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Yuki888 [10]
1 year ago
5

Emarpy Appliances Inc. wants to determine the optimal production policy for their best selling refrigerator. The demand for this

has been relatively constant at about 8,000 each year. The production capacity for this product is limited to 200 units per day. Each time production starts, it costs the company $120 to move materials into place, reset the assembly line, and clean the equipment. The holding cost of a refrigerator is $50 per unit per year. Assume there are 250 working days per year. If Emarpy Inc wants to minimize the total annual inventory cost, how many refrigerators should be produced in each production run?
Business
1 answer:
monitta1 year ago
7 0

Answer:

Q' = 213.80

Explanation:

P(d): production rate per day = 200

Ic: Installation cost = 120

D: Demand = 8000

D(d): demand rate per day = 32

Uc: Unit cost (holding) = 50

Applying into Production order quantity model formula

Q'= \sqrt{\frac{2*D*Ic}{(1 - \frac{D(d)}{P(d)}) * Uc } }  = \sqrt{\frac{2*8000*120}{(1 - \frac{32}{200})*50 } }  = 213.80

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You have an opportunity to acquire a property form First Capital Bank. The bank recently obtained the property from a borrower w
love history [14]

Answer:

Acquiring the property will not be profitable. This is supported by the computation below;

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

Explanation:

It is assumed that the $180,000 loan from the bank will be completely absorbed in the process of bringing the property into a good selleable condition.  Also, the interest payable on loan will be paid monthly which will affect the liquidity of the buyer. Except funds are sought for somewhere else, the buy can not pay for the initial cost of the property. The venture will not be profitable.

Workings:

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

7 0
2 years ago
A restauranteur spends $61 on labor and materials to produce 8 meals . By increasing these cost to $78 , he can produce 14 meals
Mademuasel [1]
He has to have negative marginal returns. I hope this helps :)
3 0
2 years ago
Read 2 more answers
2. Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study?
Novosadov [1.4K]

Answer: The answer is D. The price of gasoline rises due to rising oil prices

Explanation: microeconomist study is based on the interaction of individuals or firms in an economy, rather than aggregate economic factors that affect a nation as a whole. Examples are inflation rate, unemployment rates, Per capital income, GDP etc

4 0
2 years ago
Skysong, Inc. returned $140 of goods originally purchased on credit from Concord Industries. Using the periodic Inventory approa
lara31 [8.8K]

Answer:

Sales Returns and Allowances $140 and Accounts Receivable $140

Explanation:

When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.

Date   Account Titles and Explanations    Debit   Credit

          Sales Returns and Allowances          $140

                 Accounts Receivable                                $140

           (To record sales returns)  

6 0
1 year ago
Think about the ideal job that you would like to obtain after graduation. Describe this job, the kind of manager you would like
marusya05 [52]

Answer:

Please find the detailed answer as follows:

Explanation:

1. Expectancy is an individual's recognition of the degree to which exertion will bring about a specific degree of execution. Instrumentality is an individual's discernment about the degree to which execution at a specific level will bring about the accomplishment of results. Valence alludes to how alluring every result accessible from an occupation or association is to an individual. High anticipation is the conviction that a significant level of exertion will bring about an elevated level of execution. High instrumentality is the conviction that a significant level of execution will bring about the achievement of wanted results.

High valence is emotional and alludes to inclinations for specific results over others. Managers can impact levels of anticipation, instrumentality, and valence. High anticipation can be empowered by communicating trust in representatives' capacities, holding workers to elevated requirements, and giving representatives self-rule and duty. Chiefs can likewise furnish workers with preparing to guarantee mastery required for the elite. High instrumentality can be urged by connecting execution to results and unmistakably imparting this linkage to all workers. Directors additionally need to figure out which results have high valence for authoritative individuals and ensure that those results are given when individuals perform at a significant level.

2. A referent is somebody to whom the examination is made to decide whether treatment is impartial. A referent could be someone else or a gathering of individuals who are seen to be like themselves. The referent could likewise be an individual from a past activity or one's assumptions regarding what result/input proportions ought to be. Workers feel impartially treated when they feel that their result/input proportion is equivalent to a referent's result/input proportion. Value has to do with reasonableness of results comparative with inputs.

Supervisors can assist representatives with feeling impartially treated by ensuring that the individuals who contribute numerous information sources are remunerated with a bigger number of results than the individuals who contribute fewer data sources. In the event that an individual changes one part of their proportion, the director should ensure that the opposite side of the proportion changes too. In the event that sources of info increment, results should increment. On the off chance that sources of info decline, results should diminish also.

3. An objective is a thing that an individual is attempting to achieve through their endeavors and conduct. The objective setting hypothesis proposes that to bring about high inspiration and execution, objectives must be explicit and troublesome. Objectives are normally quantitative, for example, a measure of product sold, or time expected to complete a venture.

Directors might be altogether answerable for defining objectives, or workers may take an interest in the definition of objectives to guarantee acknowledgment and duty to the objectives. Notwithstanding whether explicit, troublesome objectives are set by administrators, laborers, or both together, they lead to elevated levels of inspiration and execution. Administrators additionally add to the objective setting by giving criticism about how representatives are getting along. This input enables the two administrators and representatives to decide progress and causes them to reconsider objectives when essential.

4. A need is a requirement or necessity for endurance and prosperity. Maslow distinguished five essential sorts of requirements: physiological, wellbeing, belongingness, regard, and self-completion needs. Maslow recommended that individuals contrast in what needs they are attempting to fulfill at work. Herzberg concentrated on two components: helper needs identified with the idea of the work, and cleanliness needs identifying with the physical and mental setting in which the work is performed.

Directors can assist representatives with satisfying their needs at work by figuring out which needs an individual is attempting to fulfill at work. It is the chief's obligation to guarantee that the individual gets results that help to fulfill those necessities when the individual performs at an elevated level and enables the association to accomplish its objectives. By doing these things, directors can persuade workers to perform at a significant level. Directors need to adjust the interests of individual individuals to the interests of the association in general. Likewise, Herzberg's model stresses the differentiation among inherent and extraneous inspiration, which is significant for administrators to consider in structuring and advancing employments.

3 0
2 years ago
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