Business, 31.05.2020 12:57 datstepparoddoe27
Store-X regularly purchases product-A directly from the manufacturer. The demand of last five weeks of this product is summarized on the table next: Week Demand 1 1970 2 1980 3 2200 4 2400 5 2100 Consider following facts: • Wholesale purchase price is $50 per unit. • Due to tax, interests, and expenses of warehouse, it takes 15% of the purchase price, annually, to store one unit of product-A. • The product is ordered many times a year. Mr. Chang Young Mighty Gang, an employee from China, prepares this order. The hourly wage of Mr. Chang Young Mighty Gang is $70 per hour. To make an order, it takes 90 minutes exactly. To bring the product form the factory to Store-X, it costs $90. • After receiving the ordering request, the manufacturer takes 2 days to deliver the product. • Store-X is closed on every Friday. Based on the above data, answer following questions: a) What is the optimum quantity (Q) purchased on each order that will minimize the total expenses? b) Show that, at this optimum level, holding cost is almost equal to the ordering cost. c) What is the total cost associated with each order? d) What is the reorder point? e) How many orders will take place in a year? f) After how many working days each order will be placed?
Answers: 3
Business, 22.06.2019 09:40
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)
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Business, 22.06.2019 12:10
Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)
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Business, 22.06.2019 20:00
What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.
Answers: 3
Store-X regularly purchases product-A directly from the manufacturer. The demand of last five weeks...
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