What is the average inventory held during the year

Assignment Help Financial Accounting
Reference no: EM132794908

Cheeseburger and Taco Company purchases 16,284 boxes of cheese each year. It costs $25 to place and ship each order and $8.45 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

Problem 1: What is the average inventory held during the year?

Reference no: EM132794908

Questions Cloud

What the relevant information for long term decisions is : Over the entire life of a long term decision, the relationship between the total differential cash flow and total differential profit is?
Industry demand and supply functions for one-bedroom : Industry demand and supply functions for one-bedroom condominiums for senior citizens are as follows:
Calculate the amount of bond discount or premium : The bonds which were issued at 103, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium
Compute the opportunity cost of producing : Assume that Great Britain and the United States can both produce wheat (W) and cloth (C). The amount of wheat and cloth that each nation
What is the average inventory held during the year : What is the average inventory held during the year? Cheeseburger and Taco Company purchases 16,284 boxes of cheese each year.
Calculate the future value of option : The MBA Decision Ben Bates graduated from college six years ago with a finance undergraduate degree. He feels that an MBA degree would
Nutritionist for a day : Your flyer should also include an overall theme that emphasizes the importance of a healthy diet.
How the income statement budget would be created for a year : Discuss how the income statement budget would be created for a year starting with the sales budget through the SG&A budget.
Intersection between land and labor constraints : Suppose there are two goods beverage and pizza and two inputs land, T, and labor, L. Given atb=5030, atp=1048, alb=2532

Reviews

Write a Review

Financial Accounting Questions & Answers

  Journalize the entries to close the income summary account

Sharp and Townson had capital balances of $60,000 and $120,000, respectively on January 1 of the current year. On May 8, Sharp invested an additional $10,000 in the partnership. During the year, Sharp and Townson withdrew $25,000 and $45,000, respect..

  Determine what is the payback period for the investment

Assume cash flows occur evenly during the year, what is the payback period for this investment? MYEG Public Limited has been presented with an investment

  Calculate the mirr of project using the discounting approach

The company uses an interest rate of 10 percent on all of its projects. Calculate the MIRR of the project using the discounting approach.

  Analyze the financial statements of abc corp at the end

analyzing the financial statements of ABC Corp. at the end of fiscal 2005. You notice that during the year they made a major acquisition.

  How much stock does the company own in this category

An activewear buyer bought $24,000.00 of stock in a blue tank top. This reflected 35% of the activewear tanks purchased. How much stock does the company own in this category, rounded to the nearest dollar?

  The world of business has changed radically over the last

the world of business has changed radically over the last twenty years.nbsp where once it was unique to operate

  Methods does not require hurdle rate

Which of the following methods does not require a hurdle rate

  Calculate the total cash flows from operations

Given the following financial data, calculate the total cash flows from operations as it would appear on the statement of cash flows for FY2019.

  Describing a key reason for product cost

Which of the following statement describing a key reason for product cost differences between simple costing systems and ABC systems is true?

  Determine the total fixed costs and the total variable costs

Determine the total fixed costs and the total variable costs for the current year. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year.

  What amounts of non current future tax liability

Temporary difference, Explain what amounts of non current future tax liability and current future tax asset will be shown on the balance sheet?

  Discuss fact that overstated revenue will likely be earned

Discuss fact that the overstated revenue will likely be earned in later periods reduces the impact of the overstatement or reduces the impact of responsibility

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