Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a holding cost per unit of $24.00, and an annual production rate of 292,000 units. The firm operates and experiences demand 365 days per year.

a. What is the Production Order Quantity?

b. What is the max inventory on hand?

c. What is the average inventory?

d. What are the total holding costs?

e. What does it cost to manage the inventory?

Answers

Answer 1

Answer:

a 1,560 units

b 780 units

c 390 units

d $18,720

e $9,360

Explanation:

Given that;

Production = 292,000

Daily demand , d = 400

Annual demand , D = 400 × 365 = 146,000

Production rate , P = 292,000 ÷ 365 = 800

Set up cost , Cs = $100

Holding cost , Ch = $24

a. What is the production order quantity

= √2 * D * Cs / CH × (p / p - d)

= √ 2 * 146,000 * 100/24 × (800/800-400)

= √1216666.6667 × 2

= √2433333.3334

= 1559.91

=1,560 units approximated.

b. What is the maximum inventory on hand

= EPQ × [ 1 - (d÷p) ]

= 1,560 × [ 1 - (400 ÷ 800) ]

= 1,560 × 0.5

= 780 units

c. What is the average inventory

= Maximum inventory ÷ 2

= 780 ÷ 2

= 390 units

d. What are the total holding costs

= EOQ/2 * Holding cost

= 1,560/2 * 24

= 780 *24

= $18,720

e. What does it cost to manage the inventory

= Holding cost * (Maximum inventory ÷ 2)

= 24 * (780 ÷ 2)

= 24 * 390

= $9,360


Related Questions

What is most likely to cause a lender to deny credit?

Group of answer choices

Few credit and loan applications

A low debt-to-credit ratio

Missed payments on revolving credit

Variety of credit type used

Answers

Answer:

Missed payments on revolving credit

Explanation:

Lenders use credit history and income level to assess the borrower's ability to repay a loan. Missing on installment payments or defaulting on revolving credit payments is indicative of a high-risk borrower. The lender will judge such a customer are highly likely to default on the loan.

Missing installments could communicate an inability to repay due to inadequate income, too many debts, or poor money management. Lenders will reject a loan application from such a borrower due to the high risk of lending to the customer.

A tariff is a trade barrier that:

Answers

Tariffs raise the price of imported goods relative to domestic goods (good produced at home).

Answer:

A: prevents trade with a single country

:)

Explanation:

where u going for a vacation

Answers

i would go to the first picture it seems like a good day for a swim and have fun with famliy there but the seconed one looks very pretty ^^

The markdown could be a dollar amount or a

Answers

Answer:

Percentage of the selling price

Explanation:

Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.

Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.

Which of these options for saving money typically offers the most liquidity?
A. Savings bond
B. Savings account
C. Certificate of deposit
D. Money market account

Answers

Answer:savings account

Explanation:

Answer:

B. Savings account

Explanation:

when business owners look at leading economic indicators, they generally are doing this to help predict what will happen over the following___

three to nine weeks

there to six years

six to nine months

three to six months

Answers

Three to nine weeks
it would be three to nine weeks

What does deficit spending require a government to do?

lay off workers
cut taxes
take on debt
hire more workerscy

Answers

Answer:

c. TAKE ON DEBT

Explanation:

A deficit spending require a government to: C. take on debt.

What is deficit spending?

A deficit spending can be defined as a situation in which the expenditure of government exceed the amount of money generated as revenues over a fiscal period.

This ultimately implies that, deficit spending typically occurs when government's expenditure is greater than its revenue over a specific period time.

Consequently, government tends to resort to borrowing or taking debt when there is deficit spending in its budget.

Read more on deficit spending here: https://brainly.com/question/1371898

Lee starts entering data into the table. He types in the mass of Mercury. Next, he wants to type in the diameter of Mercury.

A 3 column table with 4 rows. Column 1 is labeled Planet with entries Mercury, Venus, Earth, Mars. Column 2 is labeled Mass (10 Superscript 24 Baseline kilograms) with entries .33, blank, blank, blank. Column 3 is labeled Diameter in kilometers with 4 blank entries.

What should he do to get to the appropriate cell?

Answers

Answer:

Her weight is lower on Venus because the acceleration due to gravity is lower.

Explanation:

Answer:

press the tab key

Explanation:

edge 21

A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $660,000; March 31, $760,000; June 30, $560,000; October 30, $1,080,000. To help finance construction, the company arranged a 7% construction loan on January 1 for $1,020,000. The company’s other borrowings, outstanding for the whole year, consisted of a $2 million loan and a $4 million note with interest rates of 9% and 6%, respectively.

