What is Inventory? Write down the importance of inventory. (2+4) 06 Z company needs 5000 units per month. Fixed cost for order placement, and receiving is 08 Tk. 5,000/= per order. Each computer costs Tk. 30,000/= and retailer has a holding cost of 30%. You are required to calculate: (i) The number of computers that should be ordered in each lot. (ii) Cycle inventory and Number of orders per year. (iii) Average flow time and Annual holding cost.

Answers

Answer 1

Inventory refers to the stock of goods or materials that a company holds for production, distribution, or sale. It includes raw materials, work-in-progress items, and finished goods.

(i) To calculate the number of computers to be ordered in each lot, we need to consider the economic order quantity (EOQ) formula. The EOQ formula is given by:

EOQ = √((2 × demand × setup cost) / holding cost per unit)

Given: demand = 5000 units per month, setup cost = Tk. 5,000, holding cost per unit = 30% of Tk. 30,000

Plugging in the values, we can calculate the EOQ, which represents the number of computers that should be ordered in each lot.

(ii) Cycle inventory refers to the average inventory level during a production cycle. It is calculated as EOQ/2. The number of orders per year can be determined by dividing the annual demand (5000 units per month) by the EOQ.

(iii) Average flow time represents the average time a computer spends in the inventory system. It can be calculated by dividing EOQ by the demand (5000 units per month). The annual holding cost can be obtained by multiplying the average inventory (EOQ/2) by the holding cost per unit (30% of Tk. 30,000).

By calculating these values, we can determine the optimal order quantity, the inventory level, and the associated costs for Z company.

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Related Questions

The interest accrued on $6,400 at 6% for 75 days is: (Use 360 days a year.) Multiple Choice $448 O $46.

Answers

The interest accrued on $6,400 at 6% for 75 days is $80. This means that after 75 days, the total amount owed would be $6,480 ($6,400 + $80).

To calculate the interest accrued on $6,400 at 6% for 75 days using a 360-day year, we can use the simple interest formula:

Interest = Principal x Rate x Time

Here, the principal is $6,400, the rate is 6%, and the time is 75/360 of a year (since we are using a 360-day year). Thus,

Interest = $6,400 x 0.06 x (75/360) = $80

Therefore, the interest accrued on $6,400 at 6% for 75 days is $80. This means that after 75 days, the total amount owed would be $6,480 ($6,400 + $80).

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state law of diminishing returns​

Answers

Answer:

see below

Explanation:

The law of diminishing marginal returns indicates that in every production process, adding one more input while holding the others constant will result in the overall decrease in output.

According to this law,  adding one more production unit diminishes the marginal returns, and the average production cost increases. Marginal returns refer to the benefits associated with the production of an extra unit.  

The gain derived from the use of more input while keeping all other factor constant decreases as production increases. For example, employing more workers while all other variables remain constant will result in reduced labor productivity.

Financial literacy includes information about income, banking, loans, and credit cards.
True
False

Answers

True, it does include those
It is true hope this helps

How do progressive taxes differ from regressive taxes?.

Answers

Answer:

progressive tax takes a larger percentage of income from high-income groups

regressive tax takes a larger percentage of income from low-income groups than from high-income groups.

Explanation:

its goofub4bu4gb8f493h4gvfb89f4

Answers

Answer:

Cool so use english

Explanation:

the central bank can reduce the level of credit by

Answers

Answer:it can increase the reserve requirements

Explanation:

Does anyone know how to start your own business as a teen? I am trying to start my own beauty business, with face products etc. Also I need name ideas one of that I was thinking of was Natural Beauty. Since I am going to be selling all natural products

Answers

Answer:

i'm no expert but, i think first start out with ideas of the business u wanna do and keep adding on to those ideas you already have and find a business idea you know you can invest in and stick to that business so you can make money you want and supply the products people want and need so, that your making money to help yourself out in life and their getting supplies that are good and don't have harsh chemicals so, it doesn't result in you losing money. Also Natural Beauty is a good name but, i think you might like these three name ideas but, if not its okay go with the name you want since it's your business. Here are the name ideas Natural Essentials, Clear Beauty, or Organic Beauty Essentials.

