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notsponge [240]
3 years ago
5

Tile Depot, specializing in retail of construction materials, carries a popular flooring tile. The annual demand is estimated to

be 5,000 cases. The ordering cost of this tile is $250 per order and the carrying cost is $10 per case per year. Tile Depot opens six days per week that is equivalent to 300 working days per year. The lead time for this item is usually two weeks or 12 working days.
The economic ordering quantity (EOQ) for this item is _____.

A. 250
B. 300
C. 400
D. 500
E. 600
Business
1 answer:
natta225 [31]3 years ago
6 0

Answer: D. 500

Explanation:

The Economic Order Quantity (EOQ) refers to an efficient number of units that a company should order to minimize the total costs of inventory such as holding costs, order costs, and shortage costs.

It is calculated by the formula below,

EOQ = √ (2 * Annual demand * Ordering Cost / Holding Cost)

EOQ = √ (2 * 5,000 * 250 /10)

EOQ = 500 units.

The economic ordering quantity (EOQ) for this item is 500 units.

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Which of the following is true of corporations that operate in several different countries?​ a. ​Uniformity of tax-laws across d
frozen [14]

Answer: Option C

 

Explanation: A company operating in countries other than its home country is called multinational corporations. These entities operate their business in several different countries with the objective of profit maximization.

These entities control  their business in foreign countries from their head quarters in their home country. Thus, in case the company did something illegal or unethical then the government can expropriate their assets without any compensation.

Thus, the correct option is C.

 

8 0
4 years ago
If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi
klasskru [66]

Answer:

The correct option is C

Explanation:

When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.

Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.

7 0
4 years ago
Read 2 more answers
What is the difference between a shortage and a scarcity?
Nata [24]
Based on economic theory, scarcity is limitation of a resource which cannot be replenished. Shortage is used to indicate a market condition.
When applying this definition to your question, A is your answer.
6 0
4 years ago
One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i
Grace [21]

Answer:

1 dollar = 1.5 peso

Explanation:

An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.

Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.

Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.

<u>Given </u>: 1 unit of peso = 12 grains of gold

            1 unit of US Dollar = 18 gains of gold

<u>To find</u> : 1 peso = ___ dollars

           1 grain of gold = \frac{1}{12} peso

similarly, 1 grain of gold = \frac{1}{18} dollars

this means, \frac{1}{12}\ peso\ = \ \frac{1}{18}\ dollars

it means 1 peso = \frac{12}{18} \ dollars

or 1 peso = \frac{2}{3} \ dollars

or 1 dollar = 1.5 pesos

6 0
4 years ago
Sales for the year were $83,000. The balance sheet at the end of the year is given below:
Ipatiy [6.2K]

Answer:

See below

Explanation:

The above is an incomplete question. From a similar question, we were given cost of goods sold to be $60,800.

Firm's day sales in inventory is computed as;

= (Ending inventory / Cost of goods sold) × 365

Given that;

Ending inventory = $41,000

Cost of goods sold = $60,800

= ($41,000/$60,800) × 365

= 246days

3 0
3 years ago
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