Answer:
a) 32 refrigerators
b) 28.39 approximately 29 refrigerators
Explanation:
Given:
Cost of order, S = $100
H = 20% of 500 = 100
Cost of refrigerator = $500
Annual demand, D = 500
S.d = 10
Lead time, L = 7 days.
a) To find the economic order quantity, Q_opt, let's use the formula:
The economic order quantity is 32 refrigerators.
b) The reorder point, R, is calculated as:
R = (d' * L) + ( z * s.d)
Where d' is daily demand which is calculated by dividing annual demand by 365 days.
d' = 500/365 = 1.37
At 97% service probability.
Using the excel function, NORMSINV(0.97) = 1.88.
Therefore z = 1.88
Solving for R, we have:
R = (1.37 * 7) + (1.88 * 10)
= 28.39
≈ 29
If the distributor wants a 97% service probability, the reorder point, R, should be 29 refrigerators
The two measures which can be used by Nando’s to assess environmental turbulence within the macro-environment are predictability and changeability.
<h3>What is an
environmental turbulence?</h3>
An environmental turbulence can be defined as a measure of the rate and unpredictability of changes that occurs in a business firm's external environment.
In this context, we can infer and logically deduce that the two (2) measures which can be used by Nando’s to assess environmental turbulence within the macro-environment are predictability and changeability.
Read more on environmental turbulence here: brainly.com/question/20377406
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1)The cm ratio<span> is the difference between a company's sales and variable expenses (expenses proportional to units produced), expressed as a <span>percentage. Hence, we have that the costs of the product per unit are 70%= 100%-30% of the unit income, thus they are 40*70%=28$. Thus, the variable expenses per unit are 28$.
2) In order to break even, they have to make profit of 180000$ from sales. Each unit gives a profit of 12$=40$-28$ (unit profit). Hence, in order to make a profit of 180000$, the have to sell 180000/12=15000 units. Those units will bring in sales of 40*15000=600000$. We also have that if the company wants to make a net profit of 60000$, the profit from the unit sales needs to be 240000$ in total. Hence, they will need 240000/12=20000 units and the sales will be 40*20000=800000$ at that point.
3) Let us calculate the new cost. It is obviously 28-4=24$. The new profit margin per unit is 40-24=16$. Hence, to break even this time they will need only 180000/16=11250 units. They will be sold for 40*11250=450000$ in total. To make that additional profit of 60000$, they will need to sell 60000/16 more units, hence 3750 more units. This means that they need to do an additional 150000 dollars in sales. With the new variable cost, to achieve profit of 60000 they need to sell 11250+3750=15000 units and they will cost 600000$
</span></span>
Answer:
a. the decision to engage in one activity means forgoing some other activity.
Explanation:
Opportunity cost is the cost incurred when an economic agent forgoes some other activities to engage in one activity.
Economic agents have to make choices because wants are unlimited and resources are limited.
Opportunity cost is also known as economic cost.
An example of opportunity cost : Assume a doctor leaves his job where he earns $500,000 per annum to start his own business where his accounting profit is $700,000. His Opportunity cost is $500,000.
I hope my answer helps you.
<u>Annually,</u> a firm is required to notify customers regarding how to access BrokerCheck®.
FINRA member firms are required to annually give each of their clients the phone number and website address for BrokerCheck in writing, in accordance with FINRA Rule 2267 (Investor Education and Protection). Additionally, they must yearly notify their clients of the availability of an investor brochure that contains detailed information about BrokerCheck.
What is FINRA or Financial Industry Regulatory Authority's BrokerCheck? It is a free online resource for researching brokers, investment companies, and financial advisors. Investors can find a wide range of information that may be useful in the selection and vetting of a specific financial advice provider or brokerage firm.
Learn more about FINRA rules here: brainly.com/question/26030495
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