Financial goals are helpful because they?

The Chemco Company uses a highly toxic chemical in one of its manufacturing processes. It must have the product delivered by spe

alukav5142 [94]

Answer:

Annual demand (D) =7,000 gallons

Ordering cost per order (Co) = $3,600

Holding cost per item per annum (H) = $50

EOQ = √2DCo

H

EOQ = √2 x 7,000 x $3,600

$ 50

EOQ = 1,004 units

Q = 1,004

Total minimum inventory cost

= Total ordering cost + Total holding cost

= DCo + QH

Q 2

= 7,000 x $3,600 + 1,004 x $50

1,004 2

= $25,099.60 + $25,100

= $50,199.60

Re-order point

= Maximum usage per day x Maximum lead time

= 7,000 gallons x 10 days

310 days

= 226 units

Explanation:

EOQ is a function of square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum.

Total minimum inventory cost is the aggregate of total ordering cost and total holding cost.

Re-order point is the product of maximum usage per day and maximum lead time.

Maximum usage per day is annual demand divided by the number of working days in a year.

4 0

4 years ago

Present value with periodic rates. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new w

rusak2 [61]

Answer:

What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)

$2,820.62

and monthly payments (12 per year)?

$531.13

Compare the annual cash outflows of the two payments.

total semiannual payments per year = $2,820.62 x 2 = $5,641.24
total monthly payments per year = $531.13 x 12 = $6,373.56

Why does the monthly payment plan have less total cash outflow each year?

The monthly payment has a higher total cash outflow ($6,373.56 higher than $5,641.24), it is not lower. Since the compounding period is shorter, more interest is charged.

What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)?

$2,820.62 x 12 payments = $33,847.44 ($25,000 principal and $8,847.44 interests)

Explanation:

cabinet cost $25,000

interest rate 10%

we can use the present value of an annuity formula to determine the monthly payment:

present value = $25,000

PV annuity factor (5%, 12 periods) = 8.86325

payment = PV / annuity factor = $25,000 / 8.8633 = $2,820.62

present value = $25,000

PV annuity factor (0.8333%, 60 periods) = 47.06973

payment = PV / annuity factor = $25,000 / 47.06973 = $531.13

5 0

3 years ago

Which of these is NOT an example of price discrimination? retirees getting a discount at a local movie theater soup companies se

Gre4nikov [31]

Answer:

A novel printed in paperback that sells for more than the same book in an electronic format

The example contains two different products, one is novel in paper form, and other in electronic form of the novel. Price discrimination occurs when we charge different prices for the same product from different customers. They are completely two different forms of the product which means the product is not identical in term of its form.

Explanation:

Above mentioned example is definitely does not fall under price discrimination.

Price Discrimination: is offering different prices to different customers for the same good. All of the other examples may falls under price discrimination because they contain same product but for different customers namely, discount at movie theater, soup companies sending coupons, and for the same drug they are charging different prices accordingly.

5 0

4 years ago

Lisa Simpson sells beauty supplies. Her annual demand for a particular skin lotion is 1,000 units. The cost of placing an order

Olegator [25]

Answer:

980

Explanation:

if you subtract them you would get 980

7 0

3 years ago

Pierre left a message on Shayna’s voicemail stating, “Hey Shayna. Regarding that painting we talked about. I changed my mind and

zysi [14]

The contract between Pierre and Shayna is not a valid contract due to the lack of acceptance from Shayna.

Further Explanation:

Contract:

A legally enforced agreement is considered a contract. An agreement is a promise between two parties to perform tasks for each other for some consideration. When an agreement becomes legally enforced, then it is considered as a contract. So the contract is a legally enforced promise between two parties for considerations. Both parties should get consideration and have a performance obligation.

Following factors are required for the contract:

Offer: A person should offer some consideration to another person for performing any activity or in the exchange of goods.

Acceptance of offer: The other person should accept the offer made by the first person.

Valuable consideration: There should be valuable consideration for both the parties.

Mutual obligation: Parties should promise to execute their obligated activities.

The performance capacity of the parties: Parties should be capable of performing the contract.

Legally enforcement: The contracts should be legally enforced.

These are the basic elements of a contract. If any contracts lack any of the given factors, then it will not be considered as a valid contract.

The contract between Pierre and Shayna:

In the current case, Pierre makes an offer to sell the painting to Shayna. Pierre leaves a message in the voicemail of Shayna, stating that if Shayna does not contact Pierre within one hour, then Pierre would consider that the Shayna wants to purchase the painting.

It is not a valid contract as it lacks the acceptance of the offer from Shayna.

Pierre enters the contract to sell the painting without considering the acceptance of the offer by Shayna. Pierre puts a condition that if she does not receive any revert from Shayna within one hour, then she would consider that Shayna has accepted the offer. For a valid contract, the promisee should accept the offer but the condition of acceptance (revert within one hour) does not state for the acceptance of Shayna. So, it will not be considered a valid contract.

Thus, the contract between Pierre and Shayna is not a valid contract due to non-acceptence.

Learn more:

1. Learn more about the cash deficiency

brainly.com/question/12981857

2. Learn more about the span of control

brainly.com/question/12986822

3. Learn more about the sales budget

brainly.com/question/12985585

Answer details:

Grade: Senior School

Subject: Business Law

Chapter: Contract Act

Keywords: Pierre, message, Shayna, voicemail, painting, mind, sell, steal, people, ASAP, hear, within an hour, not a valid contract, purchase a painting, lack of a(n), contract act, agreement, law, business law, promise, valid contract.

7 0

3 years ago