Question

In: Finance

for a firm that assumes 52 weeks a year, every 6 years there will be extra...

for a firm that assumes 52 weeks a year, every 6 years there will be extra days that accumulates 53 weeks in a year. which one of the following financial statement does this uneven number of week in a year affect the least
a. balmace sheet
b. income statement
c. other compreohensive imcome statement

Solutions

Expert Solution

jeff jeffy answered 1 year ago
Next > < Previous

Related Solutions

Your firm uses a continuous review system and operates 52 weeks per year. One of the...
Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Demand (D) = 20,000 units/year Ordering cost (S) = $40/order Holding cost (H) = $2/unit/year Lead time (L) = 2 weeks Cycle-service level = 95 percent Demand is normally distributed, with a standard deviation of weekly demand of 100 units. Current on-hand inventory is 1,040 units, with no scheduled receipts and no backorders. a. Calculate the item’s EOQ. What...
Your firm uses a continuous review system and operates 52 weeks per year. One of the...
Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Refer to the Z values. >Demand (D) = 20,600units / (year) >Ordering cost (S) = $45.00/order >Holding cost (H)=$3.00/unit/year > Lead (L) = 1 weeks >Cycle-service |evel=96% >Demand is normally distributed, with a standard deviation of weekly demand of 103 units. >Current on-hand inventory is 1,040 units, with no scheduled receipts and no backorders. The item's economic order quantity...
Births are approximately Uniformly distributed between the 52 weeks of the year. They can be said...
Births are approximately Uniformly distributed between the 52 weeks of the year. They can be said to follow a Uniform distribution from 1 to 53 (a spread of 52 weeks). Round answers to 4 decimal places when possible. The mean of this distribution is The standard deviation is The probability that a person will be born at the exact moment that week 52 begins is P(x = 52) = The probability that a person will be born between weeks 20...
Construction labor is budgeted on the basis of 52 weeks per year. Construction labor is budgeted...
Construction labor is budgeted on the basis of 52 weeks per year. Construction labor is budgeted on the basis of 40 hours per work week (Assuming overtime premiums) A contractor employs his labor force for the full year of 1,676 hours with a company policy that recognizes the following: 5 paid holidays per year.- 103 hours of paid leave per year, per employee. For estimating purposes what are standard costs/hours for how many work hours are available for productive work...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. >Demand 95 bags/week >Order cost $56/order >Annual holding cost = 30 percent of cost >Desired cycle-service level = 99 percent >Lead time = 4 week(s) (28 working days) >Standard deviation of weekly demand = 20 bags >Current on-hand inventory is 325 bags, with no...
A person can choose to work any amount from 0 to 52 weeks per year at...
A person can choose to work any amount from 0 to 52 weeks per year at a wage of $1000 per week. (12 points) For each of the scenarios below, indicate whether the proposed change will increase or decrease the number of weeks that this person will work, or if the effect is uncertain. Justify your answer by stating whether the change in the budget constraint leads to an income effect, a substitution effect, or both, and draw the new...
Suppose that a consumer earns wage income of $450 per week, and 52 weeks per year...
Suppose that a consumer earns wage income of $450 per week, and 52 weeks per year a. Construct a yearly income-leisure constraint. b. If the consumer chooses 20 weeks for work, graphically explain this choice of work and leisure behavior. c. The government considers to offer an income supplement program of $200 per week, or the maximum of $10400 per year for this consumer. If the government wants to avoid detracting from this consumer’s current motivation to work, what policy...
Estimate the cost of routine use of a 2.50 kW handheld hair dryer for 1 year (52 weeks)
Estimate the cost of routine use of a 2.50 kW handheld hair dryer for 1 year (52 weeks). Assume that a person uses the hair dryer on average for 18 minutes each day, 4 times per week.
Problem 1:    An ophthalmologist’s office operates 52 weeks per year. It purchases disposable contact lenses...
Problem 1:    An ophthalmologist’s office operates 52 weeks per year. It purchases disposable contact lenses for $11.70 per pair. The following information is available about these lenses. Demand = 90 pairs/week Order cost = $54/order Annual holding cost = 27% of purchasing cost Desired cycle-service level = 80% Lead time = 3 weeks Standard deviation of weekly demand = 15 pairs Current on-hand inventory is 320 pairs, with no open orders or backorders. Part I   Currently, the company uses...
A full-time technician working in the local Walk-In Clinic is paid $62,000 per year (52 weeks)...
A full-time technician working in the local Walk-In Clinic is paid $62,000 per year (52 weeks) and works 40.0 hours per week over 5 days. The fringe benefit rate is 31 percent. In 2011, a technician gets 8 holidays (Walk-In Closed), 5 sick days, and 10 vacation days. How many full-time equivalent (FTE) technicians are required to staff the local Walk-In Clinic, 8 am to 7 pm on weekdays, and 9 am to 1 pm on Saturdays? Assume that two...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT