1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Equity financing (or funding) means ________.
Zanzabum

Answer:

A) exchanging partial ownership in a firm

Explanation:

Equity is the basic source of fund for any corporation, it the most initial phase in which equity is issued in exchange of a share of ownership in the company. For this the equity holder pays money to the company.

In this manner there is an ownership distributed for the share of money needed by the company.

This does not involve any statutory return payment on behalf of company in later future. As against it in case of loan, it needs to be repaid.

Equity form of funds do not demand any repayment.

7 0
3 years ago
Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: 2019 2018 Sales $513,500 $480,0
madam [21]

Answer:

The answer is

For 2018 - 1.5

For 2019 - 1.3

Explanation:

Asset turnover ratio=Net sales/average total assets

For 2018:

Sales - $480,000

Beginning asset - 360,000

Ending asset -360,000

Average total asset:

($280,000 + $360,000)/2

=$320,000

Therefore, asset turnover for 2018 is:

$480,000/$320,000

=1.5

For 2019:

Sales - $513,500

Beginning asset - $360,000

Ending asset - $430,000

Average total asset:

($360,000 + $430,000)/2

=$395,000

Therefore, asset turnover for 2019 is:

$513,500/$395,000

=1.3

5 0
3 years ago
Holding other factors constant, if new technology becomes available that allows machines to produce manufactured goods more quic
Ber [7]

Answer: Increase; increase

Explanation:

Efficiency is so vital to business and manufacturing. The ability of a business to produce and curb minimal loss will give a boast on production and encourage manufacturers to do more, especially when they have the ability to produce in large quantity (by batches) and still get a good ratio for the number of goods manufactured. This is where machines has aided productivity, as they were introduced, productivity increased and they were minimal loss and time waste when producing. When technology allows for more of this effective machines, manufacturers will produce more and there would be a boast in investment.

4 0
3 years ago
What peripherals would you need to host a video conference?
Leto [7]
The answer would be C. Webcam, Speakers, and microphone.
5 0
3 years ago
Read 2 more answers
When writing goals, it is helpful to remember the acronym SMART. Different people associate different words with each of the let
borishaifa [10]

Answer:

a. I will hire three new salespeople prior to our next product release.

Explanation:

Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.

3 0
3 years ago
Other questions:
  • Which of the following statements is true of a mission statement?
    11·2 answers
  • At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month’s performance report show
    8·1 answer
  • Land O’Lakes makes a light butter with canola oil that has 60 percent less cholesterol and 50 percent less fat and calories than
    8·1 answer
  • Which one of the following is NOT one of the 5 generic types of competitive strategy? Select one: a. Low-cost provider strategy
    10·1 answer
  • F. Describe at least two examples of information the secondary source provided. (1-2
    9·2 answers
  • Burke Company purchases land for $100,000 cash. Burke assumes $2,500 in delinquent property taxes due on the land as part of the
    13·1 answer
  • To achieve organizational goals in large, complex organizations, which components must function together
    14·1 answer
  • Strategic management
    5·1 answer
  • When a multinational corporation opens a new factory in another country, what economic responsibilities must it follow? Are ther
    15·1 answer
  • condominiums usually require a monthly fee for various services. at $320 a month, how much would a homeowner pay over a period o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!