1. The per-unit inventory holding cost H is $1 per gallon.
2. The reorder point should be set to 30 gallons.
3. The value of L is 6.25 days.
1. Per-unit inventory holding cost H:
Let's assume that the order quantity is Q. In this case, Q = 400 gallons. Ordering cost S is $200 per order. If H is the per-unit inventory holding cost, the total cost of inventory can be given as
TC(Q) = (H x Q/2) + (DS/Q)
Let us determine H:
H = TC(Q)/ (Q/2)
H = (S x Q) / (Q/2)
H = (S x 2) / Q
H = (200 x 2) / 400
H = 1 Dollar per gallon
So the per-unit inventory holding cost H is $1 per gallon.
2. Reorder point: A reorder point is a level at which new stock is ordered to replenish the inventory. When the stock reaches a certain minimum level, it's time to reorder. If the lead time is L, then the demand during the lead time is L x d. The reorder point R can be given as R = L x d + zσd, where σd is the standard deviation of demand, and z is the z-score corresponding to the service level. In this case, the service level is 94 percent, and z can be calculated as 1.88.
Here, d = 35 gallons per week, L = 4 days, and σd = 8.48 gallons per week.
Therefore, R = L x d + zσd = (4/7) x 35 x 1 + 1.88 x 8.48 = 29.77 gallons.
Therefore, the reorder point should be set to 30 gallons.
3. Value of L: If the reorder point should be set to 36.5 gallons, then we can use the formula for the reorder point
R = L x d + zσd.
In this case,
R = 36.5 gallons,
d = 35 gallons per week, and z = 1.88.
Let's assume that σL is the standard deviation of lead time L.
Then, we can use the formula R = L x d + zσd to find σL. Substituting the values of R, d, z, and σd, we get:
36.5 = L x 35/7 + 1.88σL36.5 - (L x 5) = 1.88σL
The mean lead time is given as 4.6 days.
Therefore, L = 4.6 x 7/5 = 6.44 days.
Substituting the value of L, we get:
36.5 - (6.44 x 5) = 1.88σLσL = 6.25
Therefore, the value of L is 6.25 days.
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Some industries’ competition is much more intense than others. Retail grocery stores such as Kroger, Safeway, and Albertson’s in the United States experience fierce competition and offer similar marketing campaigns to compete. What is this an example of in terms of Porter’s Five Forces Model? Multiple Choice rivalry among new entrants rivalry among existing competitors threat of substitute products or services buyer power
Answer:
rivalry among existing competitors
Explanation:
The Porters' 5 forces is used to analyse the competitiveness among firms in an industry.
Porter's 5 forces include :
Competition in the industry : the higher the number of companies in the industry, the lower the power an individual firm possesses. For example, if an industry increases it price, a consumer can easily shift to the consumption of substitutes Potential of new entrants into the industry : If there are low barriers to entry in an industry, firms in the industry experience greater competition Power of suppliers : the higher the number of suppliers in the industry, the higher the bargaining power of firms in the industry and the greater the power they possess Power of customers : the larger the number of customers, the greater the power firms possess Threat of substitute product : if there are little or no substitutes for the goods produced by companies, the greater the power the firms possessWigmore, incorporated, has estimated sales of $20,200, $21,825, $20,170, and $21,900 for each quarter next year, respectively. The accounts receivable period is 75 days. What is the expected accounts receivable balance at the end of the second quarter? assume each month has 30 days
The expected accounts receivable balance at the end of the second quarter is $11,250.
This represents the amount of money that Wigmore, Incorporated can expect to receive from its customers who have purchased goods on credit during the second quarter.
To calculate the expected accounts receivable balance at the end of the second quarter, we first need to calculate the total credit sales for the quarter.
The credit sales for the second quarter can be calculated as follows: Credit sales for Q2 = (Sales for Q2 / number of days in a year) x accounts receivable period Credit sales for Q2 = (21,825 / 365) x 75 Credit sales for Q2 = $4,500
We need to calculate the accounts receivable balance at the end of the second quarter, which is equal to the total credit sales for the quarter multiplied by the accounts receivable period:
Accounts receivable balance at the end of Q2 = Credit sales for Q2 x accounts receivable period
Accounts receivable balance at the end of Q2 = $4,500 x (75 / 30) Accounts receivable balance at the end of Q2 = $11,250
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in October 2001 president George w bush gave directions to establish the office of homeland security and the homeland security council. what is this an example of? A. treaty B. executive order C. agency regulation D.Statute
Answer:
agency regulations i think
When an advertising campaign for a new product is first launched, which type of advertising would be most helpful in building awareness?.
