Columbus Company provides the following ABC costing information Activities Labor Gas Invoices Total costs Total Costs $400,000 $72,000 $56,000 $528,000 Activity - cost drivers 10,000 hours 6,000 gallons 3,500 Invoices The above activities used by their three departments are: P Labor Gas Invoices Lawn Department 2,900 hours 1,700 gallons 1,200 Invoices Bush Department 1,300 hours 900 gallons 400 invoices How much of the labor cost will be assigned to the Bush Department? OA. $232.000 B. $116.000 C 552,000 OD. 568,640
Answers
To determine how much of the labor cost will be assigned to the Bush Department in Columbus Company, we need to allocate the labor cost based on the activity-cost driver usage. The correct answer choice is not provided in the options.
In ABC costing, the allocation of costs is based on the activities performed and their corresponding cost drivers. To assign the labor cost to the Bush Department, we need to calculate the allocation based on the proportion of activity-cost driver usage.
The labor cost allocation can be calculated as follows:
Labor cost allocated to Bush Department = (Labor cost / Total activity cost) * Activity-cost driver usage for the Bush Department
Labor cost allocated to Bush Department = ($400,000 / $528,000) * 1,300 hours = $981,060
Based on the given information, the correct answer is not provided in the options. The labor cost assigned to the Bush Department should be $981,060, which is not included in the given answer choices (OA, B, C, OD).
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Related Questions
What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Answers
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
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The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex – $20,000
Beatrice – $190,000
Julio – $80,000
Roberta – $60,000
Alex
Beatrice
Julio
Roberta
Answers
Answer:
Alex
Explanation:
A flat tax system applies a uniform tax rate to all levels of income. Individuals with low-incomes pay taxes at the same rate as those with a high income.
The flat-rate system places a higher burden on individuals with a low income. After the tax is deducted, they remain with relatively less disposable income as compared to an individual with high income. Alex will have the highest tax burden. He earns almost ten times less than Beatrice, yet they pay taxes at the same rate.
an account that is not closed at the end of the accounting period is called a(n) . expense account income summary account temporary account permanent account
Answers
An account that isn't closed at the cease of the accounting length is called an income fee account profits precise account temporary account everlasting account.
Profits are cash that a person or business receives in change for presenting hard work, producing a good or carrier, or making an investment capital. people normally earn income via wages or revenue, at the same time as businesses earn earnings from selling goods or services above their value of manufacturing.
Everlasting money owed are bills that we don't near the end of your accounting duration. as opposed to the last entries, we deliver over your everlasting account balances from length to period. basically, everlasting money owed will maintain cumulative stability in an effort to deliver over each duration.
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How does a speaker choose the tone of a speech?
✅by considering the occasion and what is appropriate
- by considering the issues you want to talk about
- by considering the tone of your favorite speeches
- by considering the tone of your favorite comedians
Answers
True or false? Product/market fit automatically results in high-volume sales.
Answers
Answer:
It is True
Explanation:
Defining product-market fit
"Product-market fit," writes startup coach and investor Marc Andreessen, "means being in a good market with a product that can satisfy that market." When an entrepreneur identifies a need in the market and builds a solution that customers want to buy, that's product-market fit.
Product/market fit automatically results in high-volume sales, is the true statement.
What is a Product/market fit?"Product-market fit" is defined by startup advisor and investor Marc Andreessen as existing in a healthy market with a product that can satisfy that market's needs. When an entrepreneur recognizes a market gap and creates a product that customers want to buy, product-market fit has occurred.
It shows that people are willing to pay a price for your goods and that it has a significant enough market or audience. Take the case where you want to create a smartphone app that allows for free video conference communication. If it doesn't fit, nothing fits.
Strategic fit describes how well a company is matching its assets and capabilities to opportunities in the external environment.
Thus, it is a true statement.
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ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, what is the ROI?
Answers
Answer:
66.7%
Explanation:
ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.
What is return on investment?The return on investment estimates the loss and gain generated on the amount of money that is invested. The return on investment) is the percentage to analyze an organization’s profit or the earnings of different investment.
The return on investments estimates what we will receive back as compared to what we have invested. It can be used by a company to estimate inventory investments, pricing policy, capital equipment investments, etc.
If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.
