es 250 day
Q: Suits Inc. expect to sell 8,500 units for $190 each in January, 2,500 suits for $200 each in…
A: Cash budget show the expected cash receipts and cash payments on the basis of past experience and…
Q: The TOPSHOP company has a monthly demand for an item of 1,000 units/month. This company operates…
A: Answer 3A For the given quantity discount =12% is applies Actual unit price =$10Discount…
Q: Manitoba Transport collects 75% of its monthly sales immediately and the rest at the end of the…
A: Break-Even Sales - Break-even sales defined as the sales at which the company covers only the…
Q: Bulldogs Inc. expects to use 48,000 boxes of chocolate per year costing P12 per box. Inventory…
A: Total Boxes = 48,000 Cost per Box = P12 Inventory carrying cost = 20% Safety stock = 2,400 Order per…
Q: Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for…
A: Introduction: Ending inventory is the cost of goods on hand just at end of a reporting period. A…
Q: Octopus Company provides you with the following information regarding its inventory Maximum lead…
A: a) Economic order quantity or EOQ is the optimal quantity of inventory to be ordered. EOQ helps…
Q: GB Inc. sells 12,000 gallons of ice cream each month from its central storage facility. Monthly…
A: The question ia related to total cost of inventory. Before we proceeds we have to calculate the…
Q: A store sells a product that has the annual demand of 16,156 units. It purchases the product from…
A: At EOQ, total ordering cost and carrying cost is minimum. Total ordering and carrying cost can be…
Q: A. Genesis Company is a wholesaler. It purchases 60,000 units of Product X per month for sale to…
A: Hi student Since there are multiple questions, we will answer only first question. Since first…
Q: Scouts Corp. projects its sales to be 1,000 units this year. As a result of holding inventories,…
A: Part 1:-Reorder Point It is the level of inventory at which we need to replenish the inventory…
Q: mith Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory carrying…
A: Inventory carrying cost is the cost of keeping items in stock. The larger the volume of inventory,…
Q: Carrefour estimates an annual demand of a grocery product at 4800 kgs. It costs RO 100 to make and…
A: Inventory level at which business should place order is known as reorder point in business.
Q: Samuelson has a beginning inventory balance on January 1 of 12,000 units and desires an ending…
A: Given information: Beginning inventory on January 1 is 12,000 units, End balancing of 20% of the…
Q: Truliant Co. sells a product called Withitall and has predicted the following sales for the first…
A: The correct answer is Option (a).
Q: Cahuilla Corporation predicts the following sales in units for the coming four months: April May…
A: Working:
Q: LA Company, which plans to sell 200,000 units of finished product in July, anticipates a growth rate…
A: The production budget is prepared to estimate the number of units to be produced during the period.
Q: ulldogs Inc. expects to use 48,000 boxes of chocolate per year costing P12 per box. Inventory…
A: The total variable cost of production refers to the production cost that changes with the change in…
Q: A company starts the year with twenty units of inventory costing $20 each. In January, ten of these…
A: Particulars Units Price per unit Total value Beginning inventory 20 $20 $400…
Q: Suits Inc. expect to sell 8,500 units for $190 each in January, 2,500 suits for $200 each in…
A: Cash receipts refers to a form of evidence of purchased issued by the buyer when paid in cash. It is…
Q: Carrefour estimates an annual demand of a grocery product at 4800 kgs. It costs RO 100 to make and…
A: Level of inventory at which business should place order for the inventory is known as Reorder point.
