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liraira [26]
3 years ago
6

"Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he shoul

d store in his 6,800 gallon fuel tank. Each year Jack uses 68,000 gallons of diesel (usage is spread evenly throughout the year). Jack knows with certainly that he can have a load of fuel delivered in 5 days. The price of fuel is $2.04 per gallon and there is a separate $50 ordering fee per order. Jack thinks his holding cost per unit is 40%. If Jack orders at EOQ, what will be the average inventory of fuel in his 6,800 gallon tank?"
Business
1 answer:
Brut [27]3 years ago
4 0

Answer: 1443.5 gallons

Explanation:

Thw following can be gotten from the question:

Fuel tank capacity = 6800 gallon

Annual demand, A = 68000 gallons

Ordering cost, O= $50

Carrying cost, C = 40% × $2.04 = $0.816

EOQ = ✓2AO/✓C

= ✓(2×68000×50) / ✓0.816

= ✓6800000 / ✓0.816

= 2887

Average inventory = EOQ/2

= 2887/2

= 1443.5 gallons

Therefore, the average inventory will be 1443.5 gallons.

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Cowles Corporation, Inc. makes and sells a single product, Product R. Three yards of Material K are needed to make one unit of P
DaniilM [7]

Answer:

The total needs of material K in November = 52,410

Explanation:

opening ( 13600 * 3 )= 40,800 *30%                                     12,240

Purchases                                                                               40,170

total Available material                                                         52,410

used for production(13,600*3)                                               40,800

Closing  inventory ( 12,900 *3 ) = 38,700*30%                     11,610

The opening inventory for November is October's closing inventory  

6 0
3 years ago
During the​ year, ​, ​Inc., has in​ revenues, in​ expenses, and in dividend payments.​ Stockholders' equity changed by
Bezzdna [24]

Answer:

$198,000

Explanation:

Here is the full question used in answering this question :

During the year, Fast/Wash Inc., has $310,000 in revenues, $105,000 in expenses, and $7,000 in dividend payments. Stockholders equity changed by

Change in stockholders equity = +310,000 -  $105,000 -  $7,000 = $198,000

Income increases stockholders equity while, dividend payments and expenses reduce stockholders equity.

8 0
3 years ago
A taxpayer places a $50,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. A
Evgesh-ka [11]

<u>Answer:</u>$50000

<u>Explanation:</u>

Recovery period of the asset means that the company starts to realize its depreciation for the assets. In the recovery period the taxpayer will start to write off the asset with the depreciation value calculated using the useful years of the asset.

Half year convention means that the assets have been used for the first half of the year and the rest of the depreciation amount will be deductible at the end of the year. So the entire useful value of the asset is taken for the amount of cost of recovery in the year 2019.

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The court which you were sentenced to go to. thats where i wrote mine to
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A project manager only focuses on the projects that the business wants to do and complete whereas an operational manager controls the operational side of the business. They should be kept apart because otherwise, their job requirements will get in the way of each other. I hope this helps!
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