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A catfish bait manufacturer uses a secret blend of ingredients to make their infamous bait. One of these ingredients, we'll call it X for proprietary reasons, is the major component in the mixture. X is ordered in 55 gallon barrels from out of state and is used at the rate of 800 barrels per year. Each order that is placed with the supplier costs $45 to process. Storage space is at a premium on the manufacturing floor and out in the yard, so their annual cost to hold inventory is $80 per barrel. The owner's brother-in-law provides transportation services and his record has been less than stellar, so lead time has averaged 6 days with a standard deviation of 3. Stopping the process would be disastrous, so the plant manager has set a 99% service level on the reorder point.
What is the best order quantity?
What is the total cost at this reorder point?
What is the reorder point?
What is the cost of holding this safety stock?
The comprehensive budget plan linking all the individual budgets related to sales, cost of goods sold, operating expenses, projects, capital expenditures and cash is known as the:
Young Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%. Assume break-even volume in dollars is $1,500,000. What are total fixed costs?
What is the carrying amount of Henkel Group's tangible fixed assets at 31 December 2001? Calculate the sale value of the fixed assets disposed of in 2001.
An individual retirement account, or IRA, earns tax-deferred interest and allows the owner TO INVESTarrow-10x10.png up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.6%..
David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1,680. They have made prepayments of $975 and also have a child tax credit of $1,000. What is the amount of their tax refund or taxes due?
Martin Company makes plastic garbage bags. One box of bags requires one hour of direct labor at an hourly rate of $6. The company produced 200,000 boxes of bags using 208,000 hours of direct labor at a total cost of $1,144,000. Compute the labor vari..
Journalize the closing entries on page 9 of the general journal. Post the closing entries to the general ledger. Prepare a post-closing trial balance.
Problem being, over the last five years, they never used 100% of that budget. What steps would you take to help that manager come to a more realistic budget?
Prepare a two column common size income statement and Comment specifically on difference between Camper's, Inc., and the industry average.
Assume Candy Company accounts for accumulated depreciation by eliminating the accumulated depreciation against the gross carrying amount of the asset and restating the net amount to the revalued amount of the asset.
An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $350,000 and will be sold for $50,000 at the end of the project. Assume tax rate is 35%. Find the asset’s book value at the time ..
Explain what the criticisms are surrounding the Act. Explain the economic consequences for companies as a result of implementing the Act. Explain if the Sarbanes-Oxley Act has achieved its goals so far. Provide examples to support your reasoning.
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