1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anvisha [2.4K]
3 years ago
7

Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he should

store in his 9,000 gallon fuel tank. Each year Jack uses 90,000 gallons of diesel (usage is spread evenly throughout the year). Jack knows with certainly that he can have a load of fuel delivered in 5 days. The price of fuel is $3.09 per gallon and there is a separate $120 ordering fee per order. Jack thinks his holding cost per unit is 30%. If Jack orders at EOQ, what will be the average inventory of fuel in his 9,000 gallon tank?
A. ≈1,206 gallons

B. ≈2,578 gallons

C. ≈2,413 gallons

D. ≈2,290 gallons
Business
1 answer:
Tcecarenko [31]3 years ago
3 0

Answer:

C. ≈2,413 gallons

Explanation:

For computing the average inventory, first we have to determine the economic order quantity which is shown below:

=\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{90,000}\times \text{\$120}}{\text{\$0.927}}}

= 4,827.1079 gallons

The carrying cost is

= Price of fuel × holding cost per unit

= $3.09 × 30%

= $0.927

Now the average inventory of fuel is

= Economic order quantity ÷ 2

= 4,827.1079 gallons ÷ 2

= 2,413 gallons

You might be interested in
The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expe
Rom4ik [11]

Answer:

Net Income = $1,250

Explanation:

Benning Co.

Income Statement

For the Month Ended July 31, 2010

Particulars                             $                     $

Revenues                                                6,000 (1)

Expenses:

Wages Expense               2,600 (2)

Supplies Expense            1,000 (3)

Utilities Expense                600

Insurance Expense            400

Depreciation Expense       150

<em>Total expenses                                 </em><u><em>      4,750   </em></u>

Net Income                                            $1,250

<u><em>Note:</em></u>

1. Revenues = 5,500 + 500 (Adjustment 5) = $6,000

Performed services not recorded will add.

2. Wages expense = $2,300 + 300 (Adjustment 3) = $2,600

Accrued wages not paid will add to the wages expense.

3. Supplies Expense = $1,200 - 200 (Adjustment 2) = $1,000

Supplies expense includes supplies on hand will decrease the supplies expense.

3 0
3 years ago
Identify which type of sampling is​ used: random,​ systematic, convenience,​ stratified, or cluster. upper a radio station asks
Gnesinka [82]

Convenience sampling is used, because the population is taken from a sample that easy to reach

4 0
3 years ago
Which type of listening takes place when the listener tries to discern the deeper meaning of a speaker’s words?
Tems11 [23]

C.)intuitive listening takes place when the listener tries to discern the deeper meaning of a speaker’s words.

A.)Active

B.)efficient

Explanation:

Intuitive listening means that the person who is listening is trying to understand as well as imbibe what the other is saying to a deeper level.

This involves actively thinking about what the other person is saying and then critically discerning what it really means above the meaning of its own words.

Then the person who is listening reaches to the 'deeper' meaning or the essence of what the other person is trying to say.

This is the process that is involved in intuitive listening.

8 0
3 years ago
Read 2 more answers
Per OSHA guidelines, the five major components of an effective safety and health program are: management commitment &amp; hazard
Rainbow [258]

Answer:

Worksite Analysis

Explanation:

Based on the information provided within the question it can be said that the final major component of the OSHA guidelines are Worksite Analysis. This component refers to the various actions that provide all the information needed to help an individual recognize and understand all the dangers and potential hazards of the workplace environment.

4 0
3 years ago
Kenny is concerned that the amount of spam he is receiving is making him less productive at work. He knows that the
Vsevolod [243]

Answer:

<em>Sorry, I could not type the answer here directly because it doesn't allow me.</em>

It should be "spam" followed by "at"<em> (the symbol sign) </em>and "uce" plus "." and "gov"

There should be no spaces.

Explanation:

A "spam" refers to<em> an email that you do not want in your inbox</em>. They are mostly intended for commercial purposes–including some emails that are deceptive. There are actually many ways to reduce the amount of spam reaching your email. For example, you could use an <em>email filter </em>or choose a <em>unique email address. </em>

Kenny above wants to report the spam he is receiving, thus, he needs to forward it to the Federal Trade Commission <em>(FTC). </em>They are responsible for helping Kenny clear his inbox from spams.

5 0
2 years ago
Other questions:
  • How does an organization specify the aspects of performance that are relevant to the organization? select one:
    12·1 answer
  • The file manager is a user blank.
    10·1 answer
  • Starbucks ceo howard schultz has made sure his employees have health insurance and work in a positive environment. he could best
    8·1 answer
  • Henry has a $10,000 car insurance policy with a $400 per claim deductible. Henry is involved in an accident, and his car sustain
    15·1 answer
  • 9) Given the following information, compute the total number of units for the period: Direct labor hours 12,000 Direct labor cos
    6·1 answer
  • &lt;11{6[1(07)71]}&gt; The higher the price of an antique, the greater people’s expectation that the object is rare. That, in tu
    9·1 answer
  • ADVANCED ANALYSIS Currently, at a price of $0.50 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Con
    12·1 answer
  • A federal tax is paid to?
    7·2 answers
  • Country A can produce 10 yards of textiles or 6 pounds of food per unit of input. Compute the opportunity cost of producing one
    14·1 answer
  • Fixed costs can be defined as costs that:_______
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!