Answer:
A) EOQ = 208.56 units
B) Average inventory = 104.28 units
C) Optimum number of order = 28.76 times
Explanation:
Economic order quantity is the order quantity that minimizes the balance of ordering and carrying cost.
Economic order quantity = √2× 29× 6,000/8=208.56 units
Average inventory = Minimum stock level + Order quantity/2
minimum stock level is not given , hence
Average inventory = 208.56/2 = 104.28 units
Optimum number of order
Optimum number of order = Demand / order quantity
= 6000/208.56= 28.76 times.
EOQ = 208.56 units
B) Average inventory = 104.28 units
C) Optimum number of order = 28.76 times
Answer:
c, checking and saving accounts
The answer is Gross National Income or GNI. It is the overall product and services earnings of people inside and outside the country, including businesses. Thus, the overseas earnings of Americans all over the world is also a part of GNI.
Development is the process of an economy’s increasing industrialization, standard of living, and economic wealth.
When there is a development in economics, they focus on improving the fiscal economic and social conditions in developing countries. Development does not happen over night or at a fast pace but eventually the areas they want to have developed become more economically sound to keep up with the economy's needs. There are 4 stages of economic development, they are expansion, peak, contraction and trough.
Answer:
The correct answer is A
Explanation:
Lower of market or cost rule is the one which states or describe that a business or firm need to record the inventory cost at lower, that means whichever cost or the current market price is lower.
It is the term which is best illustrated as the drop or decrease of future utility below the original or the actual cost of the inventory.
