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2 years ago

Your friend says your car is worth about 50 dollars. Your friend is using money as a

Business

2 answers:

trasher [3.6K]2 years ago

5 0

Answer:

Measure of value

Explanation:

Measure of value: It is the function of money that help in differentiating the value of different goods and services. Money is used as unit of value. In today´s world, most common exchange mode we use is money, therefore we use money value to measure the value of any object.

Following formula we use to measure value of goods.

Value= $\frac{Benefit}{Cost}$

Value is also derived by benefit we earn after investing some money to it.

In the given case, Friend have used the value of money to define the worth of Car.

creativ13 [48]2 years ago

3 0

Answer:

Measure of value

Explanation:

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JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts.

Strike441 [17]

Answer:

Annual demand = 75000 = D

S = ordering cost/set up cost = $53

d = daily demand = 75000/250 = 300

h = holding cost per unit per year = $25

p = Daily production rate = 320

optimal size of the production run =EPQ = sqrt((2*D*S)/(h*(1-(d/p))))

= sqrt((2*75000*53)/(25*(1-(300/320))))

= 2255.659549 = 2255.66 (Rounded to 2 decimal places)

maximum inventory = EPQ*(1 - (d/p))

= 2255.66*(1 - (300/320))

= 140.97875

Avergae inventory = 140.97875/2 = 70.49

Number of production runs = Annual demand/EPQ = 75000/2255.66 = 33.25

Holding cost with EPQ = 2255.66 = 70.49*25 = 1762.25

With EPQ = 500, maximum inventory = 500*(1 - (300/320)) = 31.25

Holding cost with EPQ = 500, holding cost (31.25/2)*25 = 390.625

Savings = 1762.25 - 390.625 = 1371.625

6 0

3 years ago

What are the pros and cons of being a single decision-maker?

Tanya [424]

Pros:

No one can stop you from picking that person/place/thing.

Cons:

you don't know what to decide.

6 0

3 years ago

Read 2 more answers

Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors sent out an email cont

romanna [79]

Answer:

Downward communication

Explanation:

Downward communication in a formal structure is the flow of information in terms of orders, appreciation, encouragement from higher authority to subordinates across the organization.

Upward communication in the form of feedback and problems flow from lower level employees to upper level. Here, the board of directors are top level employees who have passed the message to the employees to raise the level of service. This is a form of downward communication.

4 0

3 years ago

In purchasing life insurance, kelsey concealed the fact that she has a muscular disease. the insurance company can void the poli

olga2289 [7]

True, the life insurance company can void the policy if it is found that Kelsey lied about her muscular disease on an application. When filling out a life insurance policy application, it is expected that the applicant answers all questions truthfully to the best of their knowledge. Falsification of information on a document is grounds for the application to be voided. Some other laws may apply depending on the state for when the void may go into affect or how it could impact Kelsey's ability to re-apply for the policy.

3 0

3 years ago

Liz and Moss disagree over the amount due under their contract. To avoid involving any third party in the resolution of their di

Burka [1]

Answer:

Negotiation

Explanation:

Liz and Moss disagree over the amount due under their contract. To avoid involving any third party in the resolution of their dispute, Liz and Moss might prefer to use the alternative dispute resolution method of negotiation.

Alternate Dispute Resolution methods include arbitration, mediation and negotiation.

However of the 3 methods above arbitration and mediation involves the use of third party interference in the dispute resolution.

Therefore only negotiation is a viable means of alternate dispute resolution if the presence and interference of a third party is undesirable.

6 0

2 years ago