Answer:
The correct answer is A
Explanation:
EOQ stands for Economic order quantity, it is the model which evaluated or determine the amount to order by using the assumptions that cost per unit of the items purchased which remain fixed irrespective of the number of the units ordered.
The quantity discount model that investigates the aggregate annual inventory costs with and without discounts. The main motive of EOQ with the quantity discount model is to minimize the total of the purchase, annual carrying and holding cost.
Answer:
a. 40 % and $630,000
b. $ 270,000
Explanation:
The contribution margin ratio = Contribution ÷ Sales
The dollar sales volume required to break even = Fixed Cost ÷ contribution margin ratio
the margin of safety (in dollars) - company sells 20,000 units = Expected Sales - Break even Sales
Assume that skilled labor costs twice as much as unskilled labor, a profit maximizing firm will hire until the marginal product of unskilled labor is half that of skilled labor.
A profit maximizing firm is a firm that tries to create products that are of good quality at the barest or smallest cost.
The marginal product falls after an additional amount of the resource has been added. It is the extra amount that is gained due to the addition of an extra unit.
Due to the fact that both the skilled and unskilled would decrease eventually, the company would have to hire both at equal marginal products.
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Answer:
$20,000 premium is amortized at the end of the first year.
Explanation:
Straight line amortization:
premium amortized = Premium / number of years
= ($5,200,000 - $5,000,000) / 10 years
= $200,000 premium / 10 years
= $20,000
Therefore, $20,000 premium is amortized at the end of the first year.
Answer:
D
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
