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
Zina [86]
3 years ago
12

A supermarket expects to sell 1000 boxes of sugar in a year. Each box costs $2, and there is a fixed delivery charge of $20 per

order. If it costs $1 to store a box for a year, what is the order size and how many times a year should the orders be placed to minimize inventory costs
Business
1 answer:
Strike441 [17]3 years ago
4 0

Answer:

Order size = 200 units

Number of order  = 5 times

Explanation:

<em>The number of order per year  will be equal to the Annual demand divided by the EOQ.</em>

<em>No of orders = Annual Demand / EOQ</em>

Economic order quantity (EOQ)

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √(2× Co× D)/Ch

Ch- Carrying cost per unit per annum-  $1

Co- Ordering cost per order -20

EOQ =√(2× 20× 1000)/1

        = 200 units

Order size = 200 units

Number of order = 1000/200 = 5 times

You might be interested in
Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
BartSMP [9]

Answer:

38880

Explanation:

Budgeted sales -870 boxes

Each box requires 44 pounds of clay

Opening inventory of clay = 3900 pounds

Closing inventory of clay = 4500 pounds

Clay mix cost - $0.40

Labor rate = $12/hr

Monthly purchase = budgeted sales  + closing inventory - opening inventory

(870*44) + 3900 - 4500

38280 +4500 - 3900 = 38,880

7 0
3 years ago
Electronic media have changed the way employers select qualified candidates. Applicant tracking systems (ATS) are often the firs
guapka [62]

Answer:

a. Move all text to the right.

a. Unusual typefaces, underlining and italics.

c.Unfamiliar abbreviations.

Explanation:

Application Tracking System (ATS) is a software which helps organization to manage the recruiting process. It enables to look for required skills in a certain applicant and then select those candidates who matches the certain requirements by organization.

The candidates should format the resume as short lines and mention key points. Move all text to the right to be able for ATS to ease tracking process.

The candidates should avoid including unusual typefaces and italics, should not use unfamiliar abbreviations.

8 0
3 years ago
Consuela noticed significant growth in the hispanic population in her mid-size town. the local grocery carried mostly traditiona
oksian1 [2.3K]
The kind of startup that her store is considered to be is a new market idea. New market ideas are techniques or ideas that are employed or thought of as a way of strategizing and a way of improving one's business or store. In which Consuela engages to as she decided to have a new idea for a way of improving her store and for the sake of her customers.
3 0
3 years ago
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ende
Paladinen [302]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 30,000 + 100,000 - 40,000

COGS= 90,000

<u>Now, the number of skis sold:</u>

Units sold= 150,000/750= 200 units

<u>Traditional income statement:</u>

Sales= 150,000

COGS= (90,000)

Gross profit= 60,000

Total selling expense= (50*200 + 20,000)= (30,000)

Total administrative expense= (10*200 + 20,000)= (22,000)

Net operating income= 8,000

<u>Contribution format income statement:</u>

Sales= 150,000

Total variable cost= (90,000 + 50*200 + 10*200)= (102,000)

Contribution margin= 48,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (20,000)

Net operating income= 8,000

4 0
3 years ago
5. Destiny is asked if she wants to open a Macy's credit card on the spot when she is checking out.
Zielflug [23.3K]
B because is B I now it is
5 0
3 years ago
Other questions:
  • True or false:<br> Global marketing strategies are essential for 21st century businesses.
    10·1 answer
  • Alkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours we
    5·1 answer
  • Why had farming become unprofitable during this period?
    12·1 answer
  • According to the product life-cycle theory, the locus of global production initially switches from the United States to other ad
    11·1 answer
  • Entity A supplies planed timber, paint, varnish, springs, upholstery, and cushioning to Entity B, which produces a ready to use
    9·1 answer
  • Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 10 apple trees. However the 3 acres differ in
    9·1 answer
  • Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $282,000, total variable expenses were $214,320, an
    11·1 answer
  • Decruitment is the planned elimination of ________ in an organization. A) jobs
    12·1 answer
  • Hofnim, Inc. had the following account balances on September 30, 2016. What is Hofnim's net income for the month of September
    10·1 answer
  • Jackson automotive has net working capital of $22,600, current assets of $56,500, equity of $62,700, and long-term debt of $31,9
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!