Answers

Answer:

total capitalized interests = $118,300

Explanation:

Weighted average expenditures:

January 1 = $660,000 x 12/12 = $660,000

March 31 = $760,000 x 9/12 = $570,000

June 30 = $560,000 x 6/12 = $280,000

October 30 = $1,080,000 x 2/12 = $180,000

total weighted expenditures = $1,690,000

weighted interest rate:

$2,000,000 x 9% = $180,000

$4,000,000 x 6% = $240,000

total = $420,000 / $6,000,000 = 7%

capitalized interest:

$1,020,000 x 7% = $71,400

($1,690,000 - $1,020,000) x 8.8% = $46,900

total capitalized interests = $118,300

define finiancial institution​

Answers

Answer:

A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

Answer:

Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions:[1][2]

Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;

Contractual institutions – insurance companies and pension funds

Investment institutions – investment banks, underwriters, brokerage firms

Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21-3434) have a 19-year-old son (born 10/2/99 Social Security number 555-55-1212), Jack who is a full-time student at the University of Key West. The McCarthys also have a 12-year-old daughter (Social Security number 444-23-1212), Justine, that lives with them. Richard is the CEO at a national paper company. His Form W-2 is provided.

Answers

Answer:WHy would you give out social security numbers

Which of the following most accurately describes the change in average weekly earnings since 1980?
Gradpoint

Answers

Answer:

Which of the following most accurately describes the change in average weekly earnings since 1980 Average weekly earnings have risen for college-educated workers only Which of the following workers is likely to earn the highest wage

Only college-educated workers' average weekly incomes have increased is most accurately describes the change in average weekly earnings since 1980.

What is income?

Income is the money an individual receives in compensation for his or her work, services, orinvestments, or the money generated by a company's sales of goods and services.

Thus, Only college-educated workers income is increased.

For more details about income, click here

https://brainly.com/question/24715830

#SPJ2

Organizations use marketing research to gather data about _____. (Select all that apply)

their customers
new products they are considering
employees they want to hire
their customers’ preferences

Answers

Answer:

b and d

Explanation:

because i know

Which of the following allows for response tracking most easily?
SETELAH
A. Signage
B. Radio advertising
C. Television advertising
D. Internet advertising

Answers

Answer: internet advertising

Explanation:

A cell phone company charges $1.25 for a long-distance phone call, plus an additional $0.15 per minute. If Kyle wants to spend less than $5, how many minutes can he talk?

Answers

Answer:

465 minutes or 8 hours and 15 minutes

Step-by-step explanation:

her monthly bill was 72.25 and she has to pay 2.50 per month

72.25 - 2.50 = 69.75

69.75/ 0.15 = 645 minutes

645 minutes/ 60 minutes= 7.75 = 8 hours 15 minutes

i need help ASAP!!!! Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before presenting to the guest. For a party of 12 and a total check in the amount of $191.40, what is the gratuity amount added to the check for this large party?a) $18.00 b)$34.45 c)$43.54 d)$191.40

Answers

Answer:

b)$34.45

Explanation:

Gratuity is similar to a service charge.

If the bill is $191.40, and gratitude of 18 percent will be added.  

The actual gratitude amount that will be added will be equal to

18% of the $191.40 bill.

=18/100 x $191.40

=0.18 x 191.40

= $34.45

When a customer makes a request or complaint, the goal of customer service is to

Answers

Answer:

is to listen their complaint carefully and what you can do for him or her you have to do this your duty

Match each term with its description. Match Term Definition Economy A) Make or provide goods and services that consumers buy and use. Free enterprise system B) People who buy and use goods and services. Producers C) A system in which individuals or businesses may buy, sell, and set prices with little government control. Consumers D) How people produce, distribute, and use goods and services. Supply E) The amount of goods and services available for sale.

Answers

Answer:

A) Make or provide goods and services that consumers buy and use.- Producers.

B) People who buy and use goods and services.-  Consumers.

C) A system in which individuals or businesses may buy, sell, and set prices with little government control.- Free enterprise system.

D) How people produce, distribute, and use goods and services.- Economy.

E) The amount of goods and services available for sale.- Supply.

Explanation:

1. A producer is a term used for the ones producing the goods. They are the ones who make, provide, and supply goods and services to 'consumers' to buy or use as they please.

2. Consumers are the ones 'taking in' the provides goods and services from the producers. They are the receiving end of the service line, people who buy and use the producers' products.

3. Free enterprise system is a system where individuals can sell, buy, and even set prices on goods and services without the government setting a limit. This is a freedom of regulation where the individuals have the freedom to do anything with their services and goods.

4. An economy is a system of human labor where people who produce and those who receive the services and goods of these producers come together. This system is an exchange of services and labor, that of exchange and consumption between the producers and consumers.

5. Supply is the number of goods and services available for the consumers to avail. It is the number of goods and services available or made available in the market.


When does the price of an item increase?

