Answer:
D. Holding cost per unit per year is dependent on the selling price per unit.
Explanation:
The formulas are shown below:
Economic order quantity:
= 
The number of orders would be equal to
= Annual demand ÷ economic order quantity
The average inventory would equal to
= Economic order quantity ÷ 2
The total cost of ordering cost and carrying cost equals to
Ordering cost = Number of orders × ordering cost per order
Carrying cost = average inventory × carrying cost per unit
If in the question, the carrying cost is given in the percentage than the per unit cost is come after multiplying it with the selling price per unit
Scarcity is the condition wherein the mean to and end (that is resources required to achieve set goals) are limited in relation to the goals that need to be achieved.
Because of the above, one has to carefully make their choice while allocating the resources accordingly.
<h3>What is opportunity Cost?</h3>
When a choice is made between two competing alternatives, it means that one alternative has to be foregone. The alternative foregone is called the Opportunity Cost.
<h3>
What is a rationing device?</h3>
A rationing device is a system that determines who receives what of limited commodities and resources.
Price is one of the most regularly employed rationing techniques in a capitalistic (market-based) economic system.
Those who are willing and able to pay the price for a certain commodity (or resource) can obtain it.
Learn more about Scarcity:
brainly.com/question/4747543
#SPJ1
Answer:
Retained earnings-Closing = $19,900
Explanation:
Given that,
Revenues = $22,400
Operating Expenses = $15,000
Dividends = $4,500
Retained Earnings(opening) = $17,000
Net Income = Revenues - Operating expenses
= $ 22,400 - $15,000
= $7,400
Statement of Retained Earnings:
Retained earnings-Closing:
= Retained earnings -opening + Net Income - Dividends
= $17,000 + $7,400 - $4,500
= $19,900