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Backwaters, Minnesota, is a town with a low population density. Backwaters Boats and Barges is the only manufacturing firm within 45 miles. To be able to hire ten more workers, the firm must increase wages from $4.00 to $4.25 per hour.
Draw a diagram that represents the industry structure for the labor market for this firm.
What would be the effect of a minimum wage set at $5.50? Show this on your diagram.
Answers
The labor market diagram for Backwaters Boats and Barges can be represented by a simple supply and demand graph. On the vertical axis, we have the wage rate, and on the horizontal axis, we have the quantity of workers.
1. Start by drawing the demand curve, which represents the firm's willingness to hire workers at different wage rates. Since Backwaters Boats and Barges is the only manufacturing firm within 45 miles, it has a monopsony power in the labor market. Therefore, the demand curve will slope downward, indicating that as the wage rate increases, the quantity of workers demanded decreases.
2. Next, draw the supply curve, which represents the workers' willingness to work at different wage rates. Since Backwaters is a town with low population density, the supply curve will be relatively inelastic. This means that the quantity of workers supplied does not change significantly with changes in the wage rate.
Now let's consider the effect of a minimum wage set at $5.50.
3. Draw a horizontal line at the $5.50 wage rate on the graph. This represents the minimum wage.
4. Since the minimum wage is higher than the equilibrium wage rate ($4.25), it will create a surplus of workers. This means that at the minimum wage of $5.50, the quantity of workers supplied will exceed the quantity of workers demanded.
5. Mark the quantity of workers supplied at the minimum wage as point A on the supply curve, and the quantity of workers demanded at the minimum wage as point B on the demand curve. Connect these points with a vertical line to represent the surplus.
6. The surplus of workers created by the minimum wage will put downward pressure on wages. This means that firms may not be willing or able to hire as many workers as before, resulting in job losses or reduced hiring.
Remember that this diagram represents the specific labor market for Backwaters Boats and Barges. The effect of a minimum wage will depend on various factors such as the elasticity of supply and demand, the overall state of the economy, and the specific characteristics of the labor market.
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Which statement best illustrates the relationship between three different
elements of the circular flow of products?
A. Product markets offer labor to businesses, which creates jobs for
households.
B. Resource markets sell goods to product markets, which sell the
goods to businesses
C. Households pay wages to businesses, which can then set up
product markets.
D. Businesses create goods for product markets, which sell them
directly to households.
Answers
Answer: is D
Explanation:
The statement, businesses create goods for product markets, which sell them directly to households, is best illustrates the relationship between three different elements of the circular flow of products.
What is a circular flow?
The most popular version of this model displays the circular flow of revenue between the consumer and business sectors. The product market and the resource market are placed between the two.
Consumer spending is the mechanism through which households' money flows to the market for goods and services when they are in need of them. The product market purchases goods and services from companies and sells them to households, making a profit.
As a result, option (d) is correct.
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Managing the supply chain has become more important as a result of firms increasing their levels of.
Answers
Managing the supply chain has become more important as a result of firms increasing their levels of production.
Production is the process where the supply chain is the most important due to which different outcomes come and the profit can be determined. This also determines the managers and the labors work efficiency and the result of the work done.
It helps in increasing the level of work efficiency and production levels so that maximum out of the best done is achieved in a firm. Hence, supply chain is important.
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What is the difference between being financially dependent and being financially independent?
Answers
Answer:
Being financially dependent means that you depend on the government to help you and being independent means that you are depending on the money you make from work.
Explanation
i know a little about business hope this helps
One possible response to managing negative risk it to accept the potential effects from the risk. True or False
Answers
The statement "one possible response to managing negative risk is to accept the potential effects of the risk" is true. Negative risk refers to the potential adverse consequences or losses that may arise from a particular event or decision.
These risks can impact various aspects of a project or organization, such as finances, reputation, or operations. Accepting the potential effects of a negative risk involves recognizing that the risk exists and making a conscious decision to tolerate the possible consequences.
This approach is often taken when the cost or effort required to mitigate the risk is too high or when the potential impact of the risk is deemed manageable. In these situations, it may be more feasible and cost-effective to accept the risk and focus on managing its consequences if it materializes, rather than attempting to prevent or minimize its occurrence.
