Option C is correct. An increase in aggregate demand results in a(n) expansion in the short run.
The costs of labor and products are the principal driver of organic market in the economy. However, the converse is likewise evident: changes in organic market influence the cost of labor and products. The link between aggregate demand and general price levels is not necessarily clear or direct. Notwithstanding, in the most broad sense (and under ceteris paribus conditions), an expansion in total interest relates with an expansion in the cost level.
Aggregate demand increments when the parts of aggregate demand including consumption spending, venture spending, government endlessly spending on sends out less imports-rise.
Aggregate demand is a economic measurement of the all out amount of completed labor and products that are requested in an economy. This estimation is communicated as the aggregate sum of cash traded for those labor and products at a particular value level and moment.
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jennifer applied for a waitress job at sam's coffee shop. the recruiter asked her to make five different types of beverages and wait tables for an hour. in this scenario, the recruiter conducted a
Jennifer applied for a waitress job at sam's coffee save. the recruiter requested her to make five one-of-a-kind varieties of liquids and wait tables for an hour. in this state of affairs, the recruiter performed a piece pattern.
They may be specialists in interior locating, screening and attracting of candidates for open positions. Recruiters very very own the complete competencies acquisition manner from prevent-to-give up. this could encompass marketing the manner starting up, reviewing resumes, interviewing candidates and running with hiring managers to find the right match.
Someone who persuades human beings to art work for an enterprise or end up new individuals of an enterprise employer, specially the navy: He worked as a military recruiter in Texas.
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job discrimination occurs when a. an employment decision in some way harms or disadvantages an employee or a job applicant. b. the decision is based on the person's membership in a certain group rather than on individual merit. c. the decision rests on prejudice, false stereotypes, or the assumption that the group in question is in some way inferior and thus does not d
Job discrimination occurs when the decision is based on the person's membership in a certain group rather than on individual merit. [ option b]
What is job discrimination?Employment discrimination generally involves employers seeking to It happens when you treat a member unfavorably.today's society, even though federal, state, and local labor laws prohibit discriminatory treatment. Conversations about race, culture, political views, gender, and sexual orientation seem to go nowhere and often end up with unresolved issues. this leads to conflict in the workplace, which impacts relationships with coworkers, company reputation, and ultimately productivity and success.Diversity training is a trend for consultants and employers alike. Millions, perhaps billions, of dollars have been spent educating employers, employees and work groups about workplace diversity. Although a noble undertaking, diversity training alone is not a panacea for preventing or eliminating discrimination. Diversity training is often required to resolve workplace discrimination cases in litigation. The EEOC and his FEPA in the state also have authority to make diversity training as a requirement for cases referred through the agency. Mandatory training can get a lukewarm reception from employees. For employees with purely personal biases, they view diversity training as a necessary evil.learn more about job discrimination
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when a company invests a lot of money in a particular project, it is concerned about the amount of risk involved. in general, if the expected life of a project is longer, its potential risk is
Among the safest investing options are certificates of deposit (CDs), money market accounts, municipal bonds, and Treasury Inflation-Protected Securities (TIPS).
Which of the following best describes how risk factors into investment decisions?When investing in equities, one must take risk into account. High gains often come with little risks. An investment's potential return will increase with its level of risk. Profits are consistently assured while investing.
What is the phrase used to describe the cost levied when you spend more money than you have in your bank account?When you spend more money than you have in your bank account, you may be charged an overdraft fee. Banks normally charge roughly $35 per instance, so you may be charged numerous overdraft penalties in a single day.
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when a monopolist reduces the quantity of output it produces and sells, the a. price of its output increases. b. profits for the firm always decrease. c. price of its output remains constant. d. price of its output decreases.
The appropriate response, based on the preceding statement, is (a), meaning that the cost of its production rises.
Which word—sells or sales—is correct?To sum up, a word is always a sell. Always use sell as a verb if you need one. Use the term "sell" to indicate a selling act or technique, especially if it involves persuasive and is characterized by a word like "tough," "hard," "difficult," or "easy."
What does a business sell?Any exchange in which cash is given for a product or service is a sale. The vendor tries to "sell" the buyer on the merits of their offer throughout a sales negotiation.
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using a perpetual inventory system, the effect on the accounting equation of purchasing merchandise on account includes a(n)
Using a perpetual inventory system, the effect on the accounting equation of purchasing merchandise on account includes a(n) increase in liabilities and increase in assets .Thus correct option (a)& (c)
A perpetual inventory system, as opposed to a physical inventory, is a program that constantly assesses your inventory based on your electronic data. This approach begins with a physical count as the baseline and changes based on receipt of purchases and shipment of goods.
