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saul85 [17]
3 years ago
5

Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The sho

p operates 52 weeks per year, and weekly demand is 150 filters Sam estimates that it costs $16 to place an order and his annual holding cost rate is $2 per oil filter. Using this information, calculate the economic order quantity.
Business
1 answer:
Sindrei [870]3 years ago
3 0

Answer:

The EOQ is 353 units

Explanation:

The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.

The formula for EOQ is,

EOQ = √(2*D*O) / H

Where,

  • D is the annual demand in units
  • O is the ordering cost per order
  • H is the holding cost per unit per annum

The annual demand of oil filters by Sam is,

Annual demand = 52 * 150 = 7800 filters

The EOQ for Sam Auto Shop is,

EOQ = √(2*7800*16) / 2

EOQ = 353.27 Units rounded off to 353 units

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Answer: Answer is 1

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In a market economy, a high price is a signal for producers to supply more and consumers to buy less.

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Lane is considering a career as a public relations specialist in which he
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Answer:

0.73 or 73%

Explanation:

Return on investment (ROI) shows the benefit an investor receives in relation to their invested amount. It is expressed as a ratio or a percentage of the net income against the investment's cost.

It is calculated using the formula below.

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2 years ago
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:
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Answer:

20Y3

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Credit Accounts receivable $66,000

<em>(To recognize notes receivable iro past due account)</em>

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Credit Interest receivable $161.33

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2 years ago
Accepting a good-quality lot would be a _____.
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2 years ago
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for th
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Answer: $8600

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