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Point 1: You are managing a company that stocks and distributes hardware. The company employs two purchasing agents who receive combined salaries of $81,000. They process six thousand purchase requests per year. Average inventory in storage is $581,000, and the total cost of running the warehouse is $206,000. You are told that the company purchases five thousand hammers per year at a cost of $5.06 per hammer.
Question 1: Using the EOQ formula, how many hammers should be ordered at one time? (Do not round imtermediate calculations andround final answer to the nearest whole dollar, i.e. 123.45 = 123)
What is the contribution margin per unit of limited resource for each type of binocular? If additional grinding and polishing time could be obtained, how should the additional capacity be used?
As a result of their divorce, Fred agrees to pay alimony to Tammy of $22,000 per year. The alimony payment ends upon Fred's or Tammy's death or in the event of Tammy's remarriage. In addition, Tammy is to receive the house that was purchased for $100..
Show the equipment account.- The provision for depreciation account.- The statement of financial position extracts for each of the years 2014, 2015, 2016, 2017.
Find the amount and character of Nora's recognized gain or loss and what are Nora's bases in Needle stock and note?
brighton inc. manufactures kitchen tiles. the company recently expanded and the controller believes that it will need
What is arbitrage? Explain the arbitrage opportunity when the price of a dually listed mining company stock is $50 (USA) on the New York Stock Exchange and $52 (CAD) on the Toronto Stock Exchange. Assume that the exchange rate is suck that $1 (USA) e..
Question 1: Company X offers a 10 year bond that has a coupon rate of 5 percent and semiannual payments. The face value is $1,000 and the YTM is 12.6%. What is the current value of this bond?
The basic financial statements include two government-wide financial statements: the statement of net position and the statement of activities. The government-wide financial statements report information about the city as a whole using accounting met..
Determine whether it is cost effective to perform test of controls. Perform substantive test of details of balance. Complete initital assessment of control risk
Evaluate the net present value of each project assuming Monson Company uses a 12% discount rate.
it had a retail price of $37,000. In addition, Tighe’s employer gave him $5,000 with which to pay the taxes on the prize. How much must Tighe include in his gross income?
Acquired 500 coupon books each containing 1000 coupons for $500. Sold 400,000 packages of product at $25 each for cash. Show all the necessary journal entries
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