### Question details

\$ 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?

### 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?

### Solutions

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