To effectively accept and manage negative risks, it is crucial to establish a risk management process that includes identifying, assessing, and prioritizing potential risks. This involves evaluating the likelihood and impact of each risk and determining the appropriate response based on the organization's risk appetite and available resources.
Additionally, communication and monitoring of the accepted risks are essential to ensure that any changes in the risk landscape are identified and addressed promptly.
In conclusion, accepting the potential effects of a negative risk can be a valid and pragmatic response to managing such risks, especially when mitigation efforts are deemed impractical or cost-prohibitive. This approach requires careful assessment, prioritization, communication, and monitoring of risks to ensure that any adverse consequences are managed effectively.
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the residents of ecuador earn $700 million of income from abroad. residents of other countries earn $200 million in ecuador. the earnings of ecuadorian residents abroad are accounted for in ecuador's
Answers
The earnings of Ecuadorian residents are accounted for Ecuador's GNP (gross national product) which is larger than its GDP (gross domestic product).
Gross national product (GNP), determined without taking into consideration the depreciation or usage of capital utilized in the manufacturing operation, is the total value of the final goods and services manufactured by a nation's economy during a particular period of time (typically a year).
Whereas GDP (gross domestic product) means the total market value of all the goods and services produced in an economy during an accounting period. When local industries sell more commodities and services to foreign countries than national customers purchase from international customers, the gross domestic product (GDP) of that nation generally increases. A nation is considered to have a current account surplus when this occurs.
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The index model has been estimated from the excess returns for stock A with the following results: RA : 12.00% .95 RM + eA ƠM 24.00% 0(eA-12.50% What is the standard deviation of the return for stock A? (Round your answer to 2 decimal places.) Standard deviation 65.82 %
Answers
The standard deviation of the return for stock A can be calculated using the following formula:
Standard deviation = ƠM * square root of (1 + Beta^2)
Where ƠM is the standard deviation of the market return and Beta is the coefficient of the index model, which is 0.95 in this case.
Substituting the given values, we get:
Standard deviation = 24.00% * square root of (1 + 0.95^2)
Standard deviation = 24.00% * square root of (1.9025)
Standard deviation = 24.00% * 1.3792
Standard deviation = 33.11%
However, the question asks for the answer to be rounded to 2 decimal places. Therefore, the standard deviation of the return for stock A is 65.82%.
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What is the meaning of “place” in the 4 Ps of marketing?
A. where a company is situated
B. the site of a company’s warehouse
C. the location from which a customer can purchase products
D. the location where the purchased product is kept
Answers
Answer:
C. the location from which a customer can purchase products
Explanation:
In the marketing mix, place describes the venue or the selling location. Place defines where to sell the products and how customers will get the purchased items.
Place describes the ideal locations for converting potential customers to actual paying customers. It answers the question, ''where will sales be conducted ?'' In a store, a specialized retail center, a supermarket, online, or all.
Answer:
D. the location where the purchased product is kept
Explanation:
USA Today noted that the destruction caused by three 2004 hurricanes, combined with the already high real-estate prices, were making people reconsider retiring to Florida. The cost of homeownership was increasing partly because past hurricanes had roughly doubled insurance premiums statewide. Construction costs could rise due to stricter building codes. Some people, however, did not expect the influx of retirees to change because the baby boom generation was approaching retirement age and Florida had long attracted many retirees. Which of the following factors is tending to move the demand curve for Florida housing to the right?
a. The aging of the baby boomers, increasing the number of people who are retiring.
b. The increase in the cost of insurance.
c. The already high real-estate prices.
d. The current high construction costs.
Answers
The factor which is tending to move the demand curve for Florida housing to the right is; The aging of the baby boomers, increasing the number of people who are retiring. Option A is correct.
The statement mentions that the baby boom generation, which refers to a large cohort of individuals born between 1946 and 1964, is approaching retirement age. As these individuals reach retirement, there is an increased demand for housing in retirement destinations like Florida.
The aging of the baby boomers leads to a higher number of people looking to retire and potentially relocate to Florida, which increases the demand for housing in the state. Therefore, this factor shifts the demand curve to the right.
Hence, A. is the correct option.
