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
asambeis [7]
3 years ago
15

An appliance store carries a specialty model of microwave ovens. The demand for the microwave oven is relatively constant at 250

0 units per year. Placing an order costs the store $500 regardless the quantity ordered. Carrying one unit over a one year period costs the store $50. The store opens 300 days per year and the lead time for this item is 12 working days. Because of the special features of the microwave oven, customers may buy it whether it is currently available in the store. Hence, the store is considering selling it on a back order basis if it is beneficial. It is estimated that one unit on back order for a one year period costs the store $150. Assuming the inventory policy of the appliance store does not allow stock out, determine total annual relevant, including the ordering and holding, cost.

Business
1 answer:
mamaluj [8]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
If demand for personal computers increases as a result of an increase in income, a. personal computers must be a normal good b.
dexar [7]

Answer: Personal computers must be a normal good.

Explanation:

Normal good is a type of commodity available in a market, in which the commodity's demand increases as income of the buyers increase. The normal goods posses a positive income elasticity of demand(where demand is directly proportional to income).

3 0
3 years ago
There are two aspects of efficiency that the equilibrium of market for loanable funds exhibits. Select the TWO statements that c
Mashutka [201]

Answer:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

Explanation:

Loanable funds refer to the aggregate amount of money that all sectors, entities and individuals within an economy have decided to keep as an investment, instead of spending on personal consumption, by saving and giving them out as loans to borrowers.  

The market for loanable funds is in equilibrium when the supply of loanable funds by the saver is equal to demand for loanable funds by the borrowers at a given interest rate.

When the market for loanable funds is in equilibrium, efficiency is maximized because projects that have higher rates of return are given priority to be funded first before the projects with lower rates of return are funded. The reason is that savers that have lowest costs of lending provides funds for the projects that have highest return rates in equilibrium. However, potential saver who do not lend money will prefer a higher interest rates.

Therefore, the correct options related to the two aspects of efficiency that the equilibrium of market for loanable funds exhibits are as follows:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

5 0
3 years ago
If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin
Dmitrij [34]

Answer:

reduce output

Explanation:

The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.

A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).

I hope my answer helps you

5 0
3 years ago
Andrews Company manufactures a line of office chairs. Each chair takes $12 of direct materials and uses 1.9 direct labor hours a
Andrej [43]

Answer and Explanation:

The preparation of the cost of goods sold budget is presented below:

Direct material ($12 × 20,000 chairs) $240,000

Direct labor ($16 × 1.9 × 20,000 chairs) $608,000

Variable overhead rate ($1.20 × 1.9 × 20,000 chairs) $45,600

Fixed overhead rate ($1.30 × 1.9 × 20,000 chairs) $49,400

Cost of goods manufactured $943,000

Add: opening inventory $0

Less: ending inventory (610 chairs × ($12 + ($16 × 1.9) + ($1.20 × 1.9) + ($1.30 × 1.9) -$41,278.70

Cost of goods sold $901,721.3

5 0
2 years ago
A great business idea is A. the beginning of a great business. B. all you need to succeed. C. something that comes along once in
Kryger [21]

Answer:

A beginning of a great business

Explanation:

Not for sure that the answer

5 0
3 years ago
Other questions:
  • Cameron really likes his new roommate, tom. tom is clean, always picks up after himself, and pitches in when it is time to cook
    12·1 answer
  • 1. Which design style resembles a half-moon?
    6·2 answers
  • Todd Haitz works at a retail store selling sports equipment. His daily tasks include opening the store, creating the work schedu
    9·1 answer
  • A company is trying to decide whether to go ahead with an investment opportunity that costs $90,000. The expected incremental ca
    10·1 answer
  • Forward Company makes and sells power tools. The budgeted sales are $480,000, the budgeted variable costs are $175,000, and the
    13·1 answer
  • Ted Corporation expects to generate free-cash flows of $200,000 per year for the next five years. Beyond that time, free cash fl
    11·1 answer
  • The shape of the perceived demand curve for a perfectly competitive firm reflects that firm's ability to: Group of answer choice
    13·1 answer
  • tone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical UnitsPer
    9·1 answer
  • What is an example for empathy and being able to recover quickly from emotional experience?
    9·1 answer
  • the preferred type of retirement account for the typical college students working a part-time low-wage job would generally be:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!