(a) The economic order quantity is 10 units per order. (b) The Discount-Mart will place 220 orders per year. (c) the total annual cost of managing the inventory with this policy is $1205.
To determine the economic order quantity (EOQ) and related quantities, we can use the following formulas;
Economic Order Quantity (EOQ) formula;
EOQ = √(2 × Annual Demand × Ordering Cost) / Carrying Cost per Unit)
Number of orders per year formula:
Number of Orders = Annual Demand/EOQ
Total Annual Cost formula:
Total Annual Cost = (EOQ/2) × Carrying Cost per Unit + Annual Demand × Ordering Cost
Given the following information:
Annual demand = 2200 lamps
Ordering cost per order = $0.50
Carrying cost per lamp = $20
Calculating the Economic Order Quantity (EOQ);
EOQ = √(2 × 2200 × 0.50) / 20)
= √(2200 / 20)
= √110
≈ 10.49
Rounding to the nearest whole number, the EOQ is approximately 10 units per order.
Calculating the Number of Orders per year;
Number of Orders = 2200 / 10
= 220
Rounding to the nearest whole number, Discount-Mart will place approximately 220 orders per year.
Calculating the Total Annual Cost;
Total Annual Cost = (10.49/2) × 20 + 2200 × 0.50
= 5.245 × 20 + 1100
= 104.9 + 1100
≈ 1204.9
Rounding to the nearest whole number, the total annual cost of managing the inventory with this policy is approximately $1205.
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Five hair stylists at a salon perform 12 haircuts in two hours. One of the stylists,
Francesca, is leaving the salon after 10 years. Francesca usually performs 2
haircuts per hour. Which of the answer choices is correct?
The salon's average product of labor will decrease when Francesca leaves the salon in the given circumstances.
How is the average product of labor determined?The average product of labor (APL) gauges the typical output of each employee. The total product is simply divided by the workforce. The total output of labor divided by the quantity of workers employed, or Q/L, yields the average product of labor (APL). A popular metric for assessing labor productivity is the average product of labor.
The form of the AP curve on the left suggests that as more workers are hired, AP initially increases to a maximum before decreasing. The average output (or products) that each input produces is referred to as an "average product", factors of production like labor and land.
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suppose a parent firm is organized as product companies or divisions. if the company uses a scaled-down design in its overseas locations, these will be organized by
Suppose a parent firm is organized as product companies or divisions. if the company uses a scaled-down design in its overseas locations, these will be organized by product.
What is a parent firm?
A parent company is a business that controls a different business' activities by ownership of a controlling stake in that business. Depending on how much management power they provide their subsidiaries' managers, parent corporations can be either hands-on or hands-off owners of their affiliates, but they will always retain some degree of active influence.
A single business that has a majority stake in another business or businesses is known as a parent company.When subsidiaries are spun off, carved out, acquired, or merged, parent corporations are created.For both financial statement and tax reasons, parent businesses must properly account for their subsidiaries.Conglomerates, such as General Electric (GE), can serve as parent corporations since they include a variety of seemingly unrelated industries. GE's numerous business segments can profit from cross-branding.
But a parent company differs from a holding business. Parent corporations run their own activities, as opposed to holding or shell companies, which are created explicitly to passively control a group of subsidiaries—often for tax reasons.
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suppose a parent firm is organized as product companies or divisions. if the company uses a scaled-down design in its overseas locations, these will be organized by
Corn is a very valuable product for which the U.S. government routinely offers subsidies. With no price support, the equilibrium price for corn is $300 per ton and the equilibrium quantity is 500 million tons per year. Suppose that the government agrees to pay farmers $350 for every ton of corn they produce and can't sell in the market. According to the farmer's market supply curve, 600 million tons per year is supplied at the price of $350 a ton, so production should increase to this amount. However, domestic users of corn cut back their purchases. Only 450 million tons a year is demanded at the price of $350 a ton, and purchases decrease to this amount. Farmers continue to produce 500 million tons of corn per year, so because they produce a greater quantity of corn than domestic buyers are willing to purchase, something must be done with the surplus. To make the price support work, the government decides to buy the surplus.