Q: Forrest Company manufactures phone chargers and has a JIT policy that ending inventory should equal…
A: Production budget: It reflects the number of units of the goods that should be manufactured by the…
Q: Sales of Suzhu Corp are expected to be 6,000 units for the month. The company woud like to maintain…
A: A production plan is the schedule of production which includes the bifurcation of units to be…
Q: GGG Company Assume that the firm is expecting to have the following quarterly unit sales with a…
A:
Q: GB Inc. sells 12,000 gallons of ice cream each month from its central storage facility. Monthly…
A: The question is related to total cost of inventory per month. Before we proceeds we have to…
Q: Green Tees, an on line retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer.…
A: Ordering Cost is a type of expenditure used in computation of Economic Order Quantity (EOQ). It…
Q: Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May.…
A: Units sold in March = Total units - (units sold in January + units sold in feb + units sold in april…
Q: Cahuilla Corporation predicts the following sales in units for the coming four months: Sales in…
A: Budgeted Production units :— It means estimated Units of Product Manufactured Or Produced. It is…
Q: Cool Stuff, Inc. uses 800 units of a product per year on a continuous basis. The product has…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Crawford Steel Corp. buys inventory of 40,000 units annually. The purchase price per unit is $3.00…
A: Inventory Management: Inventory management tools like the economic order quantity, the reorder level…
Q: ClipClop record in connection with the April sale? $7,680 $20,000 $0 because ClipClop does not know…
A: As per relevant standard if the entity believes that it is probable that a discount will be provided…
Q: TS Co has daily demand for ball bearings of 40 a day for each of the 250 working days (50 weeks) of…
A: We have the following information: TS Co has daily demand for ball bearings of 40 a day for each of…
Q: Carmen is a retailer of scrapbooking products. The sales forecast for the coming months is: Revenues…
A:
Q: XYZ Inc. needs 400 kgs of a material per month. It costs OMR 100 to make and receive an orderand it…
A: Correct option is as fallows Re order point = average daily sales × lead time + safety stock
Q: Bulldogs Inc. expects to use 48,000 boxes of chocolate per year costing P12 per box. Inventory…
A: Solution:- Carrying cost of inventory means the cost incurred in order to store the inventory.
Q: MNO Company forecast sales in units for July to November as follows: Units…
A: Production budget is that budgeted statement which helps the manufacturing unit to infer about…
Q: a) Sharam Industries has a 120-day operating cycle. If its average age of inventory is 50 days, how…
A: Cash flows are the cash generated from the operation of the business organisation. In other words,…
Q: Scouts Corp. projects its sales to be 1,000 units this year. As a result of holding inventories,…
A: In basic terms we have to maintain our inventory by managing properly so that we don't get overstock…
Q: Octopus Company provides you with the following information regarding its inventory Maximum lead…
A: Answer d) Computation of total ordering cost is as follows: Total ordering cost =No. of orders…
Q: Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for…
A: Purchase units: The purchase units are determined by preparing a purchase budget. This can be used…
Q: A book publishing company is planning its inventory. The cost to store one book is $4 per month. The…
A: Economic order quantity (EOQ) is a technique used to determine the number of units require to order…
Q: Bulldogs Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory…
A: Carrying cost includes cost of store staff Interest of the locked up capital Cost of obsolescence…
Q: Suppose that the R&B Beverage Company has a soft drink product that shows a constant annual demand…
A: Economic order quantity (EOQ) is a computation that businesses use to determine their ideal order…
Q: HOM Enterprises estimated the following sales for the first six months of 2022: Month Estimated…
A: The cash budget is prepared by the management to estimate the expected cash collection and cash…
Q: Octopus Company provides you with the following information regarding its inventory: Maximum lead…
A:
ABC operates 250 days in a year and sells an average of 500 units each day. On better days, sales may reach 800 units. The supplier delivers the inventory within 3 to 6 days after receiving the purchase orders from ABC but the average time is 4 days. Assuming normal operations, what would the expected minimum inventory level be for ABC?
