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
steposvetlana [31]
2 years ago
15

The demand for spring water at the SLC WalMart is 600 liters per week. The setup cost for placing an order to replenish inventor

y is $25. The order is delivered by the supplier which charges WalMart $0.10/liter for the cost of transportation from the Rocky Mountains to SLC. This transportation cost increases the cost of water to $1.25/liter. The water loses its freshness while stored at the SLC WalMart. To account for this, the WalMart charges an annual holding cost of $2.6/liter.
Required:
a. Determine the WalMart's Economic Order Quantity (in liters)?
b. How often should WalMart order for water (in weeks) ?
Business
1 answer:
Mama L [17]2 years ago
5 0

Answer:

Results are below.

Explanation:

<u>Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.</u>

Economic order quantity (EOQ)= √[(2*D*S)/H]

D= Demand in units

S= Order cost

H= Holding cost

<u>Since:</u>

D= 600*52= 31,200

S= $25

H= $2.6

<u>Replacing:</u>

EOQ= 2√[(2*31,200*25) / 2.6]

EOQ= 775 units

<u>To calculate the time between orders, we need to use the following formula:</u>

Time between orders= EOQ / Weekly demand

Timer between orders= 775 / 600

Time between orders= 1.3 weeks

You might be interested in
Ellen Kelly Inc. had 31,300 shares of $.50 par common stock 10,000 shares of 5%, $20 par cumulative preferred stock and 5,000 sh
Serga [27]

Answer:

10,000 common stock.

The EPS = earnings per share = Earnings before tax divided by outstanding common stock in issue

4 0
3 years ago
Suppose the number of firms you compete with has recently increased. You estimated that as a result of the increased competition
marysya [2.9K]

Answer and Explanation:

An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.

3-2/2 X 100 = 50%

The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666

The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67

3 0
3 years ago
Veronica works in the purchasing department for Medical Center Hospital. She buys gloves, masks, and protective gear from Johnso
uranmaximum [27]

<u>C.</u> Satisficer

<h3><u>What is a satisficer?</u></h3>

A decision-making method called satisficing aims for a satisfactory or adequate outcome rather than the best one. Satisficing concentrates on practical effort when faced with tasks rather than exerting maximal effort to achieve the ideal result. This is due to the possibility that pursuing the ideal outcome will result in an unnecessary drain on time, effort, and resources. In order to achieve the first feasible solution that yields minimally acceptable results, the satisficing strategy can involve taking a minimalistic approach. Satisficing reduces the range of options that are taken into account to obtain those objectives, eliminating alternatives that would necessitate more demanding, complicated, or impractical efforts in an effort to produce more ideal outcomes.

Learn more about satisficer with the help of the given link:

brainly.com/question/13498883?referrer=searchResults

#SPJ4

4 0
1 year ago
Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.
lana [24]

Based on the information, it can be deduced that it's an indication of the uncertainty that exists in the Vietnamese cultural model.

From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.

Some of the solutions that can be applied for training the workers include providing them with ethical and language-based training and also encourage a team culture.

Learn more about model on:

brainly.com/question/25993624

4 0
2 years ago
the creation of a home market is not only necessary to procure for our agriculture a just reward of its labors, but it is indisp
Ahat [919]

The United States should increase the domestic manufacturing to promote prosperity.

<h3>What is manufacturing?</h3>

Manufacturing is the creation or manufacturing of items with the aid of resources such as machinery, labor, tools, and chemical or biological processing or formulation. It is the very foundation of the economy's secondary sector. The phrase can be used to characterize a range of human undertakings, from handicraft to high-tech, but it is most usually used in relation to industrial design, which entails the extensive transition of raw materials from the primary industry into finished goods. Such products may be delivered via the tertiary industry to end users and consumers, sold to other manufacturers for the creation of other, more sophisticated products (such as aircraft, home appliances, furniture, and sports equipment), or both (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).

To learn more about manufacturing, visit:

brainly.com/question/17052484

#SPJ4

7 0
9 months ago
Other questions:
  • Faye works as an administrator and receptionist for Garage Door Store. The store withholds federal taxes from Faye's pay, and co
    13·1 answer
  • Assuming that the company has retained earnings of $90,000, all of which is to be paid out in dividends, and that preferred divi
    11·1 answer
  • B&amp;T Company's production costs for May are: direct labor, $13,000; indirect labor, $6,500; direct materials, $15,000; proper
    10·1 answer
  • The difference between a divine command view and authoritarian view is that the authority figure is different. true or false?
    6·1 answer
  • A component of legal writing that refers to and credits authoritative documents and legal sources is called a (1 point)
    15·1 answer
  • Refer to the following information for Tolan​ Corporation: bullet Common​ Stock, $1.00​ par, 106,000 shares​ issued, 100,000 sha
    9·1 answer
  • Which situation would result in a credit card issuer charging a late-payment fee?
    12·1 answer
  • A jet ski that previously sold for $5,599.99 has been reduced to $3,863.99. What is the markdown percent? (Round your answer to
    8·1 answer
  • Crane Company on January 1, 2018, granted stock options for 63000 shares of its $10 par value common stock to its key employees.
    15·1 answer
  • A company that owns companies that are in a different industry and performs
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!