The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual interest are all examples of voluntary associations. They worked together as volunteers in a form of union or agreement working together for a unified purpose or mutual interest.
Answer:
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Explanation:
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Answer:
The sofware-relate cost to capitalized will be 1,300,000
Explanation:
<u>The cost than a business can capitalize will stop once the testing phase is complete.</u>
The production cost, are cost of the period. It will not be capitalize through intangible asset software.
<u>Post-implementation.</u> The cost after the implementation of the software will be treated as expenses. The 275,000 maintenance and customer support will not be capitalized. It will be treated as expense
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The software amount will be 1,300,000 which is the value of the cost incurred in the testing phases
Answer:
The value assigned to ending inventory if Niles uses "weighted average" is $320 ( to 160 units @ $2 )
Explanation: Number of units Price per unit Total
Purchases on March 1 = 110 $1.10 $1,21
Purchases March 7 = 210 $2.10 $441
Purchases March 16 = 110 $2.70 $297
Inventory on March 31 = 160 $2.00 $320
Weighted Average Inventory value = Accumulated Value / Total Number of units
Weighted Average Inventory value = ( 121 + 441 + 297 ) / ( 110 + 210 + 110 )
Weighted Average Inventory value = 1.997674419 = $2.00
Answer:
A) 100
Explanation:
total sales 3,600 units
cost per unit $200
cost of placing order $40
holding cost $20 per year
working days 360 per year
lead time 5 days
If Mark orders 200 units each time, his average inventory ?
daily sales = total sales / working days = 3,600 / 360 = 10 units per day
number of orders per year = 3,600 / 200 = 18
Mark places one order every = 360 days / 18 orders = 20 days
average inventory = (200 units / 20 days) x 10 days = 100
I assume that mark has some type of safety stock that allows him to hold enough inventory to cover for the 5 day lead time.
