Determining the need for labor, mac-hines, physical resources to meet the production object-ives of the firm is called: capacity planning.
What Is Capacity Planning?A capacity planning pro-cess involves determining how much production capacity is re-quired to meet changing dem-and for products. Design capacity refers to an organ-ization's maximum capacity to accomplish work over a given time period in capa-city planning.
Capacity plan-ning process is used by organ-izations to determine their pro-duction capacity in order to me-et the changing needs of their products. A design capacity is an organ-ization's maximum ability to complete a specified am-ount of work in a given time period, in the con-text of capacity planning.
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when insurance companies take on the risk of loss or injury, it refers to the fact that no one can predict:
when insurance companies take on the risk of loss or injury, it refers to the fact that no one can predict: trouble.
What are the types of risk in insurance?Personal risk, property risk, and liability risk are the three forms of risk that insurance typically covers.Any danger that could jeopardize a person's health or safety, such being sick or getting hurt in an accident, is referred to as personal risk. a variety of categories into which hazards can be divided.Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are a few categories that are frequently utilized.If you are hurt or unwell while traveling, insurance will pay for your medical bills and transportation back home.Personal injury protection and coverage for harm or accidents you cause.coverage for lost or broken goodsTo learn more about Insurance refer,
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Explain why having an accurate credit report is important.
Answer:
A credit report can act as a shining light into your financial background, helping reveal personal payment history and lending and credit worthiness. It can even serve as a sentinel against identity theft and consumer fraud. Also, Companies you do business with check your credit. Many companies you do business with will use your credit score and credit report to determine how responsible you are.
Hope this helps :)
explain why you feel an entrepreneur or business should develop a business plan. why or why not
An entrepreneur or business should develop a business plan because it serves as a roadmap to guide the company's growth and success.
A well-written business plan can help the entrepreneur identify and analyze the business's potential opportunities, strengths, weaknesses, and threats. It can also help set realistic goals and objectives, outline strategies to achieve them, and establish timelines for measuring progress. Additionally, a business plan can help secure funding from investors or lenders, as it demonstrates a clear understanding of the market and the business's financial projections. On the other hand, some argue that a business plan may not always be necessary, especially for small businesses or those with a clear and straightforward business model. However, even for these cases, having a basic business plan can help the entrepreneur stay focused and organized, and adjust their strategies as the business evolves.
Overall, a well-written and regularly updated business plan can be a valuable tool for any entrepreneur or business to achieve their goals and maximize their success.
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NGPF Activity Bank Paying for College
5.4 COMPARING the types of student loans
PLEASE HELP ME WITH THIS I HAVE TO TURN IN TODAY I NEED A ANSWER ASAP
There are generally two types of student loans: federal student loans and private student loans. The federal student loan is given below.
How much can a student get a student loan?Education loans are intended to pay for living expenses while the borrower is pursuing a degree, as well as tuition, books, and supplies.
As there is no cap on the largest debt that may be approved under the student loan program. The maximum amount for NRI students is Rs. 20 lakhs, and for elite institutions, Rs. 30 lakhs.
Federal student loans: These loans are provided by the government and provide a number of advantages, including reduced interest rates, repayment schedules based on income, and loan forgiveness opportunities. Federal student loans come in a variety of forms, including Direct Subsidized Loans: Undergraduate students who can prove they have a need for the money can apply for these loans. When the student is enrolled in school, the government covers the interest on these loans. Direct Unsubsidized Loans: These loans can be obtained by graduate and undergraduate students alike and don't need proof of need. While the student is enrolled in school, interest is accruing on these loans. Graduate students and parents of dependent undergraduate students may apply for Direct PLUS loans. They have higher interest rates and demand a credit check than other loan plans.Learn more about loans, here:
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what are the ways of receiving employment related information?
Answer:
just do well on software and follow me for updates
any two importance of office resources
Two importance of office resources are greater output and promote productivity .
What are office resources ?All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.
Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.Learn more about office resources here https://brainly.com/question/20436648
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________ is a global marketing strategy that requires active ownership (either a controlling interest or large minority interest) of a foreign company or overseas manufacturing or marketing facilities. Group of answer choices market grouping export subsidizing direct foreign investment licensing import brokering'
Answer:
Direct foreign investment
Based on marketing strategy, Direct foreign investment is a global marketing strategy that requires active ownership (either a controlling interest or large minority interest) of a foreign company or overseas manufacturing or marketing facilities.
Direct Foreign Investment is a business strategy carried out with long-term investment decisions. Its purpose is to expand the opportunity to earn more profits.
Various types of Direct Foreign InvestmentThere are three (3) direct foreign investments, which include:
Horizontal FDIVertical FDIConglomerate FDIHence, in this case, it is concluded that the correct answer is Direct Foreign Investment.
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Which expense contributes to a business's cost?
2.
(
Wages, salary, maintenance, rent, and depreciation are all examples of expenses. To calculate profits, revenue is subtracted from expenses. To lessen the tax burden and increase profits, businesses are permitted to deduct some expenses from taxes.
What are a business's costs of expenses?An expense is a business's operational cost incurred to produce income. Operational income is the company's profit after running costs like salaries, depreciation, and cost of goods sold have been subtracted.
These consist of payroll taxes, insurance deductibles, commissions, bonuses, and other perks including paid time off, health insurance, and retirement savings schemes. When beginning and registering a business, the majority of states in the U.S. will demand some kind of business license.
You can more easily keep track of your business costs if you keep your personal and business accounts separate. Maintaining a healthy cash flow and being eligible for tax deductions that could lower your taxable income require keeping track of business expenses.
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HELP
When a company/economy is making money,
how does the demand curve shift?
B. down
A. up
D. to the left
C. to the right
Answer:
It's A, The demand curve shifts up
Explanation:
It goes up
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Budgeting for Needs Select your needs from your cash expenses. CASH Last Month Gas for car$120 Fast food$20 Movie tickets$30 Amusement park$115
The necessities would be last month's gasoline for the car, while the expenses would be fast food, movie and amusement park tickets.
What are needs and expenses?Needs are a term that refers to the goods and services that a person needs in a fixed way for their daily life, some examples are:
TransportationFeedingEducationOutfitLiving placeAmong othersAccording to the above, it can be inferred that car gasoline is a necessity because it is a means of transportation that we can use to go to our work or place of study.
On the other hand, expenses are the goods and services that are not necessary for our daily lives but that we acquire for leisure and entertainment purposes. For example:
Video gameCinemaTheaterMake-upToysSweetStreet foodAmong othersBased on the above, it can be inferred that movie tickets, fast food, and amusement park tickets are expenses.
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Minden Company manufactures a high-quality wooden birdhouse that sells for $20
per unit. Variable costs are $6 per unit, and fixed costs total $180,000. The
company sold 24,000 birdhouses to customers during 2018. The president of
Minden Company believes the following changes should be made in 2019:
1. the selling price of the birdhouse should be reduced by 10%
2. increase advertising by $30,000
Assume these changes are made to complete the following;
1) Calculate the number of units Minden Company must sell in 2019 in order to break-even.
2) Minden Company sells 26,000 units in 2019. Calculate the margin of safety reported by Minden Company in 2019.
3) Calculate the number of units Minden Company must sell in 2019 in order to earn a target profit equal to 25% of sales.
4) Calculate the number of units Minden Company must sell in 2019 in order to earn a net income that is 40% larger than the net income earned in 2018.
Number of units for 40% larger net income Depends on the net income for 2018 and desired increase.
What is the formula to calculate the present value of a future cash flow?To answer your questions:
To calculate the number of units Minden Company must sell in 2019 to break even, we need to determine the total fixed costs and contribution margin per unit.
Total fixed costs = $180,000
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $20 - $6
= $14
Breakeven point (in units) = Total fixed costs / Contribution margin per unit
To calculate the margin of safety reported by Minden Company in 2019, we need to determine the difference between actual sales and the breakeven point.
