What are 2 ways to add a customer to QuickBooks Online?

Ray's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (Model TS111). Ray has esti

Julli [10]

Answer:

Ray should place 32 orders each time.

Explanation:

number Ray should order each time

= sqrt(2*Annual Demand*Ordering Cost /Carrying cost per unit per annum )

= sqrt(2*1,174*$24/$55)

= 32

Therefore, Ray should place 32 orders each time.

5 0

3 years ago

At the end of the fiscal year, variances from standard costs are usually transferred to the Group of answer choices factory over

Tatiana [17]

Answer: Cost of goods sold account

Explanation:

When a company is operating a Standard Cost system, all their inventory accounts will be recorded at their standard costs.

The Variances that exist between the Standard and Actual costs will be recorded in the variance accounts as well as the manufacturing overhead account.

At the end of the fiscal year, the balances on these accounts are sent to the Cost of Goods sold account to reflect true cost.

5 0

3 years ago

1. Suppose that 10 years ago you bought a home for $150,000, paying 10% as a down payment, and financing the rest at 8% interest

Ierofanga [76]

Answer:

1. Down payment = $15,000

2. The existing mortgage (loan) was for $135,000

3. The current monthly payment on the existing mortgage is $990.58

4. The total interest over the life of the existing loan = $221,609.58

6. The amount of the original loan paid off is $22,319.

7. Total amount paid to the loan company over the last 10 years is $258,928.58 ($243,928.58 + $15,000)

8. Total interest paid over the last 10 years is $221,609.58

9. The equity in the home is $67,319 ($180,000 - $112,681)

10. The new monthly payments will be $675.58

11. Saving each month because of the lower monthly payment is $315 ($990.58 - $675.58)

12. Total Interest = $352,137.21 ($221,609.58 + $130,527.63)

13. It does not make sense to refinance because what is saved per month cannot compare with the additional interest expense to be incurred for prolonging the payments.

Explanation:

a) Data and Calculations:

1. Cost of a home = $150,000

10% down payment = $15,000

Existing Mortgage = $135,000 ($150,000 - $15,000)

Home Price 150000

Down Payment 10 %

Loan Term 30 years

Interest Rate 8%

House Price $150,000.00

Loan Amount $135,000.00

Down Payment $15,000.00

Total of 360 (30 years * 12)

Mortgage Payments $356,609.58

Total Interest $221,609.58

Ten years after, the loan balance has been reduced by $22,319 ($135,000 - $112,682)

Refinancing calculations:

Home Price 112681

Down Payment 0 %

Loan Term 30 years

Interest Rate 6

Monthly Pay: $675.58 Monthly

Total Mortgage Payment $243,208.63

Total Out-of-Pocket $243,208.63

Total of 360 Mortgage Payments $243,208.63

Total Interest $130,527.63

4 0

3 years ago

What is the difference between an increase in demand and an increase in quantity demanded?.

Setler [38]

Answer:

Quantity Demanded is a shift up/down a demand curve

Increase in Demand is a shift in the curve itself.

Explanation:

There will be an increase in Quantity Demanded when price goes down. There is a Quantity Demand change when there is a price change. (QD goes up when Price goes down, QD goes down when price goes up)

An increase in demand is when one of the shifters of demand change. So for example, if number of consumers (one of the shifters) increase, the demand curve increases, and shifts right, meaning more quantity at each pricepoint.

4 0

2 years ago

Coed Scents, a national producer of young adult perfumes and colognes, needs to determine if it would be cheaper to produce 100,

melisa1 [442]

Answer:

Coed Scents

1. The alternatives for Coed Scents are to reduce cost of internal production or to renegotiate the external purchase price.

2. Relevant costs Internal External

Total Cost Unit Cost

Direct materials $2,000,000 $20.00

Direct labor 350,000 3.50

Variable manufacturing overhead 150,000 1.50

Total cost $2,500,000 $25.00 $2,500,000 $25.00

3. No alternative is more cost-effective. However, Coed Scents can reduce cost of internal production (materials, labor, and variable overhead).

4. Internal production becomes more cost-effective with this additional costs from outsourced production.

The cost-effectiveness amounts to $350,000.

Explanation:

a) Data and Calculations:

Production units of Two AM = 100,000 bottles

Purchase price of outside supplier = $25

Total Cost Unit Cost

Direct materials $2,000,000 $ 20.00

Direct labor 350,000 3.50

Variable manufacturing overhead 150,000 1.50

Variable marketing overhead 250,000 2.50

Fixed plant overhead 300,000 3.00

Total $3,050,000 $30.50

Relevant costs Internal External

Total Cost Unit Cost

Direct materials $2,000,000 $20.00

Direct labor 350,000 3.50

Variable manufacturing overhead 150,000 1.50

Total cost $2,500,000 $25.00 $2,500,000 $25.00

5 0

3 years ago