Answer:
Informative.
Explanation:
__________ is a control mechanism in which organizations make sure that the right people do the right things at the right time.
The hierarchy of authority is a control mechanism in which organizations ensure that the right people do things at the right time.
What the organizational structure?It is the set of components that make up the organizational whole, making its structure and systems aligned with its central objective. The structure is composed of three factors:
ComplexityFormalizationCentralizationTherefore, the hierarchy of authority is a part of the centralized organizational structure that will ensure that processes run correctly.
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Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total variable cost is $675,000, the markup percentage to the variable cost using the variable cost method is:_______________
Answer: the markup percentage= 40 %
Explanation:
Markup, usually expressed as a percentage is the price one gets after selling a product from the difference of the purchase cost and selling price. The greater the markup, the more profit after sale of products.
To compute the markup percentage to variable cost using the variable cost method, we use the formulae
Markup=Target profit + fixed overhead cost + fixed selling and administrative costs) / total variable cost
$100,000 + $120,000 +$50,000 /$675,000
=0.4 x 100 = 40%
Markup percentage =40
What is a public good?
A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment
B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment
C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment
D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
I believe your answer is B
A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment
What are the current fiscal and monetary policies of the Biden administration
In August 2022, his Inflation Reduction Act became law. Real GDP, salaries, employment, stock market returns, and household net worth all experienced significant increases in Biden's first year in office (2021), but inflation also rose.
The unemployment rate averaged 3.6% in his second year (2022), which was the lowest level since 1969. Compared to President Joe Biden, his administration's GDP growth was by far the highest, increasing by more than 1%. But he also had the third-highest unemployment rate and the highest inflation rate.
On Wednesday, January 20, 2021, Joe Biden was sworn in as the 46th president of the United States, beginning a four-year administration that also included Kamala Harris as vice president.
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organizational culture refers to ________
Organizational culture refers to the proper way to conduct and behave within an organization.
Organizational culture refers to the way of behaving within organizations. The organizational culture involves the common beliefs, expectations, values, and practices established by the concerned authority that guide and direct the actions of employees working in the organization. A positive organizational culture is vital to establishing the characteristics necessary for the success of the organization.
Since positive organizational cultures provide a base for improved performance, there are multiple outcomes associated with them such as raising market shares, improving organizational outcomes, boosting work attitude, making customers more satisfied, and increasing the financial performance of the business.
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Fill in the gaps using second conditional. /2
If she (know) __________ the answer, she would win the prize.
If I (be) ___________ a rich man, I would buy a Mercedes Benz.
They would stay longer, if they (has) _________ more time.
If I (understand) __________ what the teacher said, I could tell you.
plz tell hurry
Answer:
knew
were
had
understood
A ground-dwelling plant grows along a chain-link fence
Answer: Very instresting?
Explanation:
How do economists attempt to predict the next business cycle? (leading economic indicator, Dow Jones
Industrial Average, leading economic index, econometric models)
I need very quickly please!
Answer:
Leading economic indicator.
Explanation:
Leading economic indicators are objective data regarding the economy of a given country or region, which allow projections of future development of the economy of that place. Thus, based on data such as the current economic performance of the place, inflation, the exchange rate, the unemployment rate, etc., projections can be made about how the future economic cycles of the place will develop.
explain and discuss how an individual makes choices
based on their budget constraint. Also, discuss a recent purchase decision that you made
where you used the process of the budget constraint.
By considering my budget constraint and evaluating different options, I ensured that I made a purchase decision that aligned with my financial limitations and provided the most value for my money.
An individual makes choices based on their budget constraint by considering their limited income and the prices of goods and services they can afford. The budget constraint represents the various combinations of goods and services that an individual can purchase given their income and the prices of those goods.
A recent purchase decision where I used the process of the budget constraint was buying a new smartphone. I had a specific budget in mind, and I considered the prices of different smartphone models available in the market. I compared their features, specifications, and prices to assess their value for money.
Using my budget constraint, I narrowed down my options to a few models that fell within my budget range. I considered the trade-offs between features, quality, and price. Eventually, I chose a smartphone that offered the best combination of features and affordability within my budget constraint.
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What is the total cost to conduct a market research survey will $500 base fee plus $3 per question and 1.25per person surveyed? The survey has 13 questions and will be sent to 300 people.
answer: The survey has 12 .
