the pita pit borrowed $100,000 on november 1, 2024, and signed a six-month note bearing interest at 12%. principal and interest are payable in full at maturity on may 1, 2025. in connection with this note, what is the amount of interest expense that pita pit should report in its income statement for the year ended december 31, 2024? multiple choice $0 $2,000 $1,000 $6,000
Answers
The interest expense that the Pita Pit should report in its income statement for the year ended December 31, 2024, is $2,000.
Option B is correct .
How to calculate interest expense?The formula for calculating the interest expense is:
Interest expense = Principal × Annual interest rate × Time period
In the given problem, we have the principal amount and the annual interest rate.
We can calculate the interest expense by multiplying the principal by the annual interest rate and the time period in terms of months.
The time period is 2 months (November and December), which is 2/12 or 1/6 of the total time period of 6 months.
Now we can calculate the interest expense as follows:
Interest expense = $100,000 × 12% × 1/6
Interest expense = $2,000
Therefore, the Pita Pit should report an interest expense of $2,000 in its income statement for the year ended December 31, 2024.
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Related Questions
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
They make financial decisions that are not based on their emotions.
They become victims of fraud by those looking to take advantage of the wealthy.
They think over their financial decisions too thoroughly.
The weigh their long- and short-term financial goals before making any decisions.
Answers
Answer:
They become victims of fraud by those looking to take advantage of the wealthy.
Explanation:
The most likely reason that lottery winners often end up with serious financial problems is: “They become victims of fraud by those looking to take advantage of the wealthy.” Hence, Option B is correct.
What does financial problems mean?Financial difficulty is the inability to make either short-term or long-term debt payments. Debt makes managing money more difficult and reduces one's purchasing power.
Up until all obligations are paid, financial issues become a source of worry. It is necessary to find a solution so that debts can be paid back. Students frequently struggle to pay their bills and afford their education, and many of them have poor incomes, limited financial literacy, and many more.
Families are vulnerable to the destructive effects of economic hardship and financial turmoil. Many families lose their houses, automobiles, retirement accounts, valuables, money, health insurance, and other things during hard economic times.
Therefore, Option B is correct.
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office administration.Prepare for filling in order.
Answers
This (office administration) simply means to arrange the above in alphabetical order like this;
An Apple SpotA1 TaxiDriveByFine Foods LtdFirst Caribbean BankMalcolm Stephens & SonsNorth Eastern Funeral AssociationPortsmouth Police StationSt. John's Primary School21 Century Printers.What is office administration?Within a company, office administration is a collection of day-to-day operations connected to the upkeep of an office building, financial planning, record keeping and billing, personal development, physical distribution, and logistics.
Finally, administrative abilities are connected to corporate operations and enhancing office productivity. Communication and organizational abilities, as well as project management, bookkeeping, and time management skills, are among them.
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1. Give short introduction of the professions in public service sector.
Answers
10108282828282828282
a union contract stipulation that an employer will not resist unions attempting to become established elsewhere in the company is called a(n) provision.
Answers
A union contract stipulation that an employer will not resist unions attempting to become established elsewhere in the company is called a neutrality provision.
What are the neutrality provision?The law of neutrality can be described as the body of rules as well as principles which help in the process of regulating the legal relations of neutrality.
It should be noted that the law of neutrality obliges neutral States so as to be able to bring the ncecessary treatment on all belligerent States impartially and to draw back from the provision of the military as well as the assistance to belligerents.
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After extensive research in the CRS, Dan has given up trying to find the transaction type he was looking for. Instead, he has decided to consult international financial reporting standards. What is the most likely reason for this
Answers
The most likely reason why Dan gave up on finding the transaction type he was looking for in the CRS and decided to consult international financial reporting standards is because the transaction type he was looking for may not be covered by the CRS.
CRS refers to the Common Reporting Standard, which is an internationally agreed-upon standard that was developed by the Organization for Economic Co-operation and Development (OECD) to combat tax evasion and promote tax transparency between countries through the exchange of financial account information by financial institutions.
In other words, the CRS is intended to help countries detect and prevent tax evasion by their residents. It was established in response to a growing concern among governments that taxpayers were using offshore accounts to conceal their assets and evade taxes.However, the CRS only covers certain types of financial transactions, and it is possible that the transaction type Dan was looking for is not included in the CRS. Therefore, he had to consult international financial reporting standards, which would be more comprehensive in covering various types of financial transactions to get the necessary information.
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What research will help prepare you before you apply for a job?
Informational interviews on the position and background research on the
company.
