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
Romashka [77]
3 years ago
6

A large law firm uses an average of 10 packages of copier paper a day. Each package contains 500 sheets. The firm operates 260 d

ays a year. Storage and handling costs for the paper are $1 per year per package, and it costs approximately $10 to order and receive a shipment of papers. a) What order quantity would minimize total annual ordering and holding cost? b) Calculate the total annual inventory control cost using your order quantity from part a. c) Except for rounding, are annual ordering and holding costs equal at the EOQ? d) The office manager is currently using an order quantity of 100 packages. The partners of the firm expect the office to be managed in a cost-efficient manner. Would you recommend that the office manager use the optimal order quantity instead of 100 packages? Justify your answer.
Business
1 answer:
Grace [21]3 years ago
4 0

Answer:

(a):Annual demand = 10 packages per day*260 days per year = 2600 packages per year.

H = $1 and S = $10.

Thus Order quantity = (2*2600*10/1)^0.5 = 228 packages

(b): Total annual inventory control cost = Q/2*H + D/Q*S

= 228/2*1 + 2600/228*10

= 114 + 114.03

= 228.03

(c): Yes both annual ordering costs and holding costs are equal at $114.

(d): In case of order quantity of 100 packages the cost will be = 100/2*1 + 2600/100*10

= 50 + 260

= 310.

Thus the cost figure of $310 in case of 100 packages is more than the cost of $228.03 when 228 packages are ordered. Hence I will recommend that the office manager use the optimal order quantity instead of 100 packages.

You might be interested in
Speech about peer pressure​
Semmy [17]
Peer pressure is the notion of mutual friends coxing you into a rash situation and you, in a attempt to fit in, you agree to such a situation. This is bad and it’s practically impossible to avoid unless you care not for those opinions of those you hang around

Have a peer pressure filled day (jk btw lol)
6 0
3 years ago
_____ season is when the weather is best in a locale and when many people have time off for vacation.
timurjin [86]

Answer:

high

Explanation:

the most popular time of year at a resort, hotel, or tourist attraction, when prices are highest

8 0
3 years ago
Read 2 more answers
Grand River Corporation reported taxable income of $600,000 in year 1 and paid federal income taxes of $155,000. Not included in
Paul [167]

Answer:

$444,000

Explanation:

current earnings and profits = (taxable income - income taxes) - meals expense + tax exempt income = ($600,000 - $155,000) - $3,000 + $2,000 = $444,000

Disallowed expenses are expenses made by an individual or company that the IRS doesn't allow to be deducted, e.g. meals. Tax exempt income is income that is not taxed by the IRS, e.g. DRD includes at least 70% of dividends received.

Deferred gains or unearned revenues are considered a liability and are not included in the income statement.

7 0
3 years ago
The answer is c i just got it right on plato
Helen [10]

Answer:

the answer to what lol

Explanation:

3 0
2 years ago
You head a marketing team preparing to launch a revised global marketing campaign for a high-end jewelry and accessory company.
Mice21 [21]

Answer:

<u>You started with selling delicate, antique-looking jewelry across all international markets, with the same theme of "Looking Your Feminine Best.</u>

Explanation:

This alternative does not represent a form of marketing adaptation, as seen in the following strategies adopted for some countries. This can be explained because the main concept of the marketing strategy developed to sell delicate and old-fashioned jewelry in all international markets, contains a central message, which is "Looking for the best for women". The other messages are adapted to attract women from other countries with different values ​​and culture, so there was an adaptation in the developed slogan, but this still encompasses the central message proposed by the company, all messages reflect the search for the best for women.

7 0
3 years ago
Other questions:
  • What effect might the government have on​ oligopolies? in​ oligopolies, the government might
    5·1 answer
  • Clayton, inc. purchased a van on january 1, 2016, for $850,000. estimated life of the van was five years, and its estimated resi
    9·1 answer
  • many credit card companies wont tell you your interest rate or tell you your credit limit until after they have issued you their
    5·1 answer
  • Which of the following makes decisions about interest rates and the growth of the money supply? A. Federal Advisory Council B. F
    9·1 answer
  • Please Help!!!
    8·1 answer
  • Ralph gives his daughter, Angela, stock (basis of $8,000; fair market value of $6,000). No gift tax results. If Angela subsequen
    6·1 answer
  • Will give brainliest
    5·1 answer
  • A company provides services to clients during the period that are neither paid for, nor billed to the clients. What must the com
    9·1 answer
  • When coffee Is traded between countries it is called a________.
    12·1 answer
  • in 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks,
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!