Margin of Safety = Actual Sales - Breakeven Sales
= 26,000 units - Breakeven Sales
To calculate the number of units Minden Company must sell in 2019 to earn a target profit equal to 25% of sales, we need to consider the target profit and contribution margin.
Target Profit = 25% of Sales
Contribution margin per unit = $14
Target Profit (in dollars) = Target Profit Percentage * Sales
= 0.25 * Sales
Number of units to sell for target profit = Target Profit (in dollars) / Contribution margin per unit
To calculate the number of units Minden Company must sell in 2019 to earn a net income that is 40% larger than the net income earned in 2018, we need to consider the net income for 2018 and the desired increase.
Net Income in 2018 (given) = X
Desired Net Income in 2019 = Net Income in 2018 + 40% of Net Income in 2018
Number of units to sell for desired net income = (Desired Net Income - Fixed Costs) / Contribution margin per unit
Note: To provide specific numerical answers, we would need the net income for 2018 (X) and any other relevant information provided in the question.
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SEC, a Semiconductor (fabrication) Equipment Company, has a central spare parts warehouse to support its chip fabrication plant customers located around the world. As new generations of fab equipment are introduced, the installed base of older models declines and ultimately disappears. As a consequence, SEC must at some point retire support for the older model. Once a model has been scheduled for retirement, SEC makes a "final buy" for service parts that are required to maintain support of the equipment until the retirement date. If inventory of a part runs out before retirement, then an emergency order is placed with the part vendor. Inventory remaining in the warehouse at the retirement date is scrapped for salvage materials. Consider one model that has 50 machines installed throughout the world and SEC has just announced the model will be retired in one year. Focus on part A in this machine. Part A's current cost to purchase is $10,000. The expected cost for an emergency order of part A after the final buy is $25,000. Part A's estimated salvage value is $2,000 and its total annual demand (across the 50 machines) is estimated to be Poisson with mean 3.5. Suppose there are currently 2 of these parts in inventory (a) If SEC does not order any of these parts in the final buy, what fraction of demand until retirement will be filled without the use of an emergency order? (6) (b) How many part A's should SEC order in the final buy to minimize its expected cost? (6)
If SEC does not order any of these parts in the final buy, only about 10.2% of the demand until retirement will be filled without the use of an emergency order.
(a) If SEC does not order any of these parts in the final buy, the fraction of demand until retirement that will be filled without the use of an emergency order can be calculated using the Poisson distribution. The expected demand during the remaining one-year period until retirement is:
Expected demand = mean demand per year * remaining time in years
= 3.5 * 1
= 3.5
The probability of having enough inventory to fulfill the demand without an emergency order is given by the cumulative distribution function (CDF) of the Poisson distribution:
P(X ≤ 2) =\(e^(-λ) * [λ^0/0! + λ^1/1! + λ^2/2!]\)
=\(e^(-3.5) * [1 + 3.5 + (3.5^2)/2]\)
≈ 0.102.
(b) To minimize its expected cost, SEC should order the quantity of parts that balances the cost savings from the final buy with the expected cost of emergency orders. Let X be the number of parts ordered in the final buy. The expected number of emergency orders is:
Expected emergency orders = P(demand exceeds inventory) * expected number of emergency orders per demand
The probability of demand exceeding inventory is given by:
P(X > Y) = P(Y ≤ X - 1) = 1 - P(Y ≤ X - 2)
where Y is the inventory level at the time of demand. The probability distribution of Y can be obtained by simulating the inventory level over the remaining one-year period until retirement. Let Y_t denote the inventory level at the beginning of month t, where t = 0, 1, ..., 12 (assuming a monthly time unit). Then:
Y_t = max(Y_{t-1} - D_{t-1}, 0) + X
where D_{t-1} is the demand in month t-1, and max(a, 0) is the maximum of a and 0. The initial inventory level Y_0 is given as 2. The expected number of emergency orders per demand is:
Expected emergency orders per demand = P(demand exceeds inventory | inventory = 0)
The probability of demand exceeding inventory when the inventory level is 0 is:
P(D > 0 | Y_0 = 0) = 1 - P(D = 0 | Y_0 = 0)
≈ 0.787
where P(D = 0 | Y_0 = 0) is the probability of zero demand during the first month, given that the initial inventory level is 0. This probability can be obtained from the Poisson distribution as:
P(D = 0 | Y_0 = 0) =\(e^(-λ) * λ^0/0!\)
=\(e^(-3.5)\)
≈ 0.030
Therefore, the expected number of emergency orders per demand is:
Expected emergency orders per demand = P(D > 0 | Y_0 = 0) * 1 + (1 - P(D > 0 | Y_0 = 0)) * P(D > 1)
≈ 0.787 * 1 + 0.213 * (1 - P(D = 1))
≈ 0.840.