a. The government agrees to buy 50 million tons of corn at $ 350 per ton. b. The U.S. government provides $17.5 billion in subsidy. c. The price support in this example is inefficient. d. The subsidy is unfair.
a. In this example, the government agrees to buy 50 million tons of corn at a price of $350 per ton. This is because domestic buyers only demand 450 million tons at this price, while the farmers produce 500 million tons, creating a surplus of 50 million tons.
b. The U.S. government provides a total subsidy of $17.5 billion to the corn farmers. This is calculated by multiplying the surplus (50 million tons) by the price support ($350 per ton).
c. The price support in this example is inefficient. This is because it leads to overproduction of corn (500 million tons produced, but only 450 million tons demanded), resulting in a misallocation of resources. The government must spend money to purchase the surplus, which could have been used for other purposes.
d. The fairness of the subsidy is subjective, but some may argue that it is unfair. The subsidy benefits corn farmers by guaranteeing a higher price for their product, but it also leads to inefficiencies and higher costs for taxpayers. Additionally, the higher price of corn may negatively impact consumers, particularly those with lower incomes, who might struggle to afford the higher-priced corn products.
Note: The question is incomplete. The complete question probably is: Corn is a very valuable product for which the U.S. government routinely offers subsidies. With no price support, the equilibrium price for corn is $300 per ton and the equilibrium quantity is 500 million tons per year. Suppose that the government agrees to pay farmers $350 for every ton of corn they produce and can't sell in the market. According to the farmer's market supply curve, 600 million tons per year is supplied at the price of $350 a ton, so production should increase to this amount. However, domestic users of corn cut back their purchases. Only 450 million tons a year is demanded at the price of $350 a ton, and purchases decrease to this amount. Farmers continue to produce 500 million tons of corn per year, so because they produce a greater quantity of corn than domestic buyers are willing to purchase, something must be done with the surplus. To make the price support work, the government decides to buy the surplus. a. In this example, how many million tons does the government agree to buy? At what price? b. How much in total does the U.S. government provide in subsidy to the corn farmers? Why? c. Is the price support in this example efficient or inefficient? Explain your reasoning. d. Is the subsidy fair? Explain your reasoning.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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What is the danger of having a lot of debt?
(brainlyest)
Answer:
probably not paying it off in time or something
Explanation:
Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows:
Average cost per unit
Direct Materials $4.60
Direct Labor $4.20
Variable manufacturing overhead $1.40
Fixed manufacturing overhead $8.00
Fixed selling expense $3.20
Fixed administrative expense $1.70
Sales commissions $0.70
Variable administrative expense $0.65
If the selling price is $23.00 per unit, the contribution margin per unit sold is closest to:
A: $17.45
B: $0.30
C: $14.65
D: $5.80
Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)
The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.
What is mean?In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.
Given a table for car washing each day,
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
50 45 48 26 47 55
Average for cars washed each day,
Average = sum of cars washed/number of days
sum of cars washed = 50 + 45 + 48 +26 + 47 + 55
the sum of cars washed = 271
total days = 6
average = 271/6 = 45.1667
average car washed each day = 45
If the car wash were open only five days a week, how many cars might be washed per year,
total car washed in year = (number of days)(average car washed)(year week)
total car washed in year = 5 x 45 x 52
total car washed in year = 11,700
Hence average car washed each day is 45 and the total car washed in a year is 11,700.
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multiple answers
These statements are true regarding association with a headhunter or recruiter:
1)referring other hard workers is appreciated by headhunters and recruiters
2) headhunters and recruiters work for you
3) instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
4) headhunters and recruiters work for the employer
Headhunters and the recruiters both of them work for the employer of the company.
Option fourth is the correct answer.
Who is an employer?An employer is an individual who controls and manages the affairs of a company.
During the recruitment process, the recruiters hired individuals who are new to employment, that is, the freshers. In contrast, the headhunters hire those employees who already have an experience in the concerned field.
Therefore, the employer of the company is associated with both the headhunters and the recruiters.
