The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet for 500 people, they did not have enough knives. She decides she needs to order some more silverware, but wants to take advantage of any quantity discounts her vendor will offer. > For a small order (2,000 pieces or less) her vendor quotes a price of $1.80/piece. >If she orders 2,001 to 5,000 pieces, the price drops to $1.60/piece. >5,001 to 10,000 pieces brings the price to $1.40/piece, and > 10,001 and above reduces the price to $1.25/piece. Lisa's order costs are $205 per order, her annual holding costs are 5%, and the annual demand is 47,000 pieces. For the best option (the best option is the price level that results in an EOQ within the acceptable range): a) What is the optimum ordering quantity? units (round your response to the nearest whole number). What is the annual holding cost ?
What is the annual holding cost ?
What is the annual costs of silverware itself with an optimal order quantity ?
What is the total annual cost, including ordering,holding and purchasing the silverware ?

Answers

Answer 1

The total annual cost, including ordering, holding, and purchasing the silverware is $60,221.

How to find?

Optimum Ordering Quantity EOQ is calculated using the following formula EOQ = √(2DS / H).

Here,

D = Annual Demand = 47,000

H = Annual Holding Cost = 5% of silverware cost

S = Cost of the silverware,

S = $1.25 as per the given data.

Substituting the values, EOQ = √(2 × 47,000 × $1.25 / 0.05)

EOQ = 2357.02 ≈ 2357.

Therefore, the optimal order quantity is 2357 units.

Annual Cost of Silverware Itself with Optimal Order Quantity = (D × S) / EOQ + (EOQ × H) / 2.

Substituting the values-

Annual Cost of Silverware Itself with Optimal Order Quantity = (47,000 × $1.25) / 2357 + (2357 × 5) / 2

Annual Cost of Silverware Itself with Optimal Order Quantity = $312.61 ≈ $313.

Therefore, the annual cost of silverware itself with an optimal order quantity is $313.

Total Annual Cost, Including Ordering, Holding and Purchasing the Silverware, The total annual cost, including ordering, holding, and purchasing the silverware is calculated using the following formula.

Total Annual Cost, Including Ordering, Holding and Purchasing the Silverware = (D × S) + (D / EOQ) × C + (EOQ × H) / 2.

Substituting the values, Total Annual Cost, Including Ordering, Holding and Purchasing the Silverware = (47,000 × $1.25) + (47,000 / 2357) × $205 + (2357 × 5) / 2

Total Annual Cost, Including Ordering, Holding and Purchasing the Silverware = $60,220.88 ≈ $60,221.

Therefore, the total annual cost, including ordering, holding, and purchasing the silverware is $60,221.

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Related Questions

discuss THREE contributing factors that led to xenophobia​

Answers

Answer: Unemployment, poverty, lack of conflict resolution

Explanation:

Xenophobia is a dislike that citizens of a country show to immigrants who settled in the same country. The following are three causes of xenophobia

1) Unemployment; this happens when the citizens of the country don't have the best of jobs compared to the immigrants, this may be due to how well qualified the immigrants are over them. In some cases, this immigrants study further, get more papers to get better jobs, while the some citizens may not want that.

2) Poverty; poverty is a general problem through the world. This could lead to xenophobia, especially when the citizens realize the immigrants have a better life than them.

3) lack of conflict resolution; the government should be able to resolve the slightest form of conflicts among this two parties(citizens and immigrants) because when they are not resolved from the minor issue they are, they escalate to xenophobia.

what is the relationship among job,employment and education?​

Answers

Answer:

i know it

Explanation:

Job/employment are the same for all intents and purposes.

The relationship between employment and education is a most obvious one.

First of all, “education” is not limited to just a college education. It includes (but is not limited to): trades, industry management track training, apprenticeships, as well as college.

When a prospective worker has knowledge, skills, abilities, and education (KSAEs), he/she increases his potential for better paying jobs. The more he/she increases those KSAEs the higher his/her job prospects go.

This is pretty much job/employment 101.

plz mark my answer to brainliest answer

Answer: n every single 1 we r learning sum and we r doing sum new

Explanation:

Used car sellers often offers warranties. Which of the following concepts explain this behavior best? O a. Signalling. O b. Moral hazard. O c. None of the choices. O d. Risk pooling. e. Risk aversion.

Answers

The concept that best explains the behavior of used car sellers offering warranties is a. Signalling.

