Business, 12.11.2019 06:31 Rogeartest4
Which of the following is consistent with effective internal control over sales transactions? a. the accounting department prepares a shipping report authorizing the shipment of goods. b. the accounting department accounts for all receiving reports. c. the billing department accounts for all shipping documents. d. the accounts payable department annually approves the extension of credit to customers.
Answers: 2
Business, 22.06.2019 11:20
Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?
Answers: 2
Business, 23.06.2019 00:00
What is a uniform law adopted by all states that facilitates business transactions?
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Business, 23.06.2019 01:30
Which of the following is considered part of a country’s infrastructure?
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Business, 23.06.2019 01:30
How is systematic decision making related to being financially responsible
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Which of the following is consistent with effective internal control over sales transactions? a. the...
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