Answer:
Reorder point is 40
Explanation:
Reorder point is the level of inventory which trigger the purchase of new inventory.
The formula for Reorder point is
Annual demand * Leadtime + Safety Stock
Reorder Point = 1040 / 365 * 14 days + 0
= 40.
The lost sales cost is $50 in goodwill, Furnco should keep a safety stock of at least 30 chairs in order to meet demand level.
Answer:
A) Comparability.
Explanation:
According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.
If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.
Sales decrease by 20 if temperature increases by 10 degrees
plico acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. philco uses the double-declining balance method.the depreciation rate on the equipment is 25%.
(1.00 / 8 years) x 200% = 25%
What is double-declining balance method?
A method of accounting known as the double declining balance (DDB) depreciation method entails depreciating some assets at a rate that is twice that of straight-line depreciation. As a result, depreciation increases during the first year of ownership and decreases thereafter.
Therefore,
The depreciation rate on the equipment is 25%.
To learn more about double-declining balance method from the given link:
brainly.com/question/24296752
Answer:
See attached picture.
Explanation:
See attached picture for explanation.