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Readme [11.4K]
2 years ago
10

The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American

Petroleum Supply charges MBC $250 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.04 per month or $0.48 per year, and annual fuel usage is 150,000 gallons. MBC buses operate 300 days a year.a. What is the optimal order quantity for MBC?b. How frequently should MBC order to replenish the gasoline supply?c. The MBC storage tanks have a capacity of 15,000 gallons. Should MBC consider expanding the capacity of its storage tanks?d. What is the reorder point?
Business
1 answer:
Bezzdna [24]2 years ago
4 0

Answer:

A.12,500

B. 12 times

C.If The MBC storage tanks have a capacity of 15,000 gallons there is no need of expanding the storage tanks reason been that the Economic order quantity is lesser than the storage capacity of the tank.

D. 5,000 gallons

Explanation:

a.)

=√2×Demandquantity×Orderingcost÷Holding cost

=√2×150,000×250÷480

=12,500

b.)

=Demand quantity÷ Economic Ordering quantity

=150,000÷12,500

=12 times

c.) If The MBC storage tanks have a capacity of 15,000 gallons there is no need of expanding the storage tanks reason been that the Economic order quantity is lesser than the storage capacity of the tank.

d.) The reorder point can be calculated as follows;

= Lead time× Average

Average demand quatity =1,500/300

Reorder point 10×500

=5,000 gallons

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Suppose that we want the number of male employees in each department making more than $30,000, rather than all employees (as in
lana66690 [7]

Answer:

The query may still be specified in SQL by using a nested query as follows (not all

implementations may support this type of query):

SELECT DNAME, COUNT (*)

FROM DEPARTMENT, EMPLOYEE

WHERE DNUMBER=DNO AND SEX='M' AND DNO IN ( SELECT DNO

FROM EMPLOYEE

GROUP BY DNO

HAVING AVG (SALARY) > 30000 )

GROUP BY DNAME;

Explanation:

7 0
2 years ago
On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $27.70 per share. On March 1, a dividend of
klio [65]

Explanation:

The calculation is shown below:

a. The proceeds from the short sale (net of commission) is

= Number of shares short sold x (price of short sale - commission paid per share)

= 100 shares x ($27.70 - 0.25)

= $2,745

b. The dividend payment is

= Number of shares × dividend per share

= 100 shares × $3.30

= $330

c. Value of an account is

= Proceeds from short sale, commission net -  dividend paid - cost including commission

where,

Cost including commission is

= Number of shares short sold x (price of buying stock + commission paid per share)

= 100 shares × ($22 + 0.25)

= $2,225

So, the value of an account is

= $2,745 - $330 - $2,225

= $190

5 0
2 years ago
All of these are pitfalls an organization should avoid in strategic planning except:_____________.1. using plans as a standard f
Tamiku [17]

Answer:

1. using plans as a standard for measuring performance.

Explanation:

Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.

It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.

In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.

Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.

3 0
2 years ago
why is the quantity of education demand in private universities Much more responsive than salt is to change in price ?​
Nuetrik [128]

Answer:

Education demand is elastic as compared to salt demand which is highly inelastic.

Explanation:

Elasticity of demand is a measure of the responsiveness of the demand of a good or service relative to it's corresponding change in price. A demand curve can be used to determine the degree of elasticity. A demand curve is a graphical representation of how price varies with quantity of goods and services demanded. The quantity of goods demanded is plotted on the horizontal axis of the graph with the corresponding price plotted on the vertical axis of the graph. With the graph, the elasticity of demand can be calculated. The formula for determining elasticity for demand is;

ED=Q/P

where;

ED=elasticity of demand

Q=percentage change in quantity demanded, where

Q={(Q2-Q1)/Q1}×100

Q2=quantity demanded when price is P2

Q1=quantity demanded when price is P1

P=percentage change in price, where;

P={(P2-P1)/P1}×100

P2=final price

P1=initial price

The formula above can be used to determine the degree of elasticity of a good or service as shown;

If the price elasticity of demand is greater than 1, then the demand is elastic. Meaning the demand is very sensitive to changes in price. This usually happens on goods and services that are wants rather than needs. Wants are luxuries that most people can do without or can find cheaper alternatives while needs are goods that most people can't do without.

If the price elasticity of demand is less than 1, then the good or service is inelastic. Meaning the demand is not very sensitive to changes in price. This usually happens on goods and services that are needs. Needs are goods and services that most people cannot do without.

In our case, salt is a need that most people cannot do without, therefor inelastic. However, quantity of education in private universities is highly elastic since there are many alternatives like public universities that are much cheaper compared to private universities. So a change in price will affect the quantity of demand.

8 0
2 years ago
How were the earliest benefits of the Industrial Revolution distributed between factory owners and workers?
qaws [65]
The answer is <span>Factory owners benefited greatly, while conditions for workers were poor.

During the Industrial Revolution, capitalists were focused on getting more profit. They actually have poor management with worker benefits. Workers work long hours and receive insufficient pay for all their work. Their condition moved them to form Unions and held strikes for decent salary and benefits.
</span>
8 0
2 years ago
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