Answer:
a. 339 brackets
b. 169.5 and $296.63
c. 12 and $300
d. $596.63
e. 4 days
f. 40 brackets
Explanation:
Economic Order Quantity is the Order size that minimizes holding costs and ordering cost of inventory.
Economic Order Quantity = √ 2 × Annual Demand × Ordering Cost / (Holding Cost per unit)
= √(2 × 4,000 × $25.00) / $1.75
= 339 brackets
Average Inventory = Economic Order Quantity ÷ 2
= 339 ÷ 2
= 169.5
Annual inventory holding cost = Average Inventory × Holding Cost per unit per year
= 169.5 × $1.75
= $296.63
Orders to make each year = Total Annual Demand ÷ Economic Order Quantity
= 4,000 ÷ 339 brackets
= 11.7994 or 12
Annual order cost = Number of Orders × Cost per Order
= 12 × $25.00
= $300
Total Annual Cost = Annual inventory holding cost + Annual order cost
= $296.63 + $300
= $596.63
Reorder point (ROP) = Lead time × usage per day
= 4 × ( 2,500 / 250)
= 40 brackets
Answer:
Option A: Must be calculated on earned income as well as adjusted gross income in some cases
Explanation:
Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.
Earned income are simply wages, self-employment income, and eligible disability pay.
The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.
Answer:
The statement is true. An international strategy in which the company attempts to combine the benefits of global scale efficiencies with the benefits and advantages of local responsiveness is called global strategy.
Explanation:
"Global strategy" refers to the planning and delimitation of objectives that a certain company develops to fulfill its objectives at the international level, encompassing and integrating actions in various territories to maximize the benefits of the company, and providing international solutions for consumers and their claims.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The correct option is D, be concise
Explanation:
Being concise means that the presenter is being asked to achieve two opposing objectives of using few words as much as possible as well as being comprehensive enough such that the audience understand the topic appropriately.
Conciseness in actual terms, is required because the audience are not trained finance professionals and would not be able to comprehend professional terminologies.
