Answer:
A) 100
Explanation:
total sales 3,600 units
cost per unit $200
cost of placing order $40
holding cost $20 per year
working days 360 per year
lead time 5 days
If Mark orders 200 units each time, his average inventory ?
daily sales = total sales / working days = 3,600 / 360 = 10 units per day
number of orders per year = 3,600 / 200 = 18
Mark places one order every = 360 days / 18 orders = 20 days
average inventory = (200 units / 20 days) x 10 days = 100
I assume that mark has some type of safety stock that allows him to hold enough inventory to cover for the 5 day lead time.
some of their employees' pay in order to cover payroll taxes and (((income tax))).Money may also be deducted, or subtracted, from a paycheck to pay for retirement or health benefits.
Answer:
- Threat of Substitutes
- Threat of New entrants/ Competitors
Explanation:
This question relates to Porter's five forces.
A patent on a good protects that good from being able to be copied or produced by other companies.
Should a company lose this protection, companies will be allowed to make substitutes to the products without running afoul of the law. The company will therefore face an increased threat from Substitutes.
Other companies will also be able to produce the goods or offer the services now which would mean that new entrants/ competitors can come into the market for that good or service.
Answer:
Utopolis
a. Social states chosen by the government of Utopolis are:
Social State Unemployed Workers Retirees
A 12 50 10
D 1 40 1
The reason for choosing these social states is that the social states of A and D reduce the headache felt by the government in managing unemployment and paying pensions to retirees, unlike the social states of B and C, which have equal numbers of the distinct subpopulations.
b. The enacted social state will be D. This is the social state preferred by the majority of citizens. There is a utopian economic condition achieved with social state D unlike with other social states.
Explanation:
a) Data and Calculations:
Utility levels in Utopolis:
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1
