Answer:
$30,000
Explanation:
Use the following formula to calculate the total cost
Total cost = ordering costs + holding costs
Where
Ordering costs = Numbers of orders placed per year x Ordering Cost per order = ( 45,000 units / 3,000 units per order ) x $1,000 per order = 15 x $1,000 = $15,000
Holding costs = Average Inventory x Holding cost per unit per year = ( 3,000 units / 2 ) x ( $100 x 10% ) = 1,500 units x $10 = $15,000
Placing values in the formula
Total Cost = $15,000 + $15,000
Total Cost = $30,000
The right answer for the question that is being asked and shown above is that: "C) Mark will not be able to write checks from a money market account, which will encourage him to save money." This an issue that he needs to be aware of when comparing a money market account to a checking <span>account</span>
Assuming a company paid $2,000 cash to an employee for this month's salary. the entry to record this transaction would include a<u> </u><u>credit</u> to cash.
<h3>Journal entry</h3>
The appropriate journal entry to record the transaction assuming paid the amount of $2,000 cash to an employee for this month's salary is:
Journal entry
Debit Salary account $2,000
Credit Cash account $2,000
Therefore assuming a company paid $2,000 cash to an employee for this month's salary. the entry to record this transaction would include a<u> </u><u>credit</u> to cash.
Learn more about journal entry here:brainly.com/question/14279491
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Answer:
Explanation:
The table can be computed as follows:
Size of loss Probability of loss
50000 0.005
30000 0.01
10000 0.02
5000 0.05
0 0.915
The expected claim for the cost can be calculated by multiply each of the loss sizes with their corresponding probability loss.
i.e.
Following the given assumptions:
The fair premium(X) of the policy is calculated as follows:
0.9 X = 975.9259
X = 975.9259/0.9
Fair Premium (X) = 1084.36
Answer:
cross-price elasticity formula = % change in quantity demanded of good X / % change in price of good Y
cross-price elasticity of demand between splishy splashies and frizzles (or is it flopsicles?) = 4% / -5% = -0.8, complement goods. When the cross price elasticity is negative, then the goods complement each other.
cross-price elasticity of demand between splishy splashies and cannies (or is it kippies?) = -5% / -5% = 1, substitute goods. When the cross price elasticity is positive, then the goods substitute each other.
If you are about to launch a marketing campaign for splishy splashies, then you should include frizzles in it.