Answer:
The correct option is $457
Explanation:
The amount of cash paid in respect of insurance for the current period can arrived at using the below proforma or format:
Insurance expense in the year $477
less insurance prepaid in the previous year ($50)
add insurance prepaid this year $30
Cash paid for insurance in the current year $457
It is important to note that the question required actual cash paid in respect of insurance in the current year,full knowing that the beginning balances in prepayment was paid for last year implies that it should be deducted and the other way round for the closing insurance prepayment this year
It is a true statement that the Managers will invest in human resource management if its helps in developing staff and helps communication to result in greater profits.
<h3>What is a
human resource management?</h3>
This is a section of management the people in a company so that they will help their business gain a competitive advantage over others.
This management is involve in the recruitment, hiring, renumeration, motivation etc of the staffs.
Thus, it is agreed that Managers will invest in human resource management if its helps in developing staff and helps communication to result in greater profits.
<h3>
</h3>
Read more about human resource
<em>brainly.com/question/25443563</em>
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Answer:
The company should order 100 units to minimize total inventory cost.
Explanation:
Given,
Annual Demand, D = 2,000 units
Order cost, S = $20
Purchase cost = $40
Holding cost, H = Purchase cost x percentage of holding cost
Holding cost = $40 × 20%
Holding cost = $8
We know, the company should order the highest number of products with a minimum cost, and for that, the company uses economic order quantity. Hence,
Economic Order Quantity (EOQ) = 
EOQ = 
EOQ = 
EOQ = 100
