A store has collected the following information on one of its products:
Demand = 5,000 units/year
Ordering costs = $12/order
Holding costs = $4/unit/year
Lead-time = 5 days weeks
Unit cost = $748/unit
Number of weeks per year = 50 weeks
The firm currently orders 500 units per order. What is the total cost of ordering and holding these goods under this system?
Determine their economic order quantity, (using the new EOQ), determine the cost of ordering and holding goods

Answers

Answer 1

The total cost of ordering and holding goods under this system is $51,000. The Economic Order Quantity (EOQ) is 223.6068 units. The cost of ordering and holding goods is $3358.6019.

The total cost of ordering and holding goods under this system can be calculated using the following formula:

Total cost = [(Demand x Ordering cost) / EOQ] + [(EOQ x Holding cost) / 2]

Where,

Demand = 5,000 units/year

Ordering costs = $12/

order

Holding costs = $4/unit/year

EOQ = ?

The unit cost = $748/unit

Number of weeks per year = 50 weeks

Plugging the given values into the formula, we get:

Total cost = [(5000 x 12) / 223.6068] + [(223.6068 x 4) / 2]

= 60000/223.6068 + 894.4268

= $268.11 + $894.43 = $1,162.54

The Economic Order Quantity (EOQ) can be calculated using the following formula:

EOQ = √[(2 x Demand x Ordering cost) / Holding cost]

Plugging in the given values into the formula, we get:

EOQ = √[(2 x 5000 x 12) / 4]

= √[60000]

= 223.6068 units

The cost of ordering and holding goods can be calculated using the following formula:

Cost of ordering and holding goods = EOQ x Unit cost + [(Demand/EOQ) x Ordering cost] + [(EOQ/2) x Holding cost]

Plugging in the given values into the formula, we get:

Cost of ordering and holding goods = 223.6068 x 748 + [(5000/223.6068) x 12] + [(223.6068/2) x 4]

= 167363.1664 + 267.9465 + 446.8136

= $167,077.93

Therefore, the total cost of ordering and holding goods is $51,000. The Economic Order Quantity (EOQ) is 223.6068 units. The cost of ordering and holding goods is $3358.6019.

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Related Questions

please help!! Question: Drake begins wearing knee high socks in his videos and concerts? What
happens to the demand for knee high socks?
please helppp!!

please help!! Question: Drake begins wearing knee high socks in his videos and concerts? Whathappens

Answers

The answer would be B because demand would increase, therefore if there are more consumers there will be less product as people keep buying (therefore p decreases)

which of the following refers to the amount of information that can be transmitted during a communication episode?

Answers

The phrase "channel capacity" refers to the volume of data that can be transmitted during a communication event. The greatest speed at which data or information can be safely sent across a communication channel is referred to as channel capacity.

It is affected by a number of variables, including the amount of available bandwidth, the signal-to-noise ratio, and the encoding method employed. In essence, channel capacity establishes the maximum amount of data that may be transmitted in a given amount of time. Increased channel capacity can be achieved with the aid of appropriate coding and modulation techniques, enabling larger data rates and more efficient communication.

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Examples of variable costs include all of the following except what?

Answers

Examples of variable costs include direct labor, raw materials, and sales commissions. However, one type of cost that is not considered a variable cost is fixed costs.

Variable costs are expenses that change in direct proportion to the level of production or sales. They fluctuate based on the volume of activity or output. Common examples of variable costs include direct labor, raw materials, sales commissions, packaging costs, and shipping costs. These costs increase or decrease as the production or sales volume changes.

On the other hand, fixed costs are expenses that remain constant regardless of the level of production or sales. They do not vary with changes in activity volume. Fixed costs include expenses like rent, salaries of permanent employees, insurance premiums, and equipment depreciation. These costs stay the same regardless of whether the company is producing or selling more or fewer units.

Therefore, when considering examples of variable costs, it is important to understand that fixed costs are not included. Fixed costs are independent of the level of production or sales and do not vary with changes in activity volume.

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Zeta Corporation has issued a $1,000 face value zero-coupon bond. Which of the following values is closest to the correct price for the bond if the appropriate discount rate is 7% compounded annually and the bond matures in 5 years?
A. $712.99
B. $747.26
C. $1,000.00
D. $1,058.10
E. This problem cannot be worked without the annual interest payments provided.

Answers

Option (b), The present value calculation for a zero-coupon bond yields $747.26 as the proper price for the bond.

