1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
3 years ago
12

Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem

and for these connectors is 15 comma 100 units. Southeastern estimates its annual holding cost for this item to be ​$23 per unit. The cost to place and process an order from the supplier is ​$77. The company operates 300 days per​ year, and the lead time to receive an order from the supplier is 3 working days. ​a) What is the economic order​ quantity? nothing units ​(round your response to the nearest whole​ number). ​b) What are the annual holding​ costs? ​$ nothing ​(round your response to the nearest whole​ number). ​c) What are the annual ordering​ costs? ​$ nothing ​(round your response to the nearest whole​ number). ​d) What is the reorder​ point? nothing units ​(round your response to the nearest whole​ number).
Business
1 answer:
Rashid [163]3 years ago
7 0

Answer:

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = \sqrt{3*1500*77/23} = \sqrt{15065.21739} = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B)  Annual holding cost = 23 * 122 / 2 = $1403

C ) Annual ordering costs = 1500/122 * 77 = $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

Explanation:

Annual demand for connectors : 1500

ordering cost ( cost to place and process an order ) : $77

annual holding cost per unit : $23

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = \sqrt{3*1500*77/23} = \sqrt{15065.21739} = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B)  Annual holding cost = 23 * 122/2 = $1403

C ) Annual ordering costs = 1500 / 122 * 77 = $946.72 ≈ $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

daily demand = 1500 / 300 = 50

lead time = 3

You might be interested in
Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to
inessss [21]

Answer:

barriers to entry in monopoly but not in monopolistic competition.

Explanation:

Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.

Since monopolies do not face competition, they can earn economic profits in the long run.  

4 0
3 years ago
Katie wants to be successful in her selling career, so she strives to improve her _____ knowledge by working on her sales abilit
k0ka [10]

Answer:

B. selling-related

Explanation:

Here are the options to this question :

A. customer-related

B. selling-related

C. industry

D. technical

E. market-related

Katie wants to be successful in her selling career, so it is necessary for her to gain knowledge in the field she wants to be successful in. So, she should be improving her selling related knowledge

8 0
3 years ago
Consumer surplus is A. the difference between the highest price a consumer is willing to pay and the price the consumer actually
ss7ja [257]

Answer is A

Explanation: Consumer surplus actually happens when a customer is willing and ready to pay for a particular product than its current market price. It is a measure of the additional benefits a consumer gets after paying for a product even though they are willing to pay more.

For example: Let's assume you want to get a IPhone 8 plus and you value it at $800 dollars, which you are ready to pay, but realise it is sold at $700. When you buy it at $700, the customer surplus is $100, that is a difference between how much you were willing to pay and the price you eventually got it.

Consumer Surplus changes as the equilibrium price of a good rises or falls. If the price of a good rises, the consumer surplus decreases but when the price of the good falls, the consumer surplus increases.

3 0
3 years ago
A 2-year bond with par value $1,000 making annual coupon payments of $106 is priced at $1,000. a. What is the yield to maturity
shutvik [7]

Answer:

Explanation:

Face value = 1000

market price = 1000

annual yield = 106

yield to maturity = (106/1000) x 100

= 10.6 % .

8 0
3 years ago
On January 1, 2019, Al's Sporting Goods purchased store fixtures at a cost of $180,000. The anticipated service life was 10 year
xz_007 [3.2K]

Answer:

The journal entry is shown below:

Explanation:

The journal entry is as follows for recording the depreciation:

Depreciation expense A/c.........................Dr  $ 14,400

           Accumulated depreciation...............Cr   $ 14,400

Working Note:

Depreciation rate = 100 % / Number of years of life

= 100 % / 10 years

= 10%

This will be multiplied by 2

= 10% × 2

Depreciation rate = 20%

Using the double declining method:

In year 2019

Depreciation expense = Cost of purchasing × Depreciation rate

= $180,000 × 20%

= $36,000

In year 2020

Depreciation expense = ( Cost of purchasing - Depreciation expense of last year) × Depreciation rate

= ($180,000 - $36,000) × 20%

= $144,000 × 20%

= $28,800

Using the Straight Line method:

In the year 2021

Depreciation expense = (Cost of purchasing - Depreciation expense of 2 years) / Number of years of useful life

= ($180,000 - $64,800) /  8

= $115,200 / 8

= $14,400

5 0
3 years ago
Other questions:
  • Lana owns a house worth $325,000 and has a mortgage of $245,000. She owns a guitar worth $750. She also owns a car worth $15,000
    6·2 answers
  • A firm has 5,000,000 shares of common stock outstanding, each with a market price of $8.00 per share. It has 25,000 bonds outsta
    14·1 answer
  • Smitty Museum purchased the copyright to a piece of artwork for $925,000. Smitty plans to reproduce 2.1 million posters of the a
    8·1 answer
  • Interior Designs has a days sales in inventory of 51 days, an average payment period of 38 days, and an average collection perio
    7·1 answer
  • Which of the following is a valid shortcoming of the use of foreign aid to eradicate​ poverty? A. It may not lead to a sizable i
    14·1 answer
  • Kay and Jenny's, a restaurant, implements a new system that identifies and gathers information about its regular customers. It r
    11·1 answer
  • Investment spending in macroeconomics refers to: adding to one's retirement account. adding to physical capital. buying stocks.
    11·2 answers
  • Conciseness and clarity are what count in business.
    9·1 answer
  • Refer to the data. Assuming the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check clea
    11·1 answer
  • Someone please help will mark as brainliest
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!