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Alekssandra [29.7K]
4 years ago
11

A pharmacist wants to establish an optimal inventory policy for a new antiobiotic that requires refrigeration in storage. The ph

armacist expects to sell 800 packages of this antibiotic at a steady rate during the upcoming year. She plans to place several orders of the same size spaced equally throughout the year. The ordering cost for each delivery is $16. The carrying costs, based on the average number of packages in inventory, amount to $4 per year for one package. Let x be the order quantity and r the number of orders placed during the year. Find the inventory cost in terms of x and r. Answer: Inventory Cost = Find the economic order quantity that minimizes the inventory cost. (Use the Objective Equation from part 1, find the Constraint Equation, and then apply our Optimization Technique to solve for x.) Answer: x= Find the minimum inventory cost. Answer: Minimum Cost = $
Business
1 answer:
Akimi4 [234]4 years ago
5 0

Answer:

EOQ: 80

order per year: 10

Explanation:

We need to solve for the Economic Order Quantity:

Q_{opt} = \sqrt{\frac{2DS}{H}}

Where:

D = annual demand = 800

S= setup cost = ordering cost = 16

H= Holding Cost = 4

Q_{opt} = \sqrt{\frac{2 \times 800 \times 16}{4}}

EOQ = 80

Orders per year = 800 demand/ 80 order size= 10

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Lou Agent with Top Notch Realty had listed a 100 unit apartment complex for sale. Sam Agent also with Top Notch Realty had a buy
dybincka [34]

Answer:

2. Have both the buyer and seller sign required disclosures describing the designated sales agency relationship and stating that each the buyer and seller have assets of $1 million or more.

3 0
3 years ago
Brokers' calls:________
zloy xaker [14]

Answer:

D.

Explanation:

A brokers' call can be defined as the interest rate that banks charge on loans given to brokerage firms. It is also known as call loan rates. The brokers use this loan to fund their traders' margin account.

The statements correct about brokers' calls from the given options is D. The broker's calls are funds used by both individuals and broker from the bank. Individuals use this loan to buy stocks whereas brokers borrow with an agreement to repay immediately.

Therefore, option D is correct.

5 0
3 years ago
Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 30% of the next month's sales.
DIA [1.3K]

Answer:

Production June= 288,000 units

Explanation:

Giving the following information:

Desired ending inventory= 30% of next month's sale.

Beginning inventory= 85,500 units

Sales:

June= 285,000 units

July= 295,000 units

To calculate the production required for June, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 285,000 + (295,000*0.3) - 85,500

Production= 288,000 units

6 0
4 years ago
A consensual fiduciary relationship in which one party acts on behalf of and under the control of another in dealing with third
Jobisdone [24]

Answer: Agency

Explanation: Agency refers to the relationship between an agent and a principal. A principal is someone who is in charge of or owns something. An agent is someone who acts on behalf of the principal in a particular situation. This is a consensual relationship, as the principal requests the agent to act on their behalf. However the agent needs to operate in such a way that there is no conflict of interest between the principal's needs and the agent's needs. The agent has to put the principal's needs first. The agent will then act according to the prinicipal's instructions when dealing with third parties.

6 0
3 years ago
Is/are also called factors of production since they are transformed into output during the production process?
Natali5045456 [20]

Land,  labor, entrepreneurship and capital are called factors of production since they are transformed into output during the production process.

Factors of production are needed for the production of goods or a service.

Land as a factor of production include the every type of land and the various goods received from it such as oil, gold etc. It can be agricultural land to any real estate commercial land.

While defining labor as factor of production we use their potential to work.

Capital includes money used for performing various functions of production. It is the primary driver of the production.

Entrepreneurship is that element which combines all other factors of production to form a single product or service.

To know more about factors of production here:

brainly.com/question/988852

#SPJ4

6 0
3 years ago
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