Gentle ben's bar and restaurant uses 7,400 quart bottles of an imported wine each year. the effervescent wine costs $5 per bottle and is served only in whole bottles because it loses its bubbles quickly. ben figures that it costs $10 each time an order is placed, and holding costs are 30 percent of the purchase price. it takes two weeks for an order to arrive. weekly demand is 148 bottles (closed two weeks per year) with a standard deviation of 30 bottles.'ben would like to use an inventory system that minimizes inventory cost and will provide a 90 percent service probability. a. what is the economic quantity for ben to order? (round your answer to the nearest whole number.) economic order quantity bottles b. at what inventory level should he place an order? (use excel's normsinvo function to find the correct critical value for the given α-level. do not round intermediate calculations. round "z" value to 2 decimal places and final answer to the nearest whole number.) inventory level bottles

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

For each example identify the most appropriate ctso

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be