Question details

Enter your answer rounded off to two decimal points
$ 20.00

QUESTION 3

  1. ABC Company sells 3,177 chairs a year at an average price per chair of $187. The carrying cost per unit is $30.43. The company orders 278 chairs at a time and has a fixed order cost of $64.4 per order. The chairs are sold out before they are restocked. What are the total shortage costs? 

QUESTION 6

  1. ABC Corporation currently has an inventory turnover of 44.89, a payables turnover of 8.08, and a receivables turnover of 21.49. How many days are in the operating cycle? 

QUESTION 7

  1. ABC Company writes 114 checks a day for an average amount of $646 each. These checks generally clear the bank in 5 days. In addition, the firm generally receives an average of $134,521 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float?

QUESTION 9

  1. ABC Company sells 2,244 chairs a year at an average price per chair of $165. The carrying cost per unit is $15.85. The company orders 500 chairs at a time and has a fixed order cost of $84 per order. The chairs are sold out before they are restocked. What is the economic order quantity?

Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then ent

QUESTION 10

  1. ABC Company sells 3,531 chairs a year at an average price per chair of $157. The carrying cost per unit is $30.42. The company orders 591 chairs at a time and has a fixed order cost of $120.6 per order. The chairs are sold out before they are restocked. What are the total carrying costs? 

QUESTION 11

  1. ABC Company has a cash cycle of 13.55 days, an operating cycle of 22.98 days, and an average collection period of 4 days. The company reported cost of goods sold of $287,825. What is the company's average balance in Accounts Payable?

QUESTION 12

  1. As of this morning, your firm had a ledger balance of $4,923 with no outstanding deposits or checks. Today, your firm deposited 6 checks in the amount of $400 each and wrote a check in the amount of $870. What is the amount of the collection float as of the end of the day?

 

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