True or False

Short Grass Incorporated is a distributor of golf balls. Martin's Golf Supplies is a local retail outlet which sells golf balls.

Marat540 [252]

Short Grass Incorporated's economic order quantity is <em>4,602 balls or 64 cartons.</em>

Data and Calculations:

Cost per ball = $1.15

Balls per cartoon = 72

Annual demand = 158,520

Weekly demand = 3,891 balls

The number of cartoons demanded per year = 2,202 (158,520/72)

Earnings on cash investments = 8%

Purchase-order lead time = 1 week

Ordering costs per purchase order = $128,000

Handling costs = $1,916 ($0.87 x 2,202)

The economic order quantity (EOQ) = square root of (2 x Demand x Ordering costs)/Handling costs

= square root of (2 x 158,520 x $128,000)/$1,916

= square root of (21,180,125)

= 4,602 balls or 64 cartons

Thus, the economic order quantity is <em>4,602 balls or 64 cartons.</em>

Learn more: brainly.com/question/14625177

6 0

2 years ago

Vandalay Industries manufactures two products: toasters and blenders. The annual production and sales of toasters is 2,200 units

zzz [600]

Answer:

$35.085

Not in options.

Explanation:

As for the provided information,

Details of Production are:

Toasters = 2,200 units

Blenders = 1,500 units

Hours required for each unit are:

Toasters = 1.25

Blenders = 1

Now, therefore, total hours of direct labor

Toasters = 2,200 $\times$ 1.25 = 2,750

Blenders = 1,500 $\times$ 1 = 1,500

Total hours = 4,250

Thus, total overheads = $149,115

Rate per hour = $149,115/4,250 = 35.085

Based on the information given the answer is $35.085, although this is not in the option.

Therefore, options provided are incorrect.

7 0

3 years ago

If the manager of the local barbeque restaurant has determined that the theoretical number of consumers that could possibly be e

Studentka2010 [4]

Answer:

coverage of the medium ( local traffic or patronage of the medium)

Explanation:

The managers estimates that a given number of persons within the locality will read the newspaper advertisement. This shows the level of coverage of the newspaper. The number of households exposed to the newspaper adverts shows the area coverage of the newspaper. If the newspaper has wider coverage, the more likely the number of households exposed to the adverts will increase.

8 0

4 years ago

Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million

frez [133]

Answer:

273.75%

Explanation:

Note: Capital Gain distribution would be $50.25, NOT $.25 (typing mistake)

This is no-load MF. But there are other two types of MF (Mutual Funds).

If FL MF (Front Load Mutual Fund), investors pay something upfront when investing.

In BL MF (Back Load Mutual Fund), investors pay when exiting the MF.

Here, this is no load, so calulations are easier.

Now,

NAV (Net Asset Value) is the total assets divided by number of shares.

NAV beginning of year and NAV end of year. Total expense ratio will be adjusted from NAV, end of year.

NAV, beginning = 200 million / 10 million shares = $20

NAV, end = 250 - (0.01*250) / 11 million shares = $22.5

Now,

Rate of Return of the Fund = (NAV,end - NAV,beginning + Income Distribution + Capital Gain Distribution - Liabilities) / NAV, beginning

We have:

Rate of Return = ($22.5 - $20 + $2 + $50.25 - $0) / $20 = 2.7375

Converting to percentage:

2.7375 * 100 = 273.75%

5 0

3 years ago

_____________may be defined broadly as the lack of resources to achieve a reasonably comfortable standard of living.

Harrizon [31]

Answer: Poverty

Explanation:

Poverty is the lack of resources needed to meet an individual's basic needs, such as the need for; food,water, clothing and shelter. A person is said to be poor if the person can't cater for his basic needs.

5 0

3 years ago