Answer:
C.
Explanation:
It is the company's liability until the customer takes posession.
Answer:
Option "C" is the correct answer to the following statement
Explanation:
In the following situation, Jayson Company should record a liability of $700 until the customer gets his or her TV.
the customer gives order and full payment to Jayson Company of $700 on October 10 and receive his or her order on October 17.
So, $700 is a liability for Jayson Company and assets for the customer.
A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and their length of time past due is the:
Answer:
The answer is aging of accounts receivable method.
Explanation:
This method helps accountants in determining how much of a company’s account receivables would not be collected. This is related to unpaid invoices of a company’s customers. Though invoices usually have due dates, according to the company, customers who haven’t paid even after the due date has passed must be calculated using this method for more accurate accounting reporting.
Jill graduated with an MBA during a severe economic recession. She accepted a job as a trainer for a major national bank. Jill was one of the top candidates when she was hired by the bank. Three months into her job, she feels that the individual bank customers are not valued, and that the bank engages in misleading advertising. This is an example of _____. a. poor person/organization fit b. a realistic job preview c. negligent hiring d. a snap judgment
Your question asks which answer choice best describes the experience that Jill went through.
Answer: A). poor person/organization fitThe reason why answer choice "A). poor person/organization fit" would be the correct answer because this is specifically describing Jill's experience at the bank.
Top national banks in the world tend to have the concepts of "not really valuing customers" and has "misleading advertising"--they do this because they need business, and it would also be called "tactics" in order to get customers to choose their bank. Most banks wouldn't be very successful if they didn't use tactics like that, but Jill is seeing how the "tactics" are in her job.
It's an example of a poor person/organization fit because Jill is not fitting in to what the organization is doing in order to get business, and all it is at the end of the day is business. The bank is doing it from a "business perspective", but Jill thinks otherwise. Therefore, she isn't really fitting in to the organization and their plans of making business.
I hope this helps!Best regards,MasterInvestorJill's experience at the bank represents a poor person/organization fit, as her values do not align with those of the organization.
Jill's situation, where she feels the individual bank customers are not valued and that the bank engages in misleading advertising, is an example of poor person/organization fit. Person-organization fit refers to the degree to which an individual's values, personality, goals, and other characteristics align with those of the organization. Given that Jill was one of the top candidates when she was hired by the bank, it's not likely that her discomfort is a result of negligent hiring or a snap judgment by the bank. Instead, the mismatch between Jill's expectations and the bank's practices suggests a lack of person-organization fit, irrespective of a realistic job preview or not.
Which of the following are good opportunities to use clustering? (Select all that apply) a. An airline would like to use customer demographic data to predict which customers are likely to “no-show” for its flights, i.e., buy a ticket but not actually show up to the airport. b. After running a survey asking customers what services they would like to see, an insurance company wants to design 4-5 personalized products to market to new customers. c. A marketing consulting firm would like to segment consumers into a small number of groups to help its clients understand consumer needs. d. A university would like to identify small number of metrics to track to ensure they are progressing towards their strategic goals.
Answer: the correct answer is c. A marketing consulting firm would like to segment consumers into a small number of groups to help its clients understand consumer needs.
Explanation:
Cluster analysis is an exploratory analysis that tries to identify structures within the data. Cluster analysis is also called segmentation analysis or taxonomy analysis. More specifically, it tries to identify homogenous groups of cases if the grouping is not previously known.
Home expenses can be divided into which two categories
Final answer:
Home expenses are broadly categorized into fixed expenses, which remain constant each month, and variable expenses, which can fluctuate. These include regular payments like mortgage or rent, and varying costs like utilities and food. Budgeting for these expenses is crucial for managing household finances effectively.
Explanation:
Home expenses can typically be divided into two primary categories: fixed expenses and variable expenses. Fixed expenses are those regular monthly bills that tend to stay the same, like rent or mortgage payments, insurance, and property taxes. On the other hand, variable expenses can fluctuate from month to month, such as the cost of utilities (like the power bill and heating bill), food consumption (both food at home and food away from home), and the costs associated with unexpected repairs and maintenance.