Explanation:
Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the company planned for activity of 105 births, but the actual level of activity was 101 births. The actual wages and salaries for the month was $26,470. The activity variance for wages and salaries in October would be closest to:
Answer:
wages and salaries activity variance= $1,000 unfavorable
Explanation:
Giving the following information:
Standard:
Fixed= $1,230
Variable= $240 er birth
Actual:
101 births.
The actual wages and salaries for the month was $26,470.
To calculate the activity variance for wages, we need to use the following formula:
wages and salaries activity variance= (actual costs - standards costs)
standards= 1,230 + 240*101= $25,470
wages and salaries activity variance= (26,470 - 25,470)
wages and salaries activity variance= $1,000 unfavorable
What is the difference between a cash flow statement and a Budget?
Answer:
See below
Explanation:
A cash flow statement is among the financial statement prepared by a company at the end of every financial period. It details the cash movements, in and out of business. The cash flow statement tells the amount of cash that a business holds at any particular time. It shows whether a company generates sufficient cash to pay debts and fund its operations.
A budget is a plan showing expected incomes and expenses for a financial period. It indicates the income an individual, firm, or country expects to receive in a period and how the income will be spent. A budget is also known a plan of expenditure.
outline 2 advantages to H&H of using secondary market research
Jimmy Langenberger is the president of TemPro, Inc. , a company that provides temporary employees for not-for-profit companies. TemPro has been operating for five years; its revenues are increasing with each passing year. You have been hired to help Jimmy analyze the following transactions for the first two weeks of April: a. Billed the local United Way office $ 23,500 for temporary services provided. B. Paid $ 3,005 for supplies purchased and recorded on account last period. C. Purchased supplies for the office for $ 2,600 on account. D. Purchased a new computer for the office costing $ 3,800 cash. E. Placed an advertisement in the local paper for $ 1,400 cash. F. Paid employee wages of $ 11,900. Of this amount, $ 3,800 had been earned by employees and recorded in the Wages Payable account in the prior period. G. Issued 3,000 additional shares of common stock for cash at $ 45 per share in anticipation of building a new office. The common stock had a par value of $ 0. 50 per share. H. Received $ 12,500 on account from the local United Way office for the services provided in (a). I. Billed Family & Children's Service $ 14,500 for services rendered. J. Purchased land as the site of a future office for $ 10,000. Paid $ 3,000 cash as a down payment and signed a note payable for the balance. K. Received the April telephone bill for $ 1,950 to be paid next month.
Required:
For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E)
Billed the local United Way office $ 23,500 for temporary services provided. Thus, option A is correct.
What is credit union?Credit union is defined as a non profit money making cooperative in which the members of that particular group can ask to borrow money from the funds available at that time with very low rate of interest. The credit union is a non profit institution but bank is a for the profit institution.
The main difference between a bank and a credit union will be that the credit union is a non profit institution but bank is a for the profit institution.
Therefore, Billed the local United Way office $ 23,500 for temporary services provided. Thus, option A is correct.
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The infographic suggests making small payments on your student loans even before they’re due, yet that won’t automatically get you a credit card. What would be the benefit of making these early loan payments?
The benefit that a student can obtain by paying off his student loan before the due date is that his debt is diminishing.
What is a student loan?
A student loan is an aid offered by some public and private entities to those students who are going to start their university studies to lend them the money that their degree is worth.
These entities then establish fees that the student must pay from time to time. However, several of these entities charge interest and other percentages for lending this money to students.
What is the benefit of making small advance payments?
The benefit of paying in advance is that the student will pay off his loan more quickly, which will free him/her from paying higher interest in the future.
Note: This question is incomplete because the infographic is missing. However I can answer it based on my prior knowledge.
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Answer:
The benefit of paying off a student loan before the due date is that the student's debt is reduced.
why do middle adults commonly experience financial concerat present, the average life expectancy is years, while the maximum life expectancy is estimated at years.ns?
While planning for retirement, they still need to take care of their daily financial obligations. Between the ages of 19 and 60, the mean pulse rate is 70 beats per minute.
Which factors contribute to a shorter life expectancy?Gender, genetics, access to healthcare, hygiene, diet and nutrition, exercise, lifestyle, and crime rates are all important variables that affect life expectancy. Evidence-based research shows that genetics and lifestyle choices are the two main determinants of longevity.
Why does diabetes mellitus prevalence rise with age?Due to the effects of aging-related pancreatic islet dysfunction and increased insulin resistance, older adults are at a high risk of developing type 2 diabetes.
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Which of the following is an example of strategic human resource management?
