Answer:
Explanation:
.......................................................... Raise?
Answer:
Total cost =$339,704.55
Explanation:
Annual inventory demand = quarterly demand × 4
= 16,761 ×4 = 67044
Purchase cost
= cost per unit × annual demand
= 67044 × $5 = $335,220.00
Annual set-up cost
= set up cost r × no of set-up
=( 67044/ 3,58) × $120= 2242.274247
Annual holding cost
= Holding cost × average inventory
(3,588/2 )× $5 = $2242.5
Total annual inventory cost
= 2242.27+ $2242.5 + 335,220
= $339,704.55
Yes, the EOQ is correct because the annual set-up cost = Annual holding cost
Answer:
D. Capacity
Explanation:
In order to applying for a loan, the financial institution analyze the borrower information in terms of creditworthiness i.e. collateral property, cash on hand, repayment conditions, status of the job. These factors should be based on the capacity of the borrower whether he or she is eligible for a loan or not
Therefore according to the given situation, the option D is correct and the same is to be considered
The secured credit cards are backed by a collateral deposit against the risk of default in repayment by the cardholder. Each card is liable to be repaid by the cardholder with the amount of purchases being made.
<h3>What is a credit card?</h3>
A card, or a form of plastic money, issued by a financial institution in such a way that the person to whom such card is issued can utilize it to purchase goods and services on credit, is known as a credit card.
A secured credit card is a safe and risk-free form of issue for the issuer, as it is covered by a security deposit as a collateral. Repayment is done either out of the deposits, or by manual payment by the cardholder.
Hence, the significance of a credit cards is given.
Learn more about credit cards here:
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