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
Andru [333]
2 years ago
14

Net Steels is a steel manufacturing company. It orders 180 metric tons of raw material per order. It was observed that the compa

ny often faces stockout. To tackle this issue, the company incorporated a fixed-quantity system (FQS) and collected the following data. Demand 11,000 metric tons per year Order Cost $18,000 per order Item Cost $36,000 per metric ton Inventory-Holding Cost 20 percent per year Using the data, Net Steels determined that the economic order quantity (EOQ) should be 235 metric tons. In this scenario, the annual amount that Net Steels can save by ordering as per the EOQ instead of its conventional order is: a. less than $45,000. b. more than $45,000 but less than or equal to $55,000. c. more than $55,000 but less than or equal to $65,000. d. more than $65,000.
Business
1 answer:
azamat2 years ago
7 0

Answer:

The answer is  c more than  $55,000 but less than or equal to $65,000

Explanation:

EOQ = √2DS/H

Demand = 11,000 × 36,000 = 396,000,000

Order Cost = 1$8,000

Holding Cost = 20/100 × 18,000

= 3,600

EOQ = √ 2 × 18,000 × 396,000,000/3,600

EOQ = √ 14,256,000,000,000/3,600

EOQ =√ 3,960,000,000

EOQ = $62,928.53

The answer is more than $55,000 but less than equal to $65,000

You might be interested in
Which of the following is not one of the competitive forces included in the competitive forces​ model?
photoshop1234 [79]

Answer:

C) the firms ability to differentiate its product

Explanation:

Porter five forces of the model comprise rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.

The rivalry among competitors deals with the strength and weaknesses of the competitors so that the business does the planning accordingly.  

The bargaining power of suppliers stated the change in the price of the product made by the supplier's offer plus the customer are attracted towards the product as the product is unique which impact the overall profit

The bargaining power of buyers deals with the number of buyers and how much orders are given by a single buyer.  

The threat of new entrants impacts the overall position of the business if the competitor enters the market.  

The threat of substitution is an alternative way to produce the goods and services which can also drop your position and also it directly impact profitability.  

4 0
2 years ago
Consider the following production function: q = 7LK + 5L^2 - (1/3) L^3. Given the following expressions for the marginal product
natali 33 [55]

Answer:

The  value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285

Explanation:

MRTS_KL = MP_L/MP_K

                 = (7K + 10L - L^2)/7L

                 = (7*30 + 10*15 - (15)^2)/7*15

                 = 1.285

Therefore, The  value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285

6 0
3 years ago
Can someone think of a company that cost up to at least 100k that doesn’t exist
Drupady [299]

Answer: A company that what at least cost a 100k is an oil rig  

Explanation: The reason why i say that for is because they make a lot of money and then they have to produce the oil and some of that money goes on the rig and to the workers that work there.

7 0
3 years ago
Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services. Dolor
natita [175]

Answer:

revenue cycle

Explanation:

Dolores Yu provides a payroll processing business. According to question, service has been rendered and now its time to collect bills for those service.

Since revenue cycle is capturing of bills and payment for product or service rendered. The work mentioned in the problem is part of revenue cycle.

5 0
2 years ago
A bank that has liabilities of $150 billion and a net worth of $20 billion must have:
Yakvenalex [24]
Had to look for the options and here is my answer. Given that the bank possesses a liability that is worth $150 billion and its net worth is only $20 billion, then this would mean that the bank must have ASSETS OF $170 BILLION. Hope this answers your question.
7 0
3 years ago
Other questions:
  • The vice president of HR, director of talent acquisition, director of talent development, and director of compensation and benef
    8·1 answer
  • _____ are the cost of borrowing money.
    7·2 answers
  • Olga, a salesperson for Pre-owned Cars & Trucks, Inc., tells Quincy, "This is the best car I’ve ever seen." This statement i
    13·1 answer
  • Laura is a billing clerk in a​ medium-sized manufacturing company. she reports to the supervisor of accounts​ payable, who in tu
    8·1 answer
  • The existence of "beaten paths" tends to discourage immigration because of the perception that job prospects have been exhausted
    5·1 answer
  • Ariel is saving money to purchase a new computer before she leaves for college in two years. She wants to open a special account
    9·1 answer
  • The preferred stock of Dolphin Pools pays an annual dividend of $6.25 a share and sells for $42 a share. The tax rate is 35 perc
    13·1 answer
  • Identify the stage of the new product development based on the given scenario.
    15·2 answers
  • _______ applications allow you to perform tasks on your computer.
    12·1 answer
  • With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!