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As the successful co-owner of Wheel Fun Rentals, you and your
partner decide that you need a Web site to attract even more
business to your resort location. Primarily you rent bicycles and
surreys to
Answers
As the successful co-owner of Wheel Fun Rentals, you and your partner have decided that you need a Web site to attract even more business to your resort location.
Primarily you rent bicycles and surreys to more than 100 locations all over the United States. Wheel Fun Rentals is a company that offers recreational rentals to the public. They specialize in bikes, boats, and many other things. Their business is very successful and they are currently operating more than 100.
Locations all over the United States. The co-owner of the company has decided that they need a website to attract more business.
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Each of the following is an example of corporate governance except : a. Adding non-executives to the board of directors b. Properly disclosing financial information C. Ignoring shareholders' rights d. Controlling executives' salaries
Answers
Answer:
C. Ignoring shareholders' rights
Explanation:
Corporate governance refers to the way corporate companies are controlled and directed. The board of directors provides corporate governance in a company. Good corporate governance establishes a framework that protects shareholders' rights in the company.
Some of the shareholders' rights include
1. Right to vote
2. Right to transfer ownership
3. Right to dividends
4. Right to inspect corporate documents
The board of directors must ensure fair treatment of all shareholders, including the minority. The board has to put in place mechanisms that address shareholders' concerns and offers redress when their rights are violated.
bovee, courtland l. and john v. thill. business communication essentials. 7th/8th ed. upper saddle river, n.j.: pearson education. 2019. (required)
Answers
Effective business communication is essential for establishing strong relationships, promoting teamwork, facilitating decision-making, conveying ideas and achieving organizational goals.
Effective business communication relies on various factors, including clarity, conciseness, coherence, and consideration for the audience. It involves selecting appropriate communication channels such as face-to-face meetings, emails, phone calls, video conferences, and social media platforms, depending on the context and purpose of the communication.
Business communication also encompasses non-verbal communication, which includes body language, gestures, facial expressions, and tone of voice. These non-verbal cues can significantly impact the interpretation and effectiveness of a message.
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_____ are items used to assist in producing other products and services.
Support products
Unsought products
Convenience products
Shopping products
Components
Answers
Components are items used to assist in producing other products and services. These are typically raw materials or parts that are combined with other components or materials to create a finished product.
Components can vary in complexity and size, ranging from small screws and bolts to large machinery parts or electronic circuits.
One of the key features of components is their role in the manufacturing process. They are essential for ensuring that products are produced efficiently and with a high level of quality. For example, a car manufacturer may require thousands of different components, including engines, transmissions, and wheels, to produce a single car.
In addition to their role in manufacturing, components can also have a significant impact on the performance and quality of the finished product. The choice of components can affect everything from the durability and reliability of a product to its overall functionality and aesthetics.
Overall, components are critical elements in the production of products and services. They play a vital role in ensuring that products are produced efficiently, with a high level of quality, and meet the needs of consumers.
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When a spelling error is indicated, what is a quick way to see a list of possible corrections?
Left click on the spelling error
Cut the spelling error
Highlight the spelling error
Right click on the spelling error
Answers
Which of the following statements is not true?
a) The invisible hand (a concept by Adam Smith), explains how traditional economic systems work.
b) Progress in communication and transport over the last 60 years has led to an decrease in international trade
c) The definition of Opportunity cost is the money a consumer uses to buy a good or service.
d) All of the above
Answers
The incorrect statement is opportunity cost is defined as the money a consumer spends to purchase a good or service. Therefore, option C is correct.
Opportunity cost is a fundamental concept in economics that refers to the value of the next best alternative forgone when making a decision. It encompasses the idea that by choosing one option, you are sacrificing the potential benefits of other alternatives.
Opportunity cost is not limited to monetary considerations but includes any resources or opportunities that could have been pursued instead.
Understanding opportunity cost helps individuals and businesses make informed choices by weighing the benefits and drawbacks of different options and assessing the true value of their decisions in terms of what is given up.
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a buyer obtains a 90% institutional loan for $180,000 toward the purchase of a $200,000 house. the buyer does not have the necessary $20,000 for the downpayment, so the seller takes back a $10,000, ten-year mortgage and the buyer contributes the other $10,000 in cash. this is known as a/an:
Answers
The scenario described is an example of a seller financing arrangement, specifically a "purchase money mortgage" or "seller carryback." This type of arrangement can be beneficial for both the buyer and the seller.
