Answer:
(a):Annual demand = 10 packages per day*260 days per year = 2600 packages per year.
H = $1 and S = $10.
Thus Order quantity = (2*2600*10/1)^0.5 = 228 packages
(b): Total annual inventory control cost = Q/2*H + D/Q*S
= 228/2*1 + 2600/228*10
= 114 + 114.03
= 228.03
(c): Yes both annual ordering costs and holding costs are equal at $114.
(d): In case of order quantity of 100 packages the cost will be = 100/2*1 + 2600/100*10
= 50 + 260
= 310.
Thus the cost figure of $310 in case of 100 packages is more than the cost of $228.03 when 228 packages are ordered. Hence I will recommend that the office manager use the optimal order quantity instead of 100 packages.
Answer:
the payback period of the project is 3.57 years
Explanation:
The computation of the payback period is shown below;
Payback period:
= Initial investment ÷Cash inflows
= $100,000 ÷ $28,000
= 3.57 years
We simply divided the initial investment by the cash inflows so that the project payback period could come
Hence, the payback period of the project is 3.57 years
Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24
bonds are basically known as
b)contracts
