Economic Order Quantity is used in a continuous inventory system.
The ideal order quantity for a company to purchase in order to minimize inventory costs like shortage costs, holding costs, and order costs is known as the economic order quantity (EOQ). Ford W. Harris created this production-scheduling model in 1913, and it has been refined over time. The formula assumes constant ordering, demand, and holding costs.
The economic order quantity (EOQ) is a business's optimal order quantity for minimizing total costs associated with receiving, ordering, and holding inventory of goods.
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The demand for exxonmobil gasoline is _______________ the market demand for gasoline in general.
The demand for ExxonMobil gasoline is more price elastic than the market demand for gasoline in general.
The price elasticity of demand is a term in economics to describe the change in the quantity demanded of goods to changes in the price of these goods.
The elasticity of demand is a measuring instrument used to measure the sensitivity of changes in the quantity demanded of goods when there is a change in the price of goods. For example, there is a decrease in the price of a product, whether it is goods or services, then this has an impact on increasing the number of requests for these goods or services.
The elasticity of demand can be seen from the ratio of the percentage change in price to changes in demand for goods or services. There are 2 (two) assessments of this elasticity of demand, namely:
If the value of the elasticity of demand is above 1, then the amount of demand for goods is influenced by the size of the price. In this context, the demand for goods is said to be elastic. If the value of the elasticity of demand is below 1, then the amount of demand for goods or services is not affected by the size of the price. In this context, the demand for goods or services is said to be inelastic.You can learn more about elasticity of demand here brainly.com/question/15313354
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Which management perspectives typically consider an organization to be a closed system? (choose every correct answer.)
Management perspectives typically consider an organization to be a closed system are Classical manage viewpoint and management science perspective.
Classical management theory includes setting goals, provide training and rewards of the tasks by which the employees of the company are motivated. Actually in the is system tasks are divided into smaller parts that would easy to handle and increase efficiency and productivity of company.
The mathematical or management science approach, sees management as a logical entity whose actions can be represented in terms of mathematical symbols, relationships, and measurement data. Through the use of mathematical tool, issues can be represented in terms of fundamental relationships, and the model can be expressed in a way that best achieves the desired aim.
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When leadership is defined as an influence process, it means that leadership ______.
When leadership is defined as an influence process, it means that leadership focused on achieving group goals.
Influencing others to follow you is leadership. Anyone who has the ability to persuade others to follow them is a leader. Leadership occurs not just among people who hold formally designated "leadership positions," but also at all levels of organizations and society. Varied people, cultures, and contexts have different definitions of what leadership is. But the role is always complex.
Exactly why is leadership crucial?
All businesses require effective leadership. Organizations that are well-led are typically more productive, competitive, and change-responsive. Their staff members are more engaged and driven because they have a clearer understanding of where they are going and why. Success in producing leaders tends to increase an organization's long-term profitability.
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do you think Teasha made the right economic choice in opening her own business?
Based on the statistics of opening one's own business, Teasha made the right economic choice to open her own business depending on how successful she turns out.
Should we open our own businesses?Opening your own business comes with a lot of risks and stress that can lead to the business failing. This is why only 35% of businesses remain open after their first 10 years according to statistics.
This does not mean that we should not open our own businesses, it just means that there is a chance the business will fail. That being said, there are many upsides to running your own business such as your earnings potential being quite huge as you take profits and not a salary.
The point is, Teasha may or may not have made the right economic decision to open her own business. But, it was a good decision altogether because even if the business fails, she would have gained experience. And there is a 35% chance that she will still be open in 10 years and if she is, then it was a good choice.
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Answer:the dude above me is right
Explanation:
it helped me get a good grade
A replacement computer will cost you $1,500, but save you $950 each year because of the faster processor. what is the payback period of the computer? group of answer choices
The payback period of the company was 0.63 years.
Given here, the replacement cost =$1500 and savings per year of replacement is $950.
Payback period can be calculated by the formula,
Payback period = Replacement cost/savings per year
Payback period = $1500/$950
= 0.63 years.
Thus, payback period was calculated and found to be 0.63years.
Payback period is commonly used by investors to calculate their returns. The payback period is the time required to recoup the cost of an investment or the amount of time required for an investor to break even.
Longer payback times are unfavourable, while shorter paybacks make investments more appealing. Payback period can be determined by dividing investment amount by the annual cash flow.
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A buyer wants to take out an fha loan. the broker should refer the buyer directly to ______________
A buyer wants to take out an fha loan. the broker should refer the buyer directly to any approved lending institution such as a bank or savings and loan .