1. Meeting with members of a particular department to find out why employee turnover is so high
2. All of the answers are examples of strategic human resource management.
3. Hiring replacements for employees who have left a department with high turnover as soon as possible
4. Taking as much time as necessary to hire replacements for employees who have left a department with high turnover
Answer:
1
Explanation:
Meeting with members of a particular department to find out why employee turnover is so high is an example of strategic human resource management. Thus, the correct answer is option 1.
What is strategic human resource management?Strategic human resource management (HRM) is a framework that connects people management and development practices to long-term company goals and outcomes.
It is concerned with longer-term resource concerns in the context of an organization's goals and the changing nature of work. It also influences other HR strategies, such as reward and performance, by establishing how they fit into the larger corporate plan. It contributes to ensuring that the many parts of people management collaborate to drive the behavior and climate required to create value and reach performance goals.
Therefore, option 1 is the appropriate example of strategic human resource management.
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Which is true? Group of answer choices Persistence is an excellent quality for service desk analysts as it allows them to find permanent solutions and eliminate incidents. By analyzing trends and eliminating root causes of problems, analysts can help reduce the number of incidents. Problem solving is an innate skill but it is a skill that can be improved with practice. All of the above.
Answer: All the above is true
Explanation:
Persistence is an excellent quality for service desk analysts as it allows them to find permanent solutions and eliminate incidents; Persistence is needed because of patience and courageous determination of the individual to see a task through.
By analyzing trends and eliminating root causes of problems, analysts can help reduce the number of incidents; analysis ensures that there is an easy way to do something or carry out an event better that the previous time.
Problem solving is an innate skill but it is a skill that can be improved with practice; Problem solving is natural but becomes more realistic when you're solving problems.
.If a firm has already paid an expense or is obligated to pay one in the future, regardless of whether a particular project is undertaken, that expense is a
committed cost
complementary cost
obligated cost
sunk cost
The expense you are referring to, which has already been paid or is obligated to be paid in the future regardless of a project's outcome, is called a sunk cost. Option D is answer.
Sunk costs are costs that have already been incurred and cannot be recovered, regardless of the decision made regarding the project. These costs are not relevant to future decision-making because they are irretrievable.
Committed costs, on the other hand, refer to costs that a firm is contractually obligated to pay in the future as a result of a prior commitment or agreement. These costs are typically associated with ongoing contracts or long-term obligations and are relevant to decision-making as they represent future cash outflows.
Complementary costs are costs that are incurred in addition to the main cost. They are necessary expenses that are incurred to support or accompany the primary cost.
Obligated costs are costs that a firm is legally or contractually bound to pay. These costs arise from obligations or commitments, such as contracts, agreements, or legal requirements.
In summary, while the expense you mentioned can be considered an obligated cost, it specifically falls under the category of a sunk cost (option D).
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1. Suppose that incomes have fallen on average, and that the state of Florida had an extremely favorable growing season for its orange crop. How would we expect that this will affect the supply curve and why? (The supply curve can remain static, the supply curve can shift to the left, we do not have enough information to say, or the supply curve will shift to the right)
Due to severe weather and a disease that affects citrus fruit, Florida's orange harvest is anticipated to fall to its lowest level since before World War II. Orange juice costs would rise as a result of this further reducing the state's already meager supply.
Where Florida is Located?Florida is a state located in the southeast region of the United States. It is bordered by the Atlantic Ocean and Bahamas to the east and southeast, Georgia to the north, Alabama to the north and northwest, the Straits of Florida to the south, and the Gulf of Mexico to the west.
The Atlantic Ocean and the Gulf of Mexico both border this state, making it unique. With approximately 21 million residents and a land size of 65,758 square miles, Florida is the 22nd-largest state in the nation by both population and area (170,310 km2).
The Miami metropolitan area, which is funded by Florida, is the state's largest metro area even though Jacksonville is the largest city in terms of area.
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An example of a risky short term investment strategy is
Answer:
stocks are unpredictable and can be considered a risky short term investment, but if it goes well it will be considered a good risky investment strategy
Explanation:
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: * \$3 per unit variable;
$249,000
fixed each year. The company's
$38
unit product cost is computed as follows: Production and cost data for the first two years of operations are: Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year.
The difference in net operating income under absorption costing and variable costing is due to the treatment of fixed manufacturing overhead. Absorption costing includes fixed overhead in the product cost, while variable costing expenses fixed overhead in the period it is incurred.
What exactly is a variable cost?Variable cost is a type of cost that changes proportionally with the level of activity or output of a business. This means that as the level of production or sales increases, variable costs also increase, and as production or sales decrease, variable costs decrease.
