Dennis owns 24% of partnership. Bob owns 48% of partnership. If Rich is the third partner, what percentage does he own? Write a
1 answer:
Answer: Rich's share in the partnership is 28%.
The simplified ratio to represent their investments in the partnership is 6:12:7.
We arrive at the answer as follows:
The total of individual shares of all the partners in a partnership should be 100%.
Given this,
Rich's share = 28%
Now, that we have the shares of all the partners, we can write the ratio of their individual investments as 24:48:28.
We can divide 24, 28 and 48 by 4 in order to arrive at a simplified investment ratio.
After dividing by 4, the simplified ratio will be 6:12:7.
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Answer:
Explanation:
a. The computation of the economic order quantity is shown below:
=
where,
Carrying cost = $20 × 15% = 3
And, the annual demand = 450 bicycles × 12 months × 2 tyres = 10,800
And, the ordering cost is $50
Now put these values to the above formula
So, the value would equal to
=
= 600 tires
b. The number of orders would be equal to
= Annual demand ÷ economic order quantity
= $10,800 ÷ 600 tires
= 18 orders
c. The average annual ordering cost would equal to
= Number of orders × ordering cost
= 18 orders × $50
= $900