Your inventory balances are continuously monitored by a perpetual inventory system. When you buy or sell merchandise, updates are performed automatically. Your inventory accounts are quickly updated with purchases and returns. A supermarket business may employ a perpetual inventory system, for instance.
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Full Question: Using a perpetual inventory system, the effect on the accounting equation of purchasing merchandise on account includes a(n) _____. (Check all that apply.)
a. increase in liabilities
b. decrease in assets
c. increase in assets
d. decrease in stockholders' equity
referring to the above game, if trade negotiators are able to communicate effectively about the consequences of various trade policies (i.e., enter into an agreement about the policy they should adopt), then we would expect the countries to agree to which outcome?
The Answer is d. United States renews MFN and China does not impose sanctions.
What Is Trade Policy?
Trade policy is the set of agreements, regulations, and practices by a government that affect trade with foreign countries. Each nation determines its own standards for trading, including its subsidies, tariffs, and regulations.
I suppose the question is :
Refer to Table 16-9. If trade negotiators are able to communicate effectively about the consequences of various trade policies (i.e., enter into an agreement about the policy they should adopt), then we would expect the countries to agree to which outcome?
a. United States renews MFN and China imposes sanctions.
b. United States does not renew MFN and China imposes sanctions.
c. United States does not renew MFN and China does not impose sanctions.
d. United States renews MFN and China does not impose sanctions.
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Read the case study "The Estimating Problem" on page 734 and then answer the questions on page 735.
1.How many different estimating techniques were discussed in the case?
2. If each estimate is different, how does a project manager decide that one estimate is better than another?
3. If you were a project manager, which estimate would you use
The term refers to the three-points it measures: this same best-case estimate, the most likely estimate, and the most unlikely estimate.
According to the estimating techniques, two cases are discussed in the case study. According to my understanding, the first of the three estimating methods is used to analyse the method of understanding implanted inside a guage. in this strategy. Three evaluations are created for the project using three different approaches. The second estimation technique is analogous to the estimation system, which uses parameter estimations based on available information. In this type of estimation, the following parameters are taken into account: scope, cost, and term. Some of the more common techniques for estimating project activities, as well as their advantages and disadvantages.
In project management, cost estimation is the process of forecasting the financial and other resources required to complete a project within a defined scope. Cost estimation takes into account all project elements, from materials to labor, and calculates a total amount that determines a project's budget.
Analogous, Parametric Modeling, 3 Point Estimate, Expert Judgment, drafted Data Estimates, Vendor Bid Analysis, Reserve Analysis, Bottom Up Analysis, and Simulation will be among the techniques used. The page on Earned Value Analysis includes a discussion of estimating the cost of completing an ongoing project. Finally, I'll go into how to estimate a project whenever the key boundary condition is the project's end date or total cost, and the effort has been tailored to fit this constraint.
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true or false? when a new product enters the market and consumers immediately see the benefit, such as with walk-in urgent care centers, and competitors then quickly enter, it is an considered a low-learning product or service.
"When a new product enters the marketing and consumers immediately see the benefit, such as with walk-in urgent care centers, and competitors then quickly enter, it is an considered a low-learning product or service."This statement is True.
advertising and marketing is the activity, set of institutions, and approaches for growing, speaking, handing over, and exchanging services that have fee for customers, customers, companions, and society at massive. it's miles, in brief, an motion taken to carry attention to a commercial enterprise' offerings; they may be bodily items for sale or services presented. common examples of advertising and marketing at work include television advertisements, billboards on the side of the road, and mag advertisements.
The significance of marketing in your enterprise is that it makes the customers aware about your products or services, engages them, and helps them make the shopping for decision. furthermore, a marketing plan, part of your business plan allows in creating and keeping call for, relevance, reputation, competition, and so on.
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consider the price to book ratios of the following companies: company a: 5.45 company b: 14.30 company c: 10.08 company d: 19.62 which company do investors believe will create the most value from its assets?
The price-to-book ratio is measured by dividing the market value of a company's share by its book value. A high price-to-book ratio means the market is willing to pay a premium to buy the company stock to earn a greater return in view of successful growth. Here, Company D is having the highest price-to-book ratio i.e., 19.62 among all the listed companies.
