Answer and Explanation:
The computation is shown below;
1. Reorder point is
= Daily demand × lead ime
= 20 × 3 days
= 60 pounds
2. The length of the order cycle is
= Order quantity ÷ demand rate
= 80 ÷ 20 pounds
= 4 days
3. The average inventory level is
= Order quantity ÷ 2
= 80 ÷ 2
= 40 pounds
4. The total daily cost is
the cost of the pepperoni = daily demand × cost per pound
= 20 × 3 pound
= 60
Daily ordering cost is
= daily demand ÷ ordering quantity × ordering cost
= 20 ÷ 80 × $10
= $2.50
And, the daily holding cost is
= ordering cost ÷ 2 × holding cost
= 80 ÷ 2 × 0.04
= $1.60
Now the total daily cost is
= $60 + $2.50 + $1.60
= $64.10
5. The economic order quantity is
= (√2 × annual demand × ordering cost ÷ carrying cost)
= √2 × 20 × 10 ÷ 0.04
= √10,000
= 100
The grocery chain is using print media/direct marketing. The print media promotion is a method of promotion that uses tangibly printed media such as magazines and papers to extent consumers, business customers and prospects. Promoters also use digital mass media such as banner ads, mobile promotion and promotion in social media to scope the same board spectators.
Answer:
C. Unearned rent revenue 40,000 debit
revenue 40,000 credit
Explanation:
The contract is 60,000 per year
per month, the rent will be 60,000/12 = 5,000
Because the payment was in advance, the rent revenue wasn't earned yet. At year-end we adjust for the portion earned and recognize this revenue.
We need to calculate the accrued rent from May 1st to December 31th
December 31th - May 1st = 8 months
8 months x 5,000 per month = 40,000
This is the amount accrued for the year.
Answer:
c. She should pay with a credit card.
Explanation:
Credit cards are basically loans that the banks give to the customer to use and pay back before the due date.
Now if Sean's mother does not know how much money she has, she must use the credit card because to be financially responsible and pay the type services their due amount.
Later she can check her account details and make payments to the bank as per requirement.