Answer:
The closest answer is 49.
Explanation:
Given that,
Annual demand, D = 43,000 units
Ordering cost, O = $200
Per unit cost of the item = $50
Annual holding cost, H = annual holding rate × Per unit cost of the item
= 35% × $50
= $17.5
= 991.39
= 992 units
Therefore,
Number of orders per year = Annual demand ÷ EOQ
= 43,000 ÷ 992
= 43.34
Hence, the closest answer is 49 and this is not given in the question.
Answer:
We are given all the details of the activity and the results of those activities, like the cost and revenue.
The multi step income statement shall be as follows:
Income:
Revenue from Sales = $2,391,000
Other Income = $0
Total Revenue = $2,391,000
Expenses:
Cost of goods sold = $1,168,860
$23 50,820
Selling and Administrative = $303,100
Interest Expense = $13,060
Total Expenses = $1,485,020
Net Income before Taxes = $905,980
Less: Taxes on income = $220,400
Income from Continuing Operations = $685,580