A zero-coupon bond does not pay any annual interest, so the only cash flow the investor receives is the face value of the bond at maturity. The price of the bond is the present value of the face value discounted at the appropriate rate. Using the formula for present value of a single future payment, we can calculate the price of the bond as:

Price = Face value / (1 + discount rate)^n

Where n is the number of years until maturity. Plugging in the values given in the question, we get:

Price = 1000 / (1 + 0.07)^5 = $747.26

Therefore, the detailed answer is that the correct price for the bond is $747.26, calculated using the present value formula for a zero-coupon bond.

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Which of the following is NOT a part of reviewing and revising the financial plan?
-developing an action plan which identifies ways to achieve the goals
-regularly assessing the financial decisions
-taking a complete review of finances at least once a year
-making priority adjustments which will being financial goals in like with current life situation

Answers

Answer:

Developing an action plan which identifies ways to achieve the goals.

Explanation:

Reviewing & Revising the Plan

Involves:

regularly assessing the financial decisions

taking a complete review of finances at least once a year

making priority adjustments which will bring financial goals in line with current life situation

__________ showed that people learn to behave in certain ways because of reinforcement. A. John B. Watson B. B. F. Skinner C. William James D. Sigmund Freud Please select the best answer from the choices provided

Answers

Answer:

The answer is B.F. Skinner.  

Explanation:

B.F. Skinner showed that people learn to behave in certain ways because of reinforcement. He is considered the father of this theory. Conversely, Sigmund Freud proposed classical conditioning.

B. F. Skinner howed that people learn to behave in certain ways because of reinforcement. According to research by B.F. Skinner, reinforcement is the reason why people learn particular behaviours. He is regarded as the originator of this theory. Sigmund Freud, on the other hand, advocated classical conditioning. Hence, option B is correct.

What is BF Skinner most famous for?

BF Skinner, The foundation of B.F. Skinner's theory, is the idea that learning is a result of altering overt behaviour. A person's response to external circumstances leads to changes in behaviour.

The effect of American psychologist B. F. Skinner on behaviourism is well acknowledged. Free will is essentially only an illusion, according to Skinner, who referred to his own philosophy as "radical behaviourism.

Thus, option B is correct.

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Which principle says that a certain amount of money today is worth more than the same amount in the future?.

Answers

Answer: Time Value of Money

Explanation: The time value of money is where an amount of money is worth more in the future than the same amount in the future due to interest and other factors.

When would it be a good idea to invest your money instead of putting it in a savings
account?
A. When you won't need the money for a long time.
B. When you want to put your money somewhere safe.
C. When you're looking to maintain the value of your money
with a little bit of growth.
D. None of the above

Answers

I believe the answer is A

Scenario 3: Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don't have to pay your loan back until you graduate, you've saved enough by the end of the semester and you will pay off the loan in full. Does your credit score go up or down? Why does it go up or down? If your score goes down, how can you fix it?​

Answers

A credit score rating is based on a credit score report, statistics usually sourced from credit score bureaus.

What is a credit score?

A credit score rating is a numerical expression primarily based totally on a degree evaluation of a person's credit score files, to symbolize the creditworthiness of an individual.

As per the information,

1. The loan taken here is an unsecured loan, therefore, the early payment of the loan will increase the credit card score.

2. In this case,  the credit card score will go up as pre-payment of small and unsecured will have a positive impact on the credit card score. The score goes up and down based on your credit card purchase behavior.

3. If the credit card score goes down, it can be fixed by maintaining a healthy credit card utilization ratio.

hence, in this way, the credit card score issues can be resolved.

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Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.

Answers

The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space

What is the meaning of Choreography?

In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.

These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.

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Which of the following statements best characterizes the bottom line of security for e-commerce?

A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.

B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.

C) Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.

D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.

Answers

Answer:

Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C

Explanation:

Who has the most goals in fifa history​

Answers

Answer:

Pele

explanation:

In 1.9k+ goals

If you think viewers are skipping over the commercials during TV shows, what strategy could you use to make it more difficult for them to ignore your product?(Select the best answer.)
•Create an infomercial.
•Use product placement.
•Run your commercial more than •once in a row.
•Increase the volume of your commercial.

Answers

The strategy which can be used to prevent ignorance of product is Use Product Placement.

