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
Alja [10]
4 years ago
10

ABC Ltd. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consum

ption is 80,000 units, Cost to place one order is $1,200, Cost per unit is $50, carrying cost is 6% of Unit cost, and EOQ is 8000 units. Find Total Cost of Inventory (Hint: total cost of inventory = Ordering Cost + Carrying Cost). (enter numerical value)
Business
1 answer:
viktelen [127]4 years ago
8 0

Answer:

The Total Cost of Inventory is $4,024,000

Explanation:

The computation of the total cost is shown below:

= Purchase cost + ordering cost + carrying cost

where,

Purchase cost = Annual consumption × Cost per unit\

                       = 80,000 × $50

                       = $4,000,000

Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order

                       = (80,000 ÷ 8,000) × $1,200

                       = $12,000

Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit

                      = (8,000 ÷ 2) × 6% × $50

                      = $12,000

Now put these values to the above formula  

So, the value would equal to

= $4,000,000 + $12,000 + $12,000

= $4,024,000

You might be interested in
Misleading advertising material created to look like regular news stories or social media is known as _____
Andrei [34K]

Answer:

B. Native advertising

Explanation:

A company wants to measure the share of customer as it is the indicator of brand preference, customer loyalty, and customer lifetime value.  

Companies should open themselves to criticism by being active on social media because rather than taking it as negative, companies can take it as an opportunity to analyze and evaluate their performance.

No, it is not ethical to observe shoppers for market research without their knowledge and permission.

 

Step-by-step explanation

Native advertising refers to the kind of advertisement in which the content exactly matches the platform on which it appears and displayed. Sometimes it appears in the form of editorial content which is referred to as advertorial, video or article. These kinds of ads make it difficult for consumers to understand the right content as it blends the correct content into the content of the platform. In native advertising, misleading content is created to look like regular stories by using ambiguous terms like sponsored or branded.  

 

The unified data layer refers to when an organization merges its complex and fragmented data into one central view. It provides a clearer and complete picture of the firm's data. Marketing analytics strives to establish a unified data layer so that all data is kept in a centralized place.  

 

Share of customer is defined as the part of the customer's purchasing that the company gets. In other words, it indicates how much a customer is spending on a company's product or service. A company wants to measure the share of customer because:

It is the indicator of brand preference that companies can use to evaluate their products and services.

It shows how loyal a customer is towards the company.  

It indicates how quickly a product or service gains popularity and acceptance in the market.

It indicated an organization's customer lifetime value.  

 

Companies should open themselves to criticism by being active on social media because rather than taking it as negative, companies can take it as an opportunity to analyze and evaluate their performance. Following are the ways by which companies can appreciate criticism on social media and take benefit from it:

Turn a negative comment into a positive one.

Allow people to criticize.

Thank the people who criticize

Learn and improve from the criticism

 

No, it is not ethical to observe shoppers for market research without their knowledge and permission. It is an act of deception that means to mislead someone or hide the truth for personal gain or advantage. In market research, deceiving someone is dishonesty on the part of the researcher as the shopper feels uninformed about the research.

8 0
3 years ago
Read 2 more answers
A company that makes organic fertilizer has supplied the following data: Bags produced and sold 240,000 Sales revenue $1,896,000
salantis [7]

Answer:

7.47 times

Explanation:

The computation of operating leverage is shown below:-

= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed costs)

= ($1,896,000 - $804,000 - $180,000) ÷ ($1,896,000 - $804,000 - $180,000 - $520,000 - $270,000)

= $912,000 ÷ $122,000

= 7.47 times

The (Sales - Variable costs) = Contribution margin

The  (Sales - Variable costs - Fixed costs) = EBIT

The correct answer is 7.47 times.Therefore, the option is not available.

8 0
4 years ago
Micromarketing involves marketing to specific countries rather than global markets.
Montano1993 [528]

Instead of targeting worldwide audiences, micromarketing targets localized nations.

This statement is wrong because micro marketing tends to focus on specific niche rather than specific countries.

What is Micro Marketing?

  • It is a type of marketing which is used in order to reach some specific group of people or an individual.
  • These are small in size i.e "micro" in nature or a group which was approached by the customised content.
  • It directly focuses on some niche and targets its potential consumers.
  • There are four levels of micro marketing
  • Mass Marketing
  • Segment Marketing
  • Niche Marketing
  • Micro Marketing

To learn more about micro marketing, visit: brainly.com/question/27963674

#SPJ4

3 0
2 years ago
Job 434 was recently completed. The following data have been recorded on its job cost sheet:______.
mart [117]

Answer: $26.48

Explanation:

The total cost of producing 2,000 units of Job 434 is;

= Direct materials + Direct labor cost + Manufacturing overhead cost

= 41,000 + (620 hours * 13 ) + ( 10 * 390 hours)

= $‭52,960‬

Unit product cost:

= total cost/ no. of units

= 52,960/ 2,000

= $26.48

5 0
4 years ago
Layla made a snide remark to her colleague that he "looks at the customer like henry ford probably did." what did she mean by su
Anarel [89]
She made a snide remark means she's looking to her colleague in a negative or insulting way. If her action is can be compared with how he looks at the customer like henry ford probably did.

Henry Ford is a well-known businessman. What Layla tried to show is that she collogue should treat well their customer because of the source of their money or company's income. 
8 0
3 years ago
Other questions:
  • Financial and Managerial accounting are similar in that both A. primarily emphasize future operating results and goals. B. are r
    14·1 answer
  • The proper tools constitute the _________ of service; the proper motive constitutes the _________ of service; proper teachings a
    11·1 answer
  • Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.
    11·1 answer
  • Orion company sells several products. information of average revenue and costs is as follows: selling price per unit $23 variabl
    8·1 answer
  • Ted works as a painter for local businesses on weekends, and he often provides services in exchange for property. In 2018, Ted p
    7·1 answer
  • Entrepreneurial opportunities Group of answer choices are conditions in which new goods or services can satisfy a need in the ma
    9·1 answer
  • The rules-based monetary policy reads: The annual growth rate in the money supply will be equal to the average annual growth rat
    12·1 answer
  • Whispering Winds Corp. had the following transactions. 1. Sold land (cost $7,200) for $9,000. 2. Issued common stock at par for
    6·1 answer
  • The current carrying value of Marigold’s $811000 face value bonds is $806000. If the bonds are retired at 105, what would be the
    8·1 answer
  • peanut butter and jelly are complements. if there is a decrease in the price of jelly, producer surplus in the peanut butter mar
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!