Answer:
$109,700
Explanation:
Pharoah Company Outstanding checks on bank reconciliation:
Formula for Outstanding checks on bank reconciliation will be:
Outstanding checks on bank reconciliation = Total checks outstanding+Checks issued during month -checks cleared during the month
Hence,
= $42,200+$263,900-$196,400
= $109,700
Therefore the amount of outstanding checks on Pharoah Company's bank reconciliation should be $109,700
Answer:
selling price of this car is $22700
Explanation:
given data
zero interest = 72 months
monthly payment = $350
market interest rate = 3.5% per year = 0.2917 % per month
time = 6 year = 72 months
solution
we get here present value of annuity that is
present value annuity = ( 0.2917 % per month , 72 months )
present value annuity = 64.8568
so here selling price of car is
selling price = monthly payment × present value annuity ............1
selling price = $350 × 64.8568
selling price = $22700
so selling price of this car is $22700
Answer:
The benefits of Inventory Pooling includes:
- centralizing inventory into fewer locations thus reducing safety stocks and the amount of inventory needed in the supply chain.
- Pulling back inventory when firms have too much at retail level.
Explanation:
inventory pooling is an operational strategy used to increase efficiency in stock management and analysis.
It is a supply chain tool that consolidates multiple inventory locations into a single one.
It is a centralized system that helps with stock keeping. It makes projections easier and helps manage shortfalls that may arise due to demand uncertainty.
It is cost effective by reducing cost of employing more staff and reduces the percentage error due to the centralized portal.
By reducing operational costs, profit is maximized.
Answer:
$ 2,504,000
Explanation:
Budgeted overhead= $2,375,000
FOH budget variance= $129,000
Actual amount of fixed overhead= $2,375,000+$129,000
=$ 2,504,000
Therefore the actual amount of fixed overhead will be $ 2,504,000
Answer:
For how many days must the count have been overdue assuming the supplier uses a 365-day year? 50 days
Explanation:
ACCOUNT 512
% Interest 15%
Annual interest 76,8
76,8 365
10,52 x
X=50 days
