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
AlekseyPX
3 years ago
6

Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40%

of the $11 unit cost and that annual demand is about 235 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal? a) For what value of ordering cost would its action be optimal? Its action would be optimal given an ordering cost of $___________per order (round your response to two decimal places)
Business
1 answer:
defon3 years ago
4 0

Answer:

Its action would be optimal given an ordering cost of $28.31 per order

Explanation:

According to the given data we have the following:

economic order quantity, EOQ= 55 units

annual demand, D=235

holding cost per one unit per year, H=40%×$11=$4.4

ordering cost, S=?

In order to calculate the ordering cost we would have to use the following formula:

EOQ=√(<u>2×D×S)</u>

                (H)

Hence, S=<u>(EOQ)∧2×H</u>

                     2×D

           S=<u>(55)∧2×4.4</u>

                   2×235

          S=<u>13,310</u>

                470

          S=$28.31

Its action would be optimal given an ordering cost of $28.31 per order

You might be interested in
Paul pierce is busy working with other managers evaluating the products and businesses making up their company. paul is engaged
garri49 [273]

Paul Pierce is occupied assessing the firms and items that make up their corporation alongside other management. Paul is analyzing his Portfolio Analysis.

Portfolio Analysis is one of the areas of investment management that allows market participants to analyze and assess the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of measuring performance on a relative and absolute basis, as well as its associated risks, and also measures how likely it is of meeting the goals and objectives of a given investment mandate. A corporation that sells a variety of goods and services must perform a portfolio analysis on a regular basis. This entails examining each product independently in terms of its profitability, contribution to revenue, and room for expansion. The identification of items that are not at all lucrative or perform poorly within the group is made easier by this study.

To learn more about Portfolio Analysis here

brainly.com/question/28148314

#SPJ4

3 0
11 months ago
Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the ad
Lerok [7]

Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a: Debit to Depreciation expense  $ 30

Adjusting entries correct previously recorded journal entries, allowing revenue and costs to be recognized as they occur.

Assume, for example, Depreciation that you bill a customer for $1,000 in services in December. They then pay you in January or February, after the previous fiscal year has ended.

To begin, you record the cash in December as profit expected to be collected in the future in accounts receivable. Then, when the client pays in February, an adjustment entry must be made to record the receivable as cash.

This is referred to as an accrued revenue adjustment entry.

To  learn more about Adjusting entry from the given link:

brainly.com/question/13716497

#SPJ4

5 0
11 months ago
Managers of profit centers usually have a. ​Given excessively high bonuses b. ​No discretion over decisions c. ​Most of their de
erastovalidia [21]

Answer:C

Explanation:most of their decision overseen by corporate executive..in an organization where profit is the main target every decision must be thoroughly checked

7 0
3 years ago
Read 2 more answers
Which of the following statements are TRUE regarding the sale of a long position in a restricted long margin account?
tigry1 [53]

Answer:

b

Explanation:

50% of the proceeds of the sale are credited to SMA

and

There is a 50% retention requirement of the sale for a restricted account

6 0
3 years ago
What characterizes developing economies? Check all that apply.
vladimir1956 [14]

Answer:

A. a growing industrial economy

D. a focus on agricultural activity

Explanation:

The economies of developing countries are characterized by;

a growing industrial economy

a focus on agricultural activity

6 0
3 years ago
Read 2 more answers
Other questions:
  • Wireless communications is likely to be viewed as an essential part of an enterprise network infrastructure when:
    8·1 answer
  • Which kind of norm is so deeply ingrained that the very thought of breaking it brings feelings of disgust or horror?
    15·1 answer
  • Ellen loans Nicole $45,000 to start a hair salon. Unfortunately, the business fails in 2019 and she is unable to pay back Ellen.
    12·1 answer
  • Bruce, a first-line supervisor at Lou’s Market, regularly uses abusive and derogatory words when dealing with his subordinates.
    14·1 answer
  • At the green restaurants corporation, an employee survey reports efforts to increase worker satisfaction by redesigning jobs led
    13·1 answer
  • Mobile Sales has five employees which receive weekly paychecks. Each earns $11.50 per hour and each has worked 40 hours in the p
    9·1 answer
  • About how much should you save in emergency fund
    6·1 answer
  • Universal Containers' contact center manager needs to measure the following metrics: - Agent productivity - Customer satisfactio
    12·1 answer
  • A physical count of merchandise inventory on November 30 reveals that there are 82 units on hand. Assuming that the specific ide
    10·1 answer
  • Which view is represented below?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!