A company produces and sells 2,500 sets of silverware each year. Each production run has a fixed cost of $200 and an additional cost of $5 per set of silverware. To store a set for a full year costs $4. What is the optimal number of production runs the company should make each year

i X Х Requirements 1. Journalize any required entries. 2. At what amount should the company report merchandise inventory on the balance sheet? 3. At what amount should the company report cost of goods sold on the income statement? 4. Which accounting principle or concept is most relevant to this situation? Print Done Some of K and B Electronics's merchandise is gathering dust. It is now December 31, 2018, and the current replacement cost of the ending merchandise inventory is $22,000 below the business's cost of the goods, which was 595,000. Before any adjustments at the end of the period, the company's Cost of Goods Sold account has a balance $390,000 Read the requirements, Requirement 1. Journalize any required entries. (Record debita first, then credits. Select the explanation on the last line of the journal entry table. For situations that do not require an entry, make sure to select "No Entry Required in the first cell in the "Accounts" column and leave all other cells blank.) The required journal entry would be: Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. At what amount should the company report merchandise inventory on the balance sheet? K and B should report merchandise inventory on the balance sheet at Requirement 3. At what amount should the company report cost of goods sold on the income statement? K and B should report cost of goods sold on the income statement at Requirement 4. Which accounting principle or concept is most relevant to this situation? is the reason to account for merchandise inventory at V directs accountants to decrease the accounting value of an asset if it appears unrealistically high.

Jill plans to publish a book based on her experiences to inspire young entrepreneurs. to help protect her publishing rights, she should register a ____.

Because of large reserves that center around the Persian Gulf, the Middle East often produces as much as two-thirds of the world’s supply of __________.A. water
B. cattle
C. coal
D. petroleum

Pat is something of a cheerleader around his team. He shares his vision and expresses his confidence in his team's ability to achieve his vision. He is quick to compliment and acknowledge team members' accomplishments, and he is enthusiastic about their successes. According to revised path-goal theory, Pat is using a(n) ________ leadership style.

At times, someone with a good credit rating may not be able to get a loan. When this happens, the potential customer may be told to try again in the near future. What does this tell you about the bank’s reserves? How should the customer react to a situation like this?

Select the items that describe how the government is involved in the economy.A: provides public goods
B: collects taxes
C: enforces antitrust laws
D: imposes price floors and ceilings
E: carries out fiscal policy