In marketing, rates are promotional items — toys, collectables, souvenirs and household merchandise — which might be connected to a product, and often require proofs of buy which include box tops or tokens to collect.[1][2] The consumer normally has to pay at least the delivery and handling prices to acquire the top rate. charges are every now and then called prizes, despite the fact that historically the word "prize" has been used to indicate (as opposed to a premium) an item this is packaged with the product (or to be had from the retailer at the time of purchase) and calls for no additional price over the value of the product.
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The earnings statement is another term for the a. balance sheet. b. income statement. c. statement of financial position. d. owners' equity statement. e. capital statement.
The earnings statement is another term for the income statement. The Option B is correct.
What is an income statement?It is also known as profit & loss account, refers to one of the financial statements of a company and shows the company's revenues and expenses during a particular period.
The main purpose of the income statement in an organization is to show the managers and investors whether the company made money (profit) or lost money (loss) during the period being reported.
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specialized systems built for knowledge workers charged with discovering and creating new knowledge for a company are called:
Specialized system built for knowledge workers charged with discovering and creating new knowledge for a company are called Knowledge work system.
A knowledge work system (KWS) is a specialized system built to promote the creation of knowledge and to make sure that knowledge and technical skills are proper integrated into business. KWS helps the knowledge workers in creating new information and knowledge by providing them the graphics, analytical, communications and document management tools. Each knowledge management system tends to be suitable in different industries. Hence, it is best to select an ideal system that fits the current model of the organization. It also has diverse techniques that apply to definite business needs.
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explain two types of price discrimination. discuss the ways that both the consumers and suppliers benefit
Price discrimination may enable a firm to produce more and benefit from economies of scale, lowering costs and prices across the board. Price discrimination may allow a company to drive competitors out of a less elastic market.
Some customers may be able to purchase something they could not otherwise elastic market.. Companies benefit from price discrimination because it can entice consumers to buy more of their products or motivate otherwise uninterested consumer groups to buy products or services. produce discrimination can be classified into three types: first-degree, second-degree, and third-degree. These degrees are also known as personalised pricing, product versioning or menu pricing, and group pricing.
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national reliance insurance (nri) is obligated to make a payment of $250,000 in exactly five years. its managers wish to fund this liability with a combination of two-year zero-coupon bonds and seven-year zero-coupon bonds, purchased today. the current yield rate for bonds is 5%. how much should the insurance company invest in each type of bond to immunize its portfolio? assuming nri allocates its resources to immunize its position, what is the time zero value of the portfolio of assets and liabilities if yield rates fall from 5% to 4%?
National reliance insurance (NRI) is obligated to make a payment of $250,000 in exactly five years. Its managers wish to fund this liability with a combination of two-year zero-coupon bonds and seven-year zero-coupon bonds, purchased today. 250000 X 1/(1.05°5) 195881.54
Amount invested in 2 years zero coupon bond 2-year coupon bond (0.4X 195881.54)
Amount invested in 7 years zero coupon bond 2-year coupon bond. (0.6 x 195881.54).
Insurance is a manner to manage your chance. while you buy insurance, you purchase protection towards surprising financial losses. The coverage corporation can pay you or a person you pick if something awful occurs to you. when you have no insurance and an twist of fate occurs, you'll be liable for all associated fees.
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in contrast to digital marketing, where customers receive clear and correct information about any product or service, there is little likelihood that customers will be misled by salespeople in traditional marketing.
Digital advertising is typically extra low-priced and can be more targeted, whilst normal advertising can be more tremendous at reaching a larger audience. It's necessary to think about your finances and target market when deciding which type of advertising to use.
What is digital marketing provide an explanation for with examples?Digital marketing, also known as on-line marketing, is the promoting of brands to connect with viable clients the use of the web and other forms of digital communication. This includes now not solely email, social media, and web-based advertising, however additionally text and multimedia messages as a marketing channel.
Some key goals in the course of a digital marketing strategy are: Conversion/sales: That is commercial success. Consideration: That is evaluating if the product or brand meets your needs. Awareness: This is about audience reach.
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https://brainly.com/question/8367090#SPJ4Enterprise zones and investor visas are examples of government programs that encourage economic growth through entrepreneurship.
Entrepreneurs were encouraged to immigrate to the US through investor visas by the Immigration Act of 1990, enacted by the US government. An entrepreneur is a person who decides to embark on the challenge and risk of opening a new company.
