Answer:
c. When ordering or setup costs increase, Economic Order Quantity increases
Explanation:
In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.
Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.
In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity
Answer:
Adaptability is the answer
Answer:
Supplies Expense = $24,000
Supplies = $24,000
Explanation:
given data
bought for CPA firm = $32,000
supplies on hand = $8,000
solution
we know here that when $8000 supplies available out of $32,000
so supplier during period will be = $32,000 - $8000
supplies expense = $24000
and that is express as
Accounts title Debit Credit
Supplies expense $24,000
Supplies $24,000
Answer:
Hello your question is incomplete below is the complete question
Jim Connor is the owner of Wave Riders, a surf shop located in West Palm Beach, Florida. Jim has just received his end of the year financial statements from his accountant. When he sees his gross and net income he is dismayed. With almost $250,000 in gross profit he just doesn’t understand why he is always short on cash to pay his employees and suppliers. One of his largest suppliers of surf boards notified him just last month that they would no longer extend him credit and he would have to pre-pay all of his orders. He puts a call into his accountant to set up a meeting with her to discuss the financial health of his business
Average inventory turnover ratio : Wave riders = 2.5 , Industry = 6.85 ( as calculated )
answer: The recommendations that should be made to Jim to help him improve the company's financial performance is, Jim should work on selling off his old inventories before ordering more
Explanation:
The recommendations that should be made to Jim to help him improve the company's financial performance is, Jim should work on selling off his old inventories before ordering more, this is because The Average inventory turnover ratio for Waveriders is lower than the Industry's Average inventory turnover ratio. and this is caused by inadequate inventory management ( overstocking or low sales ) and this is affecting The financials of Waveriders
Answer:
The answer is: B) $704.50
Explanation:
The ATM deposit and the paycheck deposit increase the account balance, while the grocery store receipt decreases the account balance.
Malcolm's initial account balance was $0
The ATM deposit adds $80
The grocery store receipt deducts ($25.50)
<u>The paycheck deposit adds $650
</u>
Account balance $704.50
