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solong [7]
3 years ago
9

Using the following year-end information for WorkFit calculate the acid-test ratio:

Business
1 answer:
ASHA 777 [7]3 years ago
7 0

Answer:

0.97

Explanation:

The computation of the acid-test ratio is given below:

= Quick assets ÷ current liabilities

= (cash + short term investment + account receivable + supplies) ÷ (accounts payable + wages payable)

= ($58,110 + $14,000 + $58,000 + $5,600) ÷ ($108,000 + $31,900)

= $135,710 ÷ $139,900

= 0.97

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A manager receives a forecast for next year. Demand is projected to be 510 units for the first half of the year and 1,020 units
lukranit [14]

Answer:

290 units

Explanation:

The order size that will minimize the sum of ordering and carrying costs is known as the Optimum Order Quantity or Economic Order Quantity (EOQ).

At this point, the Ordering and Carrying costs will be at their minimal.

<em>Optimum Order Quantity = √2 × Annual Demand × Ordering Cost per unit ÷ Holding Cost per unit</em>

Where,

Annual Demand = 1st half + 2nd half

                           = 510 units + 1,020 units

                           = 1,530 units

Therefore

Optimum Order Quantity = √ (2 × 1,530 units × $55) ÷ $2

                                          = 290

Conclusion

The order size that will minimize the sum of ordering and carrying costs is 290 units

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What is a trend in business
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egoroff_w [7]

Answer: Private companies are among the most significant drivers of economic growth.

Explanation:

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8 0
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3 years ago
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