Technically you could live in a tree house if you wanted to.
Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
Answer:
the answer is =32291.67.
The firm should take the advantage of the new quantity as the total cost is lesser as compared with the old supplier. the firm can save $340 by approximately taking the advantage of the new quantity discount.
Explanation:
Solution
Given that:
The Annual demand D = 5000 boxes
The Cost C = $6.4 per each box
The Carrying cost H = 25% of the unit cost = 0.25*6.4 = 1.6
The ordering costs S = $25.00
Now,
EOQ =√2DS/H
EOQ =√(2*5000 * 25)/1.6
Thus,
EOQ =Q = 395.28
The Total cost = DC + (Q/2)H + (D/Q)S
= 5000*6.4 + (395.28 /2) 1.6 + (5000/395.28)25
Then,
T = 32000 + 316.23 + 316.23
= 32632.46
So,
The new supplier has offered to sell the same item for the amount of $6.00 if Q = 3,000 boxes
Hence,
The total cost = 5000 * 6 + (3000/2)1.5 + (5000/3000)25
= 30000 + 2250 + 41.67
= 32291.67
Therefore, The firm should take the advantage of the new quantity as the total cost is lesser as compared with the old supplier. the firm can save $340 by approximately taking the advantage of the new quantity discount.
Answer:
$169.07
Explanation:
Data provided in the question:
Loan amount = $29,000
Time = 10 years
Interest rate = 7% compounded monthly
Therefore,
Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583
number of periods, n = 10 × 12 = 120 months
Now,
Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]
on substituting the respective values, we get
$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]
or
$29,000 = Monthly payments × 171.53
or
Monthly payments = $169.07