Following the data from the Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics in 2015, the average U.S. household spent a significant portion of their budget on housing-related expenses. It is important to manage these costs effectively by creating a family budget that accounts for both fixed and variable expenses, ensuring that there is an understanding of how much money is needed each month for essential expenditures and how much can be allocated to discretionary spending or saving for the future.
All Rite Manufacturing reported the following:
Revenue $ 460,000
Beginning inventory of direct materials, January 1, 2015 26,000
Purchases of direct materials 157,000
Ending inventory of direct materials, December 31, 2015 10,000
Direct manufacturing labor 28,000
Indirect manufacturing costs 44,000
Beginning inventory of finished goods, January 1, 2015 46,000
Cost of goods manufactured 245,000
Ending inventory of finished goods, December 31, 2015 50,000
Operating costs 154,000
What is Leslie's cost of goods sold?
A. $84,000
B. $239,000
C. $234,000
D. $79,000
Final answer:
The cost of goods sold is calculated by adding the beginning inventory of finished goods to the cost of goods manufactured and then subtracting the ending inventory of finished goods. In this scenario, the COGS would be $241,000, but since this option is not available in the choices provided, there may be an error in the question or answer choices.
Explanation:
Calculation of Cost of Goods Sold
To calculate Leslie's cost of goods sold (COGS), we need to consider several components from the information provided:
Beginning inventory of finished goodsCost of goods manufacturedEnding inventory of finished goodsThe formula to calculate COGS is:
COGS = Beginning Inventory of Finished Goods + Cost of Goods Manufactured - Ending Inventory of Finished Goods
Let's input the values:
COGS = $46,000 + $245,000 - $50,000
Therefore:
COGS = $241,000
However, this answer isn't one of the offered choices. It appears there may have been a typographical error in the question or the answer choices. Double-checking the provided values and calculations is crucial to ensure accuracy. Assuming the provided values are correct and complete, the calculated COGS does not align with any of the given answer choices. It is recommended to clarify this with the student or reevaluate the provided data.
The first step toward understanding business ethics is to: A) know your company's ethical policies. B) know your own morals and philosophies. C) know society's ethical policies. D) develop ethical-issue awareness. E) develop a set of decision-making rules.
Answer:
E) develop a set of decision-making rules.
Explanation:
Although not identical, the concept of business ethics (or management ethics) arises strictly related to the concept of social responsibility of organizations. Ethics can be considered as a set of social values and rules that distinguish what is right from wrong, that is, indicate when a behavior is socially acceptable or not. In other words, an ethical action means no more than respect for the moral principles of society. These moral principles constitute general rules of behavior of great importance to society which can not be established or modified by the decisions of individuals alone or by the powers that be instituted. At the business level, ethics has to do with the set of rules of decision making, that is, the choices made by managers in face of a plurality of options, which will have, as a background, morality.
The first step toward understanding business ethics is to know your own morals and philosophies and develop ethical-issue awareness.
Explanation:The first step toward understanding business ethics is to know your own morals and philosophies. This is important because ethics is the study of morality and ethical decisions are based on personal values and beliefs. By understanding your own morals and philosophies, you can make informed ethical decisions in a business context.
Developing ethical-issue awareness is also an important step, as stated in option D. This involves being aware of potential ethical issues that may arise in business situations, and being able to recognize and address them.
While options A, C, and E are also important in understanding business ethics, knowing your own morals and philosophies and developing ethical-issue awareness are fundamental steps that form the basis for ethical decision-making.
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The _________________ is the difference between money flowing into a country from exports, and money leaving the country for imports, plus more ey flows coming from other factors such as tourism, foreign aid, military expenditures, and foreign investment.
The "BALANCE OF PAYMENT" is the difference between money flowing into a country from exports, and money leaving the country for imports, plus more ey flows coming from other factors such as tourism, foreign aid, military expenditures, and foreign investment.
If you want to go directly to a specific web page using a URL, where should you type the URL in Firefox? A. In an e-mail B. In a Google account C. In the address bar D. In the username field Please select the best answer from the choices provided A B C D
Answer:
C) In the address bar
Explanation:
This is the only place where URL's may be found or entered in to successfully get to a web page.
The address bar is the place where you may go for specifying the web page using a URL.
