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Smithson hydraulics inc carries an inventory of valves that cost $25 each. The firm's inventory carrying costs is approximately 18% of the value of the inventory. It cost $38 to place, process, and receive an order. The firm uses 20,000 valves a year. a) What ordering quantity minimizes the inventory costs associated with the valves? Round to the nearest unit. b) How many orders will be placed each year if the EOQ is used? c) What are the valves carrying and ordering costs if the EOQ is used?
How many pairs of stockings must be sold to break even? What does this represent in total dollar sales?
Would a labor hiring and training plan be more important in a university that is hiring faculty members, or a municipal government office that hires casual workers to do unskilled work? Why?
Target Inc. has 30 million shares outstanding and trades at $50 per share. Target has net identifiable assets with a book value of $1 billion and a fair value of $1.2 billion. Acquirer Corporation purchases all of Target Inc. stock for $60 per sh..
The partnership pays Gast $100,000 cash for her partnership interst. After Gast's retirement, what is the balance of Irving's capital account?
Provide the necessary journal entries to record the transactions for Wilcox for the period January 2, 2011 through December 31, 2012.
A business achieves a constant margin of 25%. If Purchases were £480000 and Sales £560000 what has happened to inventory during the period?
how much is your service? i need help with an accounting problem prepare an income statement using the single-step form
Can the payee of a negotiable instrument be a holder in due course and Against whom can the maker of a note successfully assert a personal defense?
Assuming Denny is correct, what is the expected income for the upcoming year? Assuming Austin is correct, what is the expected income for the upcoming year?
multiple choice questions on inventory methods1.the lifo conformity rule states that if lifo is used for a.one class of
Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2011 on this equipment?
Every month you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your “house fund”. How much is in this account after 5 years?
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