Al-Haidari Catering Company planned to purchase its needs from one of the materials involved in its production according to the economic quantity of the order (EOQ) at a rate of (2500) kg each time at a price of (50) dinars per kg. The costs of issuing the supply order were estimated at 180 dinars, while the cost of storage was estimated at (12%). of the average value of inventory. Required: a- Find the annual needs of the material. b- Find the total cost
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- In the last 12 months the quantities shown inTable 1 of light vehicles of a brand "R" were sold in the national territory.The selling price of each R vehicle is 12590€. The production cost(including raw material cost) of one is 7730€. The company usesown transportation to transport the vehicles worth 420€, andgiven the distance to the factory, takes on average, 8days, with a standard deviation of 2 days. Storage until saleis estimated at 150€/unit.year. The companyfinancial loans at an annual rate of 2.2%. Consider that ayear has 264 working days.a) Determine the economic order quantity.b) Consider that a service level of 85% (Z=1.036) is to be ensured using a continuous reviewinventory management policy of continuous review. Determine:i. The order point.ii. The economic order quantity considering stock-outs. Month Sales Month Sales 1 2235 7 3078 2 3206 8 2366 3 4298 9 1966 4 3309 10 2149 5 3640 11 2387 6 4038 12 24921.Nestle Pakistan Limited is Knownexample of. A)Merchandise B)Whole seller C)Manufacturing D)Service 2. is used to differentiate between tangible assets and inventories. A)The nature of the company's activity B)The moment in the accounting period when the asset is acquired C)The acquisition cost of the asset D)The physical substance of the asset Explain with correct optionDisscus the possbile causes of the following production waste 4.1.2 Overproduction waste
- The children's buyer licensed tee shirt order was invoiced on June 25 for $10,600. The terms on the order were 8/10 EOM. How much should the buyer pay if the order is paid on time by the due date?1. 10.1.2020 Purchase of land worth € 150,000 in cash. Payment of 3% transfer costs, 1% notarial costs and 0.5% settlement costs of the property (e.g. land registry). Payment of 2% for real estate and 1250€ for legal services. 31.01.2020 Payment of 10.000€ for earthworks for the improvement of land. 28.02.2020 Payment 21.000€ for land fencing 28.02.2020 Payment of € 500 to the accountant of the business as a monthly fee and registration in the books of the company of the above transactions. 01.03.2020 Payment for building construction by a technical company. The cost of the materials is 600.000€ while the fee of the technical company is 150.000€. Construction completed 30.08.2020. The building was delivered on 30.09.2020 where the company began its use. 01.11.2020 Payment for the import of machine A with an invoice value of 95.000€. The cost of transporting the machine to the factory amounted to € 2000, which was paid directly in cash the amount of € 1500. The intermediary bank…Victor Pimentel uses 1,500 units per year of a certain subassemblythat has an annual holding cost of$45 per unit. Each orderplaced costs Victor $ 150. He operates 300 days per year and hasfound that an order must be placed with his supplier 6 working daysbefore he can expect to receive that order. For this subassembly, find:a) Economic order qua ntity.b) Annual holding cost.c) Annual ordering cost.d) Reorder point.
- SIC Code No. Emp. No. Prod. Wkrs. Value Added by Mfg. Cost of Materials Value of Indus. Shipmnts New Cap. Exp. End Yr. Inven. Indus. Grp. 201 433 370 23518 78713 4 1833 3630 1 202 131 83 15724 42774 4 1056 3157 1 203 204 169 24506 27222 4 1405 8732 1 204 100 70 21667 37040 4 1912 3407 1 205 220 137 20712 12030 4 1006 1155 1 206 89 69 12640 13674 3 873 3613 1 207 26 18 4258 19130 3 487 1946 1 208 143 72 35210 33521 4 2011 7199 1 209 171 126 20548 19612 4 1135 3135 1 211 21 15 23442 5557 3 605 5506 2 212 3 2 287 163 1 2 42 2 213 2 2 1508 314 1 15 155 2 214 6 4 624 2622 1 27 554 2 221 52 47 2471 4219 2 292 929 3 222 74 63 4307 5357 2 454 1427 3 223 13 12 673 1061 1 20 325 3 224 17 13 817 707 1 84 267 3 225 169 147 8986 10421 3 534 2083 3 226 51 41 3145 4140 2 220 697 3 227 55 44 4076 7125 2 176 1446 3 228 84 76 3806 8994 2 423 1014 3 229 61 47 4276 5504 2 464 1291 3 231 27 22 1239 716 1 22 356 4 232 200 178 9423 8926 3 200 2314 4 233 294…49 The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $7.00 a box. The lettuce is sold for $18.00 a box and the dealer that sells old lettuce is willing to pay $2.00 a box. Past history says that tomorrow's demand for lettuce averages 255 boxes with a standard deviation of 40 boxes.GIANTS, a sole trader extracted the following trial balance from her books at the close of business on 31st December, 2016: Dr Cr GHȻ GHȻ Purchases and sales 61,420 127,245 Inventory 1 January, 2016 7,940 Capital 1 January, 2016 25,200 Bank overdraft 2,490 Cash 140 Discounts 2,480 62 Returns 3,486 1,356 Carriage outwards 3,210 Rent and insurance 8,870 Allowance for doubtful debts 630 Fixtures and fittings 1,900 Van 5,600 Accounts receivable and trade payable 12,418 11,400 Drawings 21,400 Wages and salaries 39,200 General office expenses 319 168,383 168,383 Additional information: (a) Inventory 31st December, 2016 GHȻ 6,805 (b) Wages and salaries accrued at 31st December, 2016 GHȻ 3,500; Office expenses GHȻ 16 (c) Rent prepaid 31st December, 2016 GHȻ 600 (d) Increase in allowance for doubtful debts by GHȻ 110 to GHȻ 740 (e) Provide for depreciation as follows: Fixtures and fittings GHȻ 190 and Van GHȻ 1,400 5 Required: a) Prepare the income statement…
- chapter 5 12. A buyer needs to average a 44% markup. She has purchased 25 flannel robes that cost $18.50 each and 32 fleece robes that cost $24 each. If she retails the flannel robes for $29 each, what must be the average retail for each fleece robe in order to achieve the planned markup? Present your answer with a dollar-sign, comma separator, and rounded to the penny (i.e. $1,250.88).The Gray Ferrari I t all got started when Robert L. Johnson had dinner at Mr. K’s Chinese restaurant with Michael Jordan of the Washington Wizards and David Falk, the leading sports agent. When the discussion turned to cars, Johnson mentioned his interest in getting a Ferrari. Both Falk and Jordan recommended their respective dealers but Johnson found the going tough. Only a select number of Ferraris are made annually, and the automaker limits how many are sold through U.S. dealers to about 1,000 units. In practice, anyone placing an order would have to wait over two years for delivery for a car that would cost $200,000 to $300,000 depending on the model. A New Jersey dealer had a Ferrari available, but, at $300,000, Johnson felt the price was too high. Michael Jordan’s dealer had a 360 Modena available for $160,000. Although he bought it, it was not exactly what he had wanted because the Modena is not a convertible. Franco Nuschese, the owner of Georgetown’s…Carriage and insurance paid to (CIP) are one of the terms of sale is used in place of which of the following? A. Free alongside ship (FAS) B. Cost, insurance, and freight (CIF) C. Cost and freight (CFR) D. Free onboard (FOB)