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Step2247 [10]
3 years ago
12

The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the co

urse of the past week, 457 patrons have ordered the hearty breakfast and each serving contains a half cup of English peas. It costs two cents to hold a half cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). It takes two weeks to ship a container from England loaded with peas. What is the average inventory if they order at the optimal order quantity?
Business
1 answer:
Paha777 [63]3 years ago
6 0

Answer:

The average inventory if they order at the optimal order quantity is 1.335

Explanation:

Accordin to the formula

Optimal order quantity = \sqrt{2*yearly demand * Order cost/Holding cost}

=\sqrt{2*52*457*3 / 0.02}

= 2670

Average inventory = Optimal order quantity / 2 = 1335.

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In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.Accounts receivable
leva [86]

Answer:

Total Current assets = $622,000

Explanation:

<u>Balance sheet (For the year ending)</u>

<u>Current asses                   Amount     </u>

Accounts receivable        $220,000

Cash                                  $83,000

Stock                                 $275,000

Finished goods $89,000  

Raw materials   $94,000

W.I.P                  $92,000

<u>Prepaid expenses            $44,000     </u>

<u>Total Current assets        $622,000  </u>

7 0
2 years ago
Suppose the U.S. Drug Enforcement Agency steps up its efforts to control the illegal importation of cocaine into the United Stat
nikklg [1K]

Answer:

The Price of Cocaine would rise drastically

Explanation:

If U.S Drugs Enforcement Agency impose higher restrictions in an effort to control illegal import of cocaine into the United States, this would directly impact the market for illegal drugs in the following ways:

  • Since more restrictions get imposed, the procurement cost of cocaine alongside the risk associated with it in the form of higher penalties and prosecution, both will rise.
  • The supply of cocaine would shrink in the market.
  • The above two outcomes would result into the procurers and peddlers demanding much greater price for the same quantity of cocaine so as to compensate for the higher risk assumed and higher procurement costs associated.

Thus, price of cocaine will rise drastically as an outcome of such a move.

3 0
3 years ago
Gladys learns from her agent Phil that he has just received a full price offer from a minority couple. She tells Phil to pull he
GaryK [48]

Answer:

both Gladys and Phil

Explanation:

Based on the information provided within the question it can be said that in this scenario both Gladys and Phil are guilty of violating the Fair Housing Law.  The Fair Housing law completely outlaws the refusal to sell a house or property to someone on the basis of race, color, disability, religion, sex, familial status, or national origin. Which is exactly why Gladys and Phil removed the property and did not want to sell to the minority couple.

5 0
3 years ago
As a marketing manager for kitch-it-tools, jim is frustrated with the way his organization markets their kitchen utensils. curre
Leokris [45]

The Kitch it tools is presently practicing mass marketing. Mass marketing is a way of having to produce products or serve their market or business in a wide variety or large scale in which the kitch it tools has the aim of targeting largest possible number of people.

6 0
3 years ago
The following information pertains to Sheridan Company.
DanielleElmas [232]

Answer:

Adjusted Cash Balance at 31 August 2022 = 9654

Explanation:

Bank Reconciliation Statement at August 31, 2022

Cash Balance as per Bank  August 31,                                         $7338

Add: Deposit in Transit                                                                  $3010

<u>Deduct: Outstanding Checks                                                        ($694 )</u>

<u>Adjusted Cash Balance                                                                  $9,654</u>

<u />

Cash Balance as per books, August 31,                                        $7374

Add: Receivable collected by bank                                               $2326

<u>Less:Bank Service Charges                                                           ($46)     </u>

<u>Adjusted Cash Balance                                                                  $9,654 </u>

<u />

5 0
2 years ago
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