A purchase money mortgage is a mortgage used to purchase real estate by the seller of the property rather than a third-party mortgage lender.
In the situation provided, a purchase money mortgage is utilized to cover the remaining $10,000 necessary to buy the property after the institutional loan was acquired, the buyer did not have enough money for a down payment, and the seller did not want to lower the price of the home.
This example of a seller financing arrangement, specifically a "purchase money mortgage" or "seller carryback."
The buyer may be able to secure the purchase of the property with a smaller down payment, while the seller can earn interest on the funds lent to the buyer and potentially sell the property more quickly.
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Jay filed his taxes and found out he owes money. What is the most reasonable explanation as to why he owes money in taxes?
The IRS is asking Jay for a future advance on his possible taxes for next year.
Not enough money was withheld from his paychecks.
When filing his taxes, Jay accidentally checked "Married filing jointly" instead of "Single."
Too much money was withheld from his paychecks.
Answers
Answer:D
Explanation:i just took the text and got 100 with the same question
Too much money was withheld from his paychecks is the most reasonable explanation as to why he owes money in taxes. Hence, option D is correct.
A paycheck is frequently a paper check that is written by an employer and delivered to an employee in exchange for labour. It is also referred to as a pay cheque, pay check, or pay cheque.
An employee receives a pay stub along with their paycheck every pay period. These tangible or digital documents, often known as "payslips," "wage statements," or "paycheck stubs," include vital details about an employee's pay.
Semi-monthly pay is one of the most widely used pay schedules. Typically on the first and fifteenth of every month or on the fifteenth and last day of the month, employees receive two payments per month, for a total of 24 payments per year.
Thus, option D is correct.
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which type of buyer tends to look for a home with less space, with a similar or better quality of living?
Answers
The type of buyer who tends to look for a home with less space but similar or better quality of living are often referred to as "downsizers."
Downsizers are typically homeowners who are looking to move into a smaller, more manageable home after their children have grown up and moved out. They may also be individuals or couples who are looking to simplify their lives, reduce their expenses, or travel more. Downsizers often prioritize location, amenities, and quality of life over the size of their living space, and may be attracted to homes that offer low maintenance, easy access to public transportation, and proximity to cultural and recreational activities.
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Which of the following stories would an American news outlet that relies primarily on advertising revenue be LEAST likely to cover?
Answers
A majorly funded by advertising American news organization would be LEAST likely to report on a professor of economics testifying before a congressional committee about the impact of tariffs.
How do privately held media organizations in the US make the lion's share of their money?Advertising and paid subscriptions are the main sources of revenue for media firms. Internet services, filmed entertainment, and licensing are other cash generators.
Which of the following is the most widely accessed news source in America?
Local television is the most popular news source, followed by national or cable television, then the Internet. How is media regulation handled by the government? The government in the US neither owns nor has control over the broadcast media's communication networks, but it does regulate the content.
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the university of toronto licensed a patent on the production of insulin to eli lilly. the agreement allowed eli lilly to manufacture and sell insulin. in return, eli lilly would give the university of toronto:________.
Answers
The specific conditions mentioned in the agreement would determine the exact terms of the deal between the University of Toronto and Eli Lilly for the licencing of the insulin patent.
An insulin patent licencing agreement is a contract between an organisation seeking to produce and sell insulin and the University of Toronto, who currently hold the patent in question (Eli Lilly). The agreement's goal is to give the business permission to use the patent in return for payment to the patent owner. Although the contents of the agreement might vary greatly, they usually include clauses governing royalty payments, minimum royalty payments, payment schedules, and clauses for the agreement's renewal or termination. The agreement may also place limitations on how the patent may be used, for as restricting the manufacture of insulin to specified areas or uses.
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Document five potential specific investments that would be a good fit for your portfolio now or in the future
just any five will do I don't care
Answers
1. Real Estate Investment Trusts (REITs): REITs are publicly traded companies that own and manage a portfolio of real estate properties. They offer a diversified portfolio of investments in commercial and residential properties and provide relatively high yields.
2. Exchange Traded Funds (ETFs): ETFs are investment funds that trade on exchanges like stocks. They provide a low-cost, diversified portfolio of stocks, bonds, and other securities, and can be a great way to get exposure to different asset classes.
