Answer:
Inventory cost will be $3
So option (b) is correct option
Explanation:
We have given that carrying and setup cost is $600
So carrying and setup cost = $600
And EOQ = 200 units
We have to find the inventory carrying cost per year
We know that inventory carrying cost is given by
inventory carrying cost 
So option (b) will be correct option
Answer:
The average cost of operating the helpline per call at a volume of 25,300 calls in a month will be $18.10
Explanation:
The costs of operating the helpline are variable with respect to the number of calls in a month. At a volume of 25,000 calls in a month, the costs of operating the helpline total $452,500.
The average cost of operating the helpline per call = $452,500/25,000 = $18.10
At a volume of 25,300 calls in a month, The average cost of operating the helpline per call does not change but the total costs of operating the helpline increase because the costs of operating the helpline are variable.
Total costs of operating the helpline = $18.10 x 25,300 = $457,930
Answer:
1. Executing
2. Directing
3. Continuous process improvement
Explanation:
According to Managerial Accounting Concepts and Principles
1. All of the following are considered phases of the management process except EXECUTING
2. The process by which managers run day-to-day operations is called DIRECTING
3. CONTINUOUS PROCESS IMPROVEMENT is the philosophy of continually improving employees, business processes, and products.
Answer: 0.2
Explanation:
Elasticity of supply shows the responsiveness to the quantity supplied for a good or service to changes in market price. Supply is Elastic if its elasticity is greater than 1 and inelastic if elasticity is less than 1
Elasticity of supply = Percentage change in quantity supplied / Percentage change in Price
= 4%/ 20%
=0.2 which is inelastic.
Answer:
Yes
Explanation:
Shareholders are the owner of a business (if it is a limited comapany) and managers and directors are appointed for key decision making. In this scenario managers are carrying out the function of entrepreneurs which is key decision making while shareholders are carrying out the function of investing capital.
A manager is involved in many decisions including:
plan - preparing for the future and create action points.
organise - having resources ready and putting plan into action.
command- ensuring employees are working.
co-ordinate - making sure all departments work together to achieve the end goal or objective.
