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kondaur [170]
4 years ago
10

(Tierman Gallery Part A) The Tierman Gallery distributes to its visitors a brochure to its collections. There are about 20800 vi

sitors per year. The unit cost is $2, the holding cost for a brochure is 10% of the unit cost and it costs $30 to place an order. The unit time is 1 week and it takes 2 weeks till printed brochures are delivered. [OQ] (Tierman Gallery Part A) Tierman should place an order when the on-hand inventory reaches ___.
Business
1 answer:
Likurg_2 [28]4 years ago
4 0

Answer:

TIERMAN SHOULD PLACE AN ORDER WHEN THE ON HAND INVENTORY REACHES:<u> C. 800</u>

Explanation:

Annual demand (i.e. Number of visitors) = D = 20800

Ordering cost = F = $30

Unit holding cost = C = 10% of $2 /unit = $0.2 / unit

Weekly demand of visitors = Annual demand of visitors/ 52 weeks = 20800/ 52 = 400

Lead time for delivery of brochure = L = 2 weeks

Therefore, Reorder point = Weekly demand x Lead time (weeks) = 400 x 2 = 800

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by committee

Explanation:

this is because it would be easier to do it with a committee than being alone.

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3 years ago
A cereal company advertises that its newly launched product can lower cholesterol although the company cannot provide evidence t
Lubov Fominskaja [6]

Answer:

Promotion

Explanation:

Promotion is of the element of marketing mix. Promotion is a marketing technique of making consumers aware about the product offered by the organization.

Various promotional tools are used for this purpose such as advertisements through print, radio and television. It is important that they propagate actual and bias fee information to the consumers. It is not ethical to misinform consumers.

In this case, ethical issue deals with promotion of the company as it has no evidence regarding the claim they are making related to the product that it reduces cholesterol.

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3 years ago
The​ "underground economy" refers to A. the formal sector of the economy in developing countries. B. the sector of the economy t
Misha Larkins [42]

Answer:

The correct answer is the letter B. “the sector of the economy that earns profits that are higher than average”

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The underground economy refers to the informal economy, that is, productive activities that are not declared to the government and therefore are not under taxation. Thus, the profits earned from these activities are higher than average, since they do not pay taxes.

6 0
3 years ago
A currency board exists when a country's central bank commits to back its money supply entirely with foreign reserves at all tim
PtichkaEL [24]

Answer:

True.

Explanation:

Currency board is aimed at pegging a countrie's currency. Management of monetary authorities make decisions on valuation of a countrie's currency. When local currency is pegged to a foreign currency, there will be an equal amount of the currency held in the reserves.

The control board now allows for unlimited exchanged between the pegged local currency and the foreign currency in the reserves.

5 0
4 years ago
Sunland Company purchased $1200000 of 11% bonds of Scott Company on January 1, 2021, paying $1122375. The bonds mature January 1
xz_007 [3.2K]

Answer:

Sunderland Company should increase debt investment by $2,685.00  

Explanation:

Sunderland Company needs to increase its debt investments account for Scott Company bonds with the difference between effective interest earned on July 1 2021 minus the actual coupon interest received as shown below:

The actual interest revenue earned = $1122375*12%

                                                           =$ 134,685.00  

The coupon interest received=$1,200,000*11%

                                                 =$ 132,000.00  

In a nutshell,the investment in bonds earned interest of $134,685 but only $132,000 was received in cash,hence the difference of $2,685 is added to the bonds investment figure($134,685-$132,000)

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3 years ago
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