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Question - A company uses Rs. 50000 material per year. The cost per order is Rs. 50 and carrying cost is 20 percent of the average inventory. The company currently has an optimum purchasing policy but has been offered a 0.4 percent discount if they purchase 5 times per year. Should the offer be accepted? If not what counter offer should be made?
What adjusting entry should be made by Otisco, Inc. for the adjustment on December 31 of the first year
The Super Hero Theme Park was started on January 1 of the current year by Dr. Strange. The following selected events and transactions occurred during January.
you have been recently hired as a general manager of a family owned restaurant whose owners have decided to open up a
Assume Quinn Lid., as the employer, has an employer portion of $200 of CPP and $420 of EI. How much is payable to Canada Revenue Agency at January 31st
Although a company acquires less than 100 percent controlling interest in another company, What are the advantages from the investor viewpoint
Required: Comment on the trends in the above financial statements and briefly explain the reasons for changes in profitability
The head of the corporate tax division of a major public relations firm has proposed investing $295,000 in personal computers for the staff. The useful life and recovery period for the computers are both 5 years.
Calculate the select financial ratios for the fiscal year.Interpret what each of these financial ratios means in terms of TRI financial stability and operating
Yountz Company budgets sales of $2,400,000, fixed costs of $525,000, and variable costs of $1,560,000. What is the contribution margin ratio
What The role of the Securities and Exchange Commission in the formulation of accounting principles can be best described as
Sally Medavoy will invest $8,000 a year for 20 years, If the first payment into the fund occurs today, what amount will be in the fund in 20 years
You are planning a $100 per ticket dinner-dance fundraiser for your favorite charity at a local hotel. What is your contribution margin per ticket
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