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worty [1.4K]
2 years ago
10

Dave plans to deposit $3,300 in an IRA account on April 15, Year 1. The account will earn 3% annually. If he makes this $3,300 d

eposit on April 15 of each of the next 14 years (total of 15 deposits), how much will he have on April 14, Year 16?
Business
1 answer:
hjlf2 years ago
7 0

Answer:

63218

Explanation:

Annuity -3300

FVAD (from table) at 15years, 3% = 19.1569

Future value = 63217.77=63218

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A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a
Anna35 [415]

Answer:

EOQ 400 units

inventory cost $1,200

 holding $600

 ordering $600

reorder point 369.9 pounds

Explanation:

EOQ

Q_{opt} = \sqrt{\frac{2DS}{H}}

<u>Where:</u>

D = annual demand =  200 days x 75 pound per day =  15,000  

S= setup cost = ordering cost = $         16

H= Holding Cost =                       $          3

Q_{opt} = \sqrt{\frac{2(15,000)(16)}{3}}

EOQ 400

Inventory cost:

average inventory x holding cost

400/2 x $3 = $600 holding cost

order per year x order cost

15,000/400 x $16 = $600 order cost

<u>reorder point: demand x lead time + safety stock</u>

to get a confidence of 99% we need to look at the table for a Z value which is above 99% of the cases and then, move it to our ditribution.

In the talbe we got at a Z of 2.33 has a score of 0.99 which is the probability we want.

Now we calculate the safety stock

2.33 \sqrt{4\times 15^{2} }

safety stock: 69.9

This is the safety stock

Now the company will reorder at:

daily use x lead time + safety stock:

75 x 4 + 69.9 =

300 + 69.9 = 369.9

8 0
2 years ago
Knowing that Graeter's competes with multinational corporations as well as small businesses, would you recommend that Graeter's
Degger [83]

Answer:Yes

Explanation: Because it will ensure more international awareness that will yield new customers,  Sales and  profitability  for Greater companies.

3 0
2 years ago
Emilio works in a power plant control room. Dawn works in a coal mine. What do Emilio and Dawn have in common? They both are sel
Makovka662 [10]

Answer:

They both work in the Energy Transmission career pathway

Explanation:

Emilio and Dawn work in the "Energy Transmission career pathway".

In Energy career pathway, there are there stages. First is Energy generation, second is Energy transmission and third is Energy distribution.

In Energy transmission, power is evacuated from the generating stations via transmission networks. This happens in coal mines and power plant control room. Bulk of generated energy is covered in Energy Transmission Pathway from the source to the electrical substation through a transmission network. One needs critical thinking to analyze the information and stress management as employees to handle urgent tasks as well.

5 0
2 years ago
List the order number and order date for each order placed by the customer named johnson s department store. (hint: to enter an
iris [78.8K]

Answer:

Explanation:

To obtain the needed detail of order table and order date for each order place by customer, has to be filtered with "John's Department Store"

select ORDER_NUM, ORDER_DATE frome orders as o

inner join customer as c on c.CUSTOMER_NUM=o.CUSTOMER_NUM

where c.CUSTOMER_NAME = "Johnson's Department Store"

8 0
2 years ago
Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quot
11111nata11111 [884]

Answer:

192,000,000 yen

Explanation:

Please see attachment

8 0
2 years ago
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