Answer:
2000
Explanation:
Given:
Annual DEMAND, D = 1,000,000
Holding cost, H = (I * C)
Cost per order, S = 80
Unit cost, C = 160
Holding cost (%) = 25% = 0.25
The Economic order quantity :
EOQ = √[(2 * D * S) / (I * C)]
EOQ = √[(2 * 1000000 * 80) / (0.25 * 160)]
EOQ = √[(160000000) / 40]
EOQ = √4000000
EOQ = 2000
If the quantity demanded falls by 8%, the price elasticity of demand for orange juice is inelastic.
<h3>Price elasticity of demand</h3>
Using this formula
Price Elasticity of demand = Percentage change in demand/percentage change in price
Let plug in in the formula
Price Elasticity of demand=-0.08/0.10
Price Elasticity of demand=-0.8 (inelastic)
Therefore if the quantity demanded falls by 8%, the price elasticity of demand for orange juice is inelastic.
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Higher benifits and Lower Costs
Answer:
$700
Explanation:
Given that
Price of a 3 month put option = $3
Price of a 3 month call option = $4
Considering the above
Selling the straddle = sell a put + sell a call
Thus,
Total premium income from selling a stradle = (P + C)100
Where,
P is price of put
C is price of call
Therefore,
Total premium from selling a stradle
= (3 + 4)100
= 7 × 100
= $700
The three groups of primary users of external state and local governmental financial reports are The citizenry, legislative and oversight bodies, and investors and creditors
GASB Concepts Statement No. 1
This Concepts Statement is one of a series issued or will be issued by the GASB. The purpose of Concept Statements is to create a conceptual framework of interrelated objectives and fundamental concepts that can be used to generate consistent accounting and financial reporting standards.
The demands of people who utilize governmental financial reports and the features of the state and local governmental operational environment both have an impact on the aims of governmental financial reporting.
Governmental and commercial operations are the two categories into which the activities of governmental bodies have historically been split.
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