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yaroslaw [1]
3 years ago
14

People who go on to get a _______ are considered experts in their field.

Business
1 answer:
Arlecino [84]3 years ago
8 0

Answer:

The correct answer is D that is Ph.D

Explanation:

An expert is the person or an individual who has a deep and broad competence in terms of experience, knowledge and skill via education and practice in a specific filed. An expert is recognized or acknowledged as a reliable source of skill and technique whose deciding or judging power is right and justify.

So, Ph.D is the one degree which will be considered as experts in the particular field or domain. For example, Ph. D in Psychology, Ph.D in Law.

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A large law firm uses an average of 10 packages of copier paper a day. Each package contains 500 sheets. The firm operates 260 d
Grace [21]

Answer:

(a):Annual demand = 10 packages per day*260 days per year = 2600 packages per year.

H = $1 and S = $10.

Thus Order quantity = (2*2600*10/1)^0.5 = 228 packages

(b): Total annual inventory control cost = Q/2*H + D/Q*S

= 228/2*1 + 2600/228*10

= 114 + 114.03

= 228.03

(c): Yes both annual ordering costs and holding costs are equal at $114.

(d): In case of order quantity of 100 packages the cost will be = 100/2*1 + 2600/100*10

= 50 + 260

= 310.

Thus the cost figure of $310 in case of 100 packages is more than the cost of $228.03 when 228 packages are ordered. Hence I will recommend that the office manager use the optimal order quantity instead of 100 packages.

4 0
3 years ago
Bell Computers purchases integrated chips at ​$350 per chip. The holding cost is ​$35 per unit per​ year, the ordering cos
valentina_108 [34]

Answer:

<h3><u>When holding costs are $35 per unit</u>,</h3>

1.The most cost-effective order quantity (assuming they take the most cost-effective discount, and use a fixed holding cost) is <u>182 units</u>.

2. At the chosen level of quantity, discount, and using the fixed holding cost, the total annual cost for Bell computers to order, purchase, and hold the integrated chips is <u>$1,585,898</u>.

<h3><u>When holding costs are 10% of purchase price per unit,</u></h3>

1.The most cost-effective order quantity (assuming they take the most cost-effective discount, and use a fixed holding cost) is <u>189 units</u>.

2. At the chosen level of quantity, discount, and using the fixed holding cost, the total annual cost for Bell computers to order, purchase, and hold the integrated chips is <u>$1,585,546.</u>

<h3>When holding costs are $35 per unit,</h3>

We follow these steps to arrive at the answer:

1. We have

Ordering Costs per order   $119

Holding Cost per unit            $35

Demand per month            405 units

Demand per year is                                405*12 = 4860 units

Since the most cost-effective order quantity is the Economic Order Quantity (EOQ), we compute the EOQ

\mathbf{EOQ = \sqrt{\frac{2SD}{H}}}

where

D is  demand per year

S is the Ordering cost per order

H is the holding cost per unit

Substituting the values we get,

EOQ = \sqrt{\frac{2*(405*12)*119}{35}}

EOQ = \sqrt{33048}

\mathbf{EOQ = 181.7910889 \approx 182 units}

2. The annual costs of ordering, purchasing and holding the integrated chips is the sum of the cost of ordering, purchasing and holding the integrated  chips.

Since the EOQ at 182 units falls in the second slab of Rich Blue Manufacturing, Bell computer can purchase chips at $325 per unit

Cost of purchasing the chips     \mathbf{405*12*325 = 1579500}

Number of orders to placed         \frac{Annual Demand}{EOQ}

Number of orders to placed         \frac{405*12}{182}

Number of orders to placed   \mathbf{26.703 \approx 27 orders}

Cost of orders                           Number of orders * Cost per order

Cost of orders                               \mathbf{27 * 119 = 3213&#10;}

Holding Costs                        \frac{EOQ}{2} * Holding cost per unit

Holding Costs                               \frac{182}{2} * 35

Holding Costs                               \mathbf{3185&#10;}

Total annual costs       \mathbf{1579500 + 3213 + 3185 = 1585898}

<h3>When holding costs are 10% of purchase price per unit,</h3>

1. We need to calculate the EOQ, which holding cost at each purchase price

EOQ_{350} = (2*(405*12)*119)/(350*0.10) \approx 182 units

\mathbf{EOQ_{325} = (2*(405*12)*119)/(325*0.10)\approx 189 units}

EOQ_{300} = (2*(405*12)*119)/(300*0.10)\approx 197 units

Since the EOQ lies between 100 and 199 units in all the three costs, Bell Computers can purchase the units only at $325 per unit, so its holding cost will be 10% of $325, which is $32.50 per unit.

2.2. The annual costs of ordering, purchasing and holding the integrated chips is the sum of the cost of ordering, purchasing and holding the integrated  chips.

Since the EOQ at 189 units falls in the second slab of Rich Blue Manufacturing, Bell computer can purchase chips at $325 per unit

Cost of purchasing the chips     \mathbf{405*12*325 = 1579500}

Number of orders to placed         \frac{Annual Demand}{EOQ}

Number of orders to placed         \frac{405*12}{189}

Number of orders to placed   \mathbf{24.762 \approx 25 orders}

Cost of orders                           Number of orders * Cost per order

Cost of orders                               \mathbf{25 * 119 = 2975  }

Holding Costs                        \frac{EOQ}{2} * Holding cost per unit

Holding Costs                               \frac{189}{2} * 32.5

Holding Costs                               \mathbf{3071.25&#10;}

Total annual costs    \mathbf{1579500 + 2975 + 3071.25 = 1585546.25&#10;}

<h3></h3>
7 0
3 years ago
How do ethics and law govern how businesses conduct themselves ?
Evgesh-ka [11]

Answer:

Ethics and law play a large part in the way organizations may treat those who work for them. Both ethical and legal concerns deal with when employees can be hired and fired, how management may treat them and pay them and what kind of work environment they can expect.

Explanation:

8 0
2 years ago
The following lots of Commodity Z were available for sale during the year. Beginning inventory 7 units at $49 First purchase 18
yuradex [85]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Beginning inventory 7 units at $49

First purchase 18 units at $50

Second purchase 53 units at $59

Third purchase 18 units at $64

The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year.

To calculate the ending inventory using the LIFO (las-in, first-out), we need to use the cost of the firsts units incorporated to inventory:

Ending inventory= 7*49 + 16*50= $1,143

3 0
3 years ago
which of the following is not an economic goal of leaders of most nations? a. efficiency b. price stability c. growth d. full em
Darina [25.2K]

One thing that is not the economic goal of most nations is e. excess goods and services.

<h3>What economic goals do most countries want?</h3>

Most countries want to be able to provide their people with an adequate living standard.

For this to happen, the economy needs to be growing and have price stability as well as full employment. There is no need for excess goods and services because this represents a waste of resources.

Find out more on economic goals at brainly.com/question/3140788.

#SPJ11

4 0
2 years ago
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