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2 years ago

Shrawan I : Buiness started with cash Rs 7000

Business

1 answer:

Bas_tet [7]2 years ago

7 0

<h3>Answer:</h3>

Cash A/C Dr

To capital A/C

<h3>Explanation:</h3>

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g Declaring bankruptcy by the bond issuing firm ______ . a. has no impact on value of its bonds b. increases the value of its bo

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2 years ago

Southeastern Bell stocks a certain switch connectorat its central warehouse for supplying field service offices. Theyearly deman

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a. 300 units

b. $3,750

c. $3,750

d. 100 units

Explanation:

a. The computation of the economic order quantity is shown below:

= $\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

= $\sqrt{\frac{2\times \text{15,000}\times \text{\$75}}{\text{\$25}}}$

= 300 units

b. For annual holding cost, first we have to find out the average inventory would equal to

= Economic order quantity ÷ 2

= 300 units ÷ 2

= 150 units

Now the Carrying cost = average inventory × carrying cost per unit

= 150 units × $25

= $3,750

c. For ordering cost, first we have to compute number of orders would be equal to

= Annual demand ÷ economic order quantity

= $15,000 ÷ 300 units

= 50 orders

Now Ordering cost = Number of orders × ordering cost per order

= 50 orders × $75

= $3,750

d. The computation of the reorder point is shown below:

= (Annual demand ÷ total number of days in a year ) × lead time

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= 100 units

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3 years ago

To provide external shareholders with relevant, reliable, consistent, and comparable financial information, the accounting profe

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GAAPs were prescribed by Financial Accounting Standard Board (FASB) of the United States. The accountants of public companies in United States are supposed to abide by GAAP principles while compiling accounts and preparing financial statements.

Thus, GAAPs lay emphasis upon presenting financial information which is relevant to the shareholders, which is true and can be relied upon , which is consistent and which can be compared to deduce past trends and for forming opinions and arriving at conclusions.

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2 years ago

Shrawan I : Buiness started with cash Rs 7000​

Shrawan I : Buiness started with cash Rs 7000