Answer:
The Total Cost of Inventory is $4,024,000
Explanation:
The computation of the total cost is shown below:
= Purchase cost + ordering cost + carrying cost
where,
Purchase cost = Annual consumption × Cost per unit\
= 80,000 × $50
= $4,000,000
Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order
= (80,000 ÷ 8,000) × $1,200
= $12,000
Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit
= (8,000 ÷ 2) × 6% × $50
= $12,000
Now put these values to the above formula
So, the value would equal to
= $4,000,000 + $12,000 + $12,000
= $4,024,000
Answer:
b) $500 is recognized in year 1 and $8,500 in year 2.
Explanation:
Calculation to determine When must Colbert recognize the income if his accounting methods are selected to minimize income recognition?
Calculation for amount recognized in year 1
Payment in year 1= $9,000 ÷ 18 months
Payment in year 1= $500
Therefore Based on the above calculation the amount recognized in year 1 will be $500
Calculation for the amount recognized in year 2
Payment in year 2 = $9,000 - $500
Payment in year 2= $8,500
Therefore The amount recognized in year 2 will be $8,500
Answer:
C. Prepaid insurance 18,000 debit
Cash 18,000 credit
Explanation:
The company will do a mistake if it reocrd this as a mistake as it will be posting an expense for an evnt that take place during the next accounting cycle (2017) As the insurance will be outstanding during that period not the one ending.
Also it is not an expense as the insurance company now has the obligation to perform if something happens So we have an asset right now, through time and as long as the insurance is not executed we will declare the expenses.
But for now, it is an asset.
Answer:
Fixed ratio
Explanation:
Fixed ratio schedule is a type of schedule where in order to achieve something you have to perform a certain procedure, a task, specified number of operations or steps etc. The above example is a fixed ratio schedule because, in order to get a 500$ ticket, it is necessary to acquire 25,000 miles by spending 25000%.
Self-knowledge is important in all walks of life.
The more an individual knows his personality, the greater his capacity for development, improvement of his abilities and reduction of his weak points.
In the social and professional scope, self-knowledge is a guide for the individual to react to life situations with greater vision, wisdom and balance.
The Four Quadrants of oneself is a model of description of the human interaction process created by psychologists that divides personal consciousness into four quadrants into:
- open,
- hidden,
- blind and
- unknown.
This technique helps in understanding the emotional and physical relationship of people with them and with other people, it is used to improve the performance of employees in companies, in a self-help context, in group therapy, etc.
Therefore, you can use the Four Quadrants model to improve your self-knowledge and personal development.
This is a personal matter, so it should be done exclusively by you!
Learn more here:
brainly.com/question/1380887
