Do problem 5 264 Chapter 7What is the value of inventory for the following products, given the following information?BeverageItemBar VodkaBar ScotchBar GinBar RumItemShrimpGround BeefVeal PattyPork ChopsStorageUnitItemCol. 1750 ml750 ml750 ml750 mlTomato PasteCanned PeachesCanned GreenBeansTomato JuiceUnitlblbeach8 ozBeverage Inventory Cost Card (2 Workstations)Quantity AvailableBottles Behind BarOpenedCol. 23+¾3/4 + 1/2¼+%3/4+3/4Problem 4Problem 5What is the inventory value of each of the following items at the end of the day? Assumethat (1) all items are "A" items, (2) leftovers are returned to central inventory at the end ofthe workday, and (3) no products were received.Cost/Unit$7.35$2.45$1.12$2.90Begin Inventorycs-6/#10cs-6/#10CS-6/#10UnopenedCol. 33223cs-12/#303BeginInventory73 lb60 lb29 ea51 chopsIn CentralStorageCol. 45465AmountIssuedProblemWhat is the total cost of food issue requisition, given the following?$42.5022 lb10 lb12 ea15 chops7 chopsTotalCol. 5Unit Cost$39.95$28.40$21.70AmountUsed18 lb10 lb10 ea16 chopsCost PerStorageUnit7/12Col. 6$8.45$9.90$8.70$7.40No. Units Issued1-5/62-4/63EndingInventoryTotal CostCol. 7CostTotal Cost

Ending inventory = Beginning inventory - amount issued - ending inventory Cost = Ending…

Answered: What is the value of inventory for the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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chapter 4 7. On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10. How much should be remitted? (Present your answer with a comma separator, dollar-sign, and rounded to the penny (i.e. $1,234.56).)
Definite the term INCOTERMS and differentiate between Cost, insurance, freight (CIF) and Cost and freight (CFR).
Great Vegetables, Corp. a wholesale vegetable distributor in the Bronx, buys and prepays for a trailer load of tomatoes for $20,000.00. The tomatoes are sold by Texas Tomatoes, Inc., a selling cooperative of Texas farmers and transported to New York by an independent truck driver from Louisiana. The truck shipment is arranged by an Oklahoma truck broker from his/her office in Oklahoma. When the tomatoes arrive at Great Vegetables, Corp. two weeks later they are rotten. The Texas farmers and the truck broker have not physically done anything in New York. Great Vegetables, Corp. sues Texas Tomatoes, Inc., the truck broker and the truck driver in a New York State court and the summons is served on each of them outside New York State. Explain the reasons why Great Vegetables, Corp. could argue that the New York State court has personal jurisdiction over each defendant.Assume you are the attorney for defendants Texas Tomatoes, Inc. the truck broker and the truck driver. why personal…
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Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water. By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community. The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products. Waterways was founded by Will Winkman, who is the company president and chief executive officer (CEO).…
5. Briefly explain the procedures in repossession of goods with reference to Hire Purchase Act 1967. Note: simple introduction and conclusionNote: answer with introduction and conclusion.
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