Answer:
the optimal order size Q is 18.56 cars
the annual inventory cost = $12066.48
the order cycle time is 42.34 days
Explanation:
Using the following expression to determine the optimal order size Q:
Hence; the optimal order size Q is 18.56 cars
The annual inventory cost is mathematically expressed as:
= 
= 6034.482759 + 6032
= $12066.48276
≅ $12066.48
Hence, the annual inventory cost = $12066.48
For The order cycle time; we have;
Order cycle time = 
= 
= 
= 
= 42.34 days
Hence, the order cycle time is 42.34 days
Answer:
45.67%
Explanation:
The component percentage for total expenses is shown below:
Component percentage = (Total expenses ÷ Sales revenue) × 100
where,
Total expenses equal to
= Advertising Expense + Insurance expense + rent expense + supplies expense + utility expense
= $1,300 + $850 + $900 + $250 + $125
= $3,425
And, the sales revenue is $7,500
So, the component percentage is
= ($3,425 ÷ $7,500) × 100
= 45.67%
<span>The contract Henry entered into to sell his farm is void and not enforceable. Henry is not mentally competent to enter into such arrangements and the courts will not uphold the sale.</span>
Answer:
b. Competitive bidding
Explanation:
Competitive bidding -
It is the method , in which the a public bid is issued , where the aim that the company will put best proposal in order to compete for a specific project , is known as competitive bidding.
This process is important for every government agency , which issues any bid .
The method is adapted in order to have a fair and open competition.
