Answer:
Hence, the second statement describing the average inventory is false
Explanation:
<em>The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost. It is the order size that optimizes the investment in stock ordering</em>.
The following statements
The number of orders = Annual demand/order size
Re-order level(point) Average daily usage × average lead time
Average inventory = safety stock × (1/2× order size)
The average Dollar value = Unit price × average inventory
Hence, the second statement describing the average inventory is false
Answer:
Answer text is available please see the attachment file for easy understanding
Sr. Date Levine Company Debit Credit
Journal
1 Not Given Cash $8,064
Credit Card Expense-Suntrust $336
Sales $8,400
2 Not Given Cost of Goods Sold $6,000
Merchandise Inventory $6,000
3 Not Given Accounts Receivable-Continental $5,460
Credit Card expense $140
Sales $5,600
4 Not Given Cost of goods Sold $3,500
Merchandise Inventory $3,500
5 12-Apr Cash $5,460
Accounts Receivable-Continental $5,460
Answer: See explanation
Explanation:
Based on the information given in the question, the advise for Billy is that he should save his money rather than purchasing things that are useless.
He has goals to get a car, go to college and buy a big house but he's rather spending on useless stuff. This will make his goals harder to achieve but saving the money for future purpose is essential to achieve his dreams and meet other demands.
At a profit-maximizing output level, marginal revenue minus marginal profit equals zero.
Marginal profit is maximized in which marginal sales equals marginal cost. In this example, maximum income takes place at five devices of output. a superbly competitive company will also find its earnings-maximizing level of output where MR = MC.
To calculate the marginal sales, a agency divides the change in its overall revenue by way of the alternate of its overall output quantity. Marginal sales is identical to the promoting price of a single extra object that become bought. underneath is the marginal revenue system: Marginal revenue = trade in revenue / exchange in quantity.
If a firm can not compete on price and operates at a marginal loss (poor marginal income), it'll ultimately cease manufacturing. profit maximization for a firm occurs, therefore, while it produces as much as a degree where marginal price equals marginal revenue, and the marginal earnings is 0.
Learn more about marginal revenue here:-brainly.com/question/13444663
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Answer:
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. Or It Can Be a useful or valuable thing, such as water or time.
Explanation:
