Answer:
a. 320 units
b. $1,920
Explanation:
EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit
= √ (2 × 3,000 units × $102.40 / ($30 × 20%))
= 320 units
total inventory cost = ordering cost + holding cost
= 3,000 units/ 320 units × $102.40 + 320 units/ 2 × ($30 × 20%
= $960 + $960
= $1,920
Answer:
False
Explanation:
Purchasing power is related to real income and not to nominal income. Even though workers had a $10 increase in their average nominal income, due to the effects of inflation, that increase does not necessarily reflect an improve in purchasing power.
The statement is false.
Answer:
Purchases= $52,000
Explanation:
Giving the following information:
Beginning inventory= $6,300
Ending balance= $3,300
Production= $55,000
<u>To calculate the direct material purchase, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 55,000 + 3,300 - 6,300
Purchases= $52,000
Answer:
There is less capacity for alcohol to extend out because it does not penetrate body fat. Intoxication is caused when body fat reacts with alcohol. The rate at which alcohol passes through the bloodstream is accelerated by body fat.
Answer:
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