Answer:
a. 339 brackets
b. 169.5 and $296.63
c. 12 and $300
d. $596.63
e. 4 days
f. 40 brackets
Explanation:
Economic Order Quantity is the Order size that minimizes holding costs and ordering cost of inventory.
Economic Order Quantity = √ 2 × Annual Demand × Ordering Cost / (Holding Cost per unit)
= √(2 × 4,000 × $25.00) / $1.75
= 339 brackets
Average Inventory = Economic Order Quantity ÷ 2
= 339 ÷ 2
= 169.5
Annual inventory holding cost = Average Inventory × Holding Cost per unit per year
= 169.5 × $1.75
= $296.63
Orders to make each year = Total Annual Demand ÷ Economic Order Quantity
= 4,000 ÷ 339 brackets
= 11.7994 or 12
Annual order cost = Number of Orders × Cost per Order
= 12 × $25.00
= $300
Total Annual Cost = Annual inventory holding cost + Annual order cost
= $296.63 + $300
= $596.63
Reorder point (ROP) = Lead time × usage per day
= 4 × ( 2,500 / 250)
= 40 brackets
Answer:
c. the larger is the deadweight loss of the tax.
Explanation:
Supply is elastic if a small change in price has a greater effect on quantity supplied.
If a tax is imposed, and supply in elastic, the quantity supplied would fall.
Deadweight loss is when quantity supplied reduces as a result of tax.
If supply is elastic, the larger is the deadweight loss of the tax.
I hope my answer helps you
Answer: Form utility
Explanation: Form utility refers to the enhancement in the value of a commodity done by altering the product in one way or another. Form utility means making a product more usable for the consumers by modifying its physical appearance. Changing the wood into furniture is one of many examples of form utility.
Hence, from the above we can conclude that the right answer to this question is form utility.
Answer:
$4,500
Explanation:
First we have to calculate the provisional income which shall be calculated as follow:
AGI amount: $27,000
Tax exempt interest $200
50% of your social security benefit $4,500
(0.50*9,000)
Total provisional income $31,700
Since the amount of provisional income is greater than the base amount of $25,000 for Head of house hold but less than $34,000, therefore the Caroline will have to pay taxes on 50% of the social security benefits and hence the amount of taxable social security benefit shall be $4,500
Answer:
peer review
Explanation:
A critical evaluation of one public accounting firm's practices by another public accounting firm is called: peer review
Peer review is the evaluation of work by one or more people with similar competencies as the producers of the work. It functions as a form of self-regulation by qualified members of a profession within the relevant field.
