Answer:
It is called borrowed capital
True, basic accounting equation will be affected.
Explanation:
1. Identify a safe place or safe friend: Have a contact of a friend who can help you out to "get rid of that place". You can also have a code word to communicate that you are in danger.
2. Keep an alternate number for you: Buy a new number for you without knowing to the troublesome person to call and inform about the situation during danger.
3. Documents ready: Keep all the documents ready to safe guard yourself and your finance.
4. Memorize the contact numbers: Memorize the contact numbers family or friends who supports you.
Factors of production are common to all productive activities, regardless of the economic system. Labor, as a factor of production, relates only to the production of manufactured goods; services are not included. So it is True
Answer and Explanation:
The computation is shown below;
1. Reorder point is
= Daily demand × lead ime
= 20 × 3 days
= 60 pounds
2. The length of the order cycle is
= Order quantity ÷ demand rate
= 80 ÷ 20 pounds
= 4 days
3. The average inventory level is
= Order quantity ÷ 2
= 80 ÷ 2
= 40 pounds
4. The total daily cost is
the cost of the pepperoni = daily demand × cost per pound
= 20 × 3 pound
= 60
Daily ordering cost is
= daily demand ÷ ordering quantity × ordering cost
= 20 ÷ 80 × $10
= $2.50
And, the daily holding cost is
= ordering cost ÷ 2 × holding cost
= 80 ÷ 2 × 0.04
= $1.60
Now the total daily cost is
= $60 + $2.50 + $1.60
= $64.10
5. The economic order quantity is
= (√2 × annual demand × ordering cost ÷ carrying cost)
= √2 × 20 × 10 ÷ 0.04
= √10,000
= 100