An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavour. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company. Among the most well-known American businesspeople in history include Andrew Carnegie, Henry Ford, Oprah Winfrey, Bill Gates, and Larry Page. Co-founder of Microsoft, Bill Gates One of the biggest software firms in the world and well-known entrepreneur Bill Gates is the co-founder of Microsoft. With a net worth of more than $80 billion, he is also one of the wealthiest men in the world.
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your teammate is prepping for a sales presentation and they've outlined the points they want to cover: 1. recap of previous discussions 2. explanation of how other people in similar situations have proceeded 3. pros and cons of various approaches they want your feedback on this outline. what would you say?
The Answer is “This is a good start, but you need to advise them on the best path to achieving their goals and explain how we can help them get there.”
Sales Presentation :
In selling technique, a sales pitch or sales presentation is a line of talk that attempts to persuade something or someone, with a planned sales presentation strategy of a service or product designed to initiate and close a sale of the service or product.
I suppose the question is :
Your teammate is prepping for a sales presentation and they’ve outlined the points they want to cover: 1. Recap of previous discussions 2. Explanation of how other people in similar situations have proceeded 3. Pros and cons of various approaches They want your feedback on this outline. What would you say?
A. “This is a good start, but you need to advise them on the best path to achieving their goals and explain how we can help them get there.”
B. “This is a good way to finish the presentation, but you should start by explaining our offering and how it can solve their problems.”
C. “This is okay, but a better approach would be to give them a demonstration of our product.”
D. “This is great! Leave it like it is.”
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a compensation system based on time is most appropriate for jobs in which a. responsibilities are difficult to understand. b. fringe benefits are an important part of the compensation offered. c. commissions make up a significant portion of compensation received. d. performance is not easy to measure.
A compensation system based on time is most appropriate for jobs in which fringe benefits are an important part of the compensation offered.
What does it mean to be compensated?Typically, the term "compensation" refers to a monetary payment made to a person in return for their work. Employees work to earn their income at the office. It includes the employee's pay or earnings, commission, and any additional benefits or incentives associated with the job.
What is the synonym for compensation?Among the many words that can be used to describe compensate are indemnify, pay, recompense, reimburse, remunerate, return, and satisfy. All of these verbs refer to "giving money or its equivalent in exchange for something," but compensate indicates making up for services provided.
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Do network effects help or hurt innovation? Why? If you were competing in a market where network effects exist, what strategies would be available for you succeed?
Any circumstance in which the value of a good, service, or platform depends on the volume of customers, vendors, or users who utilize it is referred to as having a network effect.
In general, the more customers, vendors, or users there are, the stronger the network effect and the more value the service generates.
Network effects are frequently cited as a problem for innovation by those who oppose businesses that use proprietary standards to gain market domination. However, this claim isn't totally accurate. Even if network effects restrict competition against the prevailing standard, innovation within a standard may actually flourish.
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for companies that use a cost method other than lifo or the retail inventory method, inventory is reported at the lower of cost or net realizable value. true or false
for companies that use a cost method other than lifo or the retail inventory method, inventory is reported at the lower of cost or net realizable value- True
inventory
The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. Inventory is one of a company's most valuable assets since inventory turnover is one of the key sources of revenue production and subsequent earnings for the company's shareholders. Raw materials, work-in-progress, and finished items are the three forms of inventory. On a company's balance sheet, it is classified as a current asset. Inventory is a critical asset for every business. It is defined as the assortment of raw materials or completed items kept by a corporation throughout its usual course of business.
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according to the capital asset pricing model (capm), what is the expected return on a security with a beta of zero? multiple choice question. the market risk premium the return on market zero the risk-free rate of return
According to the capital asset pricing model (CAPM), the risk-free rate of return is expected on a security with a beta of zero.
Describe zero beta CAPM.
According to the zero beta model, the CAPM does not require a risk-free interest rate to just be valid. Different risky portfolios are maintained by investors, but they are all on the efficient frontier.
The expected return on a zero-beta portfolio would be equal to the risk-free rate. Given that its expected return is equal to the risk-free rate or has a low rate of return in comparison to portfolios with a higher beta, one such portfolio would have no correlation with market movements.
Therefore, A security with a beta of zero is anticipated to yield a risk-free rate of return.
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in monopolistically competitive markets, economic losses a. are minimized through government-imposed barriers to entry. b. suggest that some existing firms will exit the market. c. suggest that new firms will enter the market. d. are never possible.