Signalling theory suggests that warranties serve as a signal of the quality or reliability of the used car. By offering a warranty, the seller is conveying information to potential buyers that the car is in good condition and unlikely to have major issues. This signal helps to overcome the information asymmetry problem between the seller, who has more information about the car's condition, and the buyer, who may be hesitant to purchase a used car due to concerns about hidden defects.

Moral hazard (b) refers to the behavior that may occur after a transaction has taken place, where one party takes on greater risks or engages in negative behavior because they are insulated from the consequences. This concept is not directly related to the decision of offering warranties.

Risk pooling (d) and risk aversion (e) are more applicable to insurance or collective risk-sharing arrangements, where individuals pool their risks to protect against potential losses. While warranties may involve elements of risk pooling, it is not the primary concept that explains why used car sellers offer warranties.

Therefore, the most suitable concept that explains the behavior of used car sellers offering warranties is signalling (a).

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assume a linear demand curve. the demand curve intersects the price axis at $10. the price of the good is $2 and the quantity sold is 20. calculate the consumer surplus.

Answers

Answer:

80

Explanation:

You use the area of a triangle formula (1/2b*h). In this case the base would be 20 (quantity demanded) and the height would be 8 (10-2).

The consumer surplus is $80

The demand curve is a curve that shows the relationship between the quantity demanded and the price of a good. The demand curve is downward sloping because quantity demanded is negatively related to the price of the good.

Consumer surplus is the difference between the highest amount a consumer is willing to pay for the good and the price of the good. Looking at the attached image, the consumer surplus is represented by the triangle formed under the area of the demand curve.  

Consumer surplus can be determined by calculating the area of the triangle.

Area of a triangle = 0.5 x base x height

Base = 20 = quantity sold

Height = $10 - $2 = $8

Consumer surplus = 0.5 x 20 x $8 = $80

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assume a linear demand curve. the demand curve intersects the price axis at $10. the price of the good

The housing market has collapsed. banks are becoming very restrictive in their lending practices. which action would the federal reserve take to encourage banks to increase lending to home buyers? increase federal funds rate. lower reserve requirements. sell government securities. raise the discount rate.

Answers

The real estate sector is in disarray. The Federal Reserve may take action to encourage banks by easing reserve requirements as they become considerably more strict in their lending rules.

What is meant by federal funds?

Any money received directly from the federal government is considered a federal fund and is listed as such in the "Detail of Appropriations" section of the governor's budget. Any organization or department may use these monies however they see fit. The interest paid on a federal funds overnight loan between financial institutions is known as "federal funds," and it is used to refer to money that commercial banks and other financial institutions have on deposit with a regional Federal Reserve System.

How Does the Federal Funds Rate Work?

The federal funds rate is the interest rate that banks charge one another when lending or borrowing excess reserves overnight. 8 According to the legislation, banks must maintain a minimum amount of reserves in relation to their deposits. This reserve requirement is stored at a Federal Reserve Bank.

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Answer:Lower Reserve Requirments

Explanation:i took the test

Which of the following describes what test engineers do?
determine appropriate audiences for product evaluation

design specifications for product development

analyze functionality of products

identify the appropriate tools for product evaluation

Answers

Answer:

Explanation:C

Answer:

its c they analyze functionality of products

Explanation:

An earned education certificate track
after an individual has successfully
completed the necessary course
requirements for a particular field at a
community college

Answers

associates degree !!!!!!!

Which of the following vehicles is covered by liability coverage under the personal auto policy? a uninsured owned vehicle b motorcycle c company car

Answers

The vehicles are covered by liability coverage under the personal auto policy are the non-owned golf cart. Thus, option (d) is correct.

What is liability?

The term “liability” refers to a company's indebtedness to third-party creditors. The obligations include notes payable, bank debt, accounts payable, wages payable, accrued expenses, and taxes payable.

According to the Arizona law, the liability of the insurance on their vehicles as, including golf cart operators. It was the mainly designed for the use off public roads. It was the coverage under the policy.

Therefore, option (d) is correct.

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Your question is incomplete, but most probably the full question was.

A. Uninsured owned vehicle Company car

B. Motorcycle

C. Company car

D. Non-owned golf cart

Which statement best defines tuition?

Tuition is federal money awarded to a student.
Tuition is aid given to a student by an institution.
Tuition is money borrowed to pay for an education.
Tuition is the price of attending classes at a school.