Answers

Answer:

WHEN TAXES GET HIGH

Explanation:

ZASXSXSXSXSSXSXSXSXSX

Answer:

THE PRICE INCREASE when it have cent

Explanation:

2.01 plus taxes

Ernst Company purchased equipment that cost $3,000,000 on January 1, 2017. The entire cost was recorded as an expense. The equipment had a nine-year life and a $120,000 residual value. Ernst uses the straight-line method to account for depreciation expense. The error was discovered on December 10, 2019. Ernst is subject to a 40% tax rate.Before the correction was made and before the books were closed on December 31, 2019, retained earnings was understated by1. $1,328,000.2. $1,416,000.3. $1,800,000.4. $1,344,000.

Answers

Answer:

2 . $1,416,000.3

Explanation:

Calculation for understated retained earnings

Understated retained earnings=$3,000,000 – [($3,000,000 – $120,000) ÷ 9 × 2] × (1 – .40)

Understated retained earnings=($3,000,000-$640,000) × (1 – .40)

Understated retained earnings=$2,360,000 × (1 – .40)

Understated retained earnings=$2,360,000 ×0.6

Understated retained earnings=$1,416,000

Therefore on December 31, 2019, retained earnings was understated by $1,416,000

Which workplaces are typical for someone working in Marketing, Sales, and Service? Select all that apply,
A factories

B offices

C customer's homes

D home offices

E stores

F warehouses

G La vehicles

H research centers

Answers

The workplaces that are typical for someone working in Marketing, Sales, and Service are:

storesfactorieswarehouses

Why do people work in Marketing, Sales, and Service?

Majority work in these section to promote product and sales of goods and service.

Hence, the typical workplaces of someone working in Marketing, Sales, and Service includes stores, factories and warehouses.

Therefore, the Option A, E and F is correct.

Read more about workplaces

brainly.com/question/26463698

#SPJ1

Answer:

A. Factories
E. Stores
F. Warehouses

Explanation:

Which career is best described by someone who organizes and tracks merchandise during storage and display?
O Wholesale Buyer
O Marking Clerk
O Purchasing Agent
O Stock Clerk

Answers

I think is Stock Clerk

The career that is  best described by when someone who organizes and tracks merchandise during storage and display is Stock Clerk. Thus option (d) is correct.

Who is Stock Clerk?

A stock clerk, also known as a stockroom clerk, is a person who works in a retail or wholesale store, warehouse, or distribution center, responsible for receiving, storing, and distributing merchandise or supplies.

Their job duties may include: Receiving shipments of goods and verifying the accuracy of orders; Unloading, unpacking, and labeling items.

Stock clerks typically work under the supervision of a manager or supervisor and may use various equipment and tools, such as forklifts, hand trucks, and pallet jacks, to move and handle goods.

The Stock Clerk is the person who organizes and tracks merchandise during storage and display.

Learn more about Stock Clerk here:

https://brainly.com/question/17052285

#SPJ6

Kristen, an independent management consultant, is based in Atlanta. During March and April of 2019, she is contracted by a national hardware chain to help implement revised human resource policies in Jackson (Mississippi) temporarily. During this period, Kristen flies to Jackson on Sunday night, spends the week at the district office, and returns home to Atlanta on Friday afternoon. The cost of returning home is $550, and the cost of spending the weekend in Jackson would have been $490.

Answers

Answer:

A. $490

B. $490

Explanation:

A. Based on the information given if no reimbursement for the expense the amount she may deduct is the amount of $490 reason been that we were told that she spend the weekend with Jackson in which the cost of spending the weekend in Jackson was $490, Hence $490 will be deducted.

B. Based on the information given my answer in part (a) would NOT change assuming the amounts that was involved were reversed reason been that their is likelihood of her to still deduct the amount of $490 based on the fact that the deduction will be limited to the money that was spent.

What is the journal entry for “bought good for cash from m/s rupa traders”

Answers

Answer:

see below

Explanation:

The action of buying goods from r/s rupa increase inventory/purchases ( asset account) and reduces cash( asset) in the business.

An increase in assets account is debited, while a decrease is credited. The journal entry will be

Purchases a/c  Dr

Cash a/c     Cr

How do you give brainliest?

