For every choice you make, you are sacrificing something else. For example, when you choose to buy a new phone, you are sacrificing buying a new laptop. The opportunity cost of buying the phone, is the cost of the laptop. Therefore, evey choice has a cost, because in every choice, there is a sacrifice
        
             
        
        
        
Answer:
D: Optimum Order size
Explanation:
Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense. 
Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.
 
        
             
        
        
        
Answer:
The dam should be constructed. The investment discounted payback is 25 years.  
Explanation:
We have to make a cash flow for this case with the given data.  See the document attached.  
We consider an Initial cost of 30 millions in period 0,  then we have every periods benefit of 2.800.000 and 100000 direct cost.  
With those,  is obtained net cash flow for each year (period),  if we consider the given rate of interest, can be calculated the discounted cash flow
To know when this project covers all the investment,  we have to consider the cumulative discounted cash flow.  We have to see in the cash flow chart when the cumulative discounted cash flow  break the 0 (became higher than 0).  
In this case ,  that will be at period 25. So we have to wait 25 years to recover the initial cost. Considering that the dam usually has a lifetime higher than that time,  the project at this scenario,  should be done.  
 
        
                    
             
        
        
        
Answer: Hoover's days in inventory in 2011 was 50 days.
Explanation:
Given that,
Beginning inventory = $110000
Ending inventory = $70000
Cost of goods sold = $660000
Sales = $900000
Average Inventory = 
=  
= 90000
Inventory Turnover =  
=  
= 7.33
Hoover's days in inventory in 2011 = 
= 
= 50 Days
 
        
             
        
        
        
Answer:
See below
Explanation:
Date General journal Debit Credit
Jan. Work in process $39,192
Manufacturing overhead $39,192
($55,200 × 71%)
Feb. Work in process $36,210
($51,000 × 71%)
Manufacturing overhead $36,210
March. Work in process $45,866
($64,600 × 71%)
Manufacturing overhead $45,866