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A material is purchased for P3 per units. Monthly usage is 1,500 units, the ordering cost is P50 per order, and the annual carrying cost is 40%.
Question (1) Compute the EOQ.
Question (2) Determine the proper order size if the material can be purchased at a 5% discount in lots of 2,000 units.
Discuss the potential liability of the auditor to: - the shareholders - the company.Maxref ltd is a new dot.com company specialising in online trading
Feb. 1 Issued 4,500 shares of common stock for $27,000. Compute the payout ratio, earnings per share, and return on common stockholders' equity
Describe the situations and accounting/audit issues that led to the disciplinary action by the PCAOB. Any idea what Fazio is doing now
Ryan Corporation for 2019: Depreciation Expense was $32,500; meals and entertainment recorded in the books was $12,000; what is taxable income
How the repossessions resulted in gain (loss) of? Write parenthesis to signify loss. Ex. 28,000 if your answer is a gain, (28,000) if loss.
Portland Lumber Company incurs a cost of $452 per hundred board feet (hbf) in processing certain "rough-cut" lumber, which it sells for $611 per hbf. An alternative is to produce a "finished cut" at a total processing cost of $559 per hbf, which c..
Explain how MoviesPlus would account for its revenue if it did follow GAAP. Should MoviesPlus use GAAP? Explain
what is the basic premise of target costing?customers are generally willing to pay for whatever companies design so
There are accounting packages designed for different types of industries. From your own experience, working with various accounting software.
You Have saved $4000 for a down payment on a new car. the largest monthly payment you can afford is $350. the loan will have a 12% APR based on end of month payments. what is the most expensive car you can afford if you finance it for 48 months? 6..
Prepare journal entries to record depreciation of the machine at December.
Review the account receivable aging report and discuss balances over 90 days past due with the accounting manager
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