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
Annette [7]
3 years ago
9

M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and

other home appliances. One of the components has an annual demand of 250 units, and this is constant through out the year. Carrying cost is estimated to be $1 per unit per year, and the ordering cost is $20 per order. a) To minimize cost, how many units should be ordered each time an order is placed? b) How many orders per year are needed with the optimal policy? c) What is the average inventory if costs are minimized?
Business
1 answer:
8090 [49]3 years ago
3 0

Answer:

a) 100 units

b) 2.5 order per year

c) 50 units

Explanation:

Given data:

demand 250 units

order cost is $20

holding cost $1

a) Economic order quantity EOQ = \sqrt{\frac{2\times demand \times order\ cost}{holding \ cost}}

EOQ = \sqrt{\fac{2\times 250 \times 20}{1}} =100 units

b) number of order for each year = \frac{annual/ demand}{EOQ}

                                                    = \frac{250}{100} = 2.5order/ year

c) average inventory = \frac{Q}{2} = \frac{100}{2} =  50 units

You might be interested in
In obtaining an understanding of an entity's internal control in a financial statement audit of a nonpublic company, an auditor
nata0808 [166]

Complete Question:

In obtaining an understanding of an entity's internal control in a financial statement audit of a non-public company, an auditor is not obligated to:

Group of answer choices

A. Determine whether the control activities have been placed in operation.

B. Perform procedures to understand the design of the internal control policies.

C. Document the understanding of the entity's internal control components.

D. Search for significant deficiencies in the operation of the internal control.

Answer:

D. Search for significant deficiencies in the operation of the internal control.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated in an organization, as there's a reliable and an accurate accounting system.

Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.

In obtaining an understanding of an entity's internal control in a financial statement audit of a non-public company, an auditor is obligated to:

I. Determine whether the control activities have been placed in operation.

II. Perform procedures to understand the design of the internal control policies.

III. Document the understanding of the entity's internal control components.

7 0
2 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
Vsevolod [243]
Checking account is the right answer
4 0
3 years ago
What’s key function of a business involves finding targeting attracting and connected with the right customers
Vlada [557]
The answer would be marketing. A business' execution inside the market looks for its prosperity or disappointment. Marketing is all concerning looking, focusing on, pulling in, and interfacing with the best possible clients. in order to center around and achieve the best possible clients, elevating supervisors became acquainted with the potential markets, check item properties, see contenders' advancing ways, and promote viably.
4 0
3 years ago
Read 2 more answers
Wealth creating transactions are more likely to occur a. ​With private property rights b. ​With contract enforcement c. Both a a
Marina86 [1]

Answer: C

Explanation:

Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.

Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.

Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.

8 0
3 years ago
Gipsi runs a manufacturing company. She recently invested in​ ________ computing devices because she wanted to improve productiv
Setler [38]

Answer: Wearable

Explanation:

 The wearable computing device is one of the small devices that may be wide or narrow and it is one of the smartphone technology extension.

The main purpose of the wearable computing technology is that it providing a smart features and the various types of functions in the form of portable or small device.

According to the given question, Gipsi is running one of the manufacturing firm and recently she invest in the wearable computing device for improving the productivity by providing the efficient detail to the workers.  

 Therefore, Wearable is the correct answer.

5 0
3 years ago
Other questions:
  • A consumer values a car at $525,000 and a producer values the same car at $485,000. If the transaction is completed at $510,000,
    5·1 answer
  • The herfindahl index suppose that three firms make up the entire wig manufacturing industry. one has a 50% market share, and the
    10·1 answer
  • When the hawk is the third order consumer the number of second order consumers is?
    11·1 answer
  • A stock is expected to pay a dividend of $0.5 at the end of the year (D1=0.5), and it should continue to grow at a constant rate
    9·2 answers
  • g "Seidman Company manufactures and sells 30,000 units of product X per month. Each unit of product X sells for $16 and has a co
    11·1 answer
  • By shutting​ down, a firm A. can avoid paying taxes on its previously earned profits. B. stops receiving revenue but continues t
    9·1 answer
  • What kinds of decisions should members of congress be willing to anger their party leadership over? on what kinds of issues or d
    9·1 answer
  • A 12-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represe
    9·1 answer
  • For each stock in the stock market, the number of shares sold daily equals the number of shares purchased. That is, the quantity
    8·1 answer
  • To start a new business, a sole proprietor must meet a small number of government. Which of the following is not one of them
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!