Economic order quantity-cater company

Assignment Help Accounting Basics
Reference no: EM1364135

Carter Company orders 250 units at a time, and places 15 orders per year. Total ordering cost is $1,100 and total carrying cost is $1,100. Which of the following statements is true?

a. the economic order quantity (EOQ) is 250

b. the economic order quantity (EOQ) is more than 250

c. the economic order quantity (EOQ) is less than 250

d. total inventory-related cost is lower than it would be at the economic order quantity (EOQ)

e. none of these

Reference no: EM1364135

Questions Cloud

Awareness of interpersonal incompatibilities : Administrative conflict is an awareness of interpersonal incompatibilities among those working together on a task.
Effective performance management program : Are appraisal systems necessary - Do you think that with an effective performance management program an appraisal system is necessary?
Write subclass for constructor accepting a double : Write a (non-abstract) subclass, ApartmentHouse, containing: a constructor accepting a double, passed to the superclass constructor, and an int used to initialize numberOfApartments
Illustrate what is the price elasticity of demand for movie : Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. Illustrate what is the price elasticity of demand for movie tickets. Could price elasticity be somewhat overestimated from these figures.
Economic order quantity-cater company : Carter Company orders 250 units at a time, and places 15 orders per year. Total ordering cost is $1,100 and total carrying cost is $1,100. Which of the following statements is true?
When should you use a panel interview : what situations would you be most likely to use a panel interview? Are there positions for which you would not? Thoughts, class?
Effect of the environment on families : I am doing a debate and I am on the CON side of the Effect of the Environment on Families and have to answer these questions with the view.
How high is the ledge to the nearest metre : A swimmer heads directly across a river, swimming at 1.60 m/s relative to the water. She arrives at a point 58.0 m downstream from the point directly across river, 63 m wide. What is the speed of the river current.
Determine the interest amount : Mr. Nailor invests 5,000 in a certificate of deposit at his local bank. He receives yearly interest of 8 percent for 7 years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Variance between budget-actual amounts

A performance report for direct labor shows a variance between the budget and actual amounts. This difference is a:

  Examples of intangible assets

What are intangible assets? Can you provide a few examples? Why are these important, and how are they recorded?

  Using target costing to fix pricing problems

The following conversation took place between Dean Lancaster, vice president of marketing, and Dina Conaway, controller of Redwood Computer Company:

  Tax consequences of incorporation

Write down a memo to Stacey describing the tax consequences of incorporation. As part of your memo analyze the possibility of having the corporation issue common and preferred stock and debt for shareholders’ property and money.

  Identify problems for capital project

H2O Innovations: Identify a new capital project. Describe the project and problems you are going to have in estimating the cash flow that might be emanating from the initial investment and problems in getting it funded. Issues might be:

  Fraudulent activity in business

What type of fraudulent activity could this have been and what type of testing could have been included in the audit to discover it? What can auditors do to verify inventory levels and that no fraudulent activity is occurring between annual inven..

  Factoring accounts receivable-journal entry

On May 1, Battery, Inc. factored $800,000 of accounts receivable with Quick Finance on a without recourse basis. Under the arrangement, Battery was to handle disputes concerning service, and Quick Finance was to make the collections

  Determining the units of product in inventory

The company's net income for the year was $12,000 higher under variable costing than under absorption costing. Given these facts, the number of units of product in inventory at the beginning of the year must have been:

  Deviation from gaap

Is it possible to deviate from Generally Accepted Accounting Principles (GAAP) and the accounting cycle and still prepare financial statements? What are some possible consequences of this course of action?

  Expenses and non-controlling interest

An enterprise that holds a variable interest in variable interest entity is required to consolidate assets, liabilities, revenues and expenses, and the non-controlling interest of that entity if:

  Mecklenburg county balanced scorecard

A company that provides training, certification and consulting services to commercial, government, and non-profit organizations in applying best practices in balanced scorecard (BSC), strategic performance management and measurement, and transform..

  Foreign operation functional currency

Sydney Corporation, an Australian-based multinational, borrowed 10,000,000 euros from a German lender at the beginning of calendar year when exchange rate was EUR.60 = AUD1.

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