Answer:
The EOQ is 353 units
Explanation:
The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.
The formula for EOQ is,
EOQ = √(2*D*O) / H
Where,
- D is the annual demand in units
- O is the ordering cost per order
- H is the holding cost per unit per annum
The annual demand of oil filters by Sam is,
Annual demand = 52 * 150 = 7800 filters
The EOQ for Sam Auto Shop is,
EOQ = √(2*7800*16) / 2
EOQ = 353.27 Units rounded off to 353 units
Answer:
$2,340
Explanation:
The computation of cash received from this loan is shown below:-
cash received from this loan = Approved amount - (Approved amount × Two year × Percentage of loan
)
= Approved amount - ($3,000 × 2 × 11%
)
= $3,000 - ($3,000 × 2 × 0.11
)
= $3,000 - $660
= $2,340
Therefore, for computing the cash will Patricia receive from this loan we simply applied the above formula.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Basic models sell for $ 44 per unit with variable costs of $ 25 per unit. Deluxe models sell for $ 52 per unit with variable costs of $ 25 per unit. Total fixed costs for the company are $1,323. Gabe Industries typically sells three Basic models for every Deluxe model.
First, we need to calculate the weighted sales participation:
Basic= 3/4= 0.75
Deluxe= 1/4= 0.25
Now, we need to calculate the weighted average selling price and variable cost:
weighted average selling price= (selling price* weighted sales participation)= (44*0.75 + 52*0.25)= 46
weighted average variable cost= (variable cost* weighted sales participation)= (25*0.75 + 25*0.25)= 25
Now, we can calculate the break-even point in units:
Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Break-even point= 1,323/ (46 - 25)= 63 units
Answer:
APR = 669.17%
Explanation:
Cash 4U is charging $55 in interest for 6 days, that means it is charging Bob $9.17 in interest per day which is equivalent to 1.8333% daily interest. If we want to determine the APR we just have to multiply the daily interest by 365 days = 1.8333% per day x 365 days = 669.17%
