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yaroslaw [1]
3 years ago
13

An auto parts shop carries an oil filter for trucks. The annual demand for the oil filter is roughly 1200 units. The ordering co

st per order for the auto parts shop is $80; the holding cost of carrying 1 unit is $1.2 per year. The shop has 360 working days per year. The lead time is usually 12 working days. Determine the economic order quantity.
Business
1 answer:
earnstyle [38]3 years ago
6 0

Answer:

The answer is the economic order quantity is 400 units.

Explanation:

For this question, we apply the economic order quantity (EOQ) formula developed by Ford W. Harris in 1913, to find the answer. The formula is shown as below:

EOQ = \sqrt{2DS/H}

in which: EOQ: Economic order quantity; D: Annual Demand in units; S: Cost per order; H: Annual holding cost per unit.

So by substituting the information we are given in the question, we have: D = 1,200 units; S = $80 and H = $1.2. Thus:

EOQ = \sqrt{2 * 1,200 * 80/1.2} = 400 units.

So, the economic order quantity is 400 units.

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Answer:

The correct answer is letter "A":  Title; author’s name; name of report; name and organization of the receiver; author’s title; date of submission.

Explanation:

The title page is the front page that starts every formal report. It gives the first impression on how well structured the study has been compacted and provides an overall idea of what is the report going to be explaining. The correct order of information that must be included is:

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Some of them include an <em>abstract </em>at the bottom of the page adding a brief summary of the content, usually to attract the reader.

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8 0
3 years ago
Brooklyn has been contributing to a traditional IRA for seven years (all deductible contributions) and has a total of $30,000 in
Zolol [24]

Answer: $13,200

Explanation:

Given that,

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Therefore,

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= $20,000 - 0.1 × 20,000 - 0.24 × 20,000

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6 0
3 years ago
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Which type of utility can only be added by the maker of the product
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A: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.

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Vilka [71]

Answer:

 Option B          

Explanation:

In simple words, Income inequality refers to the severe imbalance in wealth levels typically in the possession of a limited minority of a community with a large accumulation of wealth.

If wealth disparity exists, there is indeed a wide difference in the resources of one group of the society and that of another. Specific forms of discrimination and study of wage differences should be used to explain economic inequality.                      

          Thus, from the above we can conclude that the correct option is B .

4 0
2 years ago
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