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Don and Warren formed an equal partnership to build drag-racing vehicles. Don contributed $5,000 in cash, and Warren contributed a truck with a fair market value of $5,000 and an adjusted tax basis of $4,500. They plan to use the truck for hauling parts and cars. When Warren purchased the truck 1 year earlier, he elected to use the straight line method to depreciate the truck using the mid-year convention over its 5-year recovery period. The partnership should
Answer: Record the truck on the books at $4,500 and depreciate it over its remaining recovery period using the straight line method and mid-year convention.
Explanation:
A partnership occurs when two or more people come together and join resources together, make management decisions, share profit and losses and have a common goal towards the achievement of organizational goals.
Based on the information given, the partnership should record the truck on the books at $4,500 which is the adjusted tax basis and then depreciate it over its remaining recovery period using the straight line method and the mid-year convention.
Assignment 6S (15 points) Assignment Overview This is a three-part assignment. In Part I, you'll check your work from Section 6. In Part II, you'll add on to your Section 6 project. In Part III, you'll zip and submit your files to your instructor. Part I: Check Your Work Follow these steps to check your work from Section 6. 1. Make sure your cover letter meets the criteria in the Cover_Letter Grading Rubric below, and then save your work. Cover_Letter Grading Rubric Points possible Points earned The cover letter is single spaced. 0.5 The cover letter has a heading. The heading includes the date, your name, the example address and phone number, the example phone number, your e-mail address, the name Jacob Reyes, and Jacob Reyes' example address. 1.0 The cover letter has a greeting that says Dear Mr. Reyes:. 0.5 The introduction has a sentence that tells Mr. Reyes that you are applying for the intern position and you heard about it on monster.com. 1.0 The introduction lists two reasons why you'd be a good fit for the position. 1.0 The first and second sentence of the first and second body paragraphs each explain a reason why you'd be a good fit for the position. 1.0 The closing summarizes the information in the body, lets the person reading the letter know you'd like to interview for the job, a
The steps a person can use when writing a cover letter are:
HeadingSalutationIntroductionBodyClosing statement SignatureProofreadWhat is the Cover Letter?In terms of Heading, one must include contact information for yourself and the employer. Introduce yourself and state the position you're applying for in the first paragraph. Express enthusiasm for the job and briefly state how you learned about it.
Then, in the second and third paragraphs, detail your qualifications and experience. Highlight skills and achievements that fit the job. Use examples to show abilities and relate to position requirements. In closing, summarize your interest and qualifications for the position. Thank the employer and offer to provide additional information or schedule an interview. End with a formal closing and signature.
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When the ends of a manually scheduled task bar are blurred, the task does not have _____.
When the ends of a manually scheduled taskbar are blurred, the task does not have specific start and end dates/times.
In project management, a taskbar represents the duration of a task on a timeline. When the ends of a manually scheduled task bar appear blurred, it indicates that the task does not have specific start and end dates/times assigned to it. This can happen when a task is not yet scheduled or when the scheduling is flexible or uncertain.
Manually scheduled tasks are often used in project planning when the exact timing is not known or when there is flexibility in determining the start and end dates. These tasks are typically represented by task bars that can be adjusted or moved around within a project timeline.
However, if the ends of a manually scheduled task bar appear blurred, it suggests that the task lacks a fixed timeframe and may require further clarification or scheduling to define its specific start and end dates.
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Reference checks suffer from all of the following except:A. Companies are reluctant to provide the information.B. Lack of standardization in the process.C. No one conducts them anymore.D. Have low validity.
Reference checks are a crucial part of the hiring process that helps organizations in hiring the right candidate for the right job. Reference checks refer to the process of verifying a candidate’s employment history, qualifications, and skills by contacting their references. Reference checks can help organizations verify the candidate’s previous employment history and performance, work ethics, and professionalism.
Reference checks provide an essential insight into the candidate’s background and help recruiters make informed decisions.However, reference checks suffer from various issues that can hinder their effectiveness. Companies may be reluctant to provide information, which can make it difficult for recruiters to make informed decisions. Lack of standardization in the process can make the reference checks process subjective and difficult to evaluate. Some of the information gathered from references may not be relevant to the current position or the organization, making it difficult to use the information effectively.
