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
quester [9]
3 years ago
5

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat

ion.​ Thomas's fastest-moving inventory item has a demand of 5 comma 750 units per year. The cost of each unit is ​$96 ​, and the inventory carrying cost is ​$9 per unit per year. The average ordering cost is ​$31 per order. It takes about 5 days for an order to​ arrive, and the demand for 1 week is 115 units.​ (This is a corporate​ operation, and there are 250 working days per​ year). ​a) What is the​ EOQ? nothing units ​(round your response to two decimal​ places).
Business
1 answer:
11111nata11111 [884]3 years ago
3 0

Answer:

199.02 units

Explanation:

The computation of the economic order quantity is shown below:

Data provided in the question

Annual demand per year = 5,750 units

The Cost of each units = $96

The inventory carrying cost per unit per year = $9

The average ordering cost per order = $31

So, economic order quantity is

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{5,750}\times \text{\$31}}{\text{\$9}}}

= 199.02 units

Hence, the economic order quantity is 199.02 units

You might be interested in
In an operating lease, a sale is not recorded by the lessor. Instead, the periodic lease payments are accounted for as rent reve
yaroslaw [1]

Answer:

-The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.

-The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.

-The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.

Explanation:

The mode of reporting in an operating lease is slightly different from that in a finance lease. For example, the lessor can use a straight-line form of reporting he revenue while the lessee can use a straight-line form of reporting the expense for the given term of the lease. The lessee and lessor usually report expense and revenue respectively.

5 0
3 years ago
How would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold? quest
11111nata11111 [884]
<span>how would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold ? C) The supply of smartphones would decrease. Excise taxes are based on the quantity of an item and not on its value. For example, the federal government imposes an excise tax of 18.4 cents on every gallon of gas purchased, regardless of the price charged by the seller. States often add an additional excise tax on each gallon of fuel. so, government will charged 5.00$ excise tax on smartphone will affected supply of smartphones would decrease.</span>
8 0
3 years ago
Gina changes the amount of milk she purchases depending on whether it costs $1,$1.50, or $1.75 a pound. What other information d
Illusion [34]

Answer: how much butter she buys at each price point.

Explanation: The demand curve shows how much a person chooses to buy at different prices. In order to graph the curve, we need to know how much butter Jenna buys when it costs $1, $1.50, and $1.75.

3 0
3 years ago
_____ are one of the inputs to manufacturing and service-delivery processes. a. Subassemblies b. Stock-keeping units c. Finished
Contact [7]

Answer:

a. Subassemblies

Explanation:

Subassemblies are one of the inputs to manufacturing and service-delivery processes. This is because these are small units that need to be assembled separately but then later become part of the final larger manufactured product. Therefore since they are part of the final manufactured product they are an input in the manufacturing process of that larger product needed in order for it to be finished.

3 0
3 years ago
Which of the following are advantages and characteristics of hot working relative to cold working (three correct answers):
Rashid [163]

Answer:

(a), (e), (f)

Explanation:

A)Fracture of workpart is less likely

E) Lower deformation forces are required F). More significant shape changes are possible

8 0
3 years ago
Other questions:
  • Bowzer Co. has just received $2.7 million from the sale of one of its divisions. The company has 375,000 shares outstanding that
    6·1 answer
  • Those who study management will understand how to ___.
    8·2 answers
  • 1. Formulate a unique business idea and state the mission and vision statements
    9·1 answer
  • Chelsea has vivid childhood memories of Saturday mornings when her father used to take her out to a restaurant for breakfast. It
    9·1 answer
  • A​ zero-coupon bond is a bond that is sold now at a discount and will pay its face value at the time when it​ matures; no intere
    13·1 answer
  • Hudson Co. reports the contribution margin income statement for 2015. Contribution Margin Income Statement For Year Ended Decem
    8·1 answer
  • Information needed to prepare an income statement’s Expense section is obtained from a work sheet’s Account Title column and
    14·1 answer
  • 5. Michael told Greg to sell his collection of vintage heavy metal band t-shirts. He
    8·1 answer
  • Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income
    12·1 answer
  • An organization decides to send cashiers who have a high incidence of shortages on the job to a retraining program in order to c
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!