Economic Order Quantity
The economic order quantity, that is, the order quantity that minimizes the inventory cost is:
300 cases of tennis balls
Data and Calculations:
Sales of tennis balls for the coming year = 10,000 units
Carrying (holding) costs per case = $10
Cost of placing orders with the manufacturer = $45 per order
Economic Order Quantity (EOQ) = square root of (2 * Annual Demand/Sales * Ordering cost)/Carrying cost per case
= square root of (2 * 10,000 * $45)/$10
= square root of 90,000
= 300 tennis balls
This implies that the distributor will place about 33 orders in the coming year. With each order, the quantity placed is 300 units. This is the economic order quantity that will minimize its inventory cost for the year.
The cost of bananas = $ 3.48
This can be written as :
this number written in expanded notation as : (3 × 1) + (4 × 0.1) + (8 × 0.01)
3+0.4+0.08 = 3.48
Hence, 1st option is correct.
Answer:
51.94805...%
Step-by-step explanation:
added up all the #'s =154
added up all the bois =80
divide 80 from 150 =0.51948...
multiply that by 100 =51.94805...
Answer:
Rusty bikes for 207 miles
Step-by-step explanation:
Because 23 times 4 gives you 92 so you have to also multipy 9 by 23 gives you 207 miles. So Rusty biked for 207 miles. Hoped this helped.
Answer:
their hopes will come true
Step-by-step explanation:
Using the formula for calculating amount expressed as;
A = P(1+r)^t
Given
P = $15000
r = 9.6% = 0.096
t = 15years (18-3)
Substitute;
A = 15,000(1+0.096)^15
A = 15,000(1.096)^15
A = 15000(3.9551)
A = 59,326.6
As we can see, the money is even more than twice the original amount, this shows that their hopes will come true
