What is the average inventory held during the year

Assignment Help Financial Accounting
Reference no: EM132873066

Problem - Cheeseburger and Taco Company purchases 11,327 boxes of cheese each year. It costs $12 to place and ship each order and $2.46 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year?

Reference no: EM132873066

Questions Cloud

Designing research : Discuss your selected research design for the project. What research methods are you considering?
Discuss the disadvantages of Systems Development Life Cycle : Question - Discuss the ten disadvantages of Systems Development Life Cycle (SDLC) with examples
What is the expected level of profit : What is the break-even point per month in sales dollars? For the month of July, the marina anticipates sales of $1,026,000. What is the expected level of profit
What is the current price of the bond : If the bond matures in 4 years and similar bonds have a yield rate of 6%, then what is the current price of the bond
What is the average inventory held during the year : The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year
Explain how changes in retirement age and investment return : Without doing any calculation, explain how the changes in retirement age and investment return may affect the annual deposit needed
What is the annual carrying costs of post card inventory : The carrying cost is $0.28 per post card per year. The ordering cost is $285 per order. What is the annual carrying costs of post card inventory
What is the amount of shareholders equity on December : The accounts shown below appear in the December 31, 2020 trial balance of Lee Jong Suk (LJS) Company. What is the amount of shareholders equity on December
What is the cost per hour allocation rate : The cost to Marbles of Ryan's contract is $10,000. What is the cost per hour allocation rate that Marbles would use for one of these options

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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