What Is a Federal Housing Administration (FHA) Loan?A Federal Housing Administration (FHA) advance may be a home contract that's insured by the government and issued by a bank or other loan specialist that's approved by the agency. FHA credits require a lower least down payment than numerous ordinary advances, and candidates may have lower credit scores than is ordinarily required.
The FHA advance is planned to assist low- to moderate-income families accomplish homeownership. They are especially prevalent with first-time homebuyers
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Monopolies make more money because the produce more of a good than would be produced in a pc market/
a. true
b. false
It is true that monopolies make more money because they produce more of a good than would be produced in a pc market.
What Is a Monopolistic Market?A monopolistic market is where one firm produces one product.A key characteristic of a monopolist firm is that it's a profit maximizer.A monopolistic market has no competition, meaning the monopolist controls the price and quantity demanded.The level of output that maximizes a monopoly's profit is when the marginal cost equals the marginal revenue.In a competitive market, on the other hand, competitors will tend to drive down the marginal cost and erode profitability.
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If+you+invest+$2,000+at+the+end+of+each+year+for+five+years+and+you+earn+7%+interest+compounded+annually,+how+much+will+you+have+accumulated+at+the+end+of+the+fifth+year?
If you invest $2,000 at the end of each year for five years and earn 7% interest compounded annually, you have accumulated at the end of the fifth year will be $ 11,501 Investment Future Value.
Compound Interest
The interest that is calculated using both the principal and the interest that has accrued during the previous period is called compound interest. It differs from simple interest in that the principal is not taken into account when determining the interest for the subsequent period with simple interest.
Interest that is calculated on both the initial lump sum and the interest that has previously accrued is known as compound interest. If a lump amount (PV) is placed in an account earning a rate of compound interest, it will eventually increase in value over a period of time (n) (FV).
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A corporation is ultimately controlled by its board of directors. group of answer choices true false
It is untrue that the board of directors of a corporation ultimately controls it. It is a corporation, making it a separate legal person from its owners.
A corporation is a legitimate entity that exists independently of its owners. Many of the same legal rights and obligations that apply to individuals also apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes.
The majority of big companies are corporations, such Toyota Motor corporation. Some businesses operate both under their own names and under several trade names, such as illustrious parent company, Alphabet Inc.
While a corporation's exact legal definition varies from one jurisdiction to the next, restricted liability is always its most crucial feature. As a result, shareholders are not individually responsible for the debts of the business but may share in the gains through dividends and stock appreciation.
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The triangle of meaning consists of ____________, _____________, and _____________.
The triangle of meaning is a communication model that shows the connection between a thought, a symbol, and a referent while emphasizing the symbol's inverse relationship to the referent. The model explains how there can be numerous different referents for a single symbol, which can cause confusion.
Information sharing within and outside of a company is referred to as business communication. The way employees interact with one another and conduct business is crucial to a company's success.
Information sharing in the workplace and with external parties is referred to as business communication. To achieve organizational goals, management and employees must interact effectively in the workplace. Its goal is to enhance organizational procedures and lower errors.
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What are the four career areas in which deca prepares emerging leaders and entrepreneurs?.
DECA prepares emerging leaders and entrepreneurs in,hospitality, finance, marketing,and management in high schools and colleges around the world.
What are the four career areas in which DECA prepares emerging leaders and entrepreneurs?
DECA stands for Distributive Education Clubs of America, which is a an association comprising of marketing students who are encouraged to develop business and leadership skills which is achieved through competitions and academic conferences.
DECA, aligns with the development of century's latest skills of creativity, critical thinking innovation, communication, collaboration and problem solving.
DECA prepares emerging leaders and entrepreneurs in,hospitality, finance, marketing,and management in high schools and colleges around the world.
These emerging leaders series prepares the members to be effective leaders in career and this provide a venue for further competitive programs and additional developmental programs.
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The cost of robots used on an automotive assembly line is an example of a cost for:________
The cost of robots used on an automotive assembly line is an example of a cost for resources.
A ready source of assistance, support, or supplies, especially one that is accessible when needed. resources, a nation's overall wealth, or its economic infrastructure. Typically, resources are money or any type of asset that can be sold for cash; assets.
Anything that is useful and enhances your life is a resource. Every element of nature that is useful to humans, such as air, water, food, plants, animals, minerals, and metals, is referred to as a "Resource". Each of these resources has a different value depending on its utility and other elements.
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As inventory and ppe assets on the balance sheet are consumed, they are reflected:_________
As inventory and ppe assets on the balance sheet are consumed, they are reflected as expense on the income statement.
As inventory and ppe assets on the balance sheet are consumed, they are reflected as expense on the income statement.