Answers

Answer:

D

Explanation:

Edge 2021

The statement that best describes tuition is the price of attending classes at a school.

What is tuition?

Tuition is the payment made by a student for instruction or lessons received at a college or university. The tuition payed by a student depends on:

the complexity of the course: the more complex the course is, the higher tuition would be.the duration of the course: the longer the course is, the higher tuition would be.

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If an increase in the price of good e leads to a large decrease in the demand for good f, what is the relationship between the two goods?.

Answers

Goods E and F are probably complimentary goods if a rise in the price of item E results in a significant fall in the demand for good F.

Thus, When two products are used or consumed together, they are said to be complementary.

The fact that demand for one product declines as the price of the other good rises shows that the two goods are frequently consumed together and that a change in one good's price has the opposite effect on the demand for the other.

If good E is coffee and good F is creamer, for instance, a rise in the price of coffee (good E) may result in a drop in the demand for creamer (good F), since consumers may decide to buy less coffee.

Thus, Goods E and F are probably complimentary goods if a rise in the price of item E results in a significant fall in the demand for good F.

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Make a business plan with a :

Detail of Sale.
Name
Cost price of products
Selling price
Expected Profit
Target market
Capital
1How much is required??
2From where are you going to get it from
Marketing strategy
Products for sale​

Answers

gggggggggggggggggggggggggggggggggggggggggggggggggggggggg

A business must decide whether to open a new office in China. If it opens the
branch, it will increase its chances of selling a high volume of its products in
China. On the other hand, the business will have to spend a lot of money to
make the branch operational.
What would be an opportunity cost for the business if it chooses to open the
new branch in China?
A. The business could not use the money it spends on the new
branch for something else.
B. The business would be able to increase the selling prices for most
of its products.
C. The business would have to spend all its money making new
Chinese products.
D. The business would be able to easily sell its products to many new
customers.

Answers

Answer: A. The business could not use the money it spends on the new

branch for something else.

Explanation:

Opportunity cost simply means the cost of what one forgoes when an alternative decision is taken.

Since the business chooses to open a new branch in China, the opportunity cost will be the money that the business could have spent on something else.

Therefore, the correct option is A.

major differences between service companies and retail or manufacturing companies is that retailers and manufacturers must account for

Answers

The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;

Inventory and Cost of Goods

Inventory refers to the goods in stock which the business wishes to sell in order to make a profit from.

Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.

The same is not applicable to service companies because they do not have physical goods to sell.

Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.

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List and explain four ways an entrepreneur can help his or her local
community

Answers

Answer: 1) Sponsor non-profit organizations in the community. ...

2) Incorporate volunteering in the company mission. ...

3) Design a business model that gives back. ...

4) Contribute to the local economy. ...

5) Promote local businesses.

Explanation:

I hope this helps!

Lillian's company has distributed a guidebook on using inclusive language that does not discriminate. This information will help her, and her coworkers follow what kind of guidelines?
group dynamics

conflict resolution

business hierarchy

business etiquette

Answers

Answer:

the answer is business etiquette

Explanation:

i just did the test and got 100 percent

A manual on employing nondiscriminatory language that is inclusive was issued by Lillian's employer. She and her employees will be better able to follow business etiquette thanks to this information. Hence, Option D is correct.

What are  business etiquettes?

The terms "business etiquette" and "social and business etiquette" relate to the standards and expectations of behavior in both contexts, the customary behaviors and conduct, and a professional code of ethics. All that's required is that one must act politely.

It is customary to behave in certain ways at work, and this is governed by a code of conduct. "Respect and protect time, people, and processes" is the goal of this code. Standard business etiquette is not universally accepted and can differ depending on the setting.

Therefore, Option D is correct.

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1. Why is career education so important for teens?

Answers

Because in the future it will help you decide what you want to do

Stefani and Tyler agree in an exchange of e-mail to form a partnership to buy and sell real property. Their partnership agreement is legally binding

Answers

True, Stefani and Tyler agree in an exchange of e-mail to form a partnership to buy and sell real property. Their partnership agreement is legally binding.

An agreement formed through an exchange of emails can be legally binding as long as it meets the requirements of a valid contract, including offer, acceptance, consideration, and a meeting of the minds. In this case, Stefani and Tyler agreed to form a partnership to buy and sell real property, which would likely satisfy the requirements of a valid contract. It is important to note that the laws governing contracts can vary by jurisdiction, so it is always advisable to consult with a legal professional to ensure that a contract is enforceable.

