Answer:
B, B
Explanation:
If Cuba decides to open up trade with the world grapefruit market, the price of domestic Cuban grapefruit for consumers will Increase because the opening of trading with the world will decrease amount of grapefruit available for the people in Cuba thereby creating shortage which will lead to increase in price. Cuban exports of grapefruits will Increase by virtue of opening to the rest of the world.
Answer:
$16.9 per widget
Explanation:
Given that,
Beginning inventory = $2,500
Purchases = $156,000
Ending inventory = $38,200
Sales Revenue = $783,000
Selling and Administrative Expenses = $5,400
Total cost of the 7,100 widgets:
= Beginning inventory + Purchases - Ending inventory
= $2,500 + $156,000 - $38,200
= $120,300
Therefore,
Cost of one widget = Total cost of the 7,100 widgets ÷ Number of widgets
= $120,300 ÷ 7,100
= $16.9 per widget
Answer:
Annual demand (U) = 90.000 bags
Cost of each bag = $1.50
Inventory carrying cost per unit(C) = $1.50 × 20% = 0 30
Ordering cost per unit (O) = $15
Part A)
EOQ = 3,000
Part B)
Maximum inventory = EOQ + Safety inventory on hand
Maximum inventory = 3000 + 1000
Maximum inventory = 4.000
Part C)
Average inventory = Maximum inventory + Minimum or Safety /2
Average inventory = 4,000 + 1,000 / 2
Average inventory =2,500
Part D)
How often company order = Annual demand / EOQ
How often company order = 90,000 / 3.000
How often company order = 30
She follows the Detour signs around the Work Area.
Answer: a. Accounts Receivable
Explanation:
The Direct Write-off method is usually used by businesses where Uncollectible Receivables are not common. This way when it does occur, they simply debit the Bad Debts accounts and credit the Accounts Receivables to show the event.
This method of Accounting violates the Matching Principle under the Accrual basis because it usually does not recognize bad debts in the same period that the inventory was sold. It only records bad debts when they are declared which could be periods afterwards.