Paying suppliers, paying employees, leasing facilities, and depreciating equipment are examples of frequent expense. Businesses are permitted to deduct tax-deductible expenses from their taxable revenue on their income tax returns in order to reduce their tax liability. However, there are tight guidelines set forth by the Internal Revenue Service (IRS) regarding which costs companies may deduct.
The operational costs a business bears in order to make money are referred to as expenses. Businesses may deduct tax-deductible expenses on their income tax returns as long as they comply with IRS regulations. One of two accounting methods—cash basis or accrual basis—is used by accountants to record expenses.
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Into the abyss is an outdoor clothing company that is just starting to conduct analyses on new data. which approach would be the appropriate first step before employing more complex analyses?
Into the abyss is an outdoor clothing company that is just starting to conduct analyses on new data. The approach would be the appropriate first step before employing more complex analyses. descriptive analytics.
Descriptive analytics is the technique of parsing ancient facts to higher apprehend the adjustments which have taken place in a commercial enterprise. the usage of a range of ancient records and benchmarking, decision-makers obtain a holistic view of overall performance and tendencies on which to base commercial enterprise methods.
Descriptive evaluation can be categorized into 4 types that are measures of frequency, primary tendency, dispersion or version, and position. those strategies are optimal for a single variable at a time.
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If the annual interest rate is 0 percent, the present value of receiving $210 in the next year is:________
a. $201.
b. $210.
c. $221.
d. $200.
The present value of receiving 210$ next year is (b)210$
Given, that the annual interest rate is 0%.
Therefore, the present value can be calculated by the formula,
Present value (PV) = FV/(1+R)т
Where, FV is future value , R is interest rate and т is time.
On putting value of FV, R and т we get,
Present value (PV) = 210(1+0) *1
Present value = 210$
So, the present value is found to be 210$
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value plays great role to predict how much an investment made now will be worth in the future.
A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money.
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An organization's __________ enables the processing, storing, and transmitting of data at the organization level.
An organization's information systems infrastructure enables the processing, storing, and transmitting of data at the organization level.
What is information systems?Information systems have a critical role in organizations. Practically all companies and organizations depend on information systems and their operations. Therefore, robustness and reliability are key issues in information systems and information systems infrastructures. Trustworthiness of technologies and systems is important, meaning that these need to be the goals of information systems management and development. Information systems need to be developed so that robustness and flexibility could be built into information systems and infrastructures. The goal is to develop systems that enable rather than restrict, so that systems act as a robust basis for activities and operations, and make it possible to reach for operative and strategic goals.To learn more about information systems, refer: https://brainly.com/question/13299592?referrer=searchResults
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Under what circumstances may a cash-method business be allowed to use the cash method to account for inventory? (check all that apply.)
Under following circumstances may a cash-method business be allowed to use the cash method to account for inventory:
1. It is predominantly a retail business, and during the past three years, average yearly gross receipts have not exceeded $26 million.
2. It is predominantly a service-based company, and over the last three years, average gross receipts have not exceeded $26 million each year.
What is Cash-method Business?Cash basis accounting would result in significant discrepancies between inventory accounting and reported revenues and expenses if a corporation elected to monitor purchases and sales using this method.
Both the overall cash method and the overall accrual method of accounting are generally acceptable for small businesses. A taxpayer can postpone revenue under the cash method (which is often simpler than the accrual method) until cash is received; but it cannot deduct expenses until the money has actually been paid.
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the similarities of African countries
The similarities between African countries are:
Background on Agriculture in Africa
Despite the great potential for agricultural production in Africa,UNDP states that about 73% of the poor people living in rural areas subsist on less than a dollar a day.In addition, the continent has about 200 million of the world’s hungry people (Millennium Development Goals (MDGs) Technical Support Centre.Furthermore, available statistics suggest that about one-third of the continent’s population is malnourished.Africa is also the only continent where food production has been falling over the years.One of the maximum famous suggestions for the origins of the time period 'Africa' is that it's far derived from the Roman call for a tribe living in the northern reaches of Tunisia, believed to possibly be the Berber human beings. The Romans variously named these human beings 'Afri', 'Afer', and 'If'.
It is brimming full of big things. As the second biggest continent in the world, Africa is jam-full of a number of the world's biggest things: the biggest desolate tract within the globe, the Sahara wilderness (explore it on our Morocco itineraries). The longest river in the world, the Nile River, runs for 6,853km (4,258mi).
Luxembourg is a small, landlocked U. S . Positioned in western Europe and bordered by means of Belgium, France, and Germany. With a population of 642,371, Luxembourg is the simplest Grand Duchy in the world. Its GDP in keeping with a capita of $a hundred and forty,694 makes it the sector's richest.
