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Question - 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.
1. Compute the annual ordering cost.
2. Compute the annual carrying cost.
3. Compute the cost of Ottis's current inventory policy. Is this the minimum cost? Why or why not?
In what ways could computerized accounting software or spreadsheets continue an ongoing fraud scheme relating to receivables
Chester Books Co. publishes romance novels that are sold to bookstores on the following terms. Each title has a fixed wholesale price, terms f.o.b. shipping point, and payment is due 90 days after shipment. The retailer may return a maximum of 20%..
What conclusions can be drawn from these ratios concerning the trend in the ability of The Home Depot to effectively use its assets to generate sales?
What recommendations can be made for the upcoming year in budgeting to the CFO for additional profitability and increasing revenue and what approaches would your recommendations to increase the company overall utilization of staff and billable hour..
An aging analysis of the accounts receivable produces an estimate of $2000 of probable losses from uncollectible accounts. the adjusting entry needed to record the estimated losses from uncollectible accounts is made for?
Prepare the journal entry to recognize the income tax benefit of the net operating loss in 2016. Fores elects the carryback option
superior door company sells pre-hung doors to home builders. the doors are sold for 60 each. variable costs are 42 per
during the month of february hoffer company had cash receipts of 10800 and cash disbursements of 12450. the february 28
1. Estimate per share value of Handbook. Write steps in calculations and then perform the calculation. 2. Estimate current value per share for WhyApp. Write steps in calculations and then perform the calculation.
1.the basic types of cost accounting systems arejob order cost systems activity based cost systems and process cost
provide examples of inflows and outflows?
A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period.
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