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alex41 [277]
3 years ago
8

A restaurant has an annual demand for 882 bottles of California wine. It costs $1 to store 1 bottle for 1​ year, and it costs ​$

6 to place a reorder. Find the optimum number of bottles per order.
Business
1 answer:
Lynna [10]3 years ago
6 0

Answer:

73 bottles

Explanation:

Let x = total number of orders

C(x) indicates number of orders and the cost of storage

Thus,

6$ dollar to place a reorder  

So,

C(x)= 1(882/x)+6x = 882/x+6x

C'(x)=-882/x^2+6=0

6=882/x^2.

Thus,

x^2=882/6

Which indicates 882/12=73 bottles of wine per order

Thus C (12)=1*73+6*12=$145 per year

The best possible number of bottles per order = 73 bottles  

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American businesses have little influence over the behavior of businesses from other countries. question 5 options:
xeze [42]
The answer of this one is false
3 0
3 years ago
Kart Inc., a publishing house, allows employees to log in at their preferred time and log off after completing eight hours. It d
Naddik [55]

Answer:

flexible time

Explanation:

Since their work time is not fixed, these employees have flexible work time. Often, this kind of working time is deemed to be a non-financial work benefit, as most people prefer to define their own work time. Sometimes, it is debated if this is really beneficial for the employees.

Nonetheless, they do have to respect their daily work time slot,

3 0
3 years ago
The following information is available for Birch Company at December 31: Cash in registers $ 2,910 Investment maturing in 9 year
yan [13]

Based on the various account balances that Birch Company has, they should report a total of<u> $38,061 </u>for Cash and Cash equivalents.

Cash and Cash Equivalents are the actual cash that a company holds as well as those that can readily be converted to cash.

They include:

  • Actual cash
  • Cash in bank
  • Cash in petty cash
  • U.S. Treasury bills
  • Money market funds

The total of cash and cash equivalent here are:

<em>= Cash in registers + Cash in bank + Cash in petty cash + U.S. Treasury bills</em>

= 2,910 + 23,631 + 320 + 11,200

= $38,061

In conclusion, Birch Company has Cash and Cash Equivalents of $38,061.

<em>Find out more at brainly.com/question/9505730.</em>

3 0
2 years ago
The price of good X increases from $55 to $60, and quantity demanded decreases from 500 to 400. The price of good Y increases fr
nikklg [1K]

Answer:

demand curve for Good X is more elastic than the demand curve for Good Y

Demand for good X is elastic because the coefficient of elasticity is greater than 1.

Demand for good Y is inelastic because the coefficient of elasticity is less than 1.

consumers who buy Good Y are less sensitive to price changes than consumers who buy Good X

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

For good X,

Percentage change in price = $55 / $60 - 1 = | -0.0833| = 8.33%

Percentage change in quantity demanded = 500 / 400 - 1 = 0.25 = 25%

Elasticity of demand = 25% / 8.33% = 3

Demand for good X is elastic because the coefficient of elasticity is greater than 1.

For good Y,

Percentage change in price = $55 / $60 - 1 = | -0.0833| = 8.33%

Percentage change in quantity demanded = 500 / 475 - 1 = 0.0526 = 5.26%

Elasticity of demand = 5.26% / 8.33% = 0.63

Demand for good Y is inelastic because the coefficient of elasticity is less than 1.

consumers who buy Good Y are less sensitive to price changes than consumers who buy Good X

8 0
3 years ago
Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.
harina [27]

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

6 0
3 years ago
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