Answer:
Hie, the <em>price schedule is missing</em> from your question however the important principles are explained below.
a. The optimal order quantity
Optimum order quantity is the order level that results in minimum ordering costs and holding costs.
Optimum order quantity = √ (2 × Annual Demand × Cost per order) / holding cost per unit
b. The number of orders per year.
orders per year = Annual Demand / optimal order quantity
This calculates the number of orders to be placed during the year at the optimum order quantity.
-I’ll make sure that the person is honest-I’ll do the background check-I’ll do the drug screening-I’ll make sure that the person has good math skills-I’ll make sure that the person has appropriate experience in handling cash
He should assign the employee to a job with a leadership role a role that is more incharge of things than just sitting behind yes so leadership and powerful role
<u>Complete Question:</u>
The mean absolute error, mean squared error, and mean absolute percentage error are all methods to measure the accuracy of a forecast. These methods measure forecast accuracy by
a. adjusting the scale of the data.
b. determining how well a particular forecasting method is able to reproduce the time series data that are already available.
c. predicting the future values and wait for a pre-defined time period to examine how accurate the predictions were.
d. using the current value to estimate how well the model generates previous values correctly.
<u>Correct Option:</u>
These methods measure forecast accuracy by determining how well a particular forecasting method is able to reproduce the time series data that are already available.
<u>Option: B</u>
<u>Explanation:</u>
The forecast reliability is the level of proximity of the quantity assertion to the real or true value of that quantity in statistics. Typically, at the time the prediction is produced, the real value can not be calculated, as the assumption involves the future.
Accurate sales forecasting is an essential resource that businesses need to have. This helps managing directors gage desire for their goods. It allows companies handle inventories better. Sales forecasting enables businesses to look into the future and schedule their movements strategically to maximize development.
Answer:
The answer is to rent a car.
Explanation:
Value per hour = $5
24 hours make a day
Value for a day(24 hours) = $120
Value for two days(48 hours) = $240
For renting a car:
Car is $30/ day
So car will be $60($30 x 2) for 2 days.
Value for two days(48 hours) that he spent = $240
Therefore, total cost for the two days if he rents a car is
$60 + $240 = $300
For flight:
$400 for airplane ticket.
Two hours that he will spend is $10($5 x 2)
Therefore, total cost for taking flight is
$400 + $10
=$410
So a rational consumer will go for the lower cost which is to rent a car.