Answer:

Many small business owners decide to set up an LLC for the liability protection it provides. An LLC, or limited liability company, exists separately from its owners (known as members), and the owners are therefore not personally responsible for business debts.Most states don’t allow two different business entities to have the same name. So you can’t, for example, have “Joe’s Donuts, LLC” and “Joe’s Donuts, Inc.,” even if they’re located in different cities. Many states also restrict companies from using certain words in their names, such as “bank.” If the LLC name you’ve selected is available, but you aren’t going to be filing your LLC documents right away, you may want to reserve the name. Nearly every state allows you to reserve a name by filing a form and paying a name reservation fee. The length of the reservation period, filing fees, and renewal policies vary from state to state.Almost every state requires its LLCs to name a registered agent (also sometimes called a statutory agent). A registered agent is a person who agrees to receive lawsuits, subpoenas and other official documents on behalf of the LLC and to pass them along to the appropriate person at the LLC.An LLC operating agreement is the roadmap that describes how your LLC will be run. It specifies such things as the ownership interests and voting rights of the members, how profits and losses will be allocated, how meetings will be held, how the business will be governed, the rights of the members if one of them dies or leaves the business, and the way the company will be dissolved if it goes out of business.Each state has its own form and procedure for establishing an LLC. In general, you must file articles of organization that list.After the LLC’s formation documents are filed and approved, the state will issue a certificate or other document that confirms that your LLC formally exists. Once you’ve received the certificate, you can take care of business matters like obtaining a tax ID number and business licenses and setting up a business bank account. Explanation:If your LLC does business in more than one state, you may need to register to do business in other states. To do this, you’ll need to fill out and submit paperwork that’s similar to the paperwork you filed when you formed your LLC. You’ll also need a registered agent in each state where you are authorized to do business.

explain how operations strategy can help a business sustain its competitive advantage.

please answer this question in an essay.

Answers

Answer:

Operations can help a business sustain their competitive advantage by reducing its cost without considering the way they are reduced.

Explanation:

First of all, to create a business competitive advantage the business has to be more profitable than its competition. In other words, they need to make money in a more effective way than its competitors. This means that they have more margin of profit, instead of selling more. Now, in operations, this works the same. However, the reasons might come from different sources. Whether by having technology more advanced than its competitors. By having more productive processes, or by using materials bought at cheaper prices.

Which of the following is true if you are making all of your payments ON TIME? A. You will have many payments, and your credit score will drop. B. You will only have a few payments, and your credit score will remain the same. C. You will have many payments, and your credit score will rise. D. You will only have a few payments, and your credit score will drop.​

Answers

Answer:

d. You will only have a few payments, and your credit score will drop.​

Explanation:

Which management viewpoint asks the question, what method is the best to use under these particular circumstances?.

Answers

The management viewpoint that asks the question, "What method is the best to use under these particular circumstances is Contingency management.

What is Contingency management?

Contingency management can be regaeded as kind of management that involves behavioural situation whereby individuals are 'reinforced', based on evidence of positive behavioural change.

Therefore, Contingency management asks the question, "What method is the best to use under these particular circumstances .

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Regarding resource typing, which of the following characteristics are typically use to categorize resources?A. LocationB. ColorC. Number availableD. Capability

Answers

Answer:

d

Explanation:

also because I do it lol

Abbey Company completed the annual count of its inventory. During the count, certain items were identified as requiring special attention. Decide how each item would be handled for Abbey Company's inventory.

Goods on consignment (Abbey is consignee)
Goods on consignment (Abbey is consignor)

Answers

Goods on consignment (Abbey is consignee): The goods on consignment, where Abbey is the consignee, should not be included in Abbey Company's inventory count.

Consignment goods are not owned by Abbey; they are merely held for sale on behalf of the consignor. Therefore, Abbey should exclude these items from its inventory count and disclose them separately as goods held on consignment in its financial statements.

Goods on consignment (Abbey is consignor): The goods on consignment, where Abbey is the consignor, should also be excluded from Abbey Company's inventory count. Similar to the consignee situation, these goods do not belong to Abbey. They are merely placed with another party for sale on Abbey's behalf. Abbey should not include these items in its inventory count but disclose them separately as goods on consignment in its financial statements.

In summary, both consignee and consignor goods should be excluded from Abbey Company's inventory count. These items are not owned by Abbey, and their inclusion in the count would distort the actual inventory value. Instead, they should be disclosed separately to provide accurate information about the goods held on consignment.

