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Mrrafil [7]
2 years ago
14

Which of these statements about pipeline inventory is best? A. Changing an item's lot size does not directly affect the average

level of the pipeline inventory. B. Pipeline inventory exists to avoid customer service problems. C. None of the other options D. Pipeline inventory is used to even out volatile fluctuations in supply or demand. E. Shorter lead times create more pipeline inventory.
Business
1 answer:
Eddi Din [679]2 years ago
6 0

Answer: Changing an item's lot size does not directly affect the average level of the pipeline inventory.

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The cost accountant for Angie’s Apparel has compiled the following information for last month's operations. Administrative costs
morpeh [17]

Answer:

Given that,

Administrative costs = $72,000

Merchandise inventory, July 1 = 28,000

Merchandise inventory, July 31 = 25,000

Merchandise purchases = 630,000

Sales commissions = 43,500

Sales revenue = 944,000

Store rent = 13,900

Store utilities = 3,100

Transportation-in costs = 5,300

1. Cost of goods sold statement:

For the Month Ended July 31,

Total cost of goods purchased = Merchandise purchases + Transportation-in

                                                    = 630,000 + 5,300

                                                    = $635,300

Cost of goods available for sale = Merchandise inventory, July 1  + Total cost of goods purchased

                                                      = 28,000 + $635,300

                                                      = $663,300

Cost of goods sold = Cost of goods available for sale - Merchandise inventory, July 31

                                = $663,300 - $25,000

                                = $638,300

2.  Income statement:

For the Month Ended July 31,

Gross margin = Sales revenue - Cost of goods sold

                      = 944,000 - $638,300

                      = $305,700

Marketing and administrative costs = Administrative costs + Sales commissions + Store rent + Store utilities

                                                          = $72,000 + $43,500 + $13,900 + $3,100

                                                          = $132,500

Operating profit = Gross margin - Marketing and administrative costs

                           =  $305,700 - $132,500

                           = $173,200

4 0
2 years ago
irs guidelines require specific information to substantiate deductible automobile expenses. which 3 items are included in the su
mestny [16]

The three items that are included in the substantiation requirements are:

  • Date Placed in Service
  • The total mileage; and
  • Vehicle Type.

<h3>What is IRS guidelines?</h3>

Internal Revenue Service Guidelines are guidelines that individuals and corporates must follow in order to be compliant with the requirements of the IRS.

Thus, it is correct to indicate that according to the IRS Guidelines, the three items that are included in the substantiation requirements are:

  • Date Placed in Service
  • The total mileage; and
  • Vehicle Type.

Learn more about substantiation requirements at:
brainly.com/question/1297571
#SPJ12

4 0
2 years ago
The most recent income statement for the Chicago Branch of Illinois State Bank is presented below: Sales $65,000 Variable costs
olya-2409 [2.1K]

Answer:

Operating income will be decreased by $19,000

Explanation:

Prior to elimination of Chicago branch Loss = $3,000

After eliminating chicago branch (Unavaoidable fixed costs will still be incurred) loss = $22,000

Difference = $3,000 - $22,000 = $19,000(decrease)

4 0
2 years ago
Question 6 of 10
kirza4 [7]

Answer:

the answer on mine was D

Explanation:

3 0
2 years ago
Read 2 more answers
The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket, and has an average of 433 riders a day. Th
cupoosta [38]

Answer:

Absolute value of the price elasticity of demand = 6.8 (ELASTIC)

Explanation:

<em>(See attached)</em>

Download docx
3 0
3 years ago
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