subject
Business, 06.06.2020 19:02 hollandhogenson

A restaurant uses about 60,000 dozens of steaks per year, which it orders from a supplier. The steaks are used at a reasonably steady rate during the 240 working days per year. It costs $3.00 to keep one dozen of steaks in inventory for one month, and it costs $25.00 to place an order. A dozen of steaks cost $150.00 Required:
a. How many orders will be placed per year?
b. What is the total annual expense of ordering 600 dozen of steak every time?
c. How much is saved per year by ordering the EOQ?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
After discussing the options, the strategic management team has agreed that the pod coffee idea works well with the company's mission statement and decides that the company should move forward in exploring the pod coffee idea. in order to make sure that the pod coffee idea is a good one, and to see if there are other potential future endeavors to pursue, you must analyze the market situation and formulate a strategy. your boss asks you to start working on the pod coffee idea. what is your first stepa. your first step is to formulate a strategy for how to market the pod coffee concept. b. your first step is to consult with your boss and find out what he thinks about the pod coffee idea. c. your first step is to do some research to find out what your competitors are doing. d. your first step is to analyze the organization's strengths, weaknesses, opportunities, and threats.
Answers: 2
question
Business, 21.06.2019 21:20
Abakery wants to determine how many trays of doughnuts it should prepare each day. demand is normal with a mean of 5 trays and standard deviation of 1 tray. if the owner wants a service level of at least 95%, how many trays should he prepare (rounded to the nearest whole tray)? assume doughnuts have no salvage value after the day is complete.
Answers: 2
question
Business, 22.06.2019 11:00
Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld
Answers: 2
question
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
You know the right answer?
A restaurant uses about 60,000 dozens of steaks per year, which it orders from a supplier. The steak...
Questions
question
Mathematics, 21.01.2021 06:10
question
Physics, 21.01.2021 06:10
question
Mathematics, 21.01.2021 06:10
question
Advanced Placement (AP), 21.01.2021 06:10
question
English, 21.01.2021 06:10
Questions on the website: 13722367