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X

The primary function of the Gini coefficient is to
(4 points)
measure the quality of human capital in an economy
O explain the cause of income inequality
O measure income inequality in an economy
show the efficiency of an economy
show the amount of wealth in an economy
Points

Answers

Answer:

The primary function of the Gini coefficient is to measure income inequality in an economy. It is a statistical measure that is used to represent the distribution of income or wealth among a population. A Gini coefficient of 0 indicates perfect equality, where everyone in the population has the same income or wealth. A Gini coefficient of 1 indicates perfect inequality, where one person has all the income or wealth in the population. The Gini coefficient is often used to assess the level of income inequality in a country or region and can be used to inform policy decisions related to redistributive measures such as taxes and welfare

All of the following statements regarding liability losses are correct, except: A Property damage includes physical damage to tangible property, including loss of use of that property B Bodily injury includes personal injury, physical injury, sickness and disease C Personal injury includes libel, slander, and false arrest D Loss of consortium means the loss of companionship of a husband or wife

Answers

Answer: D. Loss of consortium means the loss of companionship of a husband or wife

Explanation:

For the purposes of liability losses, loss of consortium does not refer to the loss of companionship of a husband and wife but rather refers to when the spouse is injured or killed due to negligence on the part of the defendant.

There is therefore no loss of companionship. For the purposes of liability losses, property damage does indeed include physical damage to tangible property and bodily injury does include personal injury. Libel and slander are also considered personal injury.

The maximum percentage of market potential that an individual firm can expect to obtain for a specific product is


Answers

Answer:

Company sales potential

Explanation:

Hope this helped you! Please brainliest if possible! :D

*entrepreneurship*

why it is important to adapt to the sudden changes in
your environment?

Answers

Because if your mining company gets flooded and you can't mine for a few years you have to be able to find new mines or sell you equipment, or even the mine it's self.  

-A mine not producing, is a mine that's losing.

You can apply this to almost anything, but it's most prominent in evolution and Business. in Evolution you die, and in business, if you company is losing money it will die so you have to adapt to sudden changes to avoid imminent death.

Hope this helps.

                -Trey Tucker

Hollaway Manufacturing is considering using stocks of an old raw material in a special project. The special project would require all 180 kilograms of the raw material that are in stock and that originally cost the company $2,406 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $7 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6. 35 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $68 for all 180 kilograms. What is the relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project

Answers

Assuming the delivery cost is $68. The relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project is $1,075.

Relevant cost

Using this formula

Relevant cost=(Raw material×Discounted price)-Delivery cost

Where:

Raw material=180 kilograms

Discounted price=$6.35

Delivery cost=$68

Let plug in the formula

Relevant cost=(180 kilogram×$6.35)-$68

Relevant cost=$1,143-$68

Relevant cost=$1,075

Inconclusion the relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project is $1,075.

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how does analytical skills help to solve problems​

Answers

Answer:

how does analytical skills help to solve problems

Analytical skills

The ability to examine information or a situation in detail in order to identify key or important elements, their strengths and weaknesses and use these to compile a persuasive argument, make recommendations or solve a problem.

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TRUE / FALSE. that was when he took ritchie's intro to business law class and learned that the contract he signed before he turned 18 was voidable.

Answers

Based on the information given, it can be inferred that the individual learned that the contract he signed before turning 18 was voidable after taking Ritchie's Intro to business law class. The statement is True.

In most jurisdictions, minors under the age of 18 are considered to lack the legal capacity to enter into binding contracts. As such, any contract they sign is usually deemed voidable, meaning that the minor has the option to either enforce or void the contract once they reach the age of majority. It is possible that the individual in question signed a contract before turning 18 and only discovered its voidable status after taking the Intro to business law class.

The details surrounding the specific contract and the circumstances leading up to its signing are not provided, so it is difficult to provide a more detailed answer. However, based on the information given, it can be concluded that the statement is true.

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In the multiple regression model you estimate the effect on Yi of a unit change in one of the Xi while holding all other regressors constant. This
A) makes little sense, because in the real world all other variables change.
B) corresponds to the economic principle of mutatis mutandis.
C) leaves the formula for the coefficient in the single explanatory variable case unaffected.
D) corresponds to taking a partial derivative in mathematics.

Answers

In the multiple regression model you estimate the effect on Yi of a unit change in one of the Xi while holding all other regressors constant. This corresponds to taking a partial derivative in mathematics. Option D

The multiple regression model allows us to estimate the effect of each independent variable (Xi) on the dependent variable (Yi) while holding all other variables constant. This is achieved through partial derivatives, where the coefficient of each independent variable represents the change in the dependent variable for a unit change in that variable while keeping all other variables constant.

