash A/c Dr $32
To Interest revenue $32
(Being interest received)
d. No entry passed
e. Accounts receivable A/c Dr $570
To Cash A/c $570
(Being check returned)
The deposit in transit and outstanding checks should not be recorded. So, no entry is passed.
1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the <u>Cash account</u><u> </u>and a credit to the <u>Sales Revenue account</u> for $250.
2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the <u>cost of goods sold</u> and a credit to <u>Inventory</u> for $100.
<h3>What is the perpetual inventory system?</h3>
The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.
Under this system, the cost of goods sold is <u>debited</u> and the inventory account is <u>credited</u>.
Learn more about the perpetual inventory system at brainly.com/question/25014592
Answer:
E) The supervisor should identify and define the type of update needed.
Explanation:
The 5 stages of the organizational decision buying process are:
- Awareness and recognition
- Specification and research
- Request for proposals
- Evaluation of proposals
- Order and review process
The supervisor already passed stage 1 since he/she realized that their was a problem and it must be solved. The supervisor is currently in stage 2 since he/she must identify what type of software update is needed. The supervisor should try to be the most specific as possible including all the technical details that he/she is aware of.
Answer:
c. an estimate of a plant asset's value at the end of its useful life
Explanation:
The salvage value or the residual value is the estimated value of the fixed asset which can be received at the end of its useful life. So, neither it is a fair market value of a plant asset , nor it is deducted from the accumulated depreciation.
The treatment of the residual value under the straight-line method or any other method is shown below:
The depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ estimated life in years
The residual value should always be deducted from the original cost of fixed asset