In monopolistically competitive markets, monetary losses b. propose that a few current companies will go out the market.
The required details about Monopolistic is mentioned in below paragraph.
Monopolistic opposition exists whilst many groups provide competing services or products which can be similar, however now no longer ideal, substitutes. The limitations to access in a monopolistic aggressive enterprise are low, and the selections of anybody company do now no longer at once have an effect on its competitors.Monopolistic opposition is a kind of imperfect opposition such that there are numerous manufacturers competing towards every different, however promoting merchandise which can be differentiated from one another (e.g. via way of means of branding or quality) and as a result aren't ideal substitutes. In monopolistic opposition, a business enterprise takes the fees charged via way of means of its competitors as given and ignores the effect of its very own fees at the fees of different groups. If this occurs withinside the presence of a coercive government, monopolistic opposition will fall into government-granted monopoly. Unlike ideal opposition, the business enterprise continues spare capacity. Models of monopolistic opposition are regularly used to version industries.
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in deciding whether to manufacture a part or buy it from an outside vendor, a cost that is irrelevant to this short-run decision is:
Future costs that differ between alternatives are referred to as relevant costs. Before an alternative is approved, these are used to determine which option will result in a greater benefit for the business.
Any cost that is relevant to a decision is considered to be a "relevant cost." If the decision results in a change in cash flow, the issue is relevant. The cash flow change could be: additional charges to be made.
What is a significant expense model?
A business buys loading equipment for a factory unit. Twenty manual laborers could save money on their wages by using this machine. These costs are important because the decision to buy will change them in the future.
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Why is federal income tax more daunting for business owners than other types of tax?Select an answer:The tax code does not allow for deductions.Income tax lowers a company's profitability.The federal tax code is expansive.Income tax terms are not defined.
Federal income tax are more daunting for business owners than other types of tax because the tax terms are not defined. The Option D is correct.
What Is Federal Income Tax?It is a tax levied by Internal Revenue Service on annual earnings of individuals, corporations, trusts, and other legal entities. This taxes applies to all forms of earnings that make up a taxpayer's taxable income including wages, salaries, commissions, bonuses, tips, investment income etc.
In 2022 year, there are 7 federal tax brackets which includes 10%, 12%, 22%, 24%, 32%, 35% and 37%.
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a recent hurricane destroys half the orange crop. assuming that the demand for oranges is relatively inelastic the short-run impact of this change in economic circumstance would be to:
Decreasing the supply of oranges, while increasing the total spending by consumers on oranges.
How does a crop failure impacts economy?
One of the most obvious ways that catastrophes harm agriculture is through decreased productivity. Farmers have acute financial losses as a result, which have the ability to extend across the entire value chain and have an effect on the development of a sector or entire national economies.
Crop failure negatively affects a nation's economy, particularly if it is reliant on agriculture, farmers' incomes, and the amount of food that is available for consumption.
Economic development is impacted by both the direct and indirect contributions that agriculture contributes to the overall gross domestic product (GDP) of the United States. This is accomplished through the operation of farms, forests, fisheries, textile factories, sales of apparel, food, and drinks, as well as manufacturing and service industries.
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coffer co. is analyzing two projects for the future. assume that only one project can be selected. if the company is using the payback period method and it requires a payback of three years or less, which project should be selected?
If the company is using the payback period method and requires a payback period of three years or less, project X should be selected.
Payback period Project X
The cost of the machines is $77,000
= 3 years total cost
= 28,000 + 28,000 + 28,000
= $84,000
This means it is paid back within 3 years.
= Year + Year 2
= 28,000 + 28,000
= $56,000
At year 2 how much was left;
= 77,000 - 56,000
= 21,000
= Amount left/ amount paid in the year
= 21,000/28,000
= 0.75
= 2 years + 0.75 years
Project X was paid off in 2.75 years.
Payback period Project Y
The cost of the machines is $55,000
= 3 years total cost
= 2,000 + 25,000 + 25,000
= $52,000
This means it did not pay back within 3 years.
In 4th year
= 55,000 - 52,000
= $3,000
= 3,000/20,000
= 0.15
It took 3 years + 0.15 years = 3.15 years to pay off.
Project X should be selected as it pays back within 3 years.
Complete question:
Coffer Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y Cost of machine $ 77,000 $ 55,000 Net cash flow: Year 1 28,000 2,000 Year 2 28,000 25,000 Year 3 28,000 25,000 Year 4 0 20,000 If the company is using the payback period method and it requires a payback of three years or less, which project should be selected?