This approach is valid in the real world because it allows us to isolate the effect of each variable on the outcome of interest, even if other variables are changing at the same time. By controlling for the effect of other variables, we can get a more accurate estimate of the relationship between the independent variables and the dependent variable.

In summary, the multiple regression model is a powerful tool that allows us to estimate the effect of multiple independent variables on a dependent variable while controlling for the effect of other variables. This is achieved through partial derivatives, which represent the change in the dependent variable for a unit change in each independent variable while holding all other variables constant. Option D is correct.

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You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?

Answers

Answer:

$245 per participant

Explanation:

total number of participants = 200

total costs for 200 participants:

$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for meals

total costs = $33,000

if you want to earn $16,000 in profits ($8,000 each),

price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245

Please help worth bonus points!

Please help worth bonus points!

Answers

Answer:

the 4th and 5th one is for france

Explanation:

this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)

4=the staff utilizes platters to serve cooked food

5=the last one

1= america, the first one.

2=Russia

3=russia

if I got anything mixed up, pls inform me.

5. Interest, inflation, and purchasing power Suppose Amy is a sports fan and buys only baseball caps. Amy deposits $4,000 in a bank account that pays an annual nominal interest,rate of 10%. Assume this interest rate is fixed-that is, it won't change over time. At the time of her deposit, a baseball cap is priced at $20.00. Initially, the purchasing power of Amy's $4,000 deposit is baseball caps. For each of the annual infiation rates given in the following table, first determine the new price of a buscball cap, assuming it nses at the rate of inflation. Then enter the corresponding purchasing power of Amy's deposst after one year in the first row of the fable for each inflation rate. Finally, enter the value for the real interest rate at cach of the given inflation rates. Hint: Round your answers in the first row down to the nearest baseball cap. For example, if you find that the deposit will cover 20.7 baseball caps, you would round the purchasing power down to 20 baseball caps under the assumption that Amy will not buy seven-teriths of a baseball cap. When the rate of inflation is greater than the interest rate on Amy's deposit, the purchasing power of her deposit, over the course of the year.

Answers

1). The new price of a baseball cap after one year with a 5% inflation rate would be $21.00.

2). The purchasing power would be 190 baseball caps.

3). At a 5% inflation rate, the real interest rate would be 5%.

To determine the purchasing power of Amy's $4,000 deposit after one year, we need to consider the effects of both interest and inflation.

1. First, let's calculate the new price of a baseball cap after one year, assuming it increases at the rate of inflation.

If the initial price of a baseball cap is $20.00, and the inflation rate is 5%, we can calculate the new price using the formula:

New Price = Initial Price + (Initial Price * Inflation Rate)
New Price = $20.00 + ($20.00 * 0.05)

= $20.00 + $1.00

= $21.00
Therefore, the new price of a baseball cap after one year with a 5% inflation rate would be $21.00.


2. Now let's determine the purchasing power of Amy's $4,000 deposit after one year with a 5% inflation rate.

To do this, we divide the initial deposit by the new price of a baseball cap:

Purchasing Power = Initial Deposit / New Price

Purchasing Power = $4,000 / $21.00

                              = 190.48 baseball caps

Since we need to round down to the nearest baseball cap, the purchasing power would be 190 baseball caps.


3. Finally, let's calculate the real interest rate. The real interest rate measures the increase in purchasing power after adjusting for inflation.

It can be calculated using the formula:

Real Interest Rate = Nominal Interest Rate - Inflation Rate

Real Interest Rate = 10% - 5%

= 5%
Therefore, at a 5% inflation rate, the real interest rate would be 5%.

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As the inflation rate goes up, Amy can buy fewer baseball caps with her deposit. The real interest rate, which is the nominal interest rate minus the inflation rate, represents the purchasing power gained or lost after accounting for inflation.

To calculate the new price of a baseball cap after inflation, we need to consider the inflation rate and the initial price of the cap. Let's go through the table and calculate the purchasing power and the real interest rate for each scenario.

1. Inflation rate: 8%

  New price of a baseball cap: $20.00 + (8% * $20.00) = $21.60

  Purchasing power after one year: $4,000 / $21.60 = 185.19 (rounded down to 185 baseball caps)

  Real interest rate: 10% - 8% = 2%

2. Inflation rate: 10%

  New price of a baseball cap: $20.00 + (10% * $20.00) = $22.00

  Purchasing power after one year: $4,000 / $22.00 = 181.82 (rounded down to 181 baseball caps)

  Real interest rate: 10% - 10% = 0%

3. Inflation rate: 12%

  New price of a baseball cap: $20.00 + (12% * $20.00) = $22.40

  Purchasing power after one year: $4,000 / $22.40 = 178.57 (rounded down to 178 baseball caps)

  Real interest rate: 10% - 12% = -2%

When the inflation rate exceeds the interest rate on Amy's deposit, the purchasing power of her deposit decreases. This is because the price of baseball caps increases at a faster rate than her interest earnings.