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- Sterling Corporation has an EOQ of 5,000 units. The company uses an average of 500 units per day. An order to replenish the part requires a lead time of five days. Required: 1. Calculate the reorder point, using Equation 20.3. 2. Graphically display the reorder point, where the vertical axis is inventory (units) and the horizontal axis is time (days). Show two replenishments, beginning at time zero with the economic order quantity in inventory. 3. What if the average usage per day of the part is 500 units but a daily maximum usage of 575 units is possible? What is the reorder point when this demand uncertainty exists?Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning inventory of finished goods decreased by 5,000? What would be the effect on the cost of goods sold?Click the Chart sheet tab. On the screen is a column chart showing ending inventory costs. During a deflationary period, which bar (A, B, or C) represents FIFO costing, which represents LIFO costing, and which represents weighted average? Explain your reasoning. On January 4 following year-end, Rio Enterprises received a shipment of 60 units of product costing 580 each. These units had been ordered by Del in December and had been shipped to him on December 27. They were shipped FOB shipping point. Revise the FIFOLIFO3 worksheet to include this shipment. Preview the printout to make sure that the worksheet will print neatly on one page, and then print the worksheet. Save the completed file as FIFOLIFOT. Using the FIFOLIFO3 file, prepare a 3-D bar (stacked) chart showing the cost of goods sold and ending inventory under each of the four inventory cost flow assumptions. No Chart Data Table is needed. Use the values in the Calculations Section of the worksheet for your chart. Enter your name somewhere on the chart. Save the file again as FIFOLIFO3. Print the chart.
- Ranger Industries has provided the following information at June 30: Other information: Average selling price, 196 Average purchase price per unit, 110 Desired ending inventory, 40% of next months unit sales Collections from customers: In month of sale20% In month after sale50% Two months after sale30% Projected cash payments: Inventory purchases are paid for in the month following acquisition. Variable cash expenses, other than inventory, are equal to 25% of each months sales and are paid in the month of sale. Fixed cash expenses are 40,000 per month and are paid in the month incurred. Depreciation on equipment is 2,000 per month. REQUIREMENT You have been asked to prepare a master budget for the upcoming quarter (July, August, and September). The components of this budget are a monthly sales budget, a monthly purchases budget, a monthly cash budget, a forecasted income statement for the quarter, and a forecasted September 30 balance sheet. The worksheet MASTER has been provided to assist you. Ranger Industries desires to maintain a minimum cash balance of 8,000 at the end of each month. If this goal cannot be met, the company borrows the exact amount needed to reach its goal. If the company has a cash balance greater than 8,000 and also has loans payable outstanding, the amount in excess of 8,000 is paid to the bank. Annual interest of 18% is paid on a monthly basis on the outstanding balance.Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is collected in the month of sale, 15% is collected the month after the sale, and 10% is collected the second month after the sale. How much cash will be collected in June if sales are estimated as $75,000 in April, $65,000 in May, and $90,000 in June?Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $75,000 in June, $65,000 in July, and $90,000 in August?
- Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $2,000. What was the beginning inventory if the ending inventory was $1,000?Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the economic order quantity. 2. Compute the ordering, carrying, and total costs for the EOQ. 3. How much money does using the EOQ policy save the company over the policy of purchasing 4,000 plastic housing units per order?Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a cost of goods sold of $3,000. What was the beginning inventory if the ending inventory was $1,250?
- This year, Hassell Company will ship 4,000,000 pounds of chocolates to customers with total order-filling costs of 900,000. There are two types of customers: those who order 50,000 pound lots (small customers) and those who order 250,000 pound lots (large customers). Each customer category is responsible for buying 1,500,000 pounds. The selling price per pound is 2 per lb for the 50,000 pound lot and 3 per lb for the larger lots, due to differences in the type of chocolate. ABC would likely assign order-filling costs to the customer type as follows: a. 450,000, small; 450,000, large (using pounds as the driver) b. 360,000, small; 540,000, large (using revenue as the driver) c. 750,000, small; 150,000, large (using number of orders as the driver) d. 450,000, small; 450,000, large (using customer type as the driver)Pedee Companys inventory turnover in days is 80 days. Which of the following actions could help to improve that ratio? a. Increase the sales price. b. Increase manufacturing costs. c. Reduce the cost of goods sold. d. Reduce average inventory. e. All of these.Total Pops data show the following information: New machinery will be added in April. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next months requirements. Direct material requires 2 pounds per unit at a cost of $3 per pound. The ending inventory required for direct materials is 15% of the next months needs. In January, the beginning inventory is 3,000 units of finished goods and 4,470 pounds of material. Prepare a production budget, direct materials budget, and direct labor budget for the first quarter of the year.
