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Anna71 [15]
3 years ago
12

n Office Manager uses a Periodic Review Inventory System: they check the inventory in their Office Supply Closet once every 10 d

ays, placing an order with their supplier depending on the inventory level of the office supplies. The manager has set a restocking level of 300 post it notes for their closet. This week, the manager has counted 140 post it notes in the closet. How many post it notes will the manager order from their supplier? In other words, what is the Order Quantity?
Business
1 answer:
coldgirl [10]3 years ago
5 0

Answer: 160

Explanation:

The number of post it notes that the manager will order from their supplier will be the difference between the restocking level and the inventory at the time of review. This will be:

= Restocking level - Inventory at the time of review

= 300 - 140

= 160

Therefore, the order quantity is 160.

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The Retained earnings account has a credit balance of $23,800 before closing entries are made. Of total revenues for the period
skelet666 [1.2K]

Answer:

The ending balance in the retained earnings account is $31400.

Explanation:

The ending balance in the retained earnings accounts is equal to the opening balance of the retained earnings account plus the addition to the retained earnings for the year.

The addition to retained earnings will be the Net income less dividends.

The net income for the year was = 75200 - 55000 = $20200

Addition to Retained earnings = 20200 - 12600   = $7600

Closing balance of retained earnings = 23800 + 7600  = $31400

4 0
3 years ago
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production
masya89 [10]

Answer:

Total Equivalent Units Conversion    746,000

Explanation:

Breakfast Cereal Maker

Weighted-Average Inventory Method

Total Equivalent Units

                                     Units               Conversion     Equivalent Units

Particulars                                                   %

Units completed         620,000               100 %             620,000

<u>Add Ending WIP          180,000                70 %               126,000</u>

<u>Total Equivalent Units                                                      746,000</u>

<u />

<em>The total Equivalent units are obtained by adding the percent of the units in the ending work in process inventory to the units completed and transferred out. This is the average weighted method of finding the equivalent units.</em>

<em>As only conversion is required we found out the conversion units only.</em>

3 0
3 years ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
andreev551 [17]

The answer is sociocultural dimension. This dimension is being defined as somewhat the individual all access to progress, completion and even obstacles in which is one way of putting importance to it as this shows an individual’s way of encompassing factors that may go in his or her way.

7 0
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rodikova [14]

Answer:

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3 0
2 years ago
sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at the beginn
lesya [120]

Answer:

a. Debit deferred revenue and credit service revenue for $9000.

Explanation:

Note: The full question is attached as below

Subscription earned for 9 months = $12000 / 12 * 9

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