Answer:
Order size = 200 units
Number of order = 5 times
Explanation:
<em>The number of order per year will be equal to the Annual demand divided by the EOQ.</em>
<em>No of orders = Annual Demand / EOQ</em>
Economic order quantity (EOQ)
The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.
It is computed using he formulae below
EOQ = √(2× Co× D)/Ch
Ch- Carrying cost per unit per annum- $1
Co- Ordering cost per order -20
EOQ =√(2× 20× 1000)/1
= 200 units
Order size = 200 units
Number of order = 1000/200 = 5 times
Yes, stores should be forced to obey minimum prices for a good or a company that is selling a service should as well. They should have to obey by this so that price competition isn't ongoing in the market. Larger producers can often charge a smaller amount for a product because they are producing them in high qualities. By charging less it gives them a competitive advantage over their competition in means of price. Unless the item is on clearance because a company is discontinuing stock of that item, they should have a set minimum as they do a set maximum they are allowed to charge for that item.
<span>Big business views the natural resources as being the means to achieve their own business goals. They believe in exploit natural resources for their own needs. On the other hand, conservationists believe in preserving the natural resources and consider it an important source for human survival.</span>
Income taxes, payroll taxes, and corporate income taxes.
Income taxes = individual employees pay out of their earnings
Payroll Taxes = social security tax, medicare, and unemployment tax. These are paid partially by the employees and partially by the employers
Corporate income taxes = paid by businesses as a percentage of their profits