Answer:
Option (A) is correct.
Explanation:
Given that,
Order costs for pepperoni = $10.00 per order
Carrying costs = 4 cents per pound per day
Lead time for each order = 3 days
Pepperoni itself costs = $3.00 per pound
Total Order = 80 pounds of pepperoni
Demand rate = 20
Total ordering cost = Total order × cost per order
= 80 × $10
= $800
Length of an order cycle:
= 4 days
Answer:
the amount of interest that is collected is $503.75
Explanation:
The computation of the amount of interest that is collected is shown below:
= Cash loan × number of days ÷ total number of days × rate of interest
= $31,000 × 90 days ÷ 360 days × 6.5%
= $503.75
Hence, the amount of interest that is collected is $503.75
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
D a is the correct answer I’m pretty sure
Answer:
The correct answer is letter "D": All of the answers are correct regarding a petty cash fund.
Explanation:
Petty cash funds are sums of money that are useful for businesses to take care of small payments. These payments are too low to allow a check to be written for payment. In some businesses, each department maintains its own small cash box for expenses such as office supplies per unit.
For accounting purposes, transactions involving petty cash are documented only when the petty cash was totally spent and a new fund is to be created and recorded with a voucher.