Answer:
Order size = 50 cars
The number of orders=25
Explanation:
<em>The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost. </em>
It is computed using the formulae below
EOQ = √ (2× Co× D)/Ch
Co- Ordering cost, Ch- Carrying cost - D- Annual demand
EOQ= √2× 1000× 1250/1000= 50
Number of cars to be ordered per time, i.e optimal order size= 50 cars
Order size = 50 cars
b)
The number of times orders should be placed per year would be calculated as follows:
The number of orders = Annual demand/ order size
The number of orders= 1250/50 = 25
The number of orders=25
Answer:
The equivalent annual cost of an oven is 
Explanation:
Hi
<u>Known Data</u>
Operating cost=
,
and 
<u>Computing total cost per year</u>
We are going to use the formula below with the known data.
. Then this is the fixed amortization cost per year.
Finally, we sum the fixed amortization cost per year and the operating cost:
Total cost per year=
, therefore the answer is
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
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Answer:
Cultural capital
Explanation:
Cultural capital consists of knowledge about artistic trends and cultural acts that one can use to establish oneself in society, and demonstrate a particular social-standing. It also consists of tastes, preferences, and even ways of speaking, living, and moving.
The term was coined by French sociologist Pierre Bordieu. According to him, cultural capital is a form of class distinction, because the access to certain cultural products depends on variables such as race, ethnicity, income, sex, and religion.
Answer:
Dr interest expense $7,000
Dr notes payable $7,238
Cr cash $14,238
Explanation:
The first task is to compute interest expense on the loan in year 1 which is shown below:
interest expense=$100,000*7%
interest expense=$7,000
Principal repayment=repayment-interest repayment
Principal repayment=$14,238-$7,000=$7,238
The double entries are to debit interest expense and notes payable with $7,000 and $7,238 respectively while cash is credited with $14,238 as an outflow of cash.
