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-Dominant- [34]
3 years ago
7

A firm has the following gross requirements for Item OF. Ordering costs are $60 per order and carrying costs are $0.50 per perio

d.
Item F Period
LT: 1 1 2 3 4
Gross Requirements 60 40 80 60
Schedule Receipts
Project on Hand 100
Net Requirements
Planned Order Receipts
Planned Order Releases

If EOQ lot sizing is used the minimum order quantity would be:_______

a. 85
b. 100
c. 120
d. 150
Business
1 answer:
aleksley [76]3 years ago
5 0

Answer:

c. 120

Explanation:

The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The formula for Economic order quantity is represented by the formula:

EOQ = \sqrt{\frac{2*Demand*Ordering Cost}{Holding cost} }

EOQ = \sqrt{\frac{2*240*60}{0.5} }

EOQ = 120

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After a customer buys a computer or receives service from Top Computers and Service, a service representative contacts each cust
Pepsi [2]

Answer:

False

Explanation:

Customer review also called customer feedback form is an input for a company, as this acts as an input for maintaining and meeting the standards of performance.

With the help of customer feedback the organization can ensure the performance, and can work on the weaker sections in the performance, for which users have complaint.

Thus, in the given instance also, the survey information is a form of input.

Thus, the above statement in question is

False

6 0
3 years ago
At ABC Services, Inc., all employees share a common set of beliefs and values that influence their behavior. This refers to orga
pogonyaev

Answer:

Organizational Culture

Explanation:

Organizational Culture -

It refers to the beliefs , expectation , values , experiences offered or required by an organisation , is referred to as organizational culture .

Having common customs , beliefs and working culture , makes the working life of the employees easy and convenient in the organisation .

Hence , a good and proper organizational culture is very important to have a good organization .

Hence , from the given scenario of the question ,

The correct answer is Organizational Culture .

7 0
3 years ago
Colfax Corporation's financial statements for the current year include the following: Income from continuing operations before t
crimeas [40]

Answer:

$1,439,600 $780,400 − $84,000 + $743,200 = $1,439,600; the non-recurring loss is already included in income from continuing operations is the correct answer.

Explanation:

3 0
3 years ago
Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on direct labor-hours at a rate of $
attashe74 [19]

Answer:

$1,702 , $1,497, and $1,957

Explanation:

The computation of the total cost is shown below:

Particulars Strawberry Vanilla Chocolate

Direct Labor $766          $841  $1,141

Direct Material  $816          $516  $616

Overhead   $120               $140        $200

                        (60 × 2)           (70 × 2)   (100 ×2)

Total Cost   $1,702           $1,497    $1,957

We simply added the direct labor cost, direct material cost and the overhead cost so that the total cost could come

8 0
3 years ago
It is necessary to retain information for two significant reasons: legal obligation and business needs. Data that occupies the c
baherus [9]

Answer:

The correct answer is letter "B": business.

Explanation:

Business data represents the information of the transactions a company carries out as a result of its operations. Information about suppliers and customers is recorded for control purposes and, mainly, to cover the legal obligation to report the accounting analysis of the firm in the Financial Statements.

Besides, the accounting information of a firm allows managers to compare budget expectations with the current performance of the company to take decisions on what course the entity should follow to reach its objectives.

6 0
3 years ago
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