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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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Action verbs you might use on a job application
kirill [66]
Accomplished, Achieved, Active in, Awarded, Assisted, Broadened, Built, Chaired, Championed, Completed, Delegated, Distinguished, Enacted, Enhanced, Facilitated, Formulated, Graduated, Granted, Handled, Helped, Implemented, Improved, Increased, Initiated, Joined, Kept, Led, Licensed, Managed, Mastered, Navigated, Netted, Obtained, Outlined, Performed, Placed, Qualified, Received, Recorded, Secured, Served, Taught, Trained, Understudied, Undertook, Verified, Volunteered, Widened, Worked.

Hope these help!!!




4 0
3 years ago
Which of the following is a disadvantage of the corporation form of ownership?
Hoochie [10]

Answer:

Option C, Double taxation on profits and individuals

Explanation:

The disadvantages of the corporation form of ownership are as follows -

a) It takes lot of time and hence is time consuming

b) The taxation gets double

c) Also, the formalities/protocols are very tough

Hence, the option C is correct

5 0
3 years ago
Altoona Corporation has two divisions, Hinges and Doors, which are both organized as profit centers. The Hinge Division produces
Luden [163]

Answer:

Minimum transfer price = $21

Explanation:

<em>Transfer price is the price at which goods are exchange between branches or divisions of the same group</em>

<em>Where  a division is operating at the less than the existing capacity, to optimist the group profit, the minimum transfer price should be set as follows</em>

Minimum transfer price = Variable cost

Note that the fixed of $12 per unit (i.e 33-21) is irrelevant for this purpose, whether or not Hinges produces, it will be incurred either way.

It is worthy of note that there is no opportunity cost associated with any transfer to the Doors division because Hinges is currently having excess capacity.

Therefore, any offering price equal to or above the variable cost of $21 would be acceptable and optimize the group profit.

Hence, the minimum transfer price = $21

3 0
3 years ago
In contrast to goods and services markets, _____________ are rare in labor markets, because rules that prevent people from earni
Anestetic [448]

Answer:

price ceilings

Explanation:

In contrast to goods and services markets, <u>price ceilings</u>  are rare in labor markets, because rules that prevent people from earning income are not politically popular.

8 0
3 years ago
In the long run, once people have had time to adjust their long-term commitments, an increase insupply and a higher price level
Arte-miy333 [17]

Answer:

Product prices will be increased by resource price. A further explanation is given below.

Explanation:

  • When individuals have already had time, throughout the longer term, to change certain long-term obligations. A rise in population, as well as a higher level of costs, can no doubt mean an increase in the amount generated. Throughout the long term, the powers causing the rise in the sum usually provided mostly in the shorter term would not be available.
  • When the long-term current expires and has been tried to negotiate, expenditures that are already temporarily set as a part of the contractual deal will increase. If this continues, the resource price could well raise the price of additional goods, which should not modify the desire to manufacture.

4 0
3 years ago
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