A power plant in California uses coal at the rate of 100,000 pounds each day. It also
uses MRO material at the rate of 1,000 pounds each day. The coal comes from
Wyomung and the MRO material comes from Chicago. Coal costs $0.01 per pound,
whereas MRO material costs $10 per pound, on average. Holding costs at the power
plant are 25 percent. Transportation choices available are as follows:
Train
Lead Time = 15 days
Carload (100,000 pounds) at $400 per carload
Full train (70 cars) at $15,000 per train
Truck
Lead time = 4 days
Minimum cost = $100
Upto 10,000 pounds at $0.08 per pound
Between 10,000 and 20,000 pounds at $0.07 per pound for entire load
Between 25,000 and 40,000 pounds at $0.06 per pound for entire load
Small TL (40,000 pounds) for $2,000
Large TL (60,000 pounds) for $2,600
Safety inventory of coal and MRO materials is kept at twice the consumption during
the lead time of supply. What mode of transport do you recommend for each of the
two products? Why?

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.