The catering manager of lavista hotel, lisa ferguson, is disturbed by the amount of silverware she is losing every week. last friday night, when her crew tried to set up for a banquet for 500 people, they did not have enough knives. she decides she needs to order some more silverware, but wants to take advantage of any quantity discounts her vendor will offer.
> for a small order (2, 000 pieces or less) her vendor quotes a price of $1.80/piece.
> if she orders 2,001 to 5000 pieces, the price drops to $1.60/piece.
> 5,001 to 10,000 pieces brings the price to $1.40/piece.
> 10,001 and above reduces the price to $1.25/piece.
lisa's order costs of $205 per order, her annual holding costs are 5%, and the annual demand is 47,000 pieces. for the best option, (the best option is the price leve that results in an eoq within the acceptable range).
a) what is the optimum ordering quantity?
b) what is the annual holding cost?
c) what is the annual ordering cost?
d) what are the annual cost of the silverware with an optimal order quantity?
e) what is the total annual cost, including ordering, holding, and purchasing the silverware?

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

Which of these is an example of innovation?