Answer:
A
Explanation:
In the hospitality business you would be focusing on the customers needs first. Therefore you would try and accept the form of payment that is easiest for them.
Answer:
The correct answer is "None of these".
Explanation:
The formula presented in the problem has all of its components described in the statement. The speed is equal to the distance divided by time. In the statement, it explicitly states that V is the velocity, t is the time and d is the distance. In this way, it describes all the components of the present formula.
Have a nice day!
Answer: The correct answer is "Included in net income".
Explanation: When an impairment of an investment that is classified as available for sale occurs for a reason that is judged to be "other than temporary," the investment is written down to its fair value and the amount of the write-down is <u>included in net income.</u>
Answer:
a) EOQ = √[(2 x S x D) / H]
- S = order cost = $21
- D = annual demand = 930 x 12 = 11,160
- H = annual holding cost = $35 x 28% = $9.80
EOQ = √[(2 x $21 x 11,160) / $9.80] = 218.7 ≈ 219 shoes
b) total ordering costs = (11,160 / 219) x $21 = $1,070.14
total holding costs = $9.80 x (219 / 2) = $1,073.10
total purchases = $35 x 11,160 = $390,600
total inventory costs = $392,743.24
c) The EOQ model faces two main problems:
- first, it assumes that the demand is constant and can be predicted with 100% accuracy and that is not usually the case. Also, demand might be seasonal which makes the EOQ model useless.
- second, it assumes costs are constant and they are generally not, e.g. the price of shoes might change
