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3 years ago

The trial balance for Pioneer Advertising Inc. is shown below.

Business

1 answer:

Vladimir79 [104]3 years ago

7 0

Answer:

Adjusting Entries

October 31, 2017

Supplies expense Dr $1600 ($2300-$700)

Supplies Cr $1600

October 31, 2017

Insurance expense Dr $300

Prepaid insurance Cr $300

October 31, 2017

Depreciation expense Dr $80

Accumulated depreciation Cr $80

October 31, 2017

Unearned Service Revenue Dr $600

Service Revenue Cr $600

October 31, 2017

Accounts Receivable Dr $300

Service Revenue Cr $300

October 31, 2017

Interest Expense Dr $90

Interest payable Cr $90

October 31, 2017

Salaries and Wages Expense Dr $1200

Salaries and Wages Payable Cr $1200

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3 years ago

Videoworld is a discount store that sells color televisions. The monthly demand for color television sets is 100. The cost per o

vladimir1956 [14]

Complete question:

Videoworld is a discount store that sells color televisions. The monthly demand for color television sets is 100. The cost per order from the manufacturer is $600. The carrying cost is $64 per set each year. Assume a year has 360 working days. Determine the following values rounding to the nearest integer (answer them using only numbers without any sign such as the dollar sign, comma, ...):

Q1. The optimal quantity per order: Q2. The minimum total annual inventory costs:

Q3. The optimal number of orders per year:

Q4. The optimal time between orders (in working days):

If the store had an inventory policy that allows shortages with the shortage cost per set estimated at $80, determine the following values:

5) The optimal quantity per order when the store allows shortages

6) The optimal storage level when the store allows shortages

7) The optimal number of orders when the store allows shortages

8)The optimal time between orders (in working days) when the store allows shortages.

Answer:

1) 150

2) $4,800

3) 8

4) 45 days

5) 201

6) 89

7) 6

8) 60 days

Explanation:

We are given:

Monthly demand, = 100

Cost per order, S= $600

Carrying cost, H = $64 per set/ year

Shortage cost, Cs = $80

Yearly demand will be, D= 100*12 =1200

1) The optimal quantity per order: $(Q*) = \sqrt{\frac{2*D*S}{H}}$

$= \sqrt{\frac{2*1200*600}{64}}$

$= \sqrt{22500} = 150$

2) The minimum total annual inventory cost:

Average inventory * H

Where average inventory = Q*/2

$= \frac{150}{2} = 75$

Therefore,

Average inventory * H

= 75 * 64

= $4,800

3)The optimal number of orders per year:

$= \frac{D}{Q*} = \frac{1200}{150} = 8$

4) The optimal time between orders:

$= \frac{360}{8} = 45 days$

5)The optimal quantity per order when the store allows shortages:

$Q= \sqrt{\frac{2*D*S*(H+Cs)}{H * Cs}$

$= \sqrt{\frac{2*1200*600*(64+80)}{64 * 80}$

= 201.25 ≈ 201

6) The optimal shortage level when the store allows shortages:

$= \frac{Q* H}{H* Cs}$

$= \frac{201 * 64}{64* 80}$

= 89.33 ≈ 89

The optimal shortage level when the store allows shortages = 89

7) The optimal number of orders per year when the store allows shortages:

No. of orders =

$\frac{D}{Q} = \frac{1200}{201}$

= 5.97 ≈ 6

Optimal number of orders per year = 6

8) The optimal time between orders (in working days) when the store allows shortages:

Time between orders = Number of working days/ Number of orders

$= \frac{360}{6} = 60$

The optimal time between orders (in working days) = 60 Days

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3 years ago

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nirvana33 [79]

Answer:

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