Research on the subjects you need to study.
Interviewing friends and family to know if the position is a good fit for you.
Researching the salary for that job.
Answers
Answer:
Informational interviews on the position and background research on the
company.
Explanation:
A job interview helps select a suitable person to fill in the vacant position. The interviewer will ask questions to gauge the candidate's understanding of that position. Research on the positions will give a candidate confidence and content when responding to questions.
Research on the company provides background understanding, which helps them relate the job requirements and the company. This information will help convince interviewers of one suitability on the job. A candidate appears knowledgeable and familiar with what is expected of them.
condiments company uses standards to control its materials costs. assume that a batch of ketchup (1,400 pounds) has the following standards: standard quantity standard price whole tomatoes 2,300 lbs. $0.40 per lb. vinegar 130 gal. 2.40 per gal. corn syrup 11 gal. 8.90 per gal. salt 52 lbs. 2.20 per lb. the actual materials in a batch may vary from the standard due to tomato characteristics. assume that the actual quantities of materials for batch 08-99 were as follows: 2,400 lbs. of tomatoes 125 gal. of vinegar 12 gal. of corn syrup 51 lbs. of salt a. determine the standard unit materials cost per pound for a standard batch. if required, round amounts to the nearest cent.
Answers
The standard unit materials cost per pound for a standard batch of ketchup is $0.63.
To determine the standard unit materials cost per pound for a standard batch, we need to calculate the total cost of each ingredient and divide it by the total weight of tomatoes.
Here are the calculations:
Total cost of whole tomatoes: 2,300 lbs. x $0.40 per lb. = $920
Total cost of vinegar: 130 gal. x $2.40 per gal. = $312
Total cost of corn syrup: 11 gal. x $8.90 per gal. = $97.90
Total cost of salt: 52 lbs. x $2.20 per lb. = $114.40
Total cost of all ingredients: $920 + $312 + $97.90 + $114.40 = $1,444.30
Standard unit materials cost per pound: $1,444.30 / 2,300 lbs. = $0.63 per pound
Therefore, the standard unit materials cost per pound for a standard batch of ketchup is $0.63.
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for which kind of meeting should analysts not spend time creating products that show weekly or monthly counts of crime?
Answers
Analysts should not spend time creating products that show weekly or monthly counts of crime for operational meetings.
Operational meetings typically focus on day-to-day activities, immediate issues, and tactical decisions. They are more concerned with addressing current challenges, allocating resources, and ensuring smooth operations. Weekly or monthly counts of crime may not be directly relevant to the specific tasks and decisions discussed in operational meetings.
Instead, weekly or monthly counts of crime are more suitable for strategic or analytical meetings where broader trends, patterns, and long-term planning are discussed. These types of meetings involve higher-level decision-making, resource allocation, and strategic direction. Analyzing crime trends over time can help identify patterns, allocate resources strategically, and develop long-term crime prevention strategies.
Therefore, it is important for analysts to align their products and data presentations with the purpose and focus of the meeting. Operational meetings may prioritize more immediate and tactical concerns, while strategic or analytical meetings are better suited for discussing long-term trends and patterns.
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a modern cost allocation process that employs multiple cost drivers is:multiple choice contribution costing.job order costing.activity-based costing.process costing.
Answers
The predicted (budgeted) overhead expenditures for the year are divided by the anticipated (budgeted) level of activity for the year to arrive at the predetermined overhead rate.
The proper response is that volume measures are effective drivers of fixed overhead expenses. When the level of activity is quantified in machine hours and direct labor hours, a volume measure is utilized in plant facilities to provide results. It is distinct from the entity used to calculate the budget denominator, which is used to calculate the fixed overhead standard rate. The variance is unfavorably if the denominator of hours is greater than the maximum allowed, and favorably if the converse is true. Predetermined overhead rate, which is often calculated at the start of each period by dividing the projected manufacturing overhead cost by an allocation basis, is used to apply manufacturing overhead to goods or task orders (also known as activity base or activity driver).
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a common argument in favor of restricting international trade in good x is based on the premise that
Answers
Answer:
trade restrictions can be useful when one country bargains with its trading partners.
Explanation:
Which depreciation method generally results in the lowest net income for the first year a plant asset is utilized?.
Answers
The double declining-balance is a depreciation method generally results in the lowest net income for the first year a plant asset is utilized.
What is double declining balance (DDB) method all about?The double declining balance method can e explained as type of declining balance method that uses double the normal depreciation rate.
