Jamie's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every three weeks. Data for both products are as follows:a. What is the inventory control system for Tegdiws? That is, what is the reorder quantity and what is the reorder point?

a. What is the inventory control system for Tegdiws? That is, what is the reorder quantity and what is the reorder point?
Reorder quantity = 1,225
Reorder point = 824.4
b. Find the total inventory costs if using inventory policy.

This is a case considering safety stock (make sure to use the right formulas

Answers

Answer 1

Inventory control system for Tegdiws is as follows:

1.225 units are the number of reorders

11,346.29 units are the reorder point.

What is the Widgets inventory control system?

There are 576.9 units in the widget inventory control system.

The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock.

The main focus of the discipline of inventory management is determining the location and shape of stocked products.

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Related Questions

What IFRS’S were violated in the Volkswagen emissionsscandals?

Answers

Volkswagen's actions in the emissions scandal were a clear violation of several IFRS, highlighting the importance of accurate and truthful financial reporting.

The Volkswagen emissions scandal involved the violation of several IFRS (International Financial Reporting Standards) including the following:

1. IAS 1 Presentation of Financial Statements: Volkswagen failed to present accurate and truthful financial statements, as they did not disclose the potential liabilities resulting from the use of defeat devices in their vehicles.

2. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Volkswagen violated this standard by failing to disclose the use of defeat devices in their vehicles, which was a significant error in their financial reporting.

3. IAS 37 Provisions, Contingent Liabilities, and Contingent Assets: Volkswagen violated this standard by failing to recognize and disclose the potential liabilities resulting from the use of defeat devices in their vehicles.

4. IFRS 13 Fair Value Measurement: Volkswagen failed to accurately value their vehicles, as the use of defeat devices artificially inflated their emission levels and thus their value.

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G
Multiple Select
Select all parts that should be included in a resumé.
contact information
summary qualifications
work experience
education and training
letter of recommendation
name
current manager's name
C

Answers

Based on the given options, all the parts that should be included in a resumé are;

contact informationsummary qualificationswork experienceeducation and trainingname

What is a resumé?

A résumé,  can be regarded as the curriculum vitae,  which can be considerd as document that someone tht is seeking for employment can use to present their background, skills,  aqs well as accomplishments.

It should be noted that Résumés  is a documnet that encompass the summary qualification which contains variety of reasons,  and it is been used to secure new employment.

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are these wrong or right please no scamming

Answers

Answer:

both are correct

Explanation:

1. You have both an ethical and a legal obligation. Ethically, you should consider whether it is fair to keep the CD without paying for it after using it for more than a month. Legally, if the company made a mistake and sent you the CD, they are entitled to get it back or receive payment for it. According to the Federal Trade Commission's Mail or Telephone Order Merchandise Rule, if you receive merchandise that you didn't order, you are not obligated to return it or pay for it, but you are required to notify the seller within a reasonable period of time (usually within 30 days) and make arrangements to return it at the seller's expense. If you fail to notify the seller, you may be considered to have accepted the merchandise and be liable for payment.

2. B) Corrective advertising: The FTC may require the company to run corrective advertising that clarifies that the "natural food energy" in FunTime fruit drink is actually sugar. Corrective advertising is a type of advertising that is designed to correct a false impression that was created by an earlier advertisement. The purpose of corrective advertising is to prevent consumers from being misled by false or deceptive advertising.

On January 6, Blue Spruce Corp. sells merchandise on account to Harley Inc. for $9,400, terms 3/10, n/30. On January 16, Harley pays the amount due. Prepare the entries on Blue Spruce Corp.’s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Answers

In the given journal entry, Jan. 6 Dr Accounts receivable $9,700,  Cr Sales is $9,700. Jan. 16 = Cash $10,506. Sales discounts($9,700 * 2%) $194. Accounts receivable  $10,700.

The journal entries are the initial recording of the business transactions in the books of accounts. The entries are prepared in chronological order .i.e. the order of their occurrence. This helps the accountant to prepare the general ledger accounts of each account head. Journal entries can record unique items or recurring items such as depreciation or bond amortization. In accounting software, journal entries are usually entered using a separate module from accounts payable, which typically has its own subledger, that indirectly affects the general ledger.

Thus, in the given journal entry Accounts receivable is $10,700.

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