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Digiron [165]
3 years ago
9

Inventory Control and Planning Neilsen Cookie Company sells its assorted butter cookies in containers that have a net content of

1 lb. The estimated demand for the cookies is 1,200,000 1 lb containers. The setup cost for each production run is $490, and the manufacturing cost is $0.42 for each container of cookies. The cost of storing each container of cookies over the year is $0.5. Assuming uniformity of demand throughout the year and instantaneous production, how many containers of cookies should Neilsen produce per production run in order to minimize the production cost
Business
1 answer:
xenn [34]3 years ago
4 0

Answer:

 48,497.42  containers

Explanation:

<em>The economic order quantity (EOQ) is a model that is used to determine the optimum order size that minimizes the balance of carrying and ordering cost.</em>

T<em>his model can also be modified to determine the optimum batch quantity, that is the number of units to produced in a production run. The model is given below  </em>

EOQ = √2× Co× D/Ch

EOQ - economic production run, Co- set up cost per run, Ch- carrying cost per unit per year, D-  demand

EOQ = 2 √2× 490× 1,200,000/0.5

EOQ =  48,497.42  containers

Neilsen should produce  48,497.42  containers per production run in order to minimize the production cost

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An assurance means the knowledge and courtesy of employees and their ability to convey trust.

<h3>What is an assurance?</h3>

This refers to the set of systematic activities that are intended to ensure that the objectives of a project are fit for purpose.

Hence, in evaluation of service quality, its means the knowledge and courtesy of employees and their ability to convey trust.

Therefore, the Option A is correct.

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6 0
1 year ago
The following information relates to Kew Company's Vale Division for last year: sales .................................. $500,00
-Dominant- [34]

Answer:

$114,000

Explanation:

The computation of the residual income is shown below:

As we know that

Residual Income = Net operating Income - Average Operating assets × Required rate of return

where,

Net Operating Income is

= Sales Revenue - Variable Costs - Fixed Costs

= $500,000 - $300,000 - $50,000

= $150,000

And,

Average operating Assets is

= Net Operating Income ÷ Return on Investment

= $150,000 ÷ 0.25

= $600,000

So, the residual income is

= $150,000 - $600,000 × 6%

= $150,000 - $36,000

= $114,000

3 0
3 years ago
The expression, "there's no such thing as a free lunch" implies that:
Stells [14]
The answer is D
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4 0
2 years ago
Blue Firm
labwork [276]

Answer:

F. Both firms have a dominant strategy to pick the Low Price option

Explanation:

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Now for the blue firm it also select the lesser price

So here the nash equilibrium would be

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The first payoff would be considered as a yellow firm and the other one is blue one

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6 0
2 years ago
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Took me a bit to understand what this is. I have no business sense at all.

Expected Rate of Return = 30%*5% + 9%*75% - 33% * (100 - 75 -5)%
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This then is expressed as a %
0.0165 = 1.65 % Sounds like you are buying a US short term treasury.
If anyone else answers, take their answer.
 
3 0
3 years ago
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