Answer:
a. 598 units
b. $897
c. $898
Explanation:
a. The computation of the economic order quantity is shown below:
![= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}](https://tex.z-dn.net/?f=%3D%20%5Csqrt%7B%5Cfrac%7B2%5Ctimes%20%5Ctext%7BAnnual%20demand%7D%5Ctimes%20%5Ctext%7BOrdering%20cost%7D%7D%7B%5Ctext%7BCarrying%20cost%7D%7D%7D)
= 598 units
b. The average inventory would equal to
= Economic order quantity ÷ 2
= 598 units ÷ 2
= 299 units
Carrying cost = average inventory × carrying cost per unit
= 299 units × $3
= $897
c. The number of orders would be equal to
= Annual demand ÷ economic order quantity
= $19,900 ÷ 598 units
= 33.28 orders
Ordering cost = Number of orders × ordering cost per order
= 33.28 orders × $27
= $898
Answer:
d. The shipment of parts arrived two days late.
Explanation:
Based on the information given as answers, the best fit for the term "Organizational Performance" would definitely be The shipment of parts arrived two days late. This is because a delayed shipment is bad organization on the shipping company's part and also throws off the organization of the company, so the managers should work on controlling this better.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
A) John will purchase 3 slices of pizza and have consumer surplus of $10.50.
Explanation:
It is assumed that a rational consumer would continue consumption only if marginal benefit is greater or equal to marginal cost.
Marginal Cost here is the cost of the pizza which is $1.50.
After the 3rd slice, the marginal cost becomes greater than marginal benefit, so it expected that John would stop consuming pizza at the 3rd slice.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
Here the willingness to pay of John is represented by his marginal benefits.
Consumer surplus = ($7 - $1.50) + ($5 - $1.50) + ($3 - $1.50) = $10.50
I hope my answer helps you
Answer:
For example, the government, through its power of eminent domain, can take property for a public purpose so long as it fairly compensates the owner pursuant to the Fifth Amendment to the US Constitution. Likewise, local, state and federal laws and regulations limit how a property owner can use real property