The EOQ will remain the same
Explanation:
EOQ(Economic order quantity) is the commercial quantity terminology. The value of an efficient order is the optimal amount of the item to be ordered concurrently so that the combined annual production expenses and material transfer are reduced. The optimal lot size is also called as the EOQ.
In 1913, Ford W. Harris created this production planning pattern and was improved in the course of time. The model implies that the cost of production, purchasing, and holding remains constant.
The EOQ is the ideal request quantity for a business that minimises its overall cost for orders, receipts and inventory holdings. In cases where demand, purchasing, and holding costs remain constant with the period, the EOQ formula is usually applied.
Answer:
C. Citizens have more wants than they can fulfill with their available resources.
Explanation:
Correct for APEX
Answer:
17 Years
Explanation:
Multiply $25,000 and .06 (6%) your answer should be $1,500. $1,500 goes into $25,000 16.66666~ times. Round it to 17. There's your answer.
Answer:
3.6
Explanation:
The receivables turnover for the year is calculated as;
= Net sales(credit sales) ÷ Average accounts receivables
Average account receivables
= ($200,000 + $220,000) ÷ 2
= $210,000
Therefore, Receivables turnover
= $750,000 ÷ $210,000
= 3.6