1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
love history [14]
3 years ago
11

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat

ion.​ Thomas's fastest-moving inventory item has a demand of 6 comma 000 units per year. The cost of each unit is ​$98​, and the inventory carrying cost is ​$8 per unit per year. The average ordering cost is ​$29 per order. It takes about 5 days for an order to​ arrive, and the demand for 1 week is 120 units.​ (This is a corporate​ operation, and there are 250 working days per​ year). ​a) What is the​ EOQ? 208.57 units ​(round your response to two decimal​ places). ​b) What is the average inventory if the EOQ is​ used? 104.29 units ​(round your response to two decimal​ places).
Business
1 answer:
Cerrena [4.2K]3 years ago
5 0

Answer:

a. 208.57 units

b. 104.29 units

Explanation:

a. The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{6,000}\times \text{\$29}}{\text{\$8}}}

= 208.57 units

b. And, the average inventory is

= Economic order quantity ÷ 2

= 208.57 units ÷ 2

= 104.29 units

We simply applied the above formulas for calculation of the economic order quantity and the average inventory and the same is shown above

You might be interested in
Jason and Katrina work on the loading dock for Longhaul Transport Company. Jason has a disability. Katrina has seniority. Jason
SSSSS [86.1K]

Answer:

Katrina's seniority is a good defense.

Explanation:

Industrial Jurisprudence

This is refered to as a system of rules and regulations that is used by labor and management fashion to show their specific employment rights and obligations in the work environment.

Seniority System

This is refered to as different rules and procedures usually within an agreement that shows the allocation of certain job situations including promotion, layoff and recall, as well as certain economic benefits based on length of service. This is application to many organizations.

Seniority

This very important measure of employee job security and it start with acquiring seniority on the date & time of hire (cannot be awarded until completion of probationary period).

Jason may lose the case as a result of the seniority system.

5 0
3 years ago
Argo, a firm organizing adventure travel, has returns that vary with the economy. Argo predicts that there is a 20% probability
nexus9112 [7]

Answer: 8%

Explanation:

The expected return is a weighted average of the returns given the probability of certain states of the economy:

= (Prob. of boom * return if boom) + (Prob. of normal * return if normal) + (Prob. of  weak * return if weak)

= (20% * 35%) + (50% * 14%) + (30% * -20%)

= 0.07 + 0.07 - 0.06

= 8%

5 0
2 years ago
Smart embezzlers realize that when making false journal entries, reducing ____ is not a good concealment method.Group of answer
Annette [7]
Answer is D. time spent making a journal entry
4 0
3 years ago
Stoneheart Group is expected to pay a dividend of $3.23 next year. The company's dividend growth rate is expected to be 3.6 perc
prisoha [69]

Answer:

$38.45

Explanation:

Data provided

Next year dividend = $3.23

Required rate of return = $12%

Growth rate = 3.6%

The solution of the stock price is shown below:-

Stock price = Next year dividend ÷ (Required rate of return - Growth rate)

= $3.23 ÷ (12% - 3.6%)

= $38.45

So, we have solved the stock price with the help of above formula.

7 0
3 years ago
For Pronghorn Corporation, year-end plan assets were $2,035,000. At the beginning of the year, plan assets were $1,770,000. Duri
Anni [7]

Answer:

The answer is: $367,000

Explanation:

To determine Pronghorn Corporation's actual return on plan assets we can use the following formula:

return on plan assets = (year-end plan assets - beginning of the year plan assets) - (contribution to the pension fund - benefits paid)

return on plan assets = ($2,035,000 - $1,770,000) - ($116,000 - $218,000)

return on plan assets = $265,000 - (-$102,000) = $265,000 + $102,000

return on plan assets = $367,000

6 0
3 years ago
Other questions:
  • A nation seeking to increase its overall productivity might be best served by investing money into which area?
    13·2 answers
  • What is the problem with creating a promotional message to use for all countries?
    9·1 answer
  • Which of the following statements about the insurance verification process is a FALSE statement? A) Directly affects payment del
    10·1 answer
  • For each timing difference​ listed, identify whether the difference would be reported on the book side of the reconciliation or
    5·1 answer
  • The point at which birth and death rates balance is called
    5·1 answer
  • Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's
    13·1 answer
  • At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally
    7·1 answer
  • Vent, Inc. reported net income of $770,000 for 20X1. Vent sold 15,000 shares of treasury stock acquired in a previous year on Ju
    11·1 answer
  • There is a _______ relationship between real GDP and tax revenues, which partially explains deficit spending during a recession.
    8·1 answer
  • 1. Did any Enron employees act Unethical in any manner? If so, give specific<br> examples.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!