Answer:
219 sheets
Explanation:
D = 5000 per year,
d = daily demand = 5000/365 = 13.70 sheets
T = time between orders (review) = 14 days
L = Lead time = 10 days
σd= Standard deviation of daily demand = 5 per day
I = Current Inventory = 150 sheets Service Level
P = 95% (Probability of not stocking out) q=d(L+D)z σ T+L-1
σ T+L-1= square root (T+L)=5 square root 14+10= 24.495
From Standard normal distribution, z = 1.64 for 95% Service Level (or 5% Stock out)
q=13.70*(14+10)+1.64(24.495)-150
= 218.97 →219 sheets
Answer: " DECREASES" .___________________________________
Answer:
c. $90,700
Explanation:
The computation of the cost of the land is shown below:
= Purchase cost of land + property taxes + attorney fees + land graded cost
= $85,000 + $2,500 + $1,000 + $2,200
= $90,700
We added the property taxes, attorney fees, and the land graded cost to the purchase cost of the land. We do not include the parking lot expenses
Answer:
Entries are given below
Explanation:
Requirement A.
On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118
Entry DEBIT CREDIT
Held-to-maturity securities $65,118
cash $65,118
Requirement B.
The receipt of semiannual interest and premium amortization
Entry DEBIT CREDIT
cash (60,000 x 8% x 6/12) $2,400
held to maturity sercurities $446
interest revenue(65,118 x.6% x6/12) $1,954