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Find the reorder point.
Scrumptious Spices manufactures a special blend of beef marinade. The company buys one of the spices used in the marinade in 10-pound bags that cost $5 each. The company uses 50,000 of the bags per year, and usage occurs evenly throughout the year.The average cost to carry a 10-pound bag in inventory per year is $1. The cost to place an order is $12. Determine the economic order quantity for the spice in terms of 10 pound bags. If the company works 250 days per year, on average how many bags of spice are used per working day? If the lead time for an order is normally five working days, determine the reorder point. If the company normally carries 50 bags as safety stock, determine the reorder point for the spice.
1,500 Memberships were sold to the public in the amount of $40 each. Membership provides the individual with a monthly magazine and other benefits. The estimated fair value of member benefits is $25. The member year runs from July 1 to June 30.
Determine how reasonable it is to consider that the inflow of foreign investment into Australia would have been restricted if Australia, throughout the decision of the Financial Reporting Council, had not made the decision to adopt IFRS from 2005.
A disbursement by the general fund to another fund may be recorded as a receivable, an expenditure, or a fund transfer. Elucidate the circumstances that would result in each of these different treatments.
journal entry to record investment amp interest amp sale reporting investment.tanner-unf corporation acquires as
Capacity is extremely important for an organization to function effectively and efficiently. How do we ensure that we have the correct capacity?
direct materials budget for the seasoning.one quarter gram of a rare seasoning is required for each bottle of dipping
The appropriate interest rate for this lease is 12%. Compute the amount to be recorded as a leased asset and the associated lease liability.
Hornet agrees to pay 10% interest. The following are factors from a present value table: What is the amount of cash that Hornet receives today?
Government accounts items requiring passing of journal entries in the General Fund - preparation of fund financial statements, prepare the appropriate journal entries in the General Fund
make the company cash budget for the upcoming fiscal year and Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash
Prepare absorption and contribution margin income statements for the succeeding quarter for the division and compute production costs per unit for both approaches and for both quarters
Evaluate how these losses will affect the taxable income of the two owners
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