Answer:
During the current year, the following manufacturing activity took place for a company's products. The beginning work–in–process, 70% complete, was comprised of 10,000 units. Units started into production during the year totaled 150,000 units. A total of 140,000 units were completed during the year. The ending work–in–process, 25% complete, was comprised of 20,000 units. What was the number of equivalent units using the first–in, first–out method?
Answer:
The business should order the inventory 25 times per year in a lot of 100 to minimize the inventory costs.
Explanation:
To calculate the lot size that minimizes the inventory cost, we will calculate the economic order quantity (EOQ) which is the order quantity that a business should order in each order to minimize the inventory related costs. The EOQ can be calculated using the attached formula,
EOQ = √[(2 * 2500 * 20) / 10]
EOQ = 100 packages
The lot size for each order should be 100 to minimize the inventory costs.
We can calculate the number of reorders per year by dividing the total annual demand by the EOQ.
Number of orders = 2500 / 100
Number of orders = 25 times
Answer:
transactional
Explanation:
If Amy treated company resources as if they were her own and encouraged continued development and training of her employees; If She cared about the staff deeply and even organized international volunteering activities to promote their growth. Amy could best be described as transactional leader
A Transactional leader is a type of leader that promote good behavior by followers through the psychological method of behavior reinforcement which is 'rewards and punishments'. By using a rewards and punishments system, such transactional leaders keep their followers motivated.
If the company's trend increases by 12.3% over the previous year and this is bound to continue then the percentage increase through a given number of months will be given by:
(1+ 0.123)∧m/12
we get (1.123)∧m/12
Simplifying the expression we get (1.123)∧(1/12)m
Evaluating (1.123)∧(1/12) we get 1.00971
Therefore, the expression to represent monthly percentage increase will be
(1.00971)∧m