Answer:
The EOQ is 642
The reorder point is 2,699
Explanation:
In order to calculate the EOQ we would have to calculate the following formila:
EOQ=√2DS/H
According to the given data we have the following:
D = 55,000
S = 21
H=40%*purchase cost
H=0.4*14 = 5.6
Therefore, EOQ=√(2*55,000*21)/5.6
EOQ=642
To calculate the reorder point If a service level of 98% is desired during the reorder interval, we would have to use the following formula:
reorder point=dL+z√σ∧2dL+σ∧2Ld∧2
reorder point=(7*205.22)+√(2.05*√(5∧2*7)+(3∧2*205.22∧2)
reorder point=2,699
Answer:
is called a forbearance and is adequate legal consideration for a contract.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Under contract law, a promise not to do something that a person could otherwise do is called a forbearance and is adequate legal consideration for a contract.
For example, a creditor who decides to forebear by refusing to collect money from a debtor.
12. After posting the journal entries to the ledger, the balance of the Cash account is <span>Credit $1,042.92.
13. </span>After posting the journal entries to the ledger, the balance of the Equipment—Store account is <span>Debit $4,500
</span><span>
14.</span>On May 3, the balance of the Equipment—Office account is <span>Debit $690
</span><span>
15. T</span>he balance of the Accounts Payable—Bellhaven Bank account is <span>Debit $1,000</span>
<span>
16. </span>After posting the journal entries to the ledger, the balance of the Supplies account is Debit $542.92
17. After posting the journal entries to the ledger, the balance of the Accounts Payable—Craft Bank account is <span>Credit $3,500
18. </span><span>After posting the journal entries to the ledger, the opening balance of the P. Woodsley—Capital account was unchanged.
19. The entry </span>you make in the Post Ref. column of the ledger to show that you posted the transactions from the journal is <span>J1
20. </span> Asset accounts are increased by entries to the debit side of the account.
Pretty sure I got all of them! Hope this helps!!
Answer:
A. the economy as a whole, such as how rapidly the economy grows
Explanation:
Economic theory is divided into two broad areas: macroeconomics and microeconomics. Macroeconomics discusses large economic aggregates, such as income, inflation, and employment variations. This is the part of science that studies the evolution of the economy as a whole. It is an approach that aims to discuss these factors and bring about improvements through economic policies. In turn, microeconomics deals with micro factors, such as the behavior of consumers and companies, including in relation to competitive structures.
