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
Komok [63]
3 years ago
8

Suppose that the demand rate is 500 units per week. The fixed ordering cost is $60 per order. The unit inventory cost is 20% of

the product cost. The cost of the product depends on the quantity ordered. It is $0.05 when you order less than 2300 units, $0.048 when you order between 2301 and 5000 units and $0.045 when you order more than 3000 units. What is your optimal order quantity if you intend to limit the number of units to at or below 2300 units
Business
1 answer:
Amanda [17]3 years ago
6 0

Answer:

Optimal order quantity is 17,664 units

Explanation:

Optimal order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.

As per given Data

Demand = 500 units per week = 500 units x 52 weeks = 26,000 units

Ordering Cost = $60

As the limit of the is 2,300 or below the product cost is $0.05 and the inventory cost is 20% of the product cost.

Inventory cost = $0.05 x 20% = $0.01

Optimal order quantity =  \sqrt{\frac{2 X Ordering cost X Annual Demand}{Inventory cost} }

Optimal order quantity = \sqrt{\frac{2 X 60 X 26000}{0.01} }

Optimal order quantity = 17,664 units

You might be interested in
All of the following are appropriate benchmarks for a state or local government to use as a basis for comparing performance exce
r-ruslan [8.4K]

Answer:

Federal agencies' financial information for a comparable time period.

Explanation:

Benchmarking can be regarded as management accounting innovation, which is been utilized in both the private and the public sectors for performance measurement as management. There are alot of success reported by public sector accounting researchers with the use of benchmarking, however there is

charged problems that still exist in implementing as well as using this management technique. The appropriate benchmarks for a state or local government to use as a basis for comparing performance are;

✓Socioeconomic and demographic trends of governments of similar types and size available from U.S. Census Bureau.

✓ A government's own operating results and financial position from prior years.

✓ International City/County Management Association's Financial Trend Monitoring System results for governments of similar types and size.

8 0
3 years ago
Marie saved $51. on wednesday, she spent $8 of her savings. what ratio represents the portion of her total savings that she stil
ASHA 777 [7]

43.51

hope this helps

6 0
3 years ago
Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with
Luden [163]

Answer: True.

Explanation:

A business brand earns a customer's trust gradually with time, by consistency and honesty on the part of the business brand. This customer trust can easily be lost, if the business brand is engaged in even a little scandal or reckless act.

3 0
3 years ago
Why would a producer decide to produce in a competitive market in which she will earn zero profit in the long run? Choose one: A
zhenek [66]

Answer:

Option A : Because at zero profit, with her revenue, she can cover all her costs—explicit and implicit (opportunity cost).

Explanation:

Perfectly Competitive Market

This is simply a market the market participants are said to be price takers that is no consumption decisions by individual consumers and no production decisions by individual producers can be able to affect the market price of a good.

Perfectly Competitive Industry

This is simply an industry where producers are said to be price takers.

Explicit Costs

These are costs that are simply known as "out-of-pocket" costs or in accounting costs. They are an individual's fixed and variable costs of doing business.

Implicit Costs

These are costs that do not partains to monetary payment as they are the opportunity costs of doing business.

It is said that at zero profit, the revenue covers all the costs, including the implicit ones. The fact that her implicit costs are covered shows that no outside option or opportunity that is superior to the zero economic profit option is chosened.

4 0
3 years ago
C. "Higher level professions require indepth knowledge, good skill, and In
Oxana [17]

Answer:

Motivation and enthusiasm. Your next employer is investing in you, so they need to see that you are enthusiastic about working and motivated in your career.

Explanation:

6 0
3 years ago
Other questions:
  • Hobby Farms, Inc., owns rural property that it leases to various tenants,including Ira. Ira’s transfer of his entire interest in
    8·1 answer
  • What type of consumer debt is the largest in the united states
    5·1 answer
  • Sheffield Company had an investment which cost $250000 and had a salvage value at the end of its useful life of zero. If Mussina
    9·1 answer
  • Susan is having a bakery in the heart of the city and supplies special type of cheese cookies to all the retail outlets based on
    7·1 answer
  • How have powerful economic interests captured state power and fashioned economic trade policy to further their interests through
    6·1 answer
  • Public employment agencies are perceived by prospective applicants as having few high-skilled jobs; therefore, employers tend to
    11·1 answer
  • Eisler Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the
    15·1 answer
  • Tessellations that use more than one type of regular polygon are called semi-regular tessellations.
    5·2 answers
  • Ellie is spending her entire income on goods X and Y. Her marginal utility from the last unit of X is 100 and the marginal utili
    10·1 answer
  • Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!