answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-s [515]
2 years ago
14

A farmer needs 500 vats of fertilizer a week during the summer. He has a barn that can hold plenty of vats which cost around $1

a week for storage & handling per vat. The ordering costs for a new order are $250 regardless of the order size. What is the EOQ for this farmer during the summer months? a. $250,000 b. $354 c. $500 d. $250
Business
1 answer:
Simora [160]2 years ago
5 0

Answer:

option (c) $500

Explanation:

Data provided in the question:

Demand, D = 500 vats of fertilizers

Cost, C = $1

Ordering costs for a new order, F = $250

Now,

Economic Order Quantity = \sqrt{\frac{2FD}{C}}

on substituting the respective values, we get

Economic Order Quantity = \sqrt{\frac{2\times250\times500}{1}}

or

Economic Order Quantity = √250,000

or

Economic Order Quantity = 500

Cost of Economic Order Quantity = 500 × $1 = $500

Hence,

the answer is option (c) $500

You might be interested in
Employees who have difficulty performing efficiently on the job often have poor _____ skills, are confused about their prioritie
sergeinik [125]

Answer: The correct answer is "Organizational".

Explanation: Employees who have difficulty performing efficiently on the job often have poor <u>organizational</u> skills, are confused about their priorities (what is most important), and may be slow in making decisions.

Organizational skills allow us to distinguish which are our priorities, short, medium and long term objectives to be met and the steps to follow to fulfill these. Once focused on that, decision-making aimed at meeting these objectives tends to be much faster, which as a result demonstrates more efficient work.

7 0
1 year ago
When the Shaffers had a monthly income of $4,000, they usually ate out 8 times a month. Now that the couple makes $4,500 a month
choli [55]

Explanation:

Income Elasticity of Demand(IED)= Percentage change in quantity demanded/ Percentage change in income

-Percentage change in Q:

%Change in quantity demanded= (q2-q1/q1) = (10-8)/8= 0.25

-Percentage change in Income:

%Change in income= (i2-i1/i1) = (4,500-4,000)/4,000= 0.125

IED= 0.25/0.125= 2

This indicates that the Shaffers are very sensitive to changes in income when it comes to eating out. Which means that changes in income will change significantly the number of times they eat out.

2. Restaurant meals are normal goods, in this case, because when income rises, they ate more in restaurants, then the units consumed for this good increase too.

5 0
1 year ago
Read 2 more answers
Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sa
Irina-Kira [14]

Answer:

Net Income      186,900

Explanation:

sales                                   730,000

variable cost

40% of sales

40% of 730,000 =            (292,000)

Selling expense                 (81,000)

Administrative expense    (90,000)

Earnigns before taxes        267,000

income tax expense

30% of EBT

30% of 267,000  =               (80,100)

Net Income                         186,900

8 0
1 year ago
Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so s
Vlad [161]

Answer:

Option (D) is correct.

Explanation:

1.We use the formula:

A=P(1+\frac{r}{100})^{n}

where

A=future value

P=present value

r=rate of interest

n=time period.

A=1,060(1.12)^{2}+ 1,060(1.12)^{1} + 1,060

A=1,060[(1.12)^{2}+(1.12)^{1} + 1]

         = 1,060 [1.2544 + 1.12 + 1]

         = 1,060 × 3.3744

         = $3,576.864

Therefore, the amount of $3,576.864 will Ashley have to buy a new LCD TV at the end of three years.

(b) Future value of annuity due = Future value of annuity × (1 + interest rate)

                                                    = $3,576.86(1 + 0.12)

                                                    = $3,576.86 × 1.12

                                                    = $4,006.08

She will save around $4,006.08

4 0
1 year ago
You purchase a bond with a coupon rate of 5.3 percent and a clean price of $951. Assume a par value of $1,000. If the next semi
olchik [2.2K]

Answer:

The invoice price is $ 969.

Explanation:

This question requires us to tell the invoice price (dirty price) of the bond. Clean price is given in the question. So we can easily calculate invoice price by adding accrued interest in dirty price. Detail calculation is given below.

Clean price          = $ 951 -A

Accrued Interest =  (5.3% * 1000)/12*4 = $ 17.67 -B

Invoice price = A+B = $ 969 (approx)

4 0
1 year ago
Other questions:
  • Tina enrolls in additional training for her personal development. Which quality is she demonstrating? Tina is demonstrating ____
    12·2 answers
  • Bob is hired to do computer sales for an electronics store. He agrees that if he leaves his employment, he will not work for ano
    6·1 answer
  • Which of the following statements is CORRECT?
    8·1 answer
  • Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $550,00
    14·2 answers
  • Which of the following acquisitions would be considered the LEAST related? Group of answer choices A candy manufacturer purchase
    10·1 answer
  • Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
    7·2 answers
  • PLEASE HELP OFFERING 20 POINTS AND WILL MARK YOU AS BRAINLY
    14·1 answer
  • AMC Corporation currently has an enterprise value (EV) of $400 million and $100 million in excess cash. The firm has 10 million
    14·1 answer
  • Bob has saved $315 each month for the last 6 years to make a down payment on a house. The account earned an interest rate of .41
    6·1 answer
  • Watts Corporation made a very large arithmetical error in the preparation of its year-end point in the calculation of financial
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!