Answer:
199.02 units
Explanation:
The computation of the economic order quantity is shown below:
Data provided in the question
Annual demand per year = 5,750 units
The Cost of each units = $96
The inventory carrying cost per unit per year = $9
The average ordering cost per order = $31
So, economic order quantity is
= 199.02 units
Hence, the economic order quantity is 199.02 units
Explanation:
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Answer:
The answer is: the ordering cost will be $38
Explanation:
We have the formula for economic order quantity is:
EOQ = Square root of ( 2 x S x D / H)
in which: S ordering cost;
D: Quantity demand
H: carrying cost
For the law office to act at optimal level by ordering EOQ at 65 units a time, The ordering cost will be found be the equation:
65 = square root of ( 2 x S x 245 / 4.4) <=> 4,225 = (2 x S x 245) / 4.4 <=> 4,225 = 1225S/ 11 <=> S = $38
Thus, the ordering cost will be $38.
Answer:A and C
Explanation:
Interest is compounded in savings accounts and me to reduce the amount that I must deposit today and still have my desired $1 million on the day I retire then I should either, invest in a different account paying a higher rate of interest meaning the invested amount will be compounded at a higher rate thus my initial investment amount requirement reduced. Or, since compounded interest is a function of time, if I retire later, that would mean a longer time for my initial investment to compound to $1 million, thus reducing my initial investment amount requirement.
Answer:
The percentage rate of growth from 2010 to 2011 is the 1237.3%
Explanation:
The percentage rate or growth for online advertising spend in 2011 compared to 2010 is obtained when calculating the following operations:
1. You must know what is the base figure you want to use to determine the percentage growth. In this case $5.9 Billion is the base figure you will use.
2. You want to know what is the figure with which you will determine the final growth. In this case is $73 billion.
3. You replace the values in the following formula:
percentage rate or growth =(( <u> Final growth figure </u> ) ) x 100
Base figure
percentage rate or growth =(( <u> 73 </u> ) ) x 100
5.9
percentage rate or growth = 12.3728 x 100
percentage rate or growth = 1237.28
4. As you want to round your answer to one percentage place, then you round to .28 to .3 that is the next higher decimal number.
percentage rate or growth = 1237.3%
