1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olganol [36]
3 years ago
9

Cycles de Oro produces 120,000 high-tek bikes a year and orders the brake assembly from IKON for $15.40 each. The order cost is

$84 and Cycles estimates their inventory carrying costs are 15%. What is their total ordering cost per year?
Business
1 answer:
Ket [755]3 years ago
3 0

Answer:

$3,412

Explanation:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{120,000}\times \text{\$84}}{\text{\$2.31}}}

= 2,954 units

The carrying cost is

= $15.40 × 15%

= $2.31

The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 120,000 ÷ 2,954 units

= 40.62 orders

Now The total cost of ordering cost is

Ordering cost = Number of orders × ordering cost per order

= 40.62 orders × $ 84

= $3,412

You might be interested in
Phil Morris holds an executive position at The Martin Group. Phil has improved the quality of the data gathered by the organizat
GrogVix [38]

Answer:

I Dont know sorry......

4 0
3 years ago
A basket of goods costs $200 in the base year and $210 just twelve months later. The price index in the second year is _________
Stells [14]

Answer:

105%.

Explanation:

Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100

Given,

Cost of basket of goods in base year = $200

Cost of basket of goods in year of interest = $210

Price index in year of interest (second year) = (210/200) × 100

                                                                         = 105%

The price index in the second year is 105%.

5 0
3 years ago
"Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm
Mekhanik [1.2K]

Answer:

Effectiveness, Efficiency in management to achieve organisation goals/ objectives - survival, profit & growth : can make some firms consistently outperform industry averages

Explanation:

Effective & Efficient Management , keen to make organisation achieve its short term & long term goals : can make firm(s) outperform industry average.

Management is the art of getting things done with the aim of achieving organisation goals/ objectives . Organisational objective include : Survival , Profit (market standing) & Growth (innovation) . Effectiveness (getting things done on time) & efficiency (getting best output out of least input) are core aspects of organisation goals achievement.

Good management is very crucial to an organisation's successful performance.  It can make organisation achieve right targets at the right time in the right manner. This correct coordination of activities, time & manner can make an organisation realise its potential to the fullest & outshine in its industry.

3 0
3 years ago
When the two newly hired analysts compared notes, they found that their interviews had been quite different. Each was long and i
BartSMP [9]

Answer:

The correct answer is "unstructured interviews"

Explanation:

In an unstructured interview, there is no specific set of planned questions, although the interviewers regularly have specific questions in mind that they want to do

7 0
3 years ago
Five workers from the machining department are brainstorming ideas to reduce waste. their ideas will be presented to their super
sattari [20]
The five workers comprised a self managed or self organized team in which this describes a small group or a group of people which are employees that discusses a plan in which is about activities or duties that they ought to do. Which is being done without any guidance of any higher authority. It is being described above for the group of employee has decided to discuss about their issue without the help of their supervisor.
4 0
3 years ago
Other questions:
  • Difference between a will and a living trust
    15·1 answer
  • How do developed countries maintain an advantage over
    8·1 answer
  • The ________ market is where securities are initially issued and the ________ market is where pre-owned securities (not new issu
    11·1 answer
  • Aden finds that, on an average, men have higher starting salaries than women. In order to conclude that the differences in start
    8·1 answer
  • You start your own business on 1/1/2015. during the year 2015, your sales revenues are $200,000. you pay your assistant $50,000
    14·1 answer
  • When the force on an object increases, so does its __________.
    5·2 answers
  • Jackie owns and operates a website design business. To keep up with new technology, she spends $5,000 per year upgrading her com
    11·1 answer
  • Which of the following sections should always be included in a resume?
    15·2 answers
  • A corporation had the following assets and liabilities at the beginning and end of this year.
    11·1 answer
  • the grand strategy of isolationism is interlinked with notions of _____, which promotes the construction of political and econom
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!