Young Co. issues $800,000 of 10% bonds dated January 1, Year 1. Interest is payable semiannually on June 30 and December 31. The
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Complete question:
Videoworld is a discount store that sells color televisions. The monthly demand for color television sets is 100. The cost per order from the manufacturer is $600. The carrying cost is $64 per set each year. Assume a year has 360 working days. Determine the following values rounding to the nearest integer (answer them using only numbers without any sign such as the dollar sign, comma, ...):
Q1. The optimal quantity per order: Q2. The minimum total annual inventory costs:
Q3. The optimal number of orders per year:
Q4. The optimal time between orders (in working days):
If the store had an inventory policy that allows shortages with the shortage cost per set estimated at $80, determine the following values:
5) The optimal quantity per order when the store allows shortages
6) The optimal storage level when the store allows shortages
7) The optimal number of orders when the store allows shortages
8)The optimal time between orders (in working days) when the store allows shortages.
Answer:
1) 150
2) $4,800
3) 8
4) 45 days
5) 201
6) 89
7) 6
8) 60 days
Explanation:
We are given:
Monthly demand, = 100
Cost per order, S= $600
Carrying cost, H = $64 per set/ year
Shortage cost, Cs = $80
Yearly demand will be, D= 100*12 =1200
1) The optimal quantity per order:
2) The minimum total annual inventory cost:
Average inventory * H
Where average inventory = Q*/2
Therefore,
Average inventory * H
= 75 * 64
= $4,800
3)The optimal number of orders per year:
4) The optimal time between orders:
5)The optimal quantity per order when the store allows shortages:
= 201.25 ≈ 201
6) The optimal shortage level when the store allows shortages:
= 89.33 ≈ 89
The optimal shortage level when the store allows shortages = 89
7) The optimal number of orders per year when the store allows shortages:
No. of orders =
= 5.97 ≈ 6
Optimal number of orders per year = 6
8) The optimal time between orders (in working days) when the store allows shortages:
Time between orders = Number of working days/ Number of orders
The optimal time between orders (in working days) = 60 Days
Answer:
Rate of unemployment will be 25 %
So option (b) will be correct option
Explanation:
We have given that the number of unemployed person = 8 million
And number of person who are employed = 24 million
So total number of person who are employed and unemployed = 24 +8 = 32 million
We have to find the rate of unemployment
Rate of unemployment is given by the ratio of unemployed person to the sum of employed and unemployed
So rate of unemployment = 25 %
So option (b) is correct option