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2 years ago

Ifre chapter 1, conceptual multiple

Business

1 answer:

geniusboy [140]2 years ago

5 0

Answer:

Explanation:

When the future revenue producing ability of the inventory is above its original cost the

companies should reports their inventory value with LCNV method.

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When reviewing a business communication, it is best to seek feedback from Multiple select question. random strangers, asking the

OLga [1]

Yes. This is correct.

6 0

2 years ago

A company uses the finite replenishment model to determine the optimal quantity to produce. There are days a year over which dem

SVEN [57.7K]

Answer:

16.1 days

Explanation:

Note: The full question is attached as picture below

Daily demand d = 520

Annual demand D = 520*250 = 130000

Setup cost S = $680

Production rate p = 875

Holding cost H = 0.25*25 = 6.25

Optimal order quantity Q

$Q = \sqrt{2DS/H}$ $\sqrt{p / p -d}$

$Q = \sqrt{(2*130000*680)/6.25} \sqrt{875/875-520}$

Q = 8350

Length of production run = Q/d

Length of production run = 8350/520

Length of production run = 16.05769230769231

Length of production run = 16.1 days

8 0

3 years ago

Brooks Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and

Anettt [7]

Answer and Explanation:

Brooks Corporation

1. The 2014 cash-basis journal entries will be:

Date Description Debit Credit

2014

DR Cash $1,402,610

($3,110 x 451)

CR Sales Revenue $1,402,610

No Journal entry is recorded for the possible warranty expense in a situation where the cash-basis is used.

2. The 2014 accrual method journal entries will be:

Date Description Debit Credit

2014

DR Cash $1,402,610

CR Sales Revenue $1,402,610

2014

DR Warranty expenses 165,968

($368 x 451)

CR Accrued Warranty Expense 165,968

3. On December 31, 2014, financial statements, there will be an Accrued Warranty Liability in which it will be classified as a current liability unless in a situation where the company can reasonably estimate which portion will be spent in the second year of the warranty period, in which case that portion can be classified as a long-term liability.

4. The 2014 cash-basis journal entries will be:

Date Description Debit Credit

2015

DR Warranty Expense 65,120

CR Wages Expense 41,080

CR Inventory 24,040

5. The 2014 accrual method journal entries will be:

Date Description Debit Credit

2015

DR Accrued Warranty Expense 65,120

CR Wages Expense 41,080

CR Inventory 24,040

6 0

3 years ago

The goal of the managers of a publicly owned company should be to maximize the firm’s.

Rainbow [258]

The goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.

<h3>What is a publicly owned company?</h3>

A public company, also known as a publicly traded company, publicly owned company, publicly listed company, or public limited company, is a company whose stock is freely listed on a stock exchange or in over-the-counter marketplaces.
A public (publicly traded) company may or may not be listed on a stock exchange (listed company), which facilitates share trading (unlisted public company).
Public companies of a certain size must be listed on an exchange in some jurisdictions.
In most cases, public companies are private enterprises in the private sector, and the term "public" emphasizes their public market reporting and trading.
A publicly traded company's managers should strive to maximize the firm's common stock value.

Therefore, the goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.

Know more about the publicly owned companies here:

brainly.com/question/1361751

#SPJ4

7 0

1 year ago

Find the principal needed now to get the given amount; that is, find the present value.To get $ 90 after 2 and three fourths y

Kisachek [45]

Explanation:

For continuous compounding, we use the following formula

$FV_{N} = PVe^{i N}$