Answer:
$3,180
Explanation:
Monthly salary would be the base salary = $2500
Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;
Commission = 2% *34000 = $680
His total pay would be calculated by adding the base salary to the commission amount;
Total pay = base salary + commission
Total pay = $2500 + $680
Total pay = $3,180
Answer:
The optimal size of production run is 4656
Explanation:
Annual Demand (D) = 12,200
Daily demand (d) = Annual Demand / Number of days
Daily demand (d) = 12,200 / 300
Daily demand (d) = 40.67
Production rate per day (p) — 95
Setup cost (S) = 51
Annual holding cost (H) = 0.1
Part a)
Optimal Order Quantity (Q) = 3527.6 × 1.32
Optimal Order Quantity (Q)= 4,656.43
Optimal Order Quantity (Q)= 4,656
Therefore the optimal size of production run is 4656
Answer: 3.75 Riyals / USD
Explanation:
The Real Exchange rate is different from the Nominal exchange rate as it takes into account, the differences between the 2 nations being compared in terms of prices of goods and services.
As such it can be used to calculate the Nominal rate;
Real Exchange Rate = (Cost in U.S. x Nominal Exchange Rate) / Cost in Saudi Arabia
2/3 = (10 x Nominal Exchange Rate) / 56.25
2/3 x 56.25 = 10 x Nominal Exchange Rate
10 x Nominal Exchange Rate = 37.50
Nominal Exchange Rate = 37.50 / 10
Nominal Exchange Rate = 3.75 Riyals / USD
<em />
<em>The nominal exchange rate is 3.75 Riyals for every $1. </em>
Explanation:
The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:
Year 1 9,000 hours
Year 2 5,000 hours
Year 3 4,000 hours
Year 4 2,000 hours
The uncontrolled, competitive market equilibrium in the aforementioned graph has a tuition of $18,000 and a quantity of 30 million college students.
<h3>What Is Competitive Equilibrium? </h3>
Competitive equilibrium is a situation in which profit-maximizing producers and utility-maximizing customers reach an equilibrium price in competitive markets with freely determined prices. The quantity supplied and the quantity demanded are equal at the equilibrium price.
<h3>Why do competitive marketplaces alter equilibrium?</h3>
The market is constantly moving towards equilibrium because if the price is too high, there is a surplus and prices tend to drop until the surplus is sold and equilibrium is attained, and if the price is too low, there is a shortage and manufacturers raise prices and increase quantity provided.
Learn more about competitive market equilibrium: brainly.com/question/14412690
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