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true or false: hyperinflation may cause stable currencies such as the u.s. dollar or the european euro to come into widespread use because a country might adopt a stable currency as its own official currency.
This is True. Hyperinflation may cause secure currencies such as the america greenback or the european euro to come into sizeable use because a usa might undertake a stable foreign money as its personal authentic currency.
What hyperinflation means?It refers to a situation where the expenditures of items and offerings upward jostle uncontrollably over a described length of time. In general, the term is used when the price of inflation will increase at greater than 50% a month. Typically, hyperinflation is prompted by a very rapid growth in the money supply.
Is hyperinflation Coming US?Not yet, at least. The Federal Reserve has carried out four rounds of quantitative easing due to the fact the international economic disaster in 2008, and the U.S. has yet to journey hyperinflation.
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https://brainly.com/question/29614998#SPJ4Which of the following statements about the transfer of training is TRUE?
A. Transfer of training is so poor that most training efforts must be repeated annually.
B. On the whole and in most circumstances, training results in learning and has a long-term effect on employee behavior.
C. Training may have an initial impact on employee behavior, but its impact erodes dramatically over a year's time.
D. If employees make the initial transfer of their new skills to the workplace, they will retain these skills for a lifetime.
If employees make the initial transfer of their new skills to the workplace, they will retain these skills for a lifetime about the transfer of training is true.
What is a transfer of learning or training?The transfer of training is influenced by a number of factors that can be broadly divided into three groups: trainee characteristics, training design features, and environmental factors. generalizing the knowledge and abilities acquired during training for a job and maintaining such knowledge and abilities throughout time.
Giving trainees a chance to perform after training is a crucial step manager should take to guarantee training transfer. To emphasize the significance of the training and promote transfer, adequate, peer support, including feedback from the group is essential.
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in the capgemini iot industry 4.0 case, what dimension focuses on the way that smart products are equipped with computing power that enables autonomous decision-making and self-learning processes based on algorithms?
IIoT and smart manufacturing are part of Industry 4.0, which combines physical production and operations with smart digital technology, machine learning, and big data.
To create a more holistic and better connected ecosystem for production and supply chain management companies. Finally, on an Industry 4.0 technology level, on top of the previously mentioned technologies (or rather groups of technologies) such as IoT, big data, IT, OT, several security technologies are available (industrial cybersecurity, visual monitoring of critical facilities, wearables to monitor worker safety in hazardous environments). In terms of manufacturing, Industry 4.0 is defined as: the advancement of automation and data technologies enabled by the internet of things (IoT).
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what features and benefits should be displayed in this advertisement to sell cucumbers to dieter? (multiple answers are correct. all correct answers must be selected for credit)
The features and benefits that should be displayed in the advertisement to sell cucumbers to dieters are Phytosterol-Rich and High in Water.
What are cucumbers?Cucumbers or Cucumis sativus is a widely-cultivated creeping vine plant in the Cucurbitaceae family that bears usually cylindrical fruits, which are used as culinary vegetables.
Considered an annual plant, there are three main varieties of cucumber slicing, pickling, and seedless within which several cultivars have been created. The cucumber originates from South Asia, but now grows on most continents, as many different types of cucumber are traded on the global market.
In North America, the term wild cucumber refers to plants in the genera Echinocystis and Marah, though the two are not closely related.
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hammond supplies expects sales of 248,427 units per year with carrying costs of $3.96 per unit and ordering cost of $8.32 per order. assuming the level of inventory is stable, what is the optimal average number of units in inventory? round to the nearest whole number.
The optimal average number of units in inventory is 486 units.
What is average number ?
The average value in a set of numbers is the middle value, calculated by dividing the total of all the values by the number of values. When we need to find the average of a set of data, we add up all the values and then divide this total by the number of values.
Given,
Annual sales units = 248,427units
Carrying costs per unit= $3.96
Ordering costs per order = $8.32
Economic order quantity = [(2 x annual sales units x ordering costs per order)/Carrying costs per unit]1/2
= [(2 x 248,427 units x $8.32)/$3.96]1/2
= [$4695669.84/$4.98]1/2
= [942905.5903614458]1/2 = 971.03325914278 units
Now,
Optimal average number of units in inventory = Economic order quantity/2
= 971.03325914278 units/2 = 486 units.
To learn more about Carrying costs per unit visit:https://brainly.com/question/17192219
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