Answer:
Re-order time 1 month
Explanation:
EOQ = 
D= 450 units
S=10
H=30%
EOQ=
= 39 units
Number of units D/EOQ = 450/39 = 12
re-order time = total period / Number of orders = 1 year /12
= 1 month
Answer:
The ADR is $100
Explanation:
The average daily rate (ADR) for a hotel is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold.
In the scenario presented above, the lodge has one hundred rooms, but sold only ninety rooms, making $9,000. Therefore, we calculate the ADR as follows:
=> $9,000/90
=> $100.
Therefore the average daily rate is $100, meaning that, on average $100 was made per room that was sold.
Answer:
it acts as a stimulus to a market
Explanation:
an incentive is the extra money given to an employee for the constant hard work done,this can therefore act as a stimulus.
I hope this helps
If labor costs are 60 percent of production costs, then a 15 percent increase in wage rates would increase production costs by <u>9 percent.</u>
<h3>
What are labor costs?</h3>
- The total of all employee wages, employee benefits, and payroll taxes paid by an employer constitutes the labor costs. Direct and indirect (overhead) labor costs are separated.
- While indirect costs are related to labor costs, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- While indirect costs are related to support labor, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- The price of goods or services may fluctuate away from their genuine cost if labor costs are poorly allocated or evaluated, which could hurt earnings.
To learn more about labor costs with the given link
brainly.com/question/5427701
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It is called the law of demand and supply whereby when the supply of commodity increases, the need reduces. The market becomes flooded with the items while the number of customers is constant. Moreover, when the supply of a good diminishes its demand goes up.