However, the one issue that reference checks do not suffer from is having low validity. Reference checks have a high degree of validity as they provide an essential insight into the candidate’s background and help recruiters make informed decisions. Thus, reference checks are a crucial part of the hiring process, and organizations must ensure they conduct them efficiently to make the right hiring decisions.
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in determining the basis of like-kind property received, postponed losses are:
In determining the basis of like-kind property received, postponed losses are added back to the basis of the new property.
When a taxpayer exchanges property for like-kind property, any gain or loss on the exchange is generally deferred, and the basis of the new property is equal to the basis of the old property plus any additional cash or property paid or received in the exchange. However, if the taxpayer had a loss on the old property that was not fully recognized, the postponed loss is added back to the basis of the new property.
For example, supp
ose a taxpayer exchanges a piece of real estate with a basis of $100,000 and a postponed loss of $20,000 for a new piece of real estate worth $120,000. The basis of the new property would be $120,000, which is equal to the fair market value of the new property. However, the postponed loss of $20,000 would be added back to the basis of the new property, resulting in a total basis of $140,000.
By adding back postponed losses to the basis of like-kind property received, the tax code ensures that taxpayers do not benefit from deferring losses indefinitely through like-kind exchanges.
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For a monopolist that does not price discriminate, economic profit is maximized in the short run at a price of $140. Marginal revenue at that output level is Group of answer choices equal to $140. greater than $140. less than $140. less than marginal cost. greater than average revenue.
Business Math!
Your budget says that savings should be 11% of income. If you earn $1,500.00 a month, how much should
you save in a year?
$1.880.20
$1,880.00
$1,780.00
$1,980.00
Answer:
$1,980.00
Explanation:
$1,500.00 * 0.11 = $165.00
$165.00 * 12 months = $1,980.00
You should save $1,980.00 in a year.
Why do you think time is an important aspect of work study
*ECONOMICS* Which situation best illustrates the concept of absolute advantage?
O A. A factory in Vietnam can produce more shoes than other
countries.
O B. The total value of U.S. exports is lower than the value of the
country's imports.
O C. A software company is forced to increase its prices to pay for
rising labor costs.
D. A restaurant buys its ingredients from nearby farms to help the
local economy.
Answer:
O A. A factory in Vietnam can produce more shoes than other
countries.
Explanation:
Absolute advantage is the capability of a commercial entity to produce goods using fewer resources compared to rivals. Using the same inputs, an entity with an absolute advantage produces a larger output compared to competitors. It means the firm has a lower marginal cost of production. Therefore, its products will have the lowest prices in the market.
The factory in Vietnam has an absolute advantage in producing shoes. It is using fewer resources than rivals to manufacture shoes, that why it is producing a higher quantity.
Imagine you are the dining room manager of a restaurant. You are responsible for
creating a set of sanitation rules to be followed by the staff.
The sanitation rules should cover the following aspects:
Service sanitation rules
Personal hygiene and attire rules
Side work rules
HELPPPPP!!!! ASAPPPP!!!! PLEASEEEEE!!!
According to the Small Business Administration, the number one reason for small-business failure is _?_.
low employee morale
not having enough people in leadership roles
poor record keeping
none of the above
Does an increase in consumption increase or decrease the IS
curve? (Minimum words requirement: 100 words)
An increase in consumption generally leads to an increase in the IS (Investment-Savings) curve. The IS curve represents the relationship between the interest rate and the level of output or income in an economy, assuming a constant price level.
It illustrates the equilibrium condition in the goods market where total spending (consumption + investment) equals total output.
When consumption increases, it implies that households are spending more on goods and services, which leads to an increase in aggregate demand. This increased demand stimulates firms to produce more, leading to higher levels of output. As output increases, the IS curve shifts to the right.
The IS curve shows the combinations of interest rates and output levels at which the goods market is in equilibrium. An increase in consumption shifts the IS curve to the right because it reflects higher levels of output associated with a given interest rate. This indicates that at any given interest rate, the economy can sustain higher levels of output due to increased consumption expenditure.
It's worth noting that other factors, such as investment, government spending, and net exports, also influence the IS curve. However, in isolation, an increase in consumption contributes to a rightward shift of the IS curve.
