pots) Ponchard, a chain of candy stores, purchases it's candy in bulk. In a recent shipment, Ponchard received 149,240 candies for $13,500. The candy is broken into two groups. One group of 44,550 pieces that will sell for $0.15 each and the rest that will sell for $0.41 each. Using this information, how much profit will Ponchard record for each candy they sell from the first group? Please round your calculations to the nearest penny! O $0.06 O $0.11 O $0.30 O $0.04
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- Confectioners, a chain of candy stores, purchases candy in bulk from its suppliers. For a recent shipment, the company paid $3,000 and received 8,000 pieces of candy that were of three different types: Type #of units Expected selling price per unit Total sales value Type 1 2,000 $.40 $ 800 Type 2 5,000 $ .60 $3,000 Type 3 1,000 $1.00 $1,000 Using the relative sales value method, what is the cost per unit for the Type 3 candies? a.$ .375 b.$ .60 c.$ .625 d.$1.00Charlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying costs are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. (a) What is the EOQ? (b) What will be the total inventory costs if the EOQ amount is ordered? (c) Suppose that Charlotte's supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgest should Charlotte order each time an order is placed to minimize total inventory costs?A confectioner, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid ₱4,000 and received 10,500 pieces of candy that are allocated among three groups. Group 1 consists of 2,500 pieces that are expected to sell for ₱0.40 each. Group 2 consists of 6,000 pieces that are expected to sell for ₱0.60 each. Group 3 consists of 2,000 pieces that are expected to sell for ₱0.70 each. Using the relative sales price method, what is the cost per item in Group 2?
- Charlotte sells widgets which cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying cost are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. Suppose her supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgets should Charlotte order each time an order is placed to minimize costs? I have submitted this question twice and both times was answered with how many orders of 1250 will satisfy the demand of 10,000 widgets. I need to know how to figure out HOW MANY WIDGETS PER ORDER to minimize costs.Big Toy, Inc. annually sells 115,000 units of Big Blobs. Currently, inventory is financed through the use of commercial bank loans. Big Toy pays $11.80 per Big Blob. The cost of carrying this inventory is $3.40 per unit while the cost of placing an order involves expenses of $500 per order. Since Big Blobs are imported, delivery is generally 25 days but may be as long as 30 days. To manage inventory more efficiently, the management of Big Toy, Inc. has decided to use the EOQ model plus a safety stock to determine inventory levels. What is the economic order quantity? Round your answer to the nearest whole number. units Today is January 1 and the current level of inventory is 11,500 units; when should the first order be placed based on the economic order quantity? Assume 365 days in a year. Round your answer to the nearest whole number. The first order based on the EOQ model would be placed on the th day. Management always wants sufficient Big Blobs so that they never are out…Meijer stores carries a specialty line of flavored syrups. One of the most popular of these is raspberry syrup which cells, on average, 55 bottles per week. Myers cost is nine dollars per bottle. Meijer has determined its order cost to be $54 in inventory Karen cost is 20%. Myers open for business 52 weeks per year. What is the EOQ? If Myers’s order the EOQ quantity each time, what will be the inventory turnover rate for the syrup?
- ssence of Skunk Fragrances, Ltd., sells 6,900 units of its perfume collection each year at a price per unit of $399. All sales are on credit with terms of 2/30, net 50. The discount is taken by 50 percent of the customers. a.What is the amount of the company’s accounts receivable? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)b.In reaction to sales by its main competitor, Sewage Spray, Essence of Skunk is considering a change in its credit policy to terms of 4/30, net 50 to preserve its market share. Will this change in policy increase or decrease accounts receivable?Mary hopes to sell 10,000 pieces of chrysanthemum last November but she was able to sell 15,000 chrysanthemum. Her chrysanthemum is sold at 20 pesos each. Her total expenses was 150,000, hence, cost per unit is 15.00. Out of the 15,000 pieces sold, Maria, one of your retailers was able to sell 5,000. What was the sales volume percentage in Maria’s location? * 30% 33.33% 3%The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $0.75, and the ordering cost is $150. The carpet manufacturer normally charges the store $8 per yard for the carpet; however, the manufacturer has offered a discount price of $6.50 per yard if the store will order 5,000 yards. How much should the store order, and what will be the total annual inventory cost for that order quantity?
- Charlotte sells widgets that cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying cost are 15% of invenory costs and Charlotte incurs a cost of $25 each time an order is placed. Suppose that Charlottes' supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many WIDGETS should Charlotte order each time an order is placed to minimize total inventory costs?Last year, Pastis Productions reported $100,000 in sales and $40,000 in cost of goods sold. Thecompany estimates it would have doubled its sales and cost of goods sold had it allowed customersto buy on credit, but it also would have incurred $50,000 in additional expenses relating to wages,bad debts, and interest. Should Pastis Productions extend credit?Home Entertainment is a small, family-owned business that purchases LCD televisions from a reputable manufacturer and sells them at the retail level. The televisions sell, on average, for $2,060 each. The average cost of a television from the manufacturer is $1,330. Home Entertainment has always kept careful accounting records, and the costs that it incurs in a typical month are as follows: Costs Cost Formula Selling: Advertising $ 1,090 per month Delivery of televisions $ 50 per television sold Sales salaries and commissions $ 3,040 per month, plus 5% of sales Utilities $ 404 per month Depreciation of sales facilities $ 3,160 per month Administrative: Executive salaries $ 11,500 per month Depreciation of office equipment $ 805 per month Clerical $ 1,860 per month, plus $49 per television sold Insurance $ 720 per month During April, the company sold and delivered 219…