Answer:
a) EOQ = √[(2 x S x D) / H]
- S = order cost = $21
- D = annual demand = 930 x 12 = 11,160
- H = annual holding cost = $35 x 28% = $9.80
EOQ = √[(2 x $21 x 11,160) / $9.80] = 218.7 ≈ 219 shoes
b) total ordering costs = (11,160 / 219) x $21 = $1,070.14
total holding costs = $9.80 x (219 / 2) = $1,073.10
total purchases = $35 x 11,160 = $390,600
total inventory costs = $392,743.24
c) The EOQ model faces two main problems:
- first, it assumes that the demand is constant and can be predicted with 100% accuracy and that is not usually the case. Also, demand might be seasonal which makes the EOQ model useless.
- second, it assumes costs are constant and they are generally not, e.g. the price of shoes might change
Answer:kasher quon\
Explanation:
lets go ight ight ight ight ya feel me? aye
Answer:
$6 per bushel
3 thousand bushels
Explanation:
The equilibrium price is the price for which the quantities demanded and supplied are the same, regardless of the price floor.
The equilibrium quantity is given by:
The equilibrium price is:
At market equilibrium, the price is $6 per bushel, and the equilibrium quantity is 3 thousand bushels.
Answer:
office memorandum.
Explanation:
An office memorandum is a written message used as a means of communication of policies, decisions or procedures issued by an appropriate authority to another within the same organization.
Simply stated, an office memorandum is used to issue instructions or for communicating an action or decision reached by the executive arm of an organization to another, such as subordinates within the same organization.
In this scenario, if Vice President Kim must tell Phuong that Phuong's employment ends within two weeks. The best channel of delivering this message is through the use of an office memorandum.
The office memorandum typically states the sender and who the recipient is in its header.
Also, the purpose of the memorandum is often stated with a declarative sentence of the subject matter.
Answer:
$4,522
Explanation:
As the restaurant is not acquired so the amount of $28,000 would be non-deductible
Also if the expenses is incurred so the maximum deduction allowed is in excess of $50,000 is $5,000
Now
= $51,000 - $50,000
= $1,000 reduction
And,
= $5,000 - $1,000
= $4,000 deduction
Now
= $51,000 - $4,000
= $47,000
Now
= $47,000 ÷ 180 months
= $261 × 2 months
= 522
Now total deduction is
= $4,000 + $522
= $4,522