Answer:
9 pizzas
Explanation:
Given that:
A pizza is ordered frozen from a local pizza establishment and baked at the cafeteria.
Judith anticipates a weekly demand of 10 pizzas.
Opening weeks in a year = 45 weeks
Opening days in a week = 5 days
Daily demand = 10/5 = 2
Ordering cost = $15
Holding cost = $0.40 /pizza/year
Lead time = 4 days
Safety stock = 1 pizza
The objective is to determine the optimal reorder point.
The optimal reorder point = (daily demand × lead time) + safety stock
The optimal reorder point =( 2 × 4 ) + 1
The optimal reorder point = 8 + 1
The optimal reorder point = 9 pizzas
Answer:
No, because the second method has lower total costs of production.
Explanation:
In a bid to make profits businesses must always compare different processes and choose the cheapest one.
This will eventually reflect in the profitability of the business.
In this instance let's get the cost of each process.
Fabric costs $110 a bolt and labor costs $20 an hour.
The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour
Total cost = (100 bolts * 110) + (1500 * 20)
Total cost = $41,000
For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour
Total cost = (150 *110) + (1000 * 20)
Total cost = $36,500
As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker
Answer:
a. When drawing conclusions, make sure you summarize and explain your findings.
b. Tips for writing recommendations:
A. Your recommendations should always be the result of prior logical analysis.
B. Your recommendations should never be in the form of a command.
Explanation:
A good conclusion touches the theme or main topic, summarizes the main points, and connects with the introduction, but with a sense of closure. Conclusions should be sound and logical. Irrelevant conclusions are annoying to the senses. Without a conclusion, the report will sound like one illogical move without clear direction and purpose.
Recommendations should address improvement efforts based on the problem(s) presented in the body of the report.
The value of the goods produced is recorded for the the current year GDP. The year of production not the year of the sale is where the product being produced needs to be recorded within. If it is sold the following year, the sale will then be recorded in the year it is sold in.
Answer:
Net present value at 8%=($42510)
Explanation:
Explanation- Net present value = Present value of cash inflows – Total outflows
={(19000*6.7100) - $170000}
=$127490- $170000
= ($42510)
Annual net cash inflows = Net income+ Depreciation
= $4000+$15000
= $19000
Straight line Method:-
= Cost of asset- Salvage value of asset/No. of useful life (years)
=($170000-$20000)/10 years
=$150000/10 years = $15000
Net present value at 3%=($7926)
Explanation- Net present value = Present value of cash inflows – Total outflows
={(19000*8.5302) - $170000}
=$162074- $170000
= ($7926)
Annual net cash inflows = Net income+ Depreciation
= $4000+$15000
= $19000
Straight line Method:-
= Cost of asset- Salvage value of asset/No. of useful life (years)
=($170000-$20000)/10 years
=$150000/10 years = $15000
