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ira [324]
3 years ago
7

A popular, local coffeeshop in one of the suburbs of New York City (NYC) estimates they use 3,000 pounds of coffee annually. The

y have to determine how many pounds to order each time in order to minimize their total annual cost. a. Determine the optimal size of the order assuming an EOQ model with a holding cost of $10 per pound annually and an ordering cost of $100. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Business
1 answer:
Alekssandra [29.7K]3 years ago
6 0

Answer:

EOQ = 244.948974 rounded off to 244.95 pounds

Explanation:

The EOQ or economic order quantity is the quantity of goods that must be ordered to reduce and minimize the inventory related costs. The EOQ can be calculated using the formula provided in attachment.

Using the formula in the attachment, we calculate the EOQ to be,

EOQ = √[(2 * 3000 * 100) / 10]

EOQ = 244.948974 rounded off to 244.95 units

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Answer:

Amount which is earned from bank B will be $7444.21

Explanation:

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We have to find the interest after 8 years

Total amount after 8 year is given by

A=P(1+\frac{r}{100})^n=7500\times (1+\frac{9}{100})^8=7500\times 1.99256=$14944.21

So the amount which he earn more = $14944.21 - $7500 = $7444.21

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3 years ago
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4 years ago
Trade deficits have an effect on inflation. Explain the relationship between trade deficits and investment verbally and mathemat
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1 year ago
Suppose there is one firm in a market with linear demand function. The firm has a constant marginal cost of $9. The firm is curr
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Answer:

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3 years ago
TJ electronically transferred $125.41 from his checking account to Rachel's checking account. In what column of the check regist
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