Answers

Answer:

you press the crown

Explanation:

Answer: you have to wait a lil bit then get back on the question you answer then it'll show a crown in the side of you screen and press it if you want to

Explanation:

Other Questions
A coffee table is on sale for 20% off the original price of $115.If there is 7.5% sales tax, what is the final price of the coffee table?Enter your answer in the box. What is the rate of change of the following equation?y=x-5 At Star Market, you can buy 3 pints of raspberries for $12.00. What is the cost per pint? What was one major problem with the Articles of Confederation? o A. The government was not a democracy. N B. The central government had too much power. O C. Conflict between the states made the country unstable. (I'LL GIVE BRAINLIEST AND EXTRA POINTS IF U HELP!!! :D)Read the excerpt from "Challenging Explorations:"Explorers made these treacherous voyages for three main reasons: religion, wealth, and competition. These voyages of discovery began in the eleventh century.Which of the following sentence paraphrases this excerpt correctly?A) Explorers made these difficult voyages for three main reasons: religion, wealth, and competition.B) These treacherous voyages of discovery began in the eleventh century where explorers searched for religion, wealth, and competition.C) In the eleventh century, explorers embarked on difficult voyages in search of religion, wealth, and competition.D) Religion, wealth, and competition are three examples of that explorers searched for. write couple of paragraphs on role of youths inreforming the society Drop answers........... In Figure 4.27 four particles form a square of edge lengtha=5cm and have charges q1=+10nc, q2=-20nc,q3 = +20nc, q4=-10.0nc. In unit-rector notation, what netelectric field do the particles produce at the centre of square? How many valiant men, how many fair ladies, breakfast with their kinfolk and the same night supped with their ancestors inthe next world! The condition of the people was pitiable to behold. They sickened by the thousands daily, and diedunattended and without help. Many died in the open street, others dying in their houses, made it known by the stench of theirrotting bodies. Consecrated churchyards did not suffice for the burial of the vast multitude of bodies, which were heaped bythe hundreds in vast trenches, like goods in a ships hold and covered with a little earth.-Giovanni Boccaccio, 1348Because Boccaccio was an eyewitness to the events that he was describing, this is an example of a primary source. What period ofMedieval history was Boccaccio writing about?A)the CrusadesB)the Black Deaththe Hundred Years WarD)the Battle of Hastings Question 8 of 20 Which statement most accurately describes the relationship between state and local governments? A. States have direct control over most forms of local government. B. States grant a variety of local governments the power to meet residents' needs. C. Both states and local governments get their power from the federal government through the Constitution. D. States have more power, but the Constitution guarantees that local governments can choose to govern themselves. (It made me shiver. And I about made up my mind to pray, and see if I couldn't try to quit being the kind of a boy I was and be better. So I kneeled down. But the words wouldn't come. Why wouldn't they? It warn't no use to try and hide it from Him. Nor from me, neither. I knowed very well why they wouldn't come. It was because my heart warn't right; it was because I warn't square; it was because I was playing double. I was letting on to give up sin, but away inside of me I was holding on to the biggest one of all. I was trying to make my mouth say I would do the right thing and the clean thing, and go and write to that [runaway's] owner and tell where he was; but deep down in me I knowed it was a lie, and He knowed it. You can't pray a lieI found that out.)Based on information in paragraph 1, how does Huck view himself? A: as a two-faced sinner B: as a reformed sinner C: as someone striving to be betterD: as someone who will do the right thing The two primary methods of memory allocation are:RAM and ROM.Mac and Windows.peripheral and CPU.stack and heap. Choose a photograph that you think is well done and that properly uses the elements of art and the principles of design. Share the image with the class (or either include or describe it below) and explain why it is a good example. Can anyone help me with this? Teacher wants me to do this. No clue where to begin. 16x4+20x(18/2)-10x10= Rational Numbers are numbers thatO Can be written as a fractionO Can not be written as a fractionO you can think ofO you can imagine Problem #18I have a box that is 5 inches wide, 2 inches deep, and 4 inches tall that I wantto fill with sand. How much sand can I fit inside my box? A biker can travel 8 miles in one hour. How long will it take him to travel 32 miles?Create a table. Highlight the unit rate. State your answer clearly with a label. Look at the drawings and answer each question by choosing the appropriate verb from the list to form a complete sentence. OJO! Not all verbs are used. Make sure your verb construction matches that of each question.cepillarse | lavarse | peinarse | dormirse | levantarse | quitarse | ducharse | maquillarse | vestirseModelo:An illustration shows a woman brushing her hair.Qu est haciendo Nuria?Nuria est cepillndose el pelo.oNuria se est cepillando el pelo.1. Qu est haciendo Jos Mara?An illustration shows a man taking a shower.Enter Textenter answer2. Qu est haciendo Carlos?An illustration shows a boy putting on his pants and getting dressed in his bedroom.Enter Textenter answer3. Qu va a hacer Pablo?An illustration shows an elderly man taking off his shirt; background shows a moon outside the window.Enter Textenter answer4. Qu va a hacer Susana?An illustration shows a woman with shabby hair stretching her arms and yawning in her bed; the bedside clock shows 7:00.Enter Textenter answer Evaluate the distance between each pair of integers A summer camp is organizing a hike and needs to buy granola bars for the campers. The granola bars come in small boxes and large boxes. Each small box has 8 granola bars and each large box has 24 granola bars. How many granola bars are there in 8 small boxes and 6 large boxes? How many granola bars are there in ss small boxes and ll large boxes?