What is an address bar ?The address bar is the locational bar or is the URL Place and it shows us the current URL. The bar is used for navigating and choosing a website the bar that consists of the non URLS is automatically sent to the search engines. They offer features like the autocompleted list of suggestions. They can be seen in browsers.
Find out more information about the URL.
brainly.com/question/25376170.
Which of the following people displays a learner mind-set?Natasha walks away when someone says something she disagrees withSam, a factory worker, declares that executives have no idea what real work isEmilie declares in a meeting that there is only one correct procedure to followDuring a department meeting, Sasha reminds people that disagreements are normal
Sasha reminds people that disagreements are normal. She is open minded
Sasha shows a learner mindset, characterized by openness to disagreement and continuous self-improvement, in contrast to the fixed mindsets observed in the others.
Explanation:The person who displays a learner mindset from the given examples is Sasha. A learner mindset is characterized by openness to new opinions, the ability to handle disagreements and disputes, and continued self-improvement for growth. In contrast, the rest do not demonstrate a learner mindset: Natasha avoids confrontation and doesn't seem open to hearing conflicting views; Sam sets rigid boundaries between hierarchy levels, assuming an unbridgeable gap in understanding; and Emilie believes in a single 'right' way, possibly hindering innovation.
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Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal help fees. Believing Saeed's business will be a success, an investor invests $5,000 to help Saeed open his business. In return, Saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. Calculate the return on investment for the investor if Saeed's business makes $7,000 in profit as a total return of the business in its first year.
Answer:
The return of investment for the investor if Saeed's business makes $7000 in profit in its first year is $6190.
Explanation:
Saeed agrees to repay the investor the $5000 plus 17 percent of the profits of the business. This can be represented by this equation.
Return of investment for the investor= initial investment+ (percentage of profits X profit)
When we fill in our known numbers, this is the equation. Remember, the profit for the first year was $7000.
Return of investment for the investor = 5000 + (.17 X 7000)
Return of investment for the investor = 5000 + 1190
Return of investment for the investor = $6190
Mary goes to a stockbroker, purchases 50 shares of a certain stock, and instructs the broker to register the stock in her husband Warren's name. If this stock is intended as a Valentine's Day gift, Warren becomes a(n):a. donee beneficiary.b. transferee.c. delegatee.d. assignee.
Answer: the correct answer is a. donee beneficiary
Explanation:A donee beneficiary is a type of intended third-party beneficiary. Donee beneficiaries occur when the second party in a contract (the promisee) does not owe a debt to the third party but wants to provide them with the benefit of the performance of the first party (the promisor).
Theresa has a contract to teach eighth grade at Washington Middle School. She decided she could make more money writing a book, so she assigns her teaching contract to her friend, Stephanie, who is also a licensed teacher. The duties under the teaching contract:a. The duties under the teaching contract are nondelegable.b. The duties which Theresa has attempted to delegate are personal in nature.c. If the school district agrees to accept Stephanie's services, a novation would occur, which would relieve Theresa of her obligation to the school district.d. All of the above are correct.
Final answer:
The duties under the teaching contract are nondelegable, personal, and a novation would occur if the school district agrees to accept Stephanie's services, which would relieve Theresa of her obligation. Option d.
Explanation:
The situation described with Theresa and Stephanie involves legal principles related to employment and contract law within the education sector. We can assess the scenario based on those principles, particularly around the assignment and delegation of contract duties, as well as the concept of novation.
Nondelegable duties often exist in contracts that involve highly personalized services. In the case of a teaching contract, the services are typically considered personal because they are based on the unique skills, qualifications, and certifications of the hired teacher.
Given that teaching positions usually require specific credentials and bear personal responsibility for student outcomes, the duties under the teaching contract being delegated by Theresa are certainly personal in nature, which makes the delegation potentially problematic without consent.
However, if the school district agrees to accept Stephanie to fulfill Theresa's contract, a legal concept called novation would occur.
Novation is the substitution of a new contract in place of the old one, with the consent of all parties, and would relieve Theresa of her prior obligations to the district as Stephanie effectively becomes the new contracting party.
Therefore, the correct answer is d. All of the above are correct. The duties are nondelegable, personal in nature, and novation would relieve Theresa of her contractual obligations upon agreement of the school district. Option d.
Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deducted in the current periodB. Tax depreciation for the period exceeds book depreciationC. A goodwill impairment expense is recorded on the income statement
Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.
A contingency table is sometimes called an rxc table where are stands for the number of
What do you call of a scanner data where panel members are identified by an ID card allowing each panel members purchases to be stored with respect to the individual shopper?
A) scanner panels with cable TV
B) scanner panels
C) volume tracking data
D) none of the above
Answer: I belive it is volume tracking data.
Sorry if it is wrong.
Explanation:
Scanner panel data are only the information that checkout scanners that keep tabs on panelists' purchases record.
What do you mean by scanner panels?
The panel is made up of various consumers who consent to have their purchasing habits monitored. This purchase is noted when they check out at the store, creating a vast amount of data that aids in our understanding of consumer behavior. Big data is frequently assumed to be generated by scanner panels. Huge volumes of data and information that are tracked through technology, such as scanner panels, are referred to as "big data". Scanner panel data has another benefit in that it might clarify what co-purchasing is. Thus, it not only alerts us when someone purchases our goods. It reveals other purchases people make at the same time.
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Which statement describes a monopoly? Many firms produce identical products with no control over the market price. Many firms produce differentiated products with control over market price. A single firm produces a product with no close substitutes and control over the market price. A single firm produces a product with many close substitutes and limited control over the market price.
Answer:
A single firm produces a product with no close substitutes and control over the market price.
Explanation:
Monopoly is the uncontested exploitation of a business or industry, by virtue of a privilege. It is the possession or the right in an exclusive character. To have the monopoly is to possess or to enjoy the exploitation in an abusive way, is to sell a product or service without competitor, by high prices. From the Greek monos, which means "one" and "polein" meaning "to sell".
A monopoly is characterized by a single firm dominating in a market, producing a product with no close substitutes, and having substantial control over the market price. An example is Microsoft, which controls the operating systems market.
Explanation:A monopoly is a market structure where one single firm dominates the market, producing a product for which there are no close substitutes. This market structure allows the monopolist to exercise a great deal of control over the market price. An excellent example is Microsoft, which is considered a monopoly because it overwhelmingly controls the operating system market.
Contrary to perfect competition where many firms produce identical products, a monopoly is characterized by its lack of significant competition. This allows it to set any price it wishes, guided only by the market's demand curve. However, debates can occur over whether or not substitutes are close, thus categorizing a firm as a monopoly can sometimes be controversial.
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Diggity Dank Corporation uses an activity-based costing system with two activity cost pools. Diggity Dank uses direct labor hours as the measure of activity in the first activity cost pool and the number of orders in the second activity cost pool. The following information relates to these two activity cost pools for last year: What was Diggity Dank's under- or overapplied overhead for last year?
A. $17,000 overapplied
B. $20,000 underapplied
C. $27,000 underapplied
D. $73,000 overapplied
Answer:
it is c I guessed that I hope its right
Who is responsible for designing and implementing systems to gather, organize, and distribute facts essential for the running of the company
Answer:
information managers
Explanation:
helpful?
Which of the following post-deployment duties are performed by the field sanitation team?Select all of the correct answers from the options below.Immediately restocking field sanitation materials upon the return to the home stationPreparing an after action review for the chain of commandEnsuring the unit has the required personal hygiene supplies and equipmentProvide support to the unit leaders to complete medical surveillance reports
Answer:
Immediately restocking field sanitation materials upon return to to the home station.
Ensuring the unit has the required personal hygiene supplies and equipment.
Provide support to the unit leaders to complete medical surveillance reports.
Explanation:
The FST is the team that helps the commander to ensure the health of his soldiers.
It does all this by advising him/her on matters concerning the reduction of injuries outside battlefield. They also train all the personnel on health matters.
Davison Company determined that the book basis of its net accounts receivable was less than the tax basis of its net accounts receivable by $800,000 due to a difference in the allowance for bad debts account. This basis difference is characterized as: A. Deductible temporary differenceB. Taxable temporary differenceC. Favorable permanent differenceD. Unfavorable permanent difference
Answer: the correct answer is A. Deductible temporary difference
Explanation:
The future tax deduction created by the write-off of bad debts will create a future tax benefit and will be recorded on the balance sheet as a deferred tax asset.
