Answer:
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Answer:
Income Statement is attached in the pictures.
Explanation:
$3500 sum will spk record for interest expense in their december 31, 2022
Interest = $ 6000 for 12 months.
From June to December there will be 7 months due,
therefore 7/12x6000 = $ 3500
An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.
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Answer:
First-line managers operate their departments. They assign tasks, manage work flow, monitor the quality of work, deal with employee problems, and keep the middle managers and executive managers informed of problems and successes at ground level in the company.
Explanation:
Answer:
a. 300 units
b. $3,750
c. $3,750
d. 100 units
Explanation:
a. The computation of the economic order quantity is shown below:
= 
= 
= 300 units
b. For annual holding cost, first we have to find out the average inventory would equal to
= Economic order quantity ÷ 2
= 300 units ÷ 2
= 150 units
Now the Carrying cost = average inventory × carrying cost per unit
= 150 units × $25
= $3,750
c. For ordering cost, first we have to compute number of orders would be equal to
= Annual demand ÷ economic order quantity
= $15,000 ÷ 300 units
= 50 orders
Now Ordering cost = Number of orders × ordering cost per order
= 50 orders × $75
= $3,750
d. The computation of the reorder point is shown below:
= (Annual demand ÷ total number of days in a year ) × lead time
= (15,000 units ÷ 300 days) × 2 working days
= 100 units
