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3 years ago

Required information Skip to question [The following information applies to the questions displayed below.]

Business

1 answer:

Dimas [21]3 years ago

8 0

Answer:

($148 million)

Explanation:

Calculation to determine Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021

Cash flow from Investing activities ($ Million)

Proceeds from sale of land 12

Purchase of Investment (160)

Net cash inflows (outflows) from Investing activities ($148)

Therefore Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021 will be ($148 million)

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Answer:

Annual demand (U) = 90.000 bags

Cost of each bag = $1.50

Inventory carrying cost per unit(C) = $1.50 × 20% = 0 30

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Part A)

$EOQ = \sqrt{\frac{2UO}{C}}$

$EOQ = \sqrt{\frac{2 * 90000 * 15}{0.30}}$

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Maximum inventory = EOQ + Safety inventory on hand

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Average inventory = Maximum inventory + Minimum or Safety /2

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Part D)

How often company order = Annual demand / EOQ

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On August 1, 20Y7, Rafael Masey established Planet Realty, which completed the following transactions during the month:

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Cr Cash 3,000

e. Dr Account payable 1,150

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f. Dr Dividend 1,800

Cr Cash 1, 800

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Cr Cash 1,900

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Preparation of Journal entry

a. Dr Cash 17,500

Cr Common Stock 17,500

b. Dr Supplies 2,300

Cr Account payable 2,300

c. Dr Cash 13,300

Cr Sales commission 13,300

d. Dr Rent expense 3,000

Cr Cash 3,000

e. Dr Account payable 1,150

Cr Cash 1,150

f. Dr Dividend 1,800

Cr Cash 1, 800

g. Dr Automobile expense 1,500

Dr Miscellaneous expense 400

Cr Cash 1,900

(1,500+400)

h. Dr Salaries expense 2,800

Cr Cash 2,800

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Cr Supplies 1,050

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A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity.

<h3>What is Standard Operating Procedures?</h3>

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