Some of the Depreciation rates used are;
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2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to
calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the
estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
Answers
Answer:
=([Cost] * 1.07)
Explanation:
The question has missing details.
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
\(Total = Cost * (1 + Sales\ Tax)\)
\(Total = Cost * (1 + 7\%)\)
Convert percentage to decimal
\(Total = Cost * (1 + 0.07)\)
\(Total = Cost * 1.07\)
Hence, the Excel equivalent is:
=([Cost] * 1.07)
Answer:
=([Cost] * 1.07)
Explanation:
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
Total = Cost x ( 1 + Sales Tax )
Total = Cost x ( 1 + 7% )
Convert percentage to decimal
Total = cost x ( 1 + 0.07 )
Total = Cost x 1.07
Hence, the Excel equivalent is:
=([Cost] * 1.07)
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You have learned about a noncash expense in a previous lesson, what was it? HINT: it relates to the company's use of its equipment
Answers
Answer:
Non cash expenses are the charges incurred by a company that educes the earnings and not the cash flows of a company.
Explanation:
A non-cash charge is defined as the accounting expenses or the write down expenses which does not involve a cash payment. The depletion, depreciation, stock-based compensation, amortization and the asset impairments are the common non cash charges which reduces the earnings but not the cash flows.
Non-cash expenses relates to he use of a company's equipment and tools which is used to run the company and which encounters depreciation and a degradation in its value or cost. Thus they are considered as the non cash expenses of a company.
Which of the following set is correctly depicting the same type of production: I. bridges, fishing, rum II. Hotel worker, processed coffee, sugar
III. furniture, clothing, roadway IV. all the above
Answers
Each sector of the economy involves a different type of production process.
Which of the following set is correctly depicting the same type of production?The correct set that is depicting the same type of production is set II, which includes hotel worker, processed coffee, and sugar.
In set II includes hotel workers, processed coffee, and sugar. Hotel workers are part of the service sector, which involves providing intangible goods and services such as hospitality, entertainment, and transportation. Processed coffee and sugar are part of the manufacturing sector, which involves the transformation of raw materials into finished goods for consumption. These items are all related to the same sector of the economy, which is the service and manufacturing sector.
In contrast, set I includes a mix of production types. Bridges are part of the construction sector, fishing is part of the primary sector (which involves extracting natural resources), and rum is part of the manufacturing sector. These items are not related to the same type of production.
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Real gdp per person is $10,000 in country a, $20,000 in country b, and $30,000 in country c. the saving rate increases by the same rate in all three countries. other things equal, we would expect that?
Answers
Real gdp per person is $10,000 in country. If the saving rate increases by the same rate in all three countries (A, B, and C), other things being equal, we would expect increased savings, potential economic growth, capital accumulation, increased investment, and improved personal financial security.
When the saving rate increases, individuals in all three countries are saving a larger proportion of their income. This leads to increased savings in each country, which can contribute to economic growth by providing more funds for investment in productive activities. With higher savings, there is also the potential for capital accumulation, which refers to the growth of physical and human capital. This can result in increased productivity and improved living standards. The availability of more savings can attract investors and stimulate investment activities, further supporting economic growth. Additionally, higher savings can lead to increased personal wealth and financial security for individuals as they accumulate assets and create a foundation for future economic well-being. However, the actual outcomes may depend on various factors and the efficient allocation of savings in each country.
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the lower-of-cost-or-market rule requires a company to ________.
Answers
Answer:
value its inventory
Explanation:
In the lower of cost or market inventory valuation method, as the name implies, inventory is valued at the lower of original cost or market value.
In 18th century, what was the main reason of slow down of Indian Foreign Trade
Answers
Answer:
Introduction to India’s Foreign Trade:
Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.
India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.
Explanation:
Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploitation. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’
To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.
The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.
In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.
a well-known fortune 500 ceo dresses up in a different outlandish costume each year for his presentation during the annual stockholder meeting. the presentation is broadcasted to all divisions and offices of the firm and employees enthusiastically view the proceedings. this scenario is an example of what visual element of culture? group of answer choices stories
Answers
The scenario described is an example of a ritual as a visual element of culture.
The CEO's annual costume presentation during the stockholder meeting has become a repeated and highly anticipated event for the employees, which adds to the symbolic meaning of the event and reinforces the culture of the organization. The visual aspect of the CEO's costume adds to the ritualistic nature of the event and helps to create a shared identity and sense of belonging among employees.