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If a bank has a positive gap, an increase in interest rates will cause interest income to __________, interest expense to __________, and net interest income to __________
If a bank has a positive gap, an increase in interest rates will cause interest income to increase, interest expense to increase, and net interest income to increase.
A bank is a monetary organization that accepts deposits from the public and creates a call for deposit even as concurrently making loans. Lending sports can be immediately done through the bank or in a roundabout way via capital markets.
A financial institution is a monetary institution this is certified to simply accept checking and savings deposits and make loans. Banks also offer related offerings which include character retirement debts (IRAs), certificate of deposit (CDs), currency exchange, and secure deposit packing containers.
Bank, an group that offers in money and its substitutes and gives different money-associated services. In its position as a economic intermediary, a bank accepts deposits and makes loans.
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The issuance of common stock is recorded with a debit to ______ and a credit to ______
A debit to the left and a credit to the right are recorded when common stock is issued.
In general, "stocks" refers to the ownership certificates of any firm. A share, on the other hand, refers to a company's stock certificate. An individual who owns stock in a particular firm is known as a shareholder. The two different stock categories are preferred and common.
It defines a stock example.
A company's ownership portion is referred to as stock. An example of stock would be 100 Disney Corporation shares.
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On an average, there are 2 visits to a supershop per minute. what is the probability that the supershop will have 100 customer visits within the next 1 hour?
The probability that the super shop will have 100 customer visits within the next 1 hour is 0.0068.
What is Probability:
Probability can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event. For an experiment having 'n' number of outcomes, the number of favorable outcomes can be denoted by x. The formula to calculate the probability of an event is as follows.
Probability(Event) = Favorable Outcomes/Total Outcomes = x/n
Now,
Given:
Number of visitors entering a supershop,
λ=2 per minute
=2×60per 60 minutes
=120per hour
Let
x represents the visitors entering a supershop per hour, as per Poisson distribution, the probability mass function of x can be given as:
P(x=r) = e^−λ * λ^r / r!
The probability that the supershop will have 100 customer visits within the next 1 hour:
P(x=100) = e^−120 × 120^100 / 100!
≈ 0.0068.
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Joshua purchased a game card for the arcade for a total of $15. he played two basketball hoop games for $2.75 each and three rounds of air hockey for $1.25 each. how much did he have left on the game card? $5.50 $5.75 $9.25 $11.00
The amount left on the card will be $5.75. The game card was purchased for $15. The basketball hoop games are $2.75 each. The three rounds of air hockey are $1.25 each.
The total amount of the game card is $15.
(Less ) Games of basketball played 2 × 2.75 = $5.5
(Less) Games of air hockey played 3 × 1.25 = $3.75
The total amount left on the game card is $5.75
When we go to gaming arcades we are required to buy game cards. In these, we can input certain money and these can be used later also. These require to be swiped at the different games and according to the price of the game the amount of the game card will keep on reducing.
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A hotel purchases goods for $5,000 on credit. If the supplier offers terms of 2/10, n/30, what is the amount the hotel will pay if it pays within the discount period?.
The amount the hotel will pay if it pays within the discount period is $4,900.
Given: Purchased goods for $5,000 on Credit.
Terms are 2/10, n/30.
Accordingly, customers must pay the full amount in 30 days or can deduct 2% from the balance owed if they pay within 10 days.
They will save: if they pay before the discount period expires.
Pay 5,000 * 0.02, which is $100, as follows:
5,000 - 100 = $4,900
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Ghost riders company has an eps of $1.68 that is expected to grow at 8.8 percent per year. if the pe ratio is 19.45 times. What is the projected stock price in 7 years?
Ghost riders company has an eps of $1.68 that is expected to grow at 8.8 percent per year. Price in 7 years is $58.97.
EPS = $1.68
PE Ratio = 19.45 times
growth rate, g = 8.8%
EPS7 = EPS * (1 + g)^7
EPS7 = $1.68 * 1.088^7
EPS7 = $3.0319
Price in 7 years = EPS7 * PE Ratio
Price in 7 years = $3.0319 * 19.45
Price in 7 years = $58.97
A company is a criminal entity shaped by a collection of individuals to interact in and function a business—business or commercial—corporation. A organisation may be prepared in diverse methods for tax and monetary liability functions depending at the corporate law of its jurisdiction.
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Suppose the digby company begins to compete through good designs, high awareness and easy accessibility for their existing products, what strategy would they be implementing?
