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Questions -
Q1. The expected annual usage of a particular material is 540,000 units, and standard order size is 36,000 units. The invoice cost each is P900, and the ordering cost per order is P240. Assuming the company does not maintain safety stock, the average inventory is;
A. 18,000 units
B. 30,000 units
C. 22,500 units
D. 45,000 units
Q2. The total ordering cost from the above is
A. P3,600
B. P13,500
C. P8,640,000
D. P17,100
In addition to adequate segregation of duties, describe two other internal controls over sales transactions
On 30 June 2019, an independent valuer assessed the fair value of the Plant and Equipment to be $130 000. Prepare the appropriate general journal entries
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Post the journal to a ledger of four-column accounts. Prepare an income statement, a statement of owner's equity, and a balance sheet
heritage insurance co. is a regional insurance company that began operations on january 12012. the following
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Prepare the accounting entry on July 01st, 2014 if the policy of the Hongmin Park Corporation had been to carry the bonds at fair market value
In this second part of your task as Project Manager, provide an analysis of unexpected events to your management using the Project Schedule Template.
The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture
Hartgraves Company had the following transactions and adjustments related to a bond investment. Prepare journal entries to record these transactions
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