Answer:
A) EOQ = 208.56 units
B) Average inventory = 104.28 units
C) Optimum number of order = 28.76 times
Explanation:
Economic order quantity is the order quantity that minimizes the balance of ordering and carrying cost.
Economic order quantity = √2× 29× 6,000/8=208.56 units
Average inventory = Minimum stock level + Order quantity/2
minimum stock level is not given , hence
Average inventory = 208.56/2 = 104.28 units
Optimum number of order
Optimum number of order = Demand / order quantity
= 6000/208.56= 28.76 times.
EOQ = 208.56 units
B) Average inventory = 104.28 units
C) Optimum number of order = 28.76 times
Answer:
The marginal propensity to consume is <u>92 percent</u>.
Explanation:
Marginal propensity to consume (MPC) refers to the additional expenditure on consumption by consumer as a result of an in national income.
That is, MPC is a measure of the proportion or percentage of the additional income that goes consumption expenditure.
MPC can be calculated using the following formula
MPC = ΔC / ΔY ......................................... (1)
Where;
ΔC = Change in consumption = New consumption - Old consumption = $1,168 - $800 = $368
ΔY = Change in income = New income - Old income = $1,400 - $1,000 = $400
Substituting the values into equation (1), we have:
MPC = $368 / $400 = 0.92, or 92%
Therefore, the marginal propensity to consume is <u>92 percent</u>.
Answer: D. $90,518.40
Explanation:
They are putting a 20% down payment on the home which means they are paying 80%;
= 80% * 157,500
= $126,000
First find the monthly payments;
Present value = Payment * ((1 - (1 + r)^-n) / r)
n= 20 * 12 = 240 months
r = 6/12 = 0.5%
126,000 = Payment * (( 1 - ( 1 + 0.5%)⁻²⁴⁰) / 0.5%)
126,000 = Payment * 139.58077168292915831291691663652
Payment = 126,000/139.58077168292915831291691663652
Payment = $902.70313
They'll pay that for 240 months;
= 902.70313 * 240
= $216,648.7512
Interest = 216,648.7512 - 126,000
= $90,648.7512
= $90,648.75
<em>Closest answer is D. </em>
The correct answer is letter d. Automobile grease. Automobile grease is recommended for use in gearboxes. Grease is considered a semisolid lubricant. It literally consists of soap emulsified with vegetable oil and mineral oil. The <span>feature of greases is that they possess a high initial </span><span>viscosity.</span>
