Question
ABC Company supplies plastic crockery to fast food
restaurants in metropolitan city. One of its products is a special bowl, disposable after initial use, for serving soups to its customers. Bowls are sold in pack 10 pieces at a price of Rs.50 per pack. The demand for plastic bowl has been forecasted at a fairly steady rate of 40,000 packs every year. The company purchases the bowl direct from manufacturer at Rs.40 per pack within a three days lead time. The ordering and related cost is Rs.8 per order. The storage cost is 10% per annum of average inventory investment. Calculate the EOQ.Solution
Economic Order Quantity EOQ =Ā ā 2 x A x O / Ci = ā 2 x 40,000 packs x 8 / 40 x 10% = 400 packsĀ
The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
X Ltd. provides you the following information to calculate P/V ratio.
Fixed cost = Rs. 40,000, Break-even point = Rs. 1,00,000
As per RBIās KYC/AML guidelines on wire transfers, the term āBeneficiaryā refers to:
The process of finding present value of a future amount is called:
The manager of a firm is entitled to a commission of 5% of Net profit after charging such commission. Net profit before charging commission is ā¹ 42,00...
A budget that changes with the level of activity is a:
GSTN is a?
Which of the following is a real (or permanent) account?
Total factory overheads = ā¹5 lakh; Direct labour hours = 10,000. Calculate the overhead absorption rate per labour hour.
What is the maximum loan limit prescribed for lending to Self-Help Groups (SHGs) under NABARD guidelines?