The Digby team will select a Broad differentiation strategy for spreading its existence in every market segment.
What is Broad differentiation strategy?A broad differentiation strategy consists of building a brand or business that is different in some way from its competition. It is applied to the industry and will appeal to a vast range of consumers.Under this strategy, the Digby company will get a competitive advantage by differentiating their products with unique designs, product awareness, and easy availability. They have amazing research and development teams to keep their products exciting and the prices are quoted above average.
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A+firm+operated+at+80%+of+capacity+for+the+past+year,+during+which+fixed+costs+were+$200,000,+variable+costs+were+66%+of+sales,+and+sales+were+$931,000.+operating+profit+was:________
The operating profit was found to be $116,540.
Given, here the no. of sales = 931000 and variable costs percentage of sales = 66% and fixed cost is $200000
First, we calculate variable cost by multiplying percentage of sales to no of sales.
Variable cost = 931000× 66= $614460
Now, we calculate operating profit by the formula,
Operating profit = sales – variable cost – Fixed cost
Operating profit = 931000 - 614460 - 200000
= $116,540.
The sum of a company’s earnings from its core business operations for a specific time period, before deducting interest and taxes, is known as operating profit. It does not include any gains from additional investments, such as earnings from other companies in which the corporation owns a stake.
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When working together on a group writing project, what is the most important stage of the process?.
When working together on a group writing project, planning is the most important stage of the process.
A project is any mission, finished individually or collaboratively and likely concerning research or layout, that is carefully planned to achieve a particular intention.
Simply placed, a assignment is a series of tasks that want to be finished to reach a particular outcome. A mission can also be described as a fixed of inputs and outputs required to acquire a particular goal. initiatives can variety from simple to complex and can be managed with the aid of one individual or a hundred.
A challenge is a 1-time occasion with a particular starting and cease date. a few examples of projects are: disaster recuperation efforts. The design of a software program application. the development of a bridge.
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The stated interest payment made on a bond is called the:_________
a. face value.
b. yield to maturity.
c. coupon.
d. maturity rate.
e. discount rate.
The stated interest payment made on a bond is called the bond’s coupon. The correct option to this question is c i.e. Coupon.
A coupon is the annual interest rate paid on a bond and is stated as a percentage of the face value, paid from the date of issue till the maturity of the bond. It is usually referred to as a coupon rate i.e. sum of paid coupons per year by the bond’s face value.
Coupon rate = annual payments ÷ face value
The other options are incorrect because:
Face value is the nominal value of any security stated by the issuing authority on the front of the security.Yield to maturity refers to the total return expected on a bond if it is held to maturity. Maturity means the date on which a transaction or a financial tool ends. Maturity rate is not an existing term.Discount rate can either be the interest rate charged by the federal reserve for short term loans to commercial banks or the rate that determines the discount on future cash flows in a discount cash flow analysis (DCF analysis).You can learn more about bond's coupon at
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Suppose that currently 30 million hamburgers are being produced and sold at a price of $7.50. this outcome in the market for hamburgers is economically because:________
The opportunity cost of producing the last hamburger equals the marginal benefit of consumption.
A hamburger, or simply burger, is a dish made up of fillings that are commonly a patty of ground beef that is placed inside of a sliced bun or bread roll. In addition to commonly being served on sesame seed buns, hamburger are frequently topped with cheese, lettuce, tomato, onion, pickles, bacon, or chilis. They may also come with ketchup, mustard, mayonnaise, relish, or a "special sauce," which is frequently a variant of Thousand Island dressing. The term "cheeseburger" refers to a hamburger with cheese on top. In the United Kingdom, where the word "patty" is not frequently used, the phrase "burger" can also be used to refer to the meat patty alone, or it can even just mean ground beef.
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Assuming that hud has no convertible bonds outstanding, then for the year ending december 31, 2016, hud's diluted earnings per share are closest to?
Diluted Earnings Per Share = Net income / (Shares outstanding + Options contracts outstanding + shares possible from convertible bonds outstanding) = 10.6/ (10+0.3+0.0) = 1.03
So, Diluted Earnings Per Share = $1.03
What do you mean by Diluted Earnings Per Share?The profitability calculation known as diluted earnings per share, or diluted EPS, estimates the income that each share will receive if all of the dilutive securities are realized.
In other words, it displays the impact on basic earnings per share of dilutive securities such as stock options, the right to purchase common shares, bonds, and preferred stock that is convertible into common shares.
The fundamental formula for calculating earnings per share divides the difference between net income and preferred dividends by the typical number of outstanding common shares. The income that is now accessible to the company's common shareholders is calculated using this formula.
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