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in the past giving money to charity was the norm, but that is changing. how?
Answer:
i know every one is spending money on apperence
Explanation:
write about veterinary service available in you locality
Answer:
write your locality not my locality there is your locality
if the reserve ratio is 8 percent, then an additional $800 of reserves can increase the money supply by as much as a. $8,000. b. $10,000. c. $6,400. d. $12,500.
If the reserve ratio is 8 percent, then an additional $800 of reserves can increase the money supply by as much as option b. $10,000.
The reserve ratio is the percentage of deposits that banks are required to hold as reserves. In this case, with a reserve ratio of 8 percent, banks are required to hold 8 percent of deposits as reserves and can lend out the remaining portion.
To determine the potential increase in the money supply, we can use the money multiplier formula, which is the inverse of the reserve ratio. The money multiplier represents the factor by which an increase in reserves can expand the money supply.
Money Multiplier = 1 / Reserve Ratio
In this case, the reserve ratio is 8 percent or 0.08. Therefore, the money multiplier would be:
Money Multiplier = 1 / 0.08 = 12.5
Now, we can calculate the potential increase in the money supply by multiplying the additional reserves by the money multiplier:
Increase in Money Supply = Additional Reserves * Money Multiplier
Increase in Money Supply = $800 * 12.5 = $10,000
Hence, an additional $800 of reserves can increase the money supply by as much as $10,000. Therefore, the correct answer is b. $10,000.
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what is office proceducer and accouting
The administrative department handles management activities that affect the entire organization. The accounting department keeps the financial records of the business and prepares reports that help the business to make financial decisions.
Hope it helps...Submit your 500-word essay describing the career you have chosen, a five-day schedule of this career, and the
advantages and disadvantages of the work schedule that you have created.
Assuming you choose the marketing career to write your essay, it is essential to conduct research on reliable sources for information about professional assignments.
What is a career in marketing like?As a broad and innovative field, a career in marketing can take many different paths. It involves efforts to promote a company's products and services, through value creation and positioning strategies.
Therefore, if the chosen area is content marketing, some advantages are greater flexibility and creativity to create media that engage the public with the brand.
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Why do you think brand advocates willingly promote companies via social media? Explain.
Answer:
As a form of celebrity and endorsement. The company will be viewed by the potential millions of people that follow those brand advocates. This allows the brand to reach a wider audience and raise profits. that is why brand advocates willingly promote companies via social media?
Explanation:
hope this helps. ; )
1. The preferred stock of a company pays a quarterly dividend of $3 forever. What is the present value of all dividends? (Assume the discount rate is 3% per quarter.)
2.Suppose a corporate bond that makes semiannual payments has 5 years to maturity. The coupon rate of this bond is 6%, and the yield to maturity is 8%. The bond’s par value is $1,000. What is the bond’s price?
3.You expect to receive three cash flows: $3,000 paid after 2 years, $6,000 paid after 4 years, and $8,000 paid after 6 years. The annual interest rate is 5%. What is the present value of the combined cash flows?