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8) If scrap is returned to the company's storeroom and inventoried, it should NOT have any value in the accounting records.
a.true
b.false
Answers
b. false
Scrap returned to the company's storeroom and inventoried may still have some value in the accounting records. The value of scrap can be recorded as a potential source of revenue or as a reduction in expenses, depending on the accounting treatment chosen by the company.
The company is a dynamic organization operating in a competitive market. With a workforce of dedicated employees, it strives to deliver high-quality products and services to its customers. Innovation and adaptability are key pillars of its success, as it constantly seeks ways to improve and stay ahead of the competition. The company maintains a strong focus on customer satisfaction, aiming to build long-lasting relationships and meet their evolving needs. Through effective management and strategic decision-making, it aims to achieve sustainable growth and maximize shareholder value. With a solid reputation and a commitment to ethical practices, the company aims to be a responsible corporate citizen.
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Investment: Securities 1.7. Choose any form of investment and make a presentation in a form of a power Point/ cue cards. Submit your PowerPoint presentation/ Q- cards as evidence to your teacher. Use the following factors to consider when making investment decisions to explain the impact of the form of investment of your choice. S 1.7.1 Liquidity 1.7.2 Risk
Answers
Liquidity and risk are two crucial aspects to take into account when making investment decisions.
The ease with which an investment can be changed into cash without suffering a large loss in value is referred to as liquidity. The liquidity of various investment types varies in various ways.
The uncertainty and possibility of loss connected to investment are referred to as risk. Risk levels are different for various investment vehicles.
The potential for bigger profits on investments with a higher level of risk is also accompanied by a greater likelihood of loss. Although they could offer more consistency, lower-risk investments may also produce lower returns.
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a large company is trying to decide which of two health insurance plans to offer its employees. plan a has a high monthly premium and a low deductible, and plan b has a low monthly premium and a high deductible. adverse selection is likely to be a bigger problem with
Answers
Adverse selection is likely to be a bigger problem with Plan A, which has a high monthly premium and a low deductible.
Adverse selection occurs when individuals with higher risks or more health issues are more likely to choose a specific insurance plan. In this case, employees with more health concerns may opt for Plan A, since it has a low deductible, meaning they will pay less out-of-pocket for medical expenses.
This can lead to higher overall costs for the company, as the insurer will have to cover more expensive claims. Conversely, healthier employees may choose Plan B with a lower premium, resulting in a riskier pool of insured individuals in Plan A.
To mitigate adverse selection, the company could consider offering a balanced plan or implementing wellness programs to promote healthier behaviors among employees.
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Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, what are some common skills needed by Lawyers? Select four options.
installation
active listening
speaking
critical thinking
reading comprehension
equipment maintenance
Answers
The common skills needed by lawyers are active listening, speaking, critical thinking and reading comprehension.
The skills can be noted as -
Active Listening - To completely comprehend their viewpoints and obtain all pertinent facts, attorneys need to listen intently to their clients, witnesses, and other parties involved in a case.Speaking - Lawyers need to be able to communicate clearly both orally and in writing with their clients, juries, judges, and other lawyers.Critical Thinking - Lawyers must be able to evaluate intricate legal issues and create plans for resolving conflicts and attaining their clients' objectives.Reading comprehension - Complex legal papers, court rulings, and other important items must be read and understood by lawyers.Read more about lawyers on:
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Which of the following best defines goal?
a. aim or purpose
b. disregard or disrespect
c. freedom from doubt
d. influence
Answers
Because a goal is a target that your trying to accomplish
Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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angela, inc., holds a 90 percent interest in corby company. during 2020, corby sold inventory costing $123,500 to angela for $190,000. of this inventory, $45,800 worth was not sold to outsiders until 2021. during 2021, corby sold inventory costing $102,300 to angela for $186,000. a total of $57,000 of this inventory was not sold to outsiders until 2022. in 2021, angela reported separate net income of $182,000 while corby's net income was $103,500 after excess amortizations. what is the noncontrolling interest in the 2021 income of the subsidiary?
Answers
The first step in calculating the noncontrolling interest in the 2021 income of the subsidiary is to determine the total income of the subsidiary for the year. Since Angela holds a 90% interest in Corby, it means that the noncontrolling interest is 10%.
The total sales from Corby to Angela in 2021 were $186,000, and since $57,000 worth of inventory was not sold to outsiders until 2022, it means that $129,000 worth of inventory was sold to outsiders in 2021. Therefore, the cost of goods sold for 2021 is $102,300.