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Which of these pairs of states would you expect to have the most divergent political cultures? (American Government)
a.Mississippi and New York
b.Kansas and Nebraska
c.Montana and Wyoming
I would expect Mississippi and New York to have the most divergent political cultures.
Mississippi is typically known for being a conservative, Republican state with a strong emphasis on traditional values, while New York is known for being a liberal, Democratic state with a more progressive outlook on social issues. The two states have very different histories, demographics, and political landscapes, which would likely contribute to significant differences in their political cultures. On the other hand, while Kansas and Nebraska and Montana and Wyoming may have some differences in their political cultures, they are generally seen as being more similar to one another than Mississippi and New York.
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In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age-range/gender were the designers, and for what age-range/gender were they designing the games for?
Based on historical perspective, the age range of the early game designers is between 40 to 60years old. Also, the gender for which the games were being designed is male.
History of Game Designs.The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.
William Higinbotham created the first video game during the Brookhaven annual visitors day to lighten the exhibition show.
The video game he created was tennis, known as "Tennis for Two," and the men in attendance played it.
Hence, in this case, it is concluded that the game designers were men, and they are in the age range of 40 to 60 years.
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What is the reason for putting yourself on a budget?
A. To prevent yourself from paying compound interest
OB. To earn a high level of return on your investments
C. To make sure that your earning potential is as high as possible
O D. To keep your expenses below your income
Answer: D. To keep your expenses below your income
Answer:
Do. to keep your expenses below your income
Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
A. a software-based budget
B. a mental budget
C. a physical budget
D. a written budget
Hi!
I think a mental budget would be best. If he only gets $100 a week and spends $50 of that on car insurance, he could simply remember that he makes a profit of $50 a week. It's not complex so a mental budget would be best.
Hope this helps :D
Community colleges and vocational schools offer programs in maintenance and repair.
Answer:
yes, yes they do
Explanation:
On his birthday, Kamran receives $200 from his aunt, $50 of which he decides to save. He is taken out by his father for lunch. His father pays the bill. Kamran spends the afternoon playing football. Which of these activities involves an opportunity cost? * A. Eating the free lunch-NO, Playing football-NO, Saving-NO
B. Eating the free lunch-NO, Playing football-NO, Saving-YES
C.Eating the free lunch-NO, Playing football-YES, Saving-YES
D. Eating the free lunch-YES, Playing football-YES, Saving-YES
Answer: D hope this helps :)
Explanation:
Eating the free lunch-YES, Playing football-YES, Saving-YES
What is saving?Deferred consumption, or not spending money, is saving. Savings strategies involve setting money aside in places including cash, investment funds, pension accounts, and deposit accounts. Reducing expenses, such as regular expenses, is another aspect of saving.
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due to its massive trade market, the greatest prize of east asia was ___________________.
Due to its massive trade market, the greatest prize of East Asia was the economic dominance and wealth that it brought to the region.
The trade market in East Asia has been a major source of economic growth and development, attracting investment and trade from all over the world. This has allowed East Asia to become one of the most economically successful regions in the world, with a strong and thriving economy.
As a result, the greatest prize of East Asia is the economic success and prosperity that it has achieved through its trade market.
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true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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What aspects of accounting for inventory on financial statements would be of interest to accountants?
Assigning costs to ending inventory unit counts, on financial statements would be of interest to accountants.
Each month, the accountant's primary responsibility is to allocate expenditures to ending inventory unit counts.
The first in, first out (FIFO) and last in, first out (LIFO) layering systems are used in the fundamental notion of cost layering, which requires monitoring tranches of inventory costs. Assigning a standard cost rather than a historical cost to each inventory item is an alternative strategy.
Therefore, Assigning costs to ending inventory would be of interest to accountants.
Inventory, and what kinds are there?Both the products that are on hand for sale and the raw materials utilised to make those products are included in inventory. In a company's balance sheet, it is shown as a current asset. Raw materials, works-in-progress, and completed commodities are the three categories of inventory.
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explain why businesses give different types of discounts
Answer:
Consumers are attracted by discounts and tend to share them via word-of-mouth—an efficient way to reach new customers while keeping customer acquisition costs in check.
Explanation:
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