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djverab [1.8K]
3 years ago
6

You are the purchasing manager and you buy a raw material having the following information: Annual demand = 2000 units Fixed ord

er quantity = 200 units Order cost = $100 / order Inventory carrying cost = 25% Per unit purchase cost = $10 / unit Safety stock = 20 On average, what is the dollar value of inventory that you will have for this material?
Business
1 answer:
dimulka [17.4K]3 years ago
7 0

Answer:

<h2>Cost of Inventory = 1000 + 200 = $1200</h2>

Explanation:

Total Demand = 2000

Fixed order quantity = 200

No. of orders to meet this demand = 2000/200 = 10

Cost per order = $100

Total cost of 10 orders = 10 * 100 = $1000

Safety stock = 20

Per unit cost = $10

Cost of safety stock = 20 * 10 = $200

Total inventory = 2020 (Demand + Safety stock)

<h2 /><h2>Cost of Inventory = 1000 + 200 = $1200</h2>
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Answer:

The correct answer is the well-being of each person in an economy.

Explanation:

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A major reason why it is difficult to lower the barriers to free trade is A. the loss of jobs without any gain of jobs from free
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Answer:

B) the uneven distribution of gains and losses from free trade.

Explanation:

One of the most important reasons why governments impose trade barriers is to protect domestic jobs (and domestic industries). We are part of a society (country), and society's most important component is people, not money. Generally the economic gains of free trade are larger than the economic losses, but the economic losses hurt the most.

Imagine if no trade barriers actually existed, how many millions of jobs would be lost in the US. Trade barriers are nothing new, the current president didn't invent them. He just incinerated them.

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Decentralization refers to the degree to that decision-making is concentrated to the top of the organization: False.

<h3>What is a decentralized organization?</h3>

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This ultimately implies that, decentralization refers to the degree to that decision-making is concentrated to all the areas of an organization.

Read more on decentralization here: brainly.com/question/23818047

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8 0
2 years ago
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Lundquist Company received a 60-day, 9% note for $28,000, dated July 23, from a customer on account. Required: a. Determine the
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