Answer:
$10,619.05
Explanation:
When sales is made at a tax rate of 5%, the entries to be posted in the proportion of the transaction amount
Dr Cash/ Accounts receivable 105%
Cr Sales revenue 100%
Cr Sales tax 5%
As such, if Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales, it means that the accounts contains 105%, as such, the sales tax which is the amount owed the taxing agency
= 5/105 * $223,000
= $10,619.05
Answer:
18.24
Explanation:
Sustainable growth rate is the rate of growth a company can afford in the long term
sustainable growth rate = retention rate x ROE
b = retention rate. It is the portion of earnings that is not paid out as dividends
Retention rate = 1 - payout ratio =
payout ratio = dividend / net income
retention rate = 1 - $44,640 / 72,000 = 0.38
Return on equity = net income / average total equity
= 72,000 / 150,000 = 0.48
g = 0.48 x 0.38 = 18.24%
Answer:
9 kanban
Explanation:
The calculation of the number of kanban containers needed is given below:
= (Lead time demand + Safety stock) ÷ kanban size
where,
Lead time demand is
= 1,500 radios × 1 days
= 1,500 radios
Container size = 250 radios
Safety Stock is
= 1 ÷ 2 day × 1,500 radios
= 750 radios
So, the number of kanban containers needed is
= (1,500 radios + 750 radios) ÷ (250 radios)
= 9 kanban
We simply used the above formula to find out the required kanbans
Answer:
B
Explanation:
Utility means useful, therefore the answer would be answer B. usefulness.
