On behalf of a client, you enter an order to write 5 ABC Jan 30 puts. this order is Opening to sell.
A customer is a person who purchases products or services from a company, and a customer refers to a specific type of customer who purchases professional services from a company. In general, customers buy products and customers buy advice and solutions.
A client is someone who buys goods or pays for services. Businesses and other organizations can also be customers. Unlike Customers, Customers typically have a contract or relationship with a Seller. For example, when you buy coffee at a station cafe, you are the customer.
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Answer:
Account Title Dr Cr
Supplies Expense (22,150+9,350-8,810)..............22690
Supplies....................................................................................22690
Interest Receivable .....................................................450
Interest Revenue .......................................................................450
Rent Revenue.............................................................$7,000
Unearned Revenue...............................................................$7,000
A tourist traveling across Germany, Austria, France, and Spain would need to know only one type of currency on her trip. The correct answer is 1 the Euro.
Answer: See explanation
Explanation:
a) What is the economic order quantity?
This will be:
= ✓[(2 × Demand × Ordering Cost)/(Holding Cost)]
= ✓(2 × 15700 × 77 / 22)
= ✓109900
= 331 approximately
b) What are the annual holding costs?
Holding Cost = Average Inventory × Holding cost for item
= 331/2 × $22
= $3641
c) What are the annual ordering costs?
This will be calculated as:
= (Annual Demand/EOQ)*Ordering Cost
= (15700 / 331) × 77
= $3652
d) What is the reorder point?
Reorder point = Daily Demand × Lead Time
= (15700/300) × 3
= 157 units
Answer:
be greater than the net operating income under variable costing
Explanation:
Under absorption costing method it includes the total cost of the product that is the fixed cost and variable cost to account for the production.
Whereas in variable costing we only consider the variable cost of production and deduct the fixed costs from the contribution margin.
As George corporation has no beginning inventory and production exceeds sales therefore cost of goods sold reduces( due to closing inventory) resulting in greater net operating income than in variable costing .