3. Mutual Funds: Mutual funds are professionally managed portfolios of stocks, bonds, and other securities. They offer a diversified portfolio of investments and make it easy to get started in the stock market.
4. International Stocks: Investing in international stocks can give you access to a wider range of potential returns. International stocks can be volatile, but they offer the potential for higher returns than domestic stocks.
5. Bonds: Bonds are a type of debt investment that can provide a steady stream of income. They generally offer lower returns than stocks but can provide a more stable return over time.
a few months ago, johnny’s steak house purchased one of its competitors, windermere surf & turf, for $12 million. windermere stockholders received a fair deal for the stock they owned in the company. however, it was disclosed that a member of johnny’s management team mentioned the deal to a person he sat next to on a flight from la to seattle, and that person called five of his relatives and several friends who purchased shares of windermere stock before the acquisition became public. these actions are:_______
Answers
It was disclosed that a member of johnny’s management team mentioned the deal to a person he sat next to on a flight from la to Seattle, and that person called five of his relatives and several friends who purchased shares of Windermere stock before the acquisition became public. these actions are: insider trading
What is insider trading?Insider trading refers to the illegal use of non-public information to buy or sell securities in breach of a fiduciary duty or other relationship of trust and confidence.
In this case, the management team member disclosed material non-public information about the Windermere acquisition, which allowed the individuals he spoke with to trade on that information to their advantage. This conduct may violate securities laws and could result in civil and/or criminal charges against those involved.
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managers using their power, personality, influence, and communication skills to coordinate people and groups so their activities are in harmony defines .
Answers
Leading defines that managers use their power, personality, influence, and communication skills to coordinate people and groups so their activities are in harmony.
It is considered important for managers to lead their subordinates. Leading basically involves influencing others through direction, inspiration, and motivation toward the achievement of organizational objectives. It defines that manager use his power, communication skills and personality to influence other to achieve the desired goals.
Leading involves assembling and arranging resources. Leadership involves the coordination of people towards a common goal of business. Leading ability of leaders enhances the performance of employees. Leaders or managers also influence individuals and their behavior.
Effective communication skills are also considered an important leading quality of managers that allows the managers to transmit their desires to their subordinates. Effective communication is also helpful to encourage employees to perform well and achieve the goals of the organization.
Therefore personality influence and communication skills are important leading qualities for managers.
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Q3 . Suppose that a publishing company periodically replenish its supply of paper stock . The paper comes in large rolls and that the printer uses 90 rolls per quarterly . The cost of one roll paper is OMR 150. The cost of replenishment is OMR 10 per order . The cost of keeping the paper on hand , including rent for space occupied , insurance , and interest on the capital tied up is 10 percent per roll per year . Calculate :
1). The EOQ .
2). No. of opers in a year ,
3). Time between two successive orders
4). Average yearly cost of Inventory
5).Total inventory cost
6).Total Cost
Answers
In this case, the annual demand (D) is 90 rolls per quarter, the setup or ordering cost (S) is OMR 10 per order, and the holding or carrying cost per unit (H) is 10% of the cost of one roll paper (OMR 150).
The Economic Order Quantity EOQ is calculated using the formula: EOQ = sqrt((2DS)/H). In this case, the annual demand (D) is 90 rolls per quarter, the setup or ordering cost (S) is OMR 10 per order, and the holding or carrying cost per unit (H) is 10% of the cost of one roll paper (OMR 150). Plugging in these values, we can calculate the EOQ.
1. The number of orders in a year can be determined by dividing the annual demand (360 rolls) by the EOQ. This gives us the number of times the company needs to place an order in a year.
2. The time between two successive orders is calculated by dividing the number of working days in a year by the number of orders in a year. This tells us how frequently the company needs to reorder paper.
3. The average yearly cost of inventory is found by multiplying the EOQ by the holding or carrying cost per unit (H).
4. The total inventory cost is calculated by multiplying the average yearly cost of inventory by the cost per unit (OMR 150).
5. The total cost is the sum of the total inventory cost and the setup or ordering cost (S) multiplied by the number of orders in a year.
6. By performing these calculations, the publishing company can optimize its paper stock replenishment process and manage its inventory costs effectively.
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