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Explain the pros and cons of a national bank. What type of system de we have? Why?

Answers

Currently, the United States operates under a Federal Reserve System, a central banking system that manages monetary policy and regulates financial institutions. This system was established to prevent banking panics and ensure economic stability, balancing the pros and cons of a national bank.

What is national Bank

A national bank can offer several pros and cons. The pros include economic stability, centralization of monetary policy, and increased lending capacity. The cons involve potential political influence, reduced competition, and potential risk of "too big to fail."

Economic stability is achieved by controlling inflation and ensuring a stable currency, while centralized monetary policy enables efficient implementation of fiscal decisions.

Increased lending capacity supports economic growth through accessible loans to businesses and individuals. On the other hand, political influence can compromise the national bank's independence, leading to biased policies.

Reduced competition might limit financial innovation and customer choice. The "too big to fail" risk occurs when a national bank's failure would severely impact the economy, necessitating government intervention.

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a broker-dealer is registered in both state a (where it has an office) and state b (where it doesn't have an office). if the administrator of state b determines that the broker-dealer is insolvent, what action can it take?

Answers

If the administrator of State B determines that a broker-dealer registered in both State A (where it has an office) and State B (where it doesn't have an office) is insolvent, it can take regulatory action to protect investors and the integrity of the securities market.

When the administrator of State B finds that a broker-dealer is insolvent, it can initiate several actions depending on the specific laws and regulations of the state. The administrator may begin by conducting an investigation to gather evidence and assess the extent of the insolvency. This investigation may involve reviewing financial records, interviewing relevant parties, and consulting with other regulatory authorities or industry experts. Once the insolvency is confirmed, the administrator can take various regulatory actions to protect investors. These actions may include suspending or revoking the broker-dealer's registration, which effectively prohibits them from conducting securities-related activities in the state. The administrator may also freeze the broker-dealer's assets or appoint a receiver to manage and distribute the remaining assets in an orderly manner. This helps ensure that investors are treated fairly and that any remaining funds or assets are appropriately handled. Additionally, the administrator may notify other regulatory agencies, such as the Securities and Exchange Commission (SEC), and cooperate with them in addressing the insolvency situation. This collaboration can facilitate a coordinated response and ensure that investors in other states are also protected from potential harm. Overall, when a broker-dealer registered in multiple states, including State B, is found to be insolvent by the administrator of State B, regulatory actions can be taken to safeguard investors, maintain market integrity, and mitigate the financial impact of the insolvency.

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Answer ASAP
An entrepreneur wants to start a bakery. He wants to make a sales forecast for his first six months in business, so he obtains the sales records for all the successful bakeries in his state and uses the monthly average for his forecast. What mistake is he making in this process? A. It is impossible to make an accurate sales forecast for a new business, and attempting to do so will only set him up for failure and disappointment. B. He should not use data from bakeries in his own state, as it is unlikely that they will report accurate estimates to their potential competitor C. He should be looking at sales records for all the successful bakeries in the country, not just in his state. D. It is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.​

Answers

The Mistake is he making in this process it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.​ The correct option is D.

What is the importance of sales forecasting?

A precise sales forecast enables businesses to efficiently allocate resources for future growth while also managing cash flow. Forecasting sales help create benchmarks for future trends and allow executives to make early course corrections. Revenue executives can optimize for more wins by aligning sales quotas with revenue goals.

Make a list of the products and services you offer. Estimate how much of each you anticipate selling. Define the unit price or monetary worth of each sold good or service. Divide the number of units sold by the price. Determine the cost of producing and selling each commodity or service.

Thus, the ideal selection is option D.

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Answer:

option d

Explanation:

it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months

Flex Company just paid total dividends of $1,125,000 and reported additions to retained earnings of $3,375,000. The company has 735,000 shares of stock outstanding and a benchmark PE of 17.5 times. What stock price would you consider appropriate

Answers

For the appropriate stock price for Flex Company, we can use the dividend discount model. First, we need to calculate the total dividends per share by dividing the total dividends paid ($1,125,000) by the number of shares outstanding (735,000):

Total dividends per share = $1,125,000 / 735,000 = $1.53 per share

Next, we can use the benchmark PE ratio of 17.5 times to calculate the expected earnings per share (EPS) for Flex Company:

