Answer:
Explanation:
Using the EOQ Formula = EOQ
D = Demand = 773
O = Ordering Cost =28
H = holding Cost = 11*33% =3.63
So we have :
EOQ=
EOQ= 
EOQ=
EOQ= 
EOQ= 109.20196
Previous per unit order cost = 28/773 =0.03622
No of Orders = D/o
No of Orders = 773/109.20196 =7.0786
Cost per order =109.20196*0.03622 =3.9555
Total order cost= 7.0786*3.9555=27.9998
At EOQ holding Cost is equal to Order Cost
New Order cost =27.9998
Holding Cost = 27.9998
New cost As per EOQ = 56
Previous (33+28) = 61
Net Saving = 5
Answer:
b. diminishing returns to specialization.
Explanation:
Diminishing returns is also called diminishing productivity. It states that as additional unit of input is used in production it will get to a stage where more of input will be required to maintain output levels.
If the same level of input is used it will result in reduction in output over time.
This is exemplified in this secanrio where it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons.
It takes more input to increase output by 1 ton
We can avoid water pollution by keeping our water clean and trashless.
Answer:
Missing word <em>"You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $3996 in it and pays an 8% interest rate."</em>
a. At 18 years, future value of current amount (compounded for another 7 years at 8%)
= $3,996 * (1.08)^7
= $3,996 * 1.7138
= $6,848.34
b. At age 65, future value of this amount (compounded for another 40 years at 8%)
= $6,848.44 * (1.08)^40
= $6,848.44 * 21.7245
= $148,779.93
c. Future Value = Present Value * (1 + Interest Rate)^n
So, let initial the money deposited be represented by Y
=> $3,996 = Y * (1.08)^18
=> $3,996 = Y * 3.996
Y = $3,996 / 3.996
Y = $1,000
Answer:
The head of the company
Explanation:
Chief execute officer of a company is the highest-ranking executive in a company, whose primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the board of directors (the board) and corporate operations, and being the public face of the company.