The incorporation of a branded product in media, usually without explicit reference to the product, is known as product placement. Branded products are frequently featured in films, television shows, and video games. The strategy is classified as a sort of pull marketing, with the goal of increasing consumer knowledge of the brand and product while also strengthening demand. There have traditionally been three sorts of product placement: screen placement, script placement, and plot placement.

There's also the reality that product placements are really effective. According to studies, they raise product awareness and positive views among viewers. They can also increase the likelihood of consumers talking about the products and searching for them online. However, not all product placements are equally effective. Those that seem to have the most influence on viewers is those who achieve a fine balance between being noticeable and not being too overt.

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Susan has three credit cards - 1) an Old Navy card she got her last year of high school and now doesn't use that much, 2) a Visa card she got while in college and pays an $50 annual fee for benefits she doesn't use that much, and 3) a Mastercard she opened last month which has no annual fees. Susan has decided that she only needs two credit cards, which one should she get rid of

Answers

Answer: Visa card

Explanation:

Since Susan has decided that she only needs two credit cards, then she should keep the old Navy card she got her last year of high school and the Mastercard that she opened last month which has no annual fee.

In this case, since she doesn't use the Visa card that she got while in college and th e card pays an $50 annual fee for benefits that she doesn't use that much, thus means that the card isn't beneficial to her. Therefore, she should get rid of the Visa card.

Khalil's teacher has asked him to change the orientation of his images. What does Khalil need to do? O A. O B. O C. O D. Change the shutter speed of his camera. Change the composition of the objects in the pictures. Change the position or direction of the pictures. Change the lighting in the pictures.​

Answers

Answer:

C: change the position or direction of the pictures

Explanation:

I just took the quiz

One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm

One of the major trends in the lodging sector is that organizations are becoming more international.O

Answers

The answer would be true

Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)

Answers

The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.

Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.

Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.

Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.

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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

Think about how personal branding has made it easier and more difficult to get a job. Give one example of each.

Answers

Personal branding can make it easier and more difficult to get a job in different ways, as explained below:

Easier: Personal branding can help job seekers stand out from other candidates by showcasing their unique skills, experiences, and personality traits. For example, a graphic designer who has established a strong personal brand through a portfolio website, social media presence, and positive reviews from clients may have an advantage over other designers who have not invested as much effort into their personal branding. This can make it easier for the designer to attract potential clients and job opportunities that align with their brand and expertise.

More difficult: On the other hand, personal branding can also make it more difficult to get a job if it does not align with the employer's values or expectations. For instance, a candidate who has a strong personal brand on social media but shares controversial or offensive opinions may not be considered for a job that requires a professional and respectful demeanor. Additionally, if a candidate's personal brand is too strong or dominant, it may overshadow their qualifications and experience, leading potential employers to perceive them as self-promoting or arrogant. This can make it more difficult for the candidate to convince employers that they are a good fit for the job based on their skills and achievements alone.

Gross profit equals the difference between net sales and
a. operating expenses.
b. cost of goods sold.
c. net income.
d. cost of goods sold plus operating expenses.

Answers

Gross profit equals the difference between net sales and the cost of goods sold. The correct answer is Option B.

Gross profit is a financial measure that represents the profit a company earns from its core operations after deducting the cost of producing or acquiring the goods sold. It is calculated by subtracting the cost of goods sold (COGS) from the net sales or revenue generated by the company. Gross profit reflects the profitability of the company's products or services before considering other operating expenses such as selling, general, and administrative expenses. Therefore, the correct answer is Option B: cost of goods sold.

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Froblem 1. Suppose that we have three bonds each with face/redemption amount of 100 and paying 5% annual coupons. The bonds are 1 year, 2 year and 3 year bonds and we are told that thcy are each priced to have the yield to maturity (ic. internal rate of return) YTM(1)=0.052,YTM(2)=0.056,YTM(3)=0.06 where YTM (k) denotes the yield to maturity on a k-year bond. Use this information to compute the term structure of interest rates for years 1,2 and 3 (i.e. compute the 1 year, 2 year and 3 year zero-coupon yields) implied by this data.

Answers

The zero-coupon yields implied by the given data are 0.0493 for 1 year, 0.1094 for 2 years, and 0.1728 for 3 years.

The term structure of interest rates, or the yield curve, can be computed using the yields to maturity of bonds with different maturities. In this scenario, we have three bonds with maturities of 1 year, 2 years, and 3 years, and their respective yields to maturity (YTM) are given as YTM(1) = 0.052, YTM(2) = 0.056, and YTM(3) = 0.06.

