Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. silver screen company is a distributor of videotap

Silver Screen Company is a distributor of videotapes. Kilo Video Rental Company is a local...

80.2K

Verified Solution

Question

Accounting

image
Silver Screen Company is a distributor of videotapes. Kilo Video Rental Company is a local retail outlet which sells blank and recorded videos. Kilo Video Rental Company purchases tapes from Silver Screen Company at 5.00 per tape; tapes are shipped in packages of 25. Silver Screen Company pays all incoming freight, and Kilo Video Rental Company does not inspect the tapes due to Silver Screen Company's reputation for high quality. Annual demand is 104,000 tapes at a rate of 2,000 tapes per week. Kilo Video Rental Company earns 15% on its cash investments. The purchase- order lead time is one week. The following cost data are available: Relevant ordering costs per purchase order 94.50 Carrying costs per package per year: Relevant insurance, materials handling, breakage, etc., per year 3.50 What is the annual total costs of inventory management? a. 6,150.50 b. 4,182.56. c. 2,560.20. d. 1,951.70

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Discuss the finding of Modigliani and Miller in a world with taxes in regards to the...

Finance
Q

Let A = {a1,...,an} be a set of real numbers such that ai >= 1 for...

Advance Math
Q

Universal Set U 3 5 6 7 10 11 12 Subset B 10 What is...

Geometry
Q

Find all six trigonometric functions of 0 if the given point is on the terminal...

Basic Math
Q

Use the following triangle to find the value of the indicated trigonometric function. Rationalize any...

Basic Math
Q

Project motion of a model rocket When a model rocket is launched the fuel burns...

Calculus
Q

The financial records of Skysong Inc. were destroyed by fire at the end of 2025....

Accounting
Q

Which of the following salaries would most likely be considered a product cost?a. Factory plant...

Accounting
Q

Question 11 The following December 31,2024, fiscal year-end account balance information is available...

Accounting
Q

A company received dividends of $0.35 per share on 309 shares of stock it holds...

Accounting
Q

You annually invest $1,500 in an individual retirement account (IRA) starting at the age of...

Finance
Q

How to use accounting ratios to benchmark corporations performance.

Finance