1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mars1129 [50]
3 years ago
6

Calculate the EOQ size for the following case. What is the EOQ size and the number of orders placed per year? For your answer, r

ound up the figures up to 0 decimal points. (size/number) The annual demand for the item is 2580 units. It costs $500 to place an order and costs $20 per item to carry it a year without passing it to the customer.
Business
1 answer:
andrey2020 [161]3 years ago
6 0

Answer:

EOQ = 359 units

Number of order placed =  7.2 times

Explanation:

<em>The Economic Order Quantity (EOG) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the ordering cost.</em>

<em>It is computed using he formulae below</em>

EOQ = √ (2× Co× D)/Ch

C0- 500, Ch- 20, D- 2,580

EOQ=  √ (2× 500× 2580)/20

        =359.16

EOQ = 359 units

Number of order place d per year = Annual demand / order size

Number of order placed = 2,580/ 359

                                        = 7.2 times

You might be interested in
The school of philosophy that acknowledged the gods but taught that they had no influence on human life and that the principle g
NNADVOKAT [17]

Answer:

The correct answer is letter "B": Epicurus.

Explanation:

Greek philosopher Epicurus (341 b.C. - 270 a.C.) was immortalized in the Latin poem "<em>On the nature of things</em>" -Lucrecio- in which Epicurus is attributed that the object of wisdom is to suppress the obstacles that oppose to happiness. This does not imply the pursue of unbridled pleasure, but of a measured lifestyle in which the spirit can enjoy friendship and the cultivation of knowledge.

5 0
2 years ago
Max and maddy charge people to park on their lawn while attending a nearby craft fair. At the current price of $10, seven people
guapka [62]

Answer: c. They would do better charging $15 than $10.

Explanation:

It is given that Max and Maddy total cost of car parking remains the same, that is it does not matter whether they have seven or five cars parked on their lawn. So, since total cost is constant, Max and Maddy's decision would depend on total revenue.

Profit = TR- TC

Total revenue from charging, $10 is $70,

Total revenue from charging $15 is $75.

Since, total cost is constant, Max and Maddy will choose to charge $15 since it is giving them $5 more.

5 0
2 years ago
Mission Corp. borrowed $50,000 cash on April 1, 2016, and signed a one-year 12%, interest-bearing note payable. The interest and
ikadub [295]

Answer:$4,500---B, ie the 2nd option

Explanation:

From April to December we have 9 months

Interest Expense is given as Loan x Interest Rate x duration

Interest Expense = 50000 x 12% x 9/12 =

50,000x 0.12x9/12= $4,500

8 0
3 years ago
A person who is skilled at performing calculations, has math skills for advanced analysis, and has organizational skills would b
ale4655 [162]

Someone with the skills mentioned above would be great as (A) a credit analyst.

A credit analyst is <u>a person working in finances whose main job is to assess the creditworthiness of companies, individuals, and securities. </u>

Credit analysts are usually employed by public or private financial institutions (both banking or non-banking).

3 0
3 years ago
Read 2 more answers
The following account balances relate to the stockholders’ equity accounts of Skysong, Inc. at year-end. 2020 2019 Common stock,
balandron [24]

Answer:

$84,200

Explanation:

The Net Income for the 2020 financial period can be calculated through the Retained Earnings Account for 2020 as follows :

Retained Earnings at beginning  of the year                               $249,100

Add Net Income for the year (Balancing figure)                          $84,200

Less Dividend Declared for the year ($11,300+$17,000)            ($28,300)

Retained Earnings at end  of the year                                         $305,000

6 0
3 years ago
Other questions:
  • When is it best to use a chronological resume?
    12·2 answers
  • Which expert created a pyramid of people's basic needs? A. Douglas McGregor B. Abraham Maslow C. Frederick Herzberg D. Clayton A
    7·1 answer
  • The goal of any credit card holder should be to A. run up as much debt as possible. B. use the bankruptcy filing as a way to red
    13·1 answer
  • A high-resolution screen has<br> no pixels.<br> Fewer pixels<br> More pixels
    7·2 answers
  • The firm's findings are best described as the
    8·1 answer
  • Much of the U.S. government debt is held as Treasury bonds and bills by foreign investors. How do fluctuations in the dollar exc
    15·1 answer
  • Seven years ago, Carlos took out a 30-year mortgage for $185,000 at 5.6 percent. He has made all of the monthly payments as agre
    12·1 answer
  • What's the catch with many services promoting a “free credit score?"
    6·1 answer
  • Trident Office is considering remodeling the office building it leases to Robert Roberts, CPA. The remodeling costs are estimate
    11·1 answer
  • Summarizes the beliefs a person holds about his own attributes and how he/she evaluates their self on those qualities.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!