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Ber [7]
4 years ago
11

Joe​ Henry's machine shop uses 2 comma 500 brackets during the course of a year. These brackets are purchased from a supplier 90

miles away. The following information is known about the​ brackets:
Annual demand: 2,500
Holding cost per bracket per year: $ 1.50
Order cost per order: $ 18.75
Lead time: 2 days
Working days per year: 250 ​
a) What is the​ EOQ? ​(round your response to two decimal​ places). ​
b) What is the average inventory if the EOQ is​ used? ​(round your response to two decimal​ places). What would be the annual inventory holding​ cost? ​​(round your response to two decimal​ places). ​
c) Given the​ EOQ, how many orders will be made​ annually? ​(round your response to two decimal​ places). What would be the annual order​ cost? ​​(round your response to two decimal​ places).
​d) Given the​ EOQ, what is the total annual cost of managing​ (ordering and​ holding) the​ inventory? ​​(round your response to two decimal​ places). ​
e) What is the time between​ orders? ​(round your response to two decimal​ places).
​f) What is the reorder point​ (ROP)? ​(round your response to two decimal​ places).
Business
1 answer:
kvasek [131]4 years ago
8 0

Answer:

a) 250 brackets;

b) Average inventory: 125 brackets; Annual inventory holding cost: $187.50

c) 10 orders;

d) $375

e) 25 days

f) 20 brackets

Explanation:

a) EOQ = square root of [(2* Order Cost per one order * annual demand] / Holding Cost per bracket per year ] = square root of [ 2* 18.75 * 2,500 / 1.5] = 250 brackets.

b) Average inventory =  EOQ/2 = 125 brackets; Annual inventory holding cost = 125 x 1.5 = $187.5

c) Orders made annually give EOQ = Annual demand / EOQ = 2,500/250 = 10 orders;

d) Total annual cost of managing​ (ordering and​ holding) the​ inventory = 10 x 18.75 + 187.5 = $375

e) Time between​ orders = Total annual working days/ orders made per year = 250/10 = 25 days.

f) The reorder point​ (ROP) = Demand of bracket per working day * lead time = Annual demand * Lead time / total annual working days = 2,500*2/250 = 20 brackets.

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Which of the following terms refers to a formal statement in an​ organization's strategic plan that describes the overall purpos
Artemon [7]

Answer:

The correct answer is B

Explanation:

Mission statement is one of the statement which is described what a firm is, why the firm exists, the reason for being or existence. At the minimum, the mission statement defined as who the primary customers are, recognize the services and products which the firm produce and also define the geographical location in which the business operate.

So, the mission statement is the formal statement states the strategic plan describe the overall motive of the business.

4 0
3 years ago
In order to live, people's physical needs must be satisfied? true or false?
tino4ka555 [31]
I believe this answer is true.
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Indicate all items in the following list that are not consumption goods and services and explain why.Item a​: A chocolate barIte
natima [27]

Answer: Option B, D , E

Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.

So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.

.

B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.

D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.

E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.

8 0
3 years ago
Galloway, Inc. has an odd dividend policy. The company just paid a dividend of $6 per share and has announced that it will incre
anzhelika [568]

Answer:

the present value of the stock is 26.57

This will be the amount willing to pay per share today.

Explanation:

We have to calculate the present value of the future dividend

\left[\begin{array}{ccc}Year&Cashflow&Present \: Value\\0&6&\\1&7&6.3636\\2&8&6.6116\\3&9&6.7618\\4&10&6.8301\\total&9.7&26.5671\\\end{array}\right]

\frac{Dividend}{(1 + rate)^{time} } = PV

We will put each dividend and their year into the formula and solve for PV

First Year

\frac{7}{(1 + 0.1)^{1} } = PV

Second Year

\frac{8}{(1 + 0.1)^{2} } = PV

Third Year

\frac{9}{(1 + 0.1)^{3} } = PV

Fourth Year

\frac{10}{(1 + 0.1)^{4} } = PV

The value of the stock is the sum of the present value of their dividend

The sum for this firm is 26.5671 = 26.57

6 0
3 years ago
A meat-packing company discovers that six months ago it unknowingly distributed meat froma humans consuming the meat however som
ratelena [41]

Answer:

The correct answer is letter "E": identity the issues raised by the situation.

Explanation:

In front of a situation where the consequences are still unknown, an organization must track the places where the cause of the possible problem -in this case, the cloned cow meat- to find out if there are claims raised in those places. If so, the company must contact the individuals involved in the complaints and verify if the problem could have been created because of their fault. If that happened the casualties must be reduced to the minimum to avoid the company getting a bad image in the market that potentially could lead to lawsuits and losses.

6 0
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