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Problem - PC Calculators sells calculators that it purchases for $15 each. It costs PC $60 each time calculators are ordered, and carrying costs are 20 percent of the calculator's purchase price. Annual demand is 100,000 calculators.
(a) Compute the EOQ.
(b) Compute the inventory costs if PC orders (i) the EOQ amount, (ii) 1,000 calculators, and (iii) 2,500 calculators.
Spark Co. buys cordless phones for $125 each and sells them for $200 each. Assuming Spark desired a profit of 10% of sales, how many units must Spark sell
Hakim's rental building (a § 1231 asset) was not insured when it was destroyed by a hurricane. How should Hakim handle this situation
Calculate the amounts Lionel can deduct for interest on higher education loans under the following circumstances: Lionel's AGI before deducting interest
Were the dividends on common stock and/or preferred stock? What was the amount of each?
Fred deals with more than one supplier and often places orders for multiple items, Prepare an REA diagram for Fred's Train Shop's expenditure cycle
Prepare the journal entries for any impairment loss occurring at 30 June 2015 including supporting calculations
The rebuilt engine has a 100,000-mile warranty and is purchased by auto shops, Compute the cost per equivalent unit for direct materials
The bonds were sold for $2,500,000. The value of the warrants at the time of issuance was $75,000. Prepare the journal entry to record this transaction
Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period
the fasb was influenced by feedback from interested parties when pension accounting rules were developed. please cite
Matching principle because the cash was paid in 2010 and should be expensed in 2010. Matching principle because depreciation expense should be $8,000.
Depreciation of trucks during year is $6,000.E.Wages accrued but not paid at March 31 are $500,Insurance premiums expired during year are $3,000.
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