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Reil [10]
3 years ago
12

Gentle Ben's Bar and Restaurant uses 7,400 quart bottles of an imported wine each year. The effervescent wine costs $5 per bottl

e and is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $10 each time an order is placed, and holding costs are 30 percent of the purchase price. It takes two weeks for an order to arrive. Weekly demand is 148 bottles (closed two weeks per year) with a standard deviation of 30 bottles.'Ben would like to use an inventory system that minimizes inventory cost and will provide a 90 percent service probability. a. What is the economic quantity for Ben to order? (Round your answer to the nearest whole number.) Economic order quantity bottles b. At what inventory level should he place an order? (Use Excel's NORMSINVO function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Inventory level ____ bottles
Business
1 answer:
Leto [7]3 years ago
7 0

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Ezra runs a gyro stall at the local farmers' market. He would like to expand and open his own shop downtown. He has made the cha
Kaylis [27]

Answer: Economic choices result in trade-offs.

Explanation:

The chart simply purports to show that when making economic decisions, you will have to accept trade-offs because resources are not infinite.

For instance, in order to expand, you will need to take on more financial risk. In that same vein, in order to serve more people, you will have to divide time between two stalls and might end up closing a stall.

Trade-offs simply have to be made.

7 0
3 years ago
after three summers working for a local landscaping business, scott suggested that his boss add snow removal as an extra service
zheka24 [161]

Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.

Intuition is a product of inventiveness, especially when one has creative skills for bringing out solutions to ensure success.

Scott was not acting in hindsight because he had not engaged in snow removal before. Scott did not suggest based on minority dissent since there is no opposing suggestion from the majority.

Similarly, Scott was not acting on a sudden reaction, which suggested that the boss required a business idea from Scott.

Thus, Scott was acting on intuition when he suggested to his boss embrace snow removal as an extra service with potential.

Read more about intuition at brainly.com/question/14985297

6 0
2 years ago
Is your company is a good, average, or weak competitive position compared to rival companies? How do you know?
dolphi86 [110]

Answer: How to Tell If a Company Is the Right Fit

Ask questions about culture, but be strategic about it.  

Repeat: Do ask questions during the interview process.  

Do a visual scan of the office or ask for a tour.  

Mine your network.  

At the final stages of the interview process, ask for a peer interview.

Explanation:

8 0
3 years ago
Rios Corporation reports costs for the year as​ follows: Direct Materials Used $ 795 comma 000 Wages to Line Workers 270 comma 0
Pavlova-9 [17]

Answer:

$1,490,000

Explanation:

Given that,

Direct Material used = $795,000

Wages to Line workers = $270,000

Indirect Materials used  = $425,000

Total product cost for the year:

Direct Material used + Wages to Line workers + Indirect Materials used

= $795,000 + $270,000 + $425,000

= $1,490,000

Therefore, the total product costs for the​ year is $1,490,000.

5 0
3 years ago
Joey wants to buy a $3,000 vehicle with 20 percent down for three years at 12 percent interest. what will his monthly payment be
Gnoma [55]

Joey wants to pay for a $3,000 automobile over three years at a 12.5% interest rate with a 20% down payment. His monthly payment will be $79.70.

<h3>What is interest rate?</h3>

The proportion that the lender charges as payment for the loan is known as the interest rate. The annual percentage rate, or APR, seeks to depict the cost of borrowing more accurately. The interest rate, fees, and discount points are all factored into the APR calculation.

<h3>What is the purpose of the interest rate?</h3>

An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.

Learn more about interest rate: brainly.com/question/13324776

#SPJ4

5 0
2 years ago
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