Answer:
D = 2,510 brackets
H = $1.60
Co = $20
EOQ = √2 x 2510 x 20/1.60
EOQ = 250 units
Average inventory = EOQ/2
= 250/2
= 125 units
Total Holding Cost = QH/2
= 250 x $1.60/2
= $200
No of order = Annual demand/EOQ
= 2,510/250
= 10 times
Annual ordering cost = DCo/Q
= 2,510 x $20/250
= $200
Total annual cost = Annual ordering cost + annual holding cost
= $200 + $200
= $400
Time between orders = No of working days in a year/No of order
= 250/10
= 25 days
Explanation: Economic order quantity is a function of square root of 2 x annual demand x ordering cost per order divided by holding cost per item per annum. D denotes annual demand, Co is ordering cost per order and H represents holding cost per item per annum.
Average inventory is calculated as EOQ/2
Total annual holding cost is calculated as EOQ multiplied by holding cost per item per annum/2
No of order is the ratio of annual demand to EOQ
Annual ordering cost is calculated as annual demand multiplied by ordering cost per order divided by EOQ
Total annual cost is the aggregate of annual ordering cost and annual holding cost
Time between orders is the ratio of number of days in a year to number of order
Answer:
do not Install guard rail because the guard rail cost exceed the expected benefits
Explanation:
given data
guard rail cost = $70,000
average damage = $10,000
guard rail prevent = 5 vehicles
to find out
What should the county do
solution
we know here guard rail cost is $70,000
but expected benefits = $10,000 × 5
expected benefits = $50,000
so we can say that do not Install guard rail because the guard rail cost exceed the expected benefits
I hope this is the answer that you're looking for
The average annual cost of general liability insurance is $741 (less than $62 per month), a median price of $428 (about $36 per month).
Most small business owners (54 percent) paid between $400 and $600 for their policies, and 21 percent paid less than $400.
A is your answer so then there is less supply than there is demand.
