Determine the number of orders per year

Assignment Help Financial Accounting
Reference no: EM132762605

A mail-order house uses 16,190 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies.

Number of Boxes.      Price per Box
1,000 to 1,999            $1.25
2,000 to 4,999               1.20
5,000 to 9,999             1.15
10,000 or more         1.10

Problem 1: Determine the optimal order quantity. (Round your answer to the nearest whole number.)

Problem 2: Determine the number of orders per year. (Round your answer to 2 decimal places.)

Reference no: EM132762605

Questions Cloud

Compute the price and efficiency variances for peterson food : Compute the price and efficiency variances for Peterson Foods. Peterson Foods manufactures pumpkin scones. For January 2014, it budgeted to purchase
Communication strategy that fosters change : You will create a communication strategy that fosters change and innovation in an organization.
Compute the number of shares to be used : Brewer Company had 400,000 shares of common stock outstanding during the year 2020. In addition, at December 31, 2020, 90,000 shares were issuable upon exercise
Find company margin of safety as percent of current sales : Melton Inc. has sales of $1,750,000, and the break-even point in sales dollars is $875,000. Find the company's margin of safety as a percent of current sales
Determine the number of orders per year : Determine the number of orders per year. A mail-order house uses 16,190 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96
Compare technical vs fundamental analysis : Compare and Contrast (Technical vs Fundamental Analysis) with empirical evidence? Clearly demonstrate and interpret how the results from the above stated.
What price should the bond be sold if it purchased on nov : At what price should the bond be sold if it was purchased on 1st November 2013, is due to mature on 31st October 2023 but was instead sold on 1st November 2017?
Determine the break-even point in units of AA and BB : Wide Open Industries Inc. has fixed costs of $475,000. The sales mix for Products AA and BB is 60% and 40%, respectively. Determine the break-even point in unit
Find what amount should the noncurrent asset held for sale : The company commits to a plan to sell, At the time of reclassification as held for sale, what amount should the noncurrent asset held for sale be recognized?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What problems might arise if companies required to publish

It is often suggested that users of accounts would find forecasts. What problems might arise if companies were required to publish forecasts?

  What kollar net cash used in investing activities was

What Kollar net cash used in investing activities for 2019 was? Kollar Corp.'s transactions for the year ended December 31, 2019

  How process of generating a cash disbursments

How would the process of generating a cash disbursments journal from the REA data models differ from the process for creating a sales journal?

  Why are companies required to prepare a statement of cash

Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?

  Compute accounting and cash breakeven points in units

The snow blowers sell for $800 each. Variable costs of a snow blower are $500. Compute Accounting and Cash Breakeven points in Units.

  For each of the following 1000-par-value bond assuming

for each of the following 1000-par-value bond assuming annual interest payment and a 40 tax rate calculate the

  What is the cash in bank balance per books on december

What amount would CPA Co. report as cash and cash equivalents in the current asset section of the December 31, 2019, statement of financial position?

  Compute avoidable interest for grouper company

Compute avoidable interest for Grouper Company. Use the weighted-average interest rate for interest capitalization purposes. (Round "Weighted-average interest)

  Esquire beginning with income from continuing operations

Esquire Comic Book Company had income before tax of $1,000,000 in 2016 before considering the following material items: Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting pr..

  Compute martins realized and recognized loss

Martin Corporation acquires two properties from a shareholder. Compute Martin's realized and recognized loss on the liquidating distribution of Property 2.

  Depreciation expense be under the units of production method

A company purchased equipment for $800,000 and has depreciated it using the straight-line method for the past 5 years when its original life was estimated to be 10 years with a $200,000 residual value.

  What amount should lino include as net cash provided

Lino's 1992 net income is $150,000. What amount should Lino include as net cash provided by operating activities in the statement of cash flows? Show supporting calculations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd