Normally customer does comparison shopping between consumer goods
Answer:
The company should wait 2.72 days.
Explanation:
a) Data and Calculations:
Annual demand = 15,696 units
Unit price = $52
Ordering cost = $71
Inventory holding cost = 20% of $52 = $10.40 per unit
Determined order quantity = 46 units
Number of orders per year = 92 times
Total quantity that can be ordered = 4,232 (46 * 92)
This implies that there should be inventory of 11,464 at the beginning of the period (15,696 - 4,232)
The days to wait between orders = 2.72 days (250/92)
Answer: C(x) = 2.08 + 500x
Explanation:
Given the following :
Cost component of picture frame :
Glass = $0.45
Wooden frame = $0.68
Assembly = $0.95
Assembly desk and tools = $500
Using the linear cost function :
C(x) = mx + b
C(x) = total cost
b = fixed cost
mx = variable cost
b = cost of glass + wooden frame + assembly
b = $(0.45 + 0.68 + 0.95) =$2.08
mx = (cost of assembly desk and tools * number produced) = 500x
C(x) = 2.08 + 500x
Answer: True
Explanation:
Foreign produced goods being sold in the United States are considered to be Imports. Imports are a leakage to the GDP of a nation as they represent income which flows out of the economy to other countries.
For this reason this income is subtracted from US GDP.
Indeed the Expenditure method accounts for this by deducting it from US Exports.