We need to calculate the variable costing net operating income and the unit product cost using variable costing for both years.
Variable costing means that only the variable manufacturing costs are included in the product cost, and fixed manufacturing costs are treated as period costs and expensed in the period in which they are incurred.
Unit product cost using variable costing for both years:
Year 1:
Direct materials per unit: $11
Direct labor per unit: $8
Variable manufacturing overhead per unit: $2
Unit product cost = $11 + $8 + $2 = $21
Year 2:
Direct materials per unit: $12
Direct labor per unit: $9
Variable manufacturing overhead per unit: $2
Unit product cost = $12 + $9 + $2 = $23
Variable costing net operating income in Year 1 and Year 2:
Year 1:
Unit sales: 100,000
Unit variable cost: $21
Total variable cost: $2,100,000
Total fixed cost: $249,000
Net operating income: $100,000 - $2,100,000 - $249,000 = -$2,249,000
Year 2:
Unit sales: 120,000
Unit variable cost: $23
Total variable cost: $2,760,000
Total fixed cost: $249,000
Net operating income: $120,000 - $2,760,000 - $249,000 = -$2,889,000
Reconciliation of absorption costing and variable costing net operating income figures for each year:
The difference between the net operating income figures under absorption costing and variable costing is due to the difference in accounting for fixed manufacturing overhead. Under absorption costing, fixed manufacturing overhead is included in the product cost and is allocated to units based on the number of units produced. Under variable costing, fixed manufacturing overhead is treated as a period cost and is expensed in the period in which it is incurred.
To reconcile the two net operating income figures for each year, we need to calculate the amount of fixed manufacturing overhead that was included in the product cost and therefore included in the inventory under absorption costing.
Year 1:
Fixed manufacturing overhead included in product cost: $6 x 100,000 units = $600,000
Ending inventory under absorption costing: 20,000 units x $38 per unit = $760,000
Fixed manufacturing overhead included in ending inventory: $600,000 x (20,000/100,000) = $120,000
Absorption costing net operating income: -$2,249,000 + $120,000 = -$2,129,000
Year 2:
Fixed manufacturing overhead included in product cost: $6 x 120,000 units = $720,000
Ending inventory under absorption costing: 30,000 units x $38 per unit = $1,140,000
Fixed manufacturing overhead included in ending inventory: $720,000 x (30,000/120,000) = $180,000
Absorption costing net operating income: -$2,889,000 + $180,000 = -$2,709,000
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Hunter i nine year younger than rachel. In ten year hunter will be two-fifth of rachel' age. How old i rachel right now math problem
Rachel is a 26-year-old flight instructor from Clermont, Florida, near Orlando.
“what is 2/5 of 10?”As a number is 4.
26-9= Hunter age
17 is hunter age
Rachel and Rod were married from 1990 until 2006. In her caption she said she had been apart from her kids. ’18 months it’s been. I know so many out there are still missing this moment reconnection with family,’ said Hunter.Rachel confessed in the After the Final Rose special that she had called it quits with her fiancé, Tino Franco. The pair got engaged in Mexico, but the relationship didn’t last. And I mean brief. It ended practically before their love tale was even shown on television. Rachel proposed to Tino on season 19 of The Bachelorette, which she co-hosted with Gabby Windey. However, the two separated up after he kissed another lady, and their breakup was shown in After the Final Rose.
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Making a home inventory (select all that apply)
Question 3 options:
A: will decrease your premium by 5%.
B: will help you get your claim settled faster.
C: will help you to determine how much liability coverage to purchase.
D: will help you to determine how much personal property coverage to purchase.
A : wil dercease your premium by 5% and if my answer is nice like and thanks!!!!!!!
does nestle kitkat follow skimming marketing policy?
Answer:
yes
Explanation:
I think it does anyway
Answer:
Yes they do follow the skimming marketing policy
what’s the best way to help a customer who has worked with multiple agents and hasn’t received the help they need? what things would you say or do to ensure the customers issue gets resolved after you have had the chance to assist them?
To ask the problem a customer is facing and resolving it through customer care is the best way to help a customer, it would be helpful if they are asked to take no stress
The interaction between a product's buyer and the company that sells it is known as customer service. One satisfied customer at a time fosters brand loyalty, which is crucial for business success. Human interaction is occasionally necessary, despite the recent concentration on automating customer care solutions. Customers are the individuals and organisations who purchase goods and services from another business. Some businesses place a high value on their relationships with customers in an effort to uncover ways to improve their goods and services and better understand how to meet the needs of their clients.
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