Expected EPS = Stock price / PE ratio

Multiplying both sides by the PE ratio:

Stock price = Expected EPS x PE ratio

Using the additions to retained earnings ($3,375,000) and the number of shares outstanding (735,000), we can calculate the earnings per share:

EPS = Additions to retained earnings / Number of shares outstanding

EPS = $3,375,000 / 735,000 = $4.59 per share

Now we can substitute the values we have calculated into the formula for stock price:

Stock price = $4.59 x 17.5 = $80.33 per share

Therefore, based on the dividend discount model and using a benchmark PE ratio of 17.5 times, we would consider an appropriate stock price for Flex Company to be $80.33 per share.

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A small group of consumers that come into a facility to try new products while being observed is called ________.

Answers

A small group of consumers that come into a facility to try new products while being observed is called Focus Group.

What does focus group do?

A focus group is a type of research method that involves a group of people who are brought together to discuss a product, service, or concept. The group is usually composed of 8 to 10 people and is led by a moderator. The purpose of the focus group is to gain insights into the attitudes and behaviors of the target audience. During the session, the moderator will ask questions to the group and guide the discussion in order to gain a better understanding of their opinions and preferences. The group’s responses are then analyzed and used to inform marketing decisions. Focus groups can be used to test new products or services, develop marketing campaigns, and explore customer reactions to a variety of topics.

Focus groups are often used in fields such as market research, public opinion research, and social research.

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Two countries have identical resources. Each produces good X (on the x-axis) and good Y (on the y-axis) in autarky. Country A's PPF has vertices at points (8,0) and (0,8), and Country B's PPF has vertices at points (0,3) and (6,0). Which of the following is true?
A. Country A has the comparative advantage in good Y.
B. Country B has the absolute advantage in good Y.
C. Country B has the comparative advantage in good Y.
D. Country A has the comparative advantage in good X.

Answers

The correct answer is C. "Country B has the comparative advantage in good Y."


Comparative advantage is determined by the opportunity cost of producing a good. In this case, we can see that Country B's PPF has a steeper slope for good Y compared to good X, while Country A's PPF has an equal slope for both goods. This means that for Country B, the opportunity cost of producing good Y is lower than for Country A. Therefore, Country B has the comparative advantage in producing good Y.
Absolute advantage, on the other hand, is determined by which country can produce more of a good with the same resources.

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Heyeyeyeyeyeyeyeyeyeyeyeyeyeyeyeyey

Answers

Answer:

hey thxfrpoints xoxo

Explanation:

What are personal loans?

Answers

Answer:

personal loan is a specific amount of money you can borrow from the bank, with a fixed interest rate and you pay it back within a predetermined amount of time. 

Who heads each of the branches of federal reserve banks and looks after their functioning?

Answers

Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.

Answer:

Board of Governors

Explanation:

Double entry Received commission by Cheque

Answers

Answer:

congratulations sirr

Explanation:

ask any question or queries not other things

sorry if this was hurtful to you

Need Help ASAP

How do you demonstrate independence and initiative in your daily life? Discuss examples. Write 4 sentences. First, define the terms: independence & initiative. Then give me examples of each.

Will give brainly.

Answers

Answer:

I. Never stand still

2. Do more than is Required of you

3. Think as a team Member, Not an Employee

4 Speak up and share your ideas

5 Fake it till you make it

6. Consider every opportunity

7. Always be prepared

8. Be Self-Pronotional

Explanation:

Hope this helps! Tell me if I'm wrong. If thai Helps Give me brainly.

What was the impact on the number of months it will take Janet to pay off her loan?

Answers

The impact of the number of months on Janet's loan repayment translates into more money.

When someone applies for a loan in a bank, they must take advantage of some conditions that the bank has to be able to disburse the amount of money that they require.

One of them is that you accept the interest on the loan. Banks generally put an interest that is equivalent to a small percentage of the total loan. For example:

Janet's loan is for $ 5,000 and the interest is 1.2%. Therefore, each month Janet must pay a fee (depending on the number of months in which she has divided the loan payment) and 1.2%.

So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.

Note: This question is incomplete because there is some information missing. However I can answer it based on my prior knowledge.

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Answer:$ 60.

Explanation:

So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.

The allowance for doubtful accounts is a(n) (current/contra/opposite) asset account and has a normal credit balance.

Answers

Answer:

contra

Explanation:

because its true

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