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What is the role of doctor in our society? Explain Briefly​

Answers

Answer:

All doctors have a role in the maintenance and promotion of population health, through evidence based practice. Some will enhance the health of the population through taking on roles in health education or research, service improvement and re-design, in public health and through health advocacy.

Which of the following is a disadvantage of recruiting current employees?
Sometimes viewed as unethical
O Limits opportunities for bringing new ideas to a company
O Training could be more extensive and costly
O Requires frequent updates of job openings

Answers

Answer:

O Limits opportunities for bringing new ideas to a company

Explanation:

Recruiting current employees is the sourcing of new workers from the current workforce. It is also known as internal recruitment. Recruiting of current employees contrasts with external recruitments where a business advertises for vacant positions to the general public.

Recruiting from internal sources denies the business an opportunity to get workers with different experiences. External workers bring new ideas and new experiences to a business.

consider an incumbent that is a monopoly currently earning $1 million annually. given the declining costs of raw materials, the incumbent believes a new firm may enter the market. if successful, a new entrant would reduce the incumbent's profits to $750,000 annually. to keep potential entrants out of the market, the incumbent lowers its price to the point where it is earning $850,000 annually for the indefinite future. if the interest rate is 5 percent, does it make sense for the incumbent to limit price to prevent entry? multiple choice it does not make sense since $2 million is greater than $150,000. it does make sense since $2 million is greater than $150,000. it does make sense since $150,000 is greater than $5 million. it does not make sense since $5 million is greater than $100,000.

Answers

Yes, it makes sense for the incumbent which is a monopoly if the interest rate is 5%. Since, $2million > $250000.

Annual earning = $850,000

Profit reduced by new entrants = $750,000

rate of interest = 5%

$850,000- $750,000 = $100000

$100000/0.05 = $200,000

$200,000> ($100000-$750,000 =$250,000)

A monopoly is a market structure in which a single seller or producer dominates an industry or sector. Monopolies are frowned upon in free-market economies because they stifle competition and limit consumer substitutes. Companies become monopolies by controlling the entire supply chain, from production to sales, through vertical integration, or by purchasing competing companies in the market, becoming the sole producer, through horizontal integration.

Monopolies can set prices and keep pricing consistent and reliable for consumers in the absence of competition. Monopolies benefit from economies of scale, allowing them to produce large quantities at lower per-unit costs. Standing alone as a monopoly allows a company to invest in innovation with confidence and without fear of competition.

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Which item is important to consider when selecting a
credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
th
Both APR and fees

Answers

Answer:

Both APR and fees

Explanation:

The Annual Percentage Rate -APR is the interest rate a customer pays on a credit card per year. Credit cards extend loans to the holder every time they are used. If the credit card user does not pay the full amount on the due date, it attracts interest charges. The higher the APR, the more interest a cardholder will pay. In selecting a credit card provider, APR is the most important factor to consider.

Credit card attracts other fees other the interest. These fees include Balance Transfer Fee, Foreign Transaction Fee, Annual Fee, and Cash Advance Fee. These fees affect the customer's overall cost of using the credit card.  Customers should compare different credit card companies and select one with favorable fees.

explain aims of accelerated growth initiative for South Africa​

Answers

the objectives were to introduce policies, programmes and interventions that would allow the South African economy to grow enough to halve poverty and unemployment between 2004 and 2014.

TRUE / FALSE. shelf life' can be a constraint on the amount of inventory held.

Answers

True. The shelf life of a product refers to how long it is usable or suitable for sale.

How is the inventory amount determined?

Inventory values are calculated by multiplying the number of items on hand by the item's unit price. Inventory values must be calculated using the lower of the market price or the company's cost in accordance with GAAP.

Because the business needs to ensure that the products are sold or used before they expire or become unsellable, a product with a limited shelf life can act as a constraint on the amount of inventory held.

Therefore, This constraint may require the company to more closely manage its inventory levels and avoid holding excess stock that could expire or become obsolete.

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Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it

Answers

HI HI HI HI HI HI HI HI WATER IS H20

What? Are you ok buddy
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