Answer:
The correct answer is $117,500
Explanation:
According to the scenario, the given data are as follows:
Sales for august = $110,000
Sales for September = $190,000
So, we can calculate the September cash receipts by using following formula:
Cash receipt from August = $110,000 × 55% = $60,500
Cash receipt from September = $190,000 × 30% = $57,000
Total cash receipt for September = Cash receipt from August + Cash receipt from September
= $60,500 + $57,000
= $117,500
Answer:
A) The order quantity will be 40% higher.
Explanation:
the economic order quantity (EOQ) is the order quantity that should minimize total inventory costs which include both order costs and carrying inventory costs.
the formula for calculating EOQ is:
EOQ = √(2DS / H)
- D = annual demand in units
- S = order cost per purchase order
- H = holding cost per unit per year
If D doubled, that means that EOQ will increase by 41% = √2 - 1 = 0.41 or 41% ≈ 40%
Robert Rossini owner of Robert records also owns a personal residence that cost 475000 but has a market value of 625000 during preparation of financial statements for Robert records .the accounting principal most relevant to the presentation of Roberts home is the <u>Historical cost principle</u>
Explanation:
According to the the historical cost principle. The cash value of an asset(The value of the asset at the time the asset is acquired) is recorded in the financial statement and no changes in the cash value can be in case of an increase in inflation or an increase in the market value of the Asset.
In the above question the cash value of the Robert Rossin Residence is 475000 BUT the market value of the asset is 625000.
Thus it is appropriate to say that this statement is an example of the <u>Historical cost principle of Accounting</u>
Answer:
Role player Prompters
Initiator Physician Shattered Elbow
User Patient Alternate Treatments
Decider Smith union hospital Price and success rate
Buyer Material manager Specialized purchase
Influencer ElbowMed Sales Rep Surgery
Gatekeeper Vista Insurance Cost effectiveness
Answer:
Mass Customization.
Explanation:
This a part of marketing strategy or factor that allows a customer to design certain features of a product while still keeping costs closer to that of mass produced products.
Mass customization is also a process of delivering wide market goods and services which are modified to satisfy a specific customer's need. Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom made products with the low unit costs associated with mass production.