Exercise 12-7 Shown below are comparative balance sheets for Flint Corporation. Flint Corporation Comparative Balance Sheets December 31 Assets 2017 2016 Cash $ 201,348 $ 65,142 Accounts receivable 260,568 225,036 Inventory 494,487 559,629 Land 236,880 296,100 Equipment 769,860 592,200 Accumulated depreciation—equipment (195,426 ) (94,752 ) Total $1,767,717 $1,643,355 Liabilities and Stockholders’ Equity Accounts payable $ 115,479 $ 127,323 Bonds payable 444,150 592,200 Common stock ($1 par) 639,576 515,214 Retained earnings 568,512 408,618 Total $1,767,717 $1,643,355 Additional information: 1. Net income for 2017 was $275,373. 2. Depreciation expense was $100,674. 3. Cash dividends of $115,479 were declared and paid. 4. Bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. Common stock was issued for $124,362 cash. 6. No equipment was sold during 2017. 7. Land was sold for its book value. Prepare a statement of cash flows for 2017 using the indirect method.
Final answer:
The statement of cash flows for Flint Corporation for 2017 was prepared using the indirect method, starting with net income and adjusting for non-cash effects and changes in operating assets and liabilities. Cash flows from investing and financing activities were also considered, leading to the calculation of the net increase in cash and the resulting ending cash balance. The bank's net worth is calculated by subtracting the total liabilities from total assets.
Explanation:
Statement of Cash Flows using the Indirect Method
To prepare the statement of cash flows for Flint Corporation for the year 2017 using the indirect method, we start by adjusting the net income with changes in balance sheet accounts that affect operating activities, then account for investing and financing activities. Here's the summarized indirect method statement of cash flows based on the provided information:
Net Income: $275,373
Adjustments for non-cash effects:
Depreciation Expense: $100,674
Changes in Operating Assets and Liabilities:
Increase in Accounts Receivable: $(35,532)
Decrease in Inventory: $65,142
Decrease in Accounts Payable: $(11,844)
Cash from Operating Activities: $393,813
Cash Flow from Investing Activities:
Sale of Land: $59,220
Cash Flow from Financing Activities:
Payment of Dividends: $(115,479)
Redemption of Bonds Payable: $(148,050)
Issuance of Common Stock: $124,362
Net Increase in Cash: $263,866
Beginning Cash Balance: $65,142
Ending Cash Balance: $201,348
Net worth is calculated by subtracting total liabilities from total assets, which in this scenario yields:
Total Assets: $620
Total Liabilities: $400
Net Worth: $220
Managing diversity isA. Recognizing the characteristics common to specific groups of employeesB. Dealing with employees as individualsC. Supporting, nurturing and utilizing employee differences to the organization's advantageD. All of the above
Answer:
The answer is (D) all of the above.
Explanation:
Managing diversity is a workplace practice where companies focus their efforts in establishing a working environment where people with various demographic characteristics can thrive and perform to their fullest potential according to their work responsibilities. This means employers, more specifically, the human resources department, need to pay attention to the individuals’ background in order to create a work environment that is fair to each individual.
The purpose of safety stock is to: A. eliminate the possibility of a stockout. B. control the likelihood of a stockout due to variable demand and/or lead time. C. eliminate the likelihood of a stockout due to erroneous inventory tally. D. protect the firm from a sudden decrease in demand. E. replace failed units with good ones.
Your question asks what the purpose of a safety stock is.
Answer: B). control the likelihood of a stock out due to variable demand and/or lead time.The reason why answer choice "B). control the likelihood of a stock out due to variable demand and/or lead time" is the correct answer because companies have safety stocks to control the chances of having a stock out.
Safety stocks are also known as a "reserve" for a company, in other words, stocks that a company doesn't touch. It's to ensure that companies don't go through a time where there's an increase in demand while there is a "delay" in production.
If a companies stock demand goes up, but then they can't "produce" the amount that is needed to meet the demand, then they will go through "stock out" and have to go through what is called "stock out costs."
Safety stocks are also known as a "rainy-day" stock, due to the fact that safety stocks are used when a company are not having a great day with the "demand" / "value" of their stocks. It's just to "ensure" / "keep the company safe" from a huge stock out.