To compute the zero-coupon yields for each year, we can use the formula:

Zero-Coupon Yield = (1 + YTM)⁻ⁿ - 1,

where YTM is the yield to maturity and n is the number of years.

For the 1-year bond:

Zero-Coupon Yield (1 year) = (1 + 0.052)⁻¹  -1= 0.0493

For the 2-year bond:

Zero-Coupon Yield (2 years) = (1 + 0.056)⁻² - 1 = 0.1094

For the 3-year bond:

Zero-Coupon Yield (3 years) = (1 + 0.06)⁻³- 1 = 0.1728

Hence, the term structure of interest rates for years 1, 2, and 3 is 0.0493, 0.1094, and 0.1728, respectively.

Hence, the zero-coupon yields imply a gradually increasing term structure of interest rates over the 1-year, 2-year, and 3-year periods.

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Suppose that there are two winners for the Nobel Prize in Economics this year, and suppose that one of them is a professor at your university while the other is a professor somewhere else. Research suggests that you will tend to:__________

Answers

Answer: You would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.

Explanation:

There are two things involved in these scenario, one of them is that you would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.

The second is that you would be inquisitive about the other professor and want to know more about his profile.

But in most cases the familiarity aspect happen more than the other.

Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?

a) $0
b) $1,000
c) $4,000
d) $50,000

Answers

Answer:

c) $4,000

Explanation:

The only funding needed is the difference between revenue and expense.

For year 1: funding required is $9,000 -$5000 = $4000

For year 2: funding required is$ 9,000 - $8000 = $1000

For year 3: funding required is $9000 -$10,000 = -$1000

cumulative funding = $4000, + $1000 + (-$1000)

=$5000 - $1000

=$4000

Consider the market for pens. Suppose that increased medical concerns over lead pencils have led schools to steer away from pencil use in favor of pens. Moreover, the price of plastic, an important input in pen production, has dropped considerably.
On the following graph, labeled Scenario 1, indicate the effect these two events have on the demand for and supply of pens.

True or False: When both the demand and supply curves shift, you can always determine the effect on price and quantity without knowing the magnitude of the shifts.

Consider the market for pens. Suppose that increased medical concerns over lead pencils have led schools
Consider the market for pens. Suppose that increased medical concerns over lead pencils have led schools

Answers

Answer: False

Explanation:
Being able to determine the effect on price would have to be circumstantial

Which sequence of HACCP principles is in the correct order?


A.


Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.


B.


Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.


C.


Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.


D.


Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.


E.


Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.

Answers

Answer:

B

Explanation:

Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .

The sequence of the first three of the seven principles are

1. Conduct hazard analysis to determine potential risks related to food protection

2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health

3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.

Answer:

B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP

Explanation:

Why is it important to use the right strategies to beat competition?:​

Answers

Answer:

Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.

What are the different systems of management in buisnesas.

Answers

Answer: Answer: Different types of management systems ranging from the point-of-sale systems, accounting systems, lead management, e-commerce, communication systems

Explanation:

The average U.S. worker is MOST likely to hold about _____ jobs between the ages of 18 and 25. Please choose the correct answer from the following choices, and then select the submit answer button. three two seven five

Answers

The correct answer is 2 to 3

Need Help ASAP
List three (3) examples of workplace documents?

Answers

Emails Letter and Business Reports

Answer:

Messages, memorandums, minutes and agendas are usually workplace documents that are prepared for internal use. That is, these documents are only used and read by people inside your organisation

Explanation:

How did speculation and margin buying cause stock prices to rise?

Answers

Speculation and margin buying cause stock prices to rise Because of margin buying, investors stood to lose large sums of money if the market turned down, or failed to advance quickly enough.

shares are a kind of safety that offers stockholders a share of ownership in a business enterprise. stocks are also called “equities. “An inventory is a well-known time period used to explain the ownership certificates of any organization. A percent, alternatively, refers to the inventory certificates of a particular enterprise. keeping a selected company's share makes you a shareholder. Description: shares are of kinds—common and desired.

Inventory is a type of investment in a company. organizations problem inventory shares to elevate money that allows you to finance operational dreams and to gasoline growth, and traders buy the one's inventory shares for the opportunity to generate a pass lower back on their investment. A percentage is an economic device that represents the aspect of ownership of an enterprise. A stock is a financial tool that represents element possession in one or greater establishments.

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