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ziro4ka [17]
3 years ago
6

For certain item, the cost minimizing other quantity obtained with the basic EOQ model is 100 units, and the total annual invent

ory( holding and setup) cost is $300, what is the holding cost per year for this item?a. $1.50 b. $2.00 c. $3.00 d. $150.00 e. Not enough data to determine
Business
1 answer:
Marrrta [24]3 years ago
4 0

Answer:

c. $3.00

Explanation:

We know that

Average Holding cost = average inventory based on Economic order quantity × carrying cost per unit

$150 = 50 units × carrying cost per unit

So, the carrying cost would be $3

The computation is shown below:

The average carrying cost would be $300 ÷ 2 = $150

And, the average inventory would be 100 units ÷ 2 = 50 units

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iVinArrow [24]

Answer: market power is greatest in industry C.

Explanation:

The Herfindahl–Hirschman Index, is the measure of market concentration. It is calculated by squaring the market share of every firm that is competing in the market after which the resulting numbers will be added.

A market that has an HHI of less than 1,500 is said to be a competitive marketplace. A market that has an HHI of 1,500 to 2,500 is said to be moderately concentrated while a market that has an HHI of 2,500 or more is said to be highly concentrated. Therefore, the industry with the highest Herfindahl indexes here is industry C with 5000 and it has the most market power.

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3 years ago
HELP Question 3: To determine gross profit, A:subtract the cost of goods sold from sales.
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Explanation:

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3 years ago
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During 2010, raines umbrella corp. had sales of $850,000. cost of goods sold, administrative and selling expenses, and depreciat
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To calculate: 
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 Less: Cost of goods sold = $610000
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4 years ago
A firm in a perfectly competitive market: a.must reduce its price if it wants to sell a larger quantity. b.must be large relativ
mr Goodwill [35]

A firm in a perfectly competitive market: d. must take the price that is determined in the market.

<h3>What is a perfectly competitive market?</h3>

A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.

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