Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 pounds per month. RIM orders the rice from a distributor in India at an ordering cost of $50 per order. Rice costs $5 per pound, and annual carrying charge is 15%. Answer question 7-11 based on this information.What is the annual ordering cost (based on the rounded up number of orders)?
A. $250
B. $200
C. $150
D. $175
Answer: A
You might also like to view...
What are the advantages and disadvantages of online marketing communications?
What will be an ideal response?
When considering persuasive claims and requests for adjustments, most claims are routine and use the direct approach
Indicate whether the statement is true or false.
What is independence, and why is it important for a CPA to maintain it when conducting an audit?
For Year 1, the Sacramento Corporation had beginning and ending Retained Earnings balances of $208,054 and $231,012 respectively. Also during Year 1, the corporation declared and paid cash dividends of $29,000 and issued stock dividends valued at $16,000. Total expenses were $32,916. Based on this information, what was the amount of total revenue for Year 1?
A. $68,158 B. $143,154 C. $179,132 D. $100,874