Answer:
D, neither excludable nor rival in consumption, a tornado siren is a public good.
Explanation:
A tornado siren is a siren that is used to give emergency warnings to a large population of an impending danger or danger that has passed.
A tornado siren otherwise known as the civil defense siren is of public good and as such is not a rival neither can it be excluded from consumption.
Cheers
Answer:
Both single column cash book and double column cash book are similar because they both record cash payments
Explanation:
A cash book is a book or journal used to record all business transactions within a particular period like receipts, disbursements, bank deposits and bank withdrawals. They are different cash books namely: single column cash book, double column cash book and triple column cash book.
A single column cash book is used to record payments in form of cash while a double column cash book records both cash payments as well as bank transactions.
Both single column cash book and double column cash book are similar because they both record cash payments
Answer: 554 units
Explanation:
The formula to calculate the optimal average number of units in the inventory will be calculated as:
= EOQ/2
EOQ is the economic order quantity and this will be:
= √(2 × Annual demand × Ordering cost / Carrying cost
= √(2 × 202,801 × 9.33)/3.08
= ✓1228658.5
= 1108.5
Therefore, the optimal average number of units in the inventory will be:
= EOQ/2
= 1108.5/2
= 554.25
= 554 units approximately
Answer:
See below
Explanation:
We will compute the above using the EOQ
EOQ = √ 2 × D × S / H
EOQ = √ 2 × 2,000 × 500 / 2 × 3
EOQ = 1,000
1,000 units of toys should be manufactured at a time
Production runs = 2,000 / 1,000
Production runs = 2
