Answer:
Option E
The annual ordering cost is more than $1150
Explanation:
The ordering costs include all the clerical, administrative and transportation costs associated with placing an order.
Annual ordering cos = ordering cost per order × number of order
No of order = Annual demand/order quantity
= 1908/67= 28.47 orders
Annual ordering cost = 28.47× 45= $1281.49
Annual ordering cost =$1281.49
The annual ordering cost is more than $1150
Answer:
A) Breach, because the latter express warranty is valid.
Explanation:
Based on the scenario being described within the question it can be said that the result would be a breach. This is mainly due to the fact that the box stated that "will protect your feet in temperatures down to 30° below zero." and this is a valid express warranty that is being marketed by the company that created the product. Therefore since the temperature did not go below 30 and Ron still suffered frostbite then he can rightfully sue.
Answer:
Ai Lun estimate that real rate would be 1%
Explanation:
The Formula for the Real Rate of Return is
Real rate of return =Nominal interest rate - Inflation rate
In this case ,
Nominal interest rate =3%
Inflation rate is given by the rising of the consumer prices =2%
So,
Real rate of return =3% - 2%
Real rate of return=1%
Answer: d. Inefficiently high quality of the good being sold.
Explanation: a binding price ceiling is the legal maximum that is imposed on a good when the market clearing price is above the ceiling price. This leads to a shortage of goods in the market. Since consumers do not get all they want the ongoing price, it leads to wasted time of the consumers looking for the good, inefficiently low transaction cost and inefficient allocation of goods to the consumers.
However, it does not lead to inefficiently high quality of the good being sold. As quality of good is not linked to the price ceiling.
