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kakasveta [241]
3 years ago
11

For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 350 units, and the total annual inve

ntory (holding and order) cost is $1050. What is the inventory holding cost per unit per year for this item
Business
1 answer:
Zina [86]3 years ago
4 0

Answer: $3 per unit per year

Explanation:

Inventory holding cost per unit for this item is:

= Total Annual inventory carrying cost / Average inventory

Total Annual inventory carrying cost = Total annual inventory / 2

= 1,050 / 2

= $525

Average inventory = EOQ / 2

= 350 / 2

= 175 units

Inventory holding cost per unit = 525 / 175

= $3 per unit

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Answer:

A painter hired to paint your home.

Explanation:

Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.

For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.

Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.

Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.

In the other scenarios special skill is required so delegation will not be usually allowed.

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3 years ago
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4 0
2 years ago
How many hours of approved continuting education within a 3-year period are required?
jok3333 [9.3K]

Answer:

The correct answer should be: "60 minutes of instruction over around 10 hours certification multiplied by the required years, although this is always dependant on the program".

Explanation:

Approved Continuing Education (ACE) is a kind of continuing literacy in which people search for the best practices to improve work and study. It is always dependant on the program chosen, which means that the subjects, units, schedules, hours, and activities will be according to different patterns. Usually, most of them have a minimum of around 1 hour of instruction, concluding in a 10 hours certification multiplied by the required years, although some others have a concluding certificate of a multiplied 20 hours, such as in the case of most of brazillian certificates for continuing courses.

8 0
3 years ago
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Which description most closely matches the term: IN DEPTH
Romashka [77]

Answer:

Used for complex operations or introduction of new equipment

8 0
4 years ago
a. Using the starting point formula, what is the price elasticity of demand for going from a price of $160 per unit to a price o
ki77a [65]

Answer:

Price Elasticity of Demand is -4

Explanation:

We can see the graph and easily calculate the Q1 which is 120 units at P1 $140 and Q2 which is 80 units at P2 $160 price.

The starting point formula for calculating price elasticity of demand is given as under:

Price Elasticity of Demand = (ΔQ / Q2)  /  (ΔP / P2)

Here

ΔQ = Q1 - Q2 = 120 - 80 = 40 units

ΔP = P1  -  P2 = 140 - 160 =   - $20

By putting value in the above equation, we have:

Price Elasticity of Demand = (40 Units / 80 Units)  /  (-$20 / $160)

Price Elasticity of Demand = -4

8 0
3 years ago
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