1. The present value of the preferred stock:Dividend = 3 per quarter,Discount rate = 3% per quarter,Present value of an annuity can be calculated using the formula below:PV = (C / r)(1 - (1 / (1 + r)ⁿ))
Where,PV = present value of an annuity,C = cash flow (payment) per period,r = discount rate,n = number of periods
For quarterly payments, n = 4, so we have:PV = (3 / 0.03)(1 - (1 / (1 + 0.03)¹⁶))
PV = 75(1 - (1 / 1.605))
PV = 75(0.3772)
PV = 28.29
The present value of the preferred stock's dividends is 28.29.
2. The price of the bond can be calculated as follows:Par value of the bond = 1,000,Coupon rate = 6%,Yield to maturity = 8%,Maturity = 5 years.The bond makes semiannual payments, so the number of periods is n = 2 x 5 = 10 years.
We use the formula below to calculate the price of the bond:P = C * (1 - 1 / (1 + r)ⁿ) / r + FV / (1 + r)ⁿ
Where,P = price of the bond,C = coupon payment per period,FV = face value or par value of the bond,r = periodic discount rate (yield to maturity / 2) = 0.04,n = number of periods (10)
substitute the values into the formula:P = 30 * (1 - 1 / (1 + 0.08 / 2)¹⁰) / (0.08 / 2) + $1,000 / (1 + 0.08 / 2)¹⁰
P = 30 * (1 - 1 / 1.46933) / 0.04 + 1,000 / 1.46933⁵
P = 30 * 0.3186 / 0.04 + 1,000 / 1.73596
P = 238.95 + $577.68
P = 816.63
Therefore, the price of the bond is 816.63.
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continuous production systems are typically very rigid and costly to change.
Continuous production systems are characterized by their consistent and uninterrupted flow of goods or services. They are designed to operate at a high volume, producing large quantities of products in a streamlined manner. However, due to their nature, these systems tend to be rigid and costly to change.
One reason for this rigidity is the high level of specialization required in continuous production systems. The equipment and processes are specifically designed for the production of a particular product. Any changes to the system would necessitate reconfiguring or replacing the equipment, which can be time-consuming and expensive. For example, in a manufacturing plant that produces automobiles, retooling the assembly line to accommodate a different model would involve significant costs and downtime.
Additionally, continuous production systems often rely on economies of scale to achieve efficiency. This means that the cost per unit decreases as the volume of production increases. However, this also means that any changes to the system, such as introducing new products or modifying existing ones, may disrupt the economies of scale and result in higher costs per unit.
In summary, continuous production systems are typically very rigid and costly to change due to the specialized equipment and processes involved, as well as the reliance on economies of scale. These factors make it challenging and expensive to alter the system to accommodate new products or modifications.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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gain generated from the sale of an equity security may be labeled a peripheral activity by one firm but is considered a core activity by another firm
The labeling of gain generated from the sale of an equity security as a peripheral or core activity can vary among firms and depends on their specific business models, strategies, and priorities.
There is no universally defined categorization for such gains. However, the distinction between peripheral and core activities can be understood as follows:
1. Peripheral activities: These are typically secondary or incidental activities that are not central to a firm's primary operations or strategic focus. They may include activities such as one-time asset sales, non-recurring gains, or activities that are not directly related to the core business. For a firm that primarily engages in other operations, such as providing services or manufacturing products, gains from the sale of equity securities might be considered peripheral.
2. Core activities: These are the primary operations or functions that define a firm's main business. Core activities are essential to the company's strategic objectives and revenue generation. For a firm whose primary business revolves around investments or securities trading, gains from the sale of equity securities would likely be considered a core activity as it aligns with their core business model and primary source of income.
It's important to note that the categorization of gain from the sale of equity securities as peripheral or core can be subjective and vary based on individual company strategies, industry norms, and accounting practices. The characterization can also be influenced by regulatory requirements, reporting standards, and tax considerations. Ultimately, it is up to each firm to determine how they classify and prioritize various activities within their overall business operations.
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do females like when being proposed? or which way? to make it official.