I hope this helps!Best regards, MasterInvestorSafety stock in inventory management is used to control the likelihood of a stock out due to variable demand and/or lead time. It serves as a buffer against unexpected demand fluctuations or supply delays, preventing situations where quantity demanded exceeds quantity supplied.
Explanation:The purpose of safety stock in inventory management is primarily to control the likelihood of a stockout due to variable demand and/or lead time (option B). Safety stock acts as a buffer to ensure that unexpected fluctuations in demand or delays in restocking do not result in stockout situations, where the quantity demanded exceeds the quantity supplied, leading to potential loss of sales. For example, if the demand for a product suddenly increases or if there is a delay in supply, safety stock helps prevent a shortage situation. However, maintaining safety stock also involves extra costs for storage and potential obsolescence.
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Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $260,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $3.75 per share during the year. Also assume that the company’s common stock had a market price of $73 at the end of the year and there was no change in the number of outstanding shares of common stock during the year. Required: Compute financial ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your percentage final answer to 2 decimal places.) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places.) 4. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.)
Answer: That class ain't for you vro.
Explanation:
Is a measure of the extent to which a system achieves its goals
Effectiveness Is a measure of the extent to which a system achieves its goals by assessing various factors.
What is the goal?A goal is refer to any purpose or objective for which a particular work is performed. The maximization of profit is the goal of any business. Customer satisfaction is another goal of any business.
The term "effectiveness" refers to the assessment of how well a system accomplishes its objective. By combining the goals that were really accomplished with the sum of the goals that were declared, it may be calculated.
The effectiveness of a business is based on The productivity of the workforce, It can be determined by performance evaluation. When the actual performance is compared with standard performance effectiveness is addressed.
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Millennial employees are of great interest to organizations today. Millennials are the most educated generation in the history of the United States and grew up technologically adept and globally conscious. Which of the following are characteristics of work environments that appeal to Millennials? Check all that apply. a. Traditional work environments. b. Independent task environment. c. Access to cutting-edge technology. d. Opportunities to learn.
Answer:
The answers are independent task environment, access to cutting-edge technology, and opportunities to learn.
Explanation:
Millennials are a group of individuals of a generation commonly starting from 1980s to early 2000s. These people are also called Generation Y. They are thought to have different working aspirations, preferences, and style compared to the previous generations. Thus, many researchers and consultants alike advocate for a different way in managing them as well.
A _____ is typically used to support decisions related to managing an organizations cash flows
Answer:
financial information system :)
Explanation:
Answer:
A financial information system
Explanation:
A financial information system is used to collect, accumulate and analyse financial data as related to a business or a project. a Financial information system informs the business manager on how to plan and run a business efficiently.
A financial information system helps in the forecasting of business decisions and its potential outcomes. a financial information system is usually carried out by financial experts/managers and the outcome is implemented to ensure business success. it is stored electronically because the best way to keep hold of documents like this is to store them electronically.
Noelke Industries had a Raw Materials Inventory account balance of $27,388 on June 1. During the month of June, Noelke had the following transactions: 1. Purchased $345,000 of lumber. 2. Purchased $184,000 of steel. 3. Spent $1,867 on freight charges. 4. Received a credit of $3,450 for their lumber order. 5. Returned $6,430 of flawed lumber. 6. Used $353,000 of lumber. 7. Used $181,000 of steel. What is the balance of the Raw Materials Inventory account on June 30?
Answer:
this is messing with my brain lol but i got -493,579?
Explanation:
_____ provides historical, current, and predictive views of business operations and environments and gives organizations a competitive advantage in the marketplace.Business intelligenceBusiness differentiationBusiness explorationBusiness indexing
Hello There!
"Business Intelligence" provides historical, current, and predictive views of business operations and environments and gives organizations a competitive advantage in the marketplace
Henry Crouch's law office has traditionally ordered ink refills 7070 units at a time. The firm estimates that carrying cost is 4545% of the $1212 unit cost and that annual demand is about 245245 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal? a) For what value of ordering cost would its action be optimal? Its action would be optimal given an ordering cost of $nothing per order (round your response to two decimal place
Answer:
69.69 is a fun number to answer with