To calculate the net income of the subsidiary for 2021, we subtract the cost of goods sold from the total sales and then subtract any excess amortizations. This gives us $186,000 - $102,300 - $5,200 = $78,500.
Since Angela holds a 90% interest in Corby, it means that the noncontrolling interest is 10%, which is equal to $7,850 (10% of $78,500). Therefore, the noncontrolling interest in the 2021 income of the subsidiary is $7,850.
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Name at least 2 challenges and at least 2 opportunities for managers in using Organizational Behavior (OB) concepts?
Answers
Answer: Improving Peoples’ Skills
Improving Customer Service
Explanation:
Two challenges and opportunities for managers in using Organizational Behavior (OB) concepts are;
Improving Peoples’ Skills
Improving Customer Service
Improving People's skills would be seen as seeing the people develop in various field and sector where they are performing and an avoidance of this affects the growth of the organization.
Improving the customer service improves the face of the business, once this is catered for, it gives a good reputation about the company.
what method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making?
Answers
Alternative dispute resolution is the method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making.
What do you mean cost?A cost is the value of money that's been used to create something or deliver a service and is now unavailable for use in manufacture, doing research, selling it to consumers, and preserving bank documents. When calculating a purchase price, the sum of the acquisition's costs is taken into account.
What are cost examples?Raw materials, personnel, and other output expenditures such as distribution charges are all called strategic costs. It is simple to link the expense to a specific project, division, or product.
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In job order costing, the journal entry for the flow of direct materials into production consists of a group of answer choices debit work in process, credit materials debit work in process, credit supplies debit materials, credit work in process debit factory overhead, credit materials
Answers
In job order costing, the journal entry for the flow of direct materials into production is Debit work in process, credit materials.
When clients purchase discrete, tiny quantities of goods, a mechanism called job order costing is used. This approach establishes the cost of each particular product and makes sure that it is affordable enough for a client to buy it while yet enabling the business to turn a profit.
The cost of the partially finished products is tracked using the asset account known as the work-in-process inventory account. The value of the WIP inventory that was accessible at the beginning of the accounting period is included in the work-in-process inventory account.
Credit Materials are the references and attributions that include the appropriate symbols, graphics, and text that designate a Party as the creator of the Content (where applicable).
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Firms that generally act only when forced to do so, and then in a defensive manner are A. Interactive companies.B. Proactive companiesC. Reactive companiesD. Inactive companies
Answers
Reactive businesses are those that typically only respond when compelled to, and then only defensively. Proactive businesses are: Much less likely to be caught off guard by crises and unfavorable surprises.
The phrase "hostile takeover" describes when a company is acquired by another without the prior company's consent. In a hostile takeover, the target company is referred to as the acquirer, while the party carrying out the takeover is referred to as the acquiring business. In a hostile takeover, the assailant actively approaches the company's shareholders or campaigns to oust the management in order to obtain shareholder approval for the acquisition. An offer to tender or a proxy fight are typically used to approve a hostile takeover.
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the metropolitan bus company (mbc) purchases diesel fuel from american petroleum supply. in addition to the fuel cost, american petroleum supply charges mbc $200 per order to cover the expenses of delivering and transferring the fuel to mbc's storage tanks. the lead time for a new shipment from american petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.04 per month, or $0.48 per year; and annual fuel usage is 120,000 gallons. mbc buses operate 300 days a year. (a) what is the optimal order quantity for mbc? 10000 correct: your answer is correct. (b) how frequently should mbc order to replenish the gasoline supply? 1 order correct: your answer is correct. per month correct: your answer is correct. (c) the mbc storage tanks have a capacity of 12,500 gallons. should mbc consider expanding the capacity of its storage tanks? the maximum inventory is incorrect: your answer is incorrect. . mbc does not need correct: your answer is correct. to expand its storage tanks. (d) what is the reorder point (in gallons)? incorrect: your answer is incorrect. gallons
Answers
The optimal order quantity for MBC is 10,000 gallons of diesel fuel.
MBC should order fuel once a month to replenish their supply. The storage tanks have a capacity of 12,500 gallons, which is sufficient for their needs.
The reorder point is the level of inventory at which MBC should place a new order, and is calculated by multiplying the lead time by the average daily usage and adding a safety stock. The reorder point for MBC is 4,000 gallons ((10 days x 300 days x 400 gallons per day) + 1,200 gallons safety stock).
Therefore, MBC should order 10,000 gallons of fuel once a month to maintain their inventory level and ensure they have enough fuel to operate their buses. They do not need to expand their storage tanks as they have enough capacity to meet their needs.
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