FNSACC511 - Provide Financial & Business Performance Information - Finance Assignment Help

Assignment Task

Question 01:

Barry’s Belts has a stock item with an Economic Order Quantity of 800 units.
• Lead time is one week.
• Safety stock level is two weeks usage.
• Annual usage over a 52 week year is 52,000 units in total.
• Cost per order is $50.
• Carrying cost per unit per annum is $2.03.
• The cost per unit paid to the supplier is $20.
 

Required:
(a) Calculate under the above EOQ conditions:
• The order costs per annum.
• The carrying costs per annum.
• The amount paid to the supplier for a year.
 

(b) A new supplier is offering the current price except that she will give a 1% discount for orders of 10,400 units.
Calculate, using the same safety stock as before, the following annual costs if Barry’s Belts Accepts the discount offer:
• The order costs per annum.
• The carrying costs per annum.
• The amount paid to the supplier for a year.
 

Question 02:

Currently
Bob’s Mowers currently sells on a cash basis only. It has average monthly sales of $100,000 with Variable expenses being 30% of the sales price. Variable expenses are paid for at the time of sale. Proposal One (Credit terms of 1 month).
• By offering 1 month credit to all customers, it is thought that total sales will increase by 10%.
• Variable expenses percentage to remain at 30%.
• 40% of customers would pay on time.
• 56% would pay in two months.
• The remainder would become bad debts.
 

Proposal Two
• Total sales and variable expenses as per Proposal One.
• If a discount of 8% were offered to those who pay on time:
» Those who pay on time would increase to 60%.
» No amounts received at 2 months.
» 36% would pay at 3 months.

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