$41,600
is the correct answer
please give brainliest
Answer:
EOQ = ≅ 8
Explanation:
EOQ = √(2SD)/H
S = ordering cost per order = $5.0
H= Holding cost = $76
D= Annual Demand = 484 drums
EOQ = √(2 x 5 x 484 )/76
= √63.68
7.98
This implies that the optimal quantity that can be ordered for to minimize ordering and carrying cost is 8 drums per order.
Answer:
Doreen enforce Chris’s "promise" because the promise is binding despite that there was no bargain.
Explanation:
The doctrine of promissory estoppel (or detrimental reliance) gives a person that depends on the promise of another the opportunity to recover in the absence of consideration if:
1. There was definite and clear promise.
2. It was justifiable to rely on the promise.
3. The person who made the promise had the reason to believe that the person who is promised would depend on the promise.
4. There was a noticeable and definite change in character as a result of the reliance on the promise.
5. Enforcement of the promise would make justice to be better served.
Since all the conditions listed above holds in the question, Doreen enforce Chris’s "promise" because the promise is binding despite that there was no bargain.
Answer:
Avoidable interest is $272,064.
Explanation:
Compute the interest on new notes payable, using the equation as shown below:
Interest = Principalof 13% note payable × Rate of interest
=$1,059,300×13%
=$137,709
Hence, the interest of new notes payable is $137,709.
Compute the interest of outstanding notes payable using the equation as follows:
Interest = Outstanding principal × Weighted average interest rate
=$1,268,700×10.59%
=$134,355
Hence, the interest of outstanding principal which is needed to be considered for the calculation of avoidable interest is $134,355
Avoidable interest is $272,064.
