Answer: Prices will decrease
Explanation: Because of high supply, prices will decrease.
Answer:
The statement is false
Explanation:
The statement is false as, it is not allowed or permissible for information to flow in criss- cross or back tracking pattern in the office as long as the employees did not complain. The information is very crucial for every business, and the person or individual or employee should disclose the information in any manner un till it is permissible by the higher authorities or necessary to shared among them.
Answer:
The correct answer is A: $1,080,000
Explanation:
Giving the following information:
Reyes Company had a gross profit of $720,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year of operations as a retailer.
Assuming there was any beginning inventory:
Sales= gross profit + (purchase - ending inventory)
Sales= 720,000 + (840,000 - 480,000)= $1,080,000
Given that <span>Melissa
has been working to develop drought-resistance seeds that require
little water to grow and which produce grain. she wants to send these to
arid parts of the world, where conventional grain is not easy (or even
impossible) to grow to improve nutrition for the people in those
countries. in sociological terms, melissa most likely ascribes to </span><span>Cornucopian theory.</span>
Answer:
EOQ 400 units
inventory cost $1,200
holding $600
ordering $600
reorder point 369.9 pounds
Explanation:
EOQ
<u>Where:</u>
D = annual demand = 200 days x 75 pound per day = 15,000
S= setup cost = ordering cost = $ 16
H= Holding Cost = $ 3
EOQ 400
Inventory cost:
average inventory x holding cost
400/2 x $3 = $600 holding cost
order per year x order cost
15,000/400 x $16 = $600 order cost
<u>reorder point: demand x lead time + safety stock</u>
to get a confidence of 99% we need to look at the table for a Z value which is above 99% of the cases and then, move it to our ditribution.
In the talbe we got at a Z of 2.33 has a score of 0.99 which is the probability we want.
Now we calculate the safety stock
safety stock: 69.9
This is the safety stock
Now the company will reorder at:
daily use x lead time + safety stock:
75 x 4 + 69.9 =
300 + 69.9 = 369.9
