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Naily [24]
3 years ago
7

You have been hired as a research assistant and are given the following data.

Business
1 answer:
dimulka [17.4K]3 years ago
4 0

Answer:

HJDDDDDDDDDDDDDDDDDDHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Explanation:

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A popular, local coffeeshop in one of the suburbs of New York City (NYC) estimates they use 3,500 pounds of coffee annually. The
andre [41]

a) The determination of the optimal size of the order assuming an EOQ model for the local coffee shop is <u>265 pounds</u>.

b) The total cost in the new coffee shop where the demand for coffee increased to 4,000 pounds at an order size of 265 pounds per order (assuming a unit cost of $3 per pound) is <u>$253,500</u>.

<h3>What is the EOQ Model?</h3>

The economic order quantity (EOQ) model calculates the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.

It is determined using the following model:

EOQ = square root of: 2 (ordering costs)(demand rate) / holding costs.

Thus, the EOQ model can be worked out as follows:

  • Determine the demand units.
  • Determine the ordering cost.
  • Determine the holding cost.
  • Multiply the demand by 2.
  • Then multiply the result by the order cost.
  • Divide the result by the holding cost.

<h3>Data and Calculations:</h3>

a) The annual demand for coffee = 3,500 pounds

Holding cost per pound = $10

Ordering cost = $100

EOQ = square root of: 2 ($100 x 3,500) / $10

= 265 pounds

The annual demand for coffee = 4,000 pounds

Holding cost per pound = $60

Ordering cost = $100

EOQ (Order size) = 265 pounds

Assumed unit cost per pound = $3

The total cost in the new coffee shop = $

Annual holding cost = $240,000 ($60 x 4,000)

Annual ordering cost = $1,500 ($100 x 4,000/265)

Annual purchase cost = $12,000 (4,000 x $3)

Total costs = $253,500

Learn more about the economic order quantity at brainly.com/question/14625177

6 0
1 year ago
Crane Real Estate Company management is planning to fund a development project by issuing 10-year zero coupon bonds with a face
xxTIMURxx [149]

Answer:

Present value of zero coupon bond = $283

Explanation:

Provided that zero coupon bonds are to be issued.

In zero coupon bonds issue price is less than face value to meet the needs.

Interest rate = 13%

Duration = 10 years, Paid semiannually.

Thus periods = 20

Interest rate = 13 \times \frac{6}{12} = 6.5

Therefore, Present value factor @6.5% for 20 periods = 0.283

Therefore, Value of bond today = $1,000 \times 0.283 = $283

3 0
3 years ago
A labor agreement stipulating that employers, although free to hire whomever they choose, may retain only union members and that
NikAS [45]

Answer:

Union shop

Explanation:

Union shop

it is referred to clause that allow employer to hire members who are already in the union or hire any individual who are not the member of the union for given period of time. it is legal in those state only that has not  enforced right to work law and not legal to that  state that allow practice of charging some amount from employee to the union.

5 0
3 years ago
The Oriole Chemical Corporation announced that, for the period ending March 31, 2017, it had earned income after taxes of $2,768
frozen [14]

Answer:

$560,838.44

Explanation:

Given that,

Earned income after taxes = $2,768,695.75

Revenues = $13,200,000

costs (excluding depreciation and amortization) = 61 percent of sales

Interest expenses = $392,168

Average tax rate = 34 percent

Income after taxes = Income before taxes × (1 - tax rate)

$2,768,695.75 = Income before taxes × (1 - 0.34)

$2,768,695.75 ÷ 0.66 = Income before taxes

$4,194,993.56 = Income before taxes

cost of goods sold:

= 61 percent of sales

= 0.61 × $13,200,000

= $8,052,000

Income before taxes = Sales - Cost of goods sold - Depreciation and amortization expenses - interest

$4,194,993.56 = $13,200,000 - $8,052,000 - Depreciation and amortization expenses - $392,168

$4,194,993.56 = $4,755,832 - Depreciation and amortization expenses

$4,755,832 - $4,194,993.56 = Depreciation and amortization expenses

$560,838.44 = Depreciation and amortization expenses

4 0
3 years ago
Demand-side market failures occur when Group of answer choices a good or service is not produced because no one wants it. govern
german

Answer:

demand curves don't reflect consumers' full willingness to pay for a good or service.

Explanation:

The market failure with regard to the demand curve arise at the time when the demand curve does not show the full willingness of the consumer for paying to purchase a good or taking any kind of service

Also the market failure is the situation where the distribution of the goods or services via free market is inefficient.

So the above statement should be considered

3 0
2 years ago
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