Answer:
The following balances have been worked out from the information given in question;
Explanation:
No. of Common stocks issued $200,000/22 9,091
Paid in capital-Common Stocks 9,091*(22-1) $90,909
No. of Treasury Stock 3,000
Treasury stock 3,000*20 $60,000
EPS =$147,750/(9,091 -3,000) $24
Retained Earnings ($155,000+$147,750-$49,250) $253,500
The compound amount recieved by Jamie after 180 days is $1,466,844.98
Explanation:
We know that money in any sort of banking account earns interests in a compounding manner.
Amount at the end of time “x” is given by A= P(1+R/100)
ˣ
Where A= amount after the said time period
P= Principal
R= Rate
x= time period
One must note that “x” and “R” must be in same time-frame i.e. if the rate is compounded daily, time period must be considered daily and so on.
Substituting the values of P as $ 3000, R as 3.5%, and x as 180
Amount after 180 days= 3000 (1+3.5/100)
¹⁸⁰
Amount= $1,466,844.98
Thus, the amount is $1,466,844.98
Answer:
219 sheets
Explanation:
D = 5000 per year,
d = daily demand = 5000/365 = 13.70 sheets
T = time between orders (review) = 14 days
L = Lead time = 10 days
σd= Standard deviation of daily demand = 5 per day
I = Current Inventory = 150 sheets Service Level
P = 95% (Probability of not stocking out) q=d(L+D)z σ T+L-1
σ T+L-1= square root (T+L)=5 square root 14+10= 24.495
From Standard normal distribution, z = 1.64 for 95% Service Level (or 5% Stock out)
q=13.70*(14+10)+1.64(24.495)-150
= 218.97 →219 sheets
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