The quantity of the item that should be ordered is equal to 158 if its demand is 2,000 units per year.
The quantity of an item that should be ordered is linked to its demand and its carrying cost as well as the ordering cost. The quantity that should be ordered can be determined by using the economic order quantity formula. It may also be called as optimum lot size. The formula can be given as;
EOQ = √(2×ordering cost×annual demand ÷ holding cost)
As the annual demand for this item is 2000 units and each order cost $25 and the holding cost is $4, substituting these values in the equation as follows;
EOQ = √(2 × 25 × 2000 ÷ 4)
EOQ = √(100,000 ÷ 4)
EOQ = √25,000
EOQ = 158
Therefore, the quantity of the item that should be ordered is calculated to be 158.
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In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
Answer: (A) Geocentric
Explanation:
A geocentric company is one of the type of internal recruiting method where the national companies and the management looking for some good opportunities at very large scale.
The basic approach of the geocentric company is that it views the entire world the the form of single market and also developing the various types of standard marketing mix in the form of global market.
According to the given question, when a company treat the products, people and the resources as the transcending boundaries is refers as the geocentric company. In this the companies recruiting the
Therefore, Option (A) is correct answer.
Answer:
(A) Technical skills
Explanation:
Technical skills are the abilities and knowledge needed to perform specific practical tasks that are often related to mechanical, information technology, mathematical, or scientific tasks.
Answer: The correct answer is "a. You may have to tell your accountant to conduct reconciliations to ensure that the rates in the system make sense when compared to actual rates.".
Explanation: Paul should surely recommend that your accountant verify the rates applied in the accounting system have reliability and are correctly related to the actual rates and if not, perform the necessary reconciliations.