Answer:
yes few like few not .
sometimes it's even worst
The next time you need to make a choice, your brain will use what what method?
Answer:
Imagine you have just flicked a lighter. If you don’t see the flame, you will naturally try a second time. If after the second attempt it does not strike a flame, you will repeat your action again and again until it does. Eventually, you’ll see the flame and you’ll know that your lighter works. But what if it doesn’t? How long are you going to flick the lighter until you decide to give up?
Our everyday life is full of such decision dilemmas and uncertainty. We constantly have to choose between options, whether we make the most ordinary decisions – should I continue flicking this lighter? – or life-changing choices – should I leave this relationship? We can either keep on doing what we are already used to do, or risk unexplored options that could turn out much more valuable.
Some people are naturally inclined to take more chances, while others prefer to hold on to what they know best. Yet being curious and explorative is fundamental for humans and animals to find out how best to harvest resources such as water, food or money. While looking at the Belém Tower – a symbol of Portugal’s great maritime discoveries – from my office window, I often wonder what drives people to explore the unknown and what goes on in their brains when weighing pros and cons for trying something new. To answer these questions, together with Dr. Zachary Mainen and his team of neuroscientists, we investigate how the brain deals with uncertainty when making decisions.
Explanation:
It is well known that the decision-making process results from communication between the prefrontal cortex (working memory) and hippocampus (long-term memory). However, there are other regions of the brain that play essential roles in making decisions, but their exact mechanisms of action still are unknown.
Consider the demand curve illustrated in the figure to the right.
Is demand elastic or inelastic?
A. Demand is plastic at all prices above $9.00 and nelastic al all prices below $9.00
B. Demand is elastic at all prices above $700 and inelastic at al prices below $7.00
C. Demand is elastic (at a prices
D. Demand is inelastic at all prices above $9.00 and elastic al al prices below $9.00
E. Demand is relastic fal of prices!
At what price is total revenue maximize?
At all prices above $9, the demand is elastic, while at all prices below $9, it is inelastic.
A commodity's demand is altered by price variations. We can estimate the elasticity of demand, or the degree of responsiveness of demand, by comparing the percentage price changes with the quantities demanded. Elasticity of demand is the degree to which demand responds to a change in an economic factor. Price is the economic factor that is most usually used for evaluating elasticity. Additional considerations include the availability of alternatives and income level. Elasticity measures the impact of shifting economic conditions on shifts in demand.
The following elements could impact demand:
The cost of the item
The cost of complementary goods
Consumers' income, etc.
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Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
If you are an intertemporal optimizer, do you work more or fewer hours today?
Fewer hours.
The same number of hours.
More hours.
If you are an intertemporal optimizer, you will work more hours today. Option C.
This is because intertemporal optimization involves making decisions that maximize your utility or satisfaction over time. Hence, option c is correct.
By working more hours today, you are able to earn more income, which can be used to increase your utility or satisfaction in the future. This may mean sacrificing some leisure time today in order to have more resources available in the future.
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A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate over the 365 days that it is open. The cost to order napkins is $200.00 per order and the annual carrying cost for one box of napkins is $1.00. If the restaurant orders the economic order quantity then the time between orders (order cycle) is
29.2 days
The time between orders, also known as the order cycle, can be calculated using the economic order quantity (EOQ) formula. In this case, the restaurant uses 62,500 boxes of napkins each year at a constant daily rate over 365 days. The cost to order napkins is $200.00 per order, and the annual carrying cost for one box of napkins is $1.00.
To calculate the order cycle, we need to find the economic order quantity (EOQ) first. The EOQ is calculated using the formula:
EOQ = √((2 * Annual Demand * Cost per Order) / Carrying Cost per Unit).
In this case, the annual demand is 62,500 boxes of napkins, the cost per order is $200.00, and the carrying cost per unit is $1.00. Plugging in these values, we find that the EOQ is approximately 11,180.34.
Once we have the EOQ, we can calculate the order cycle using the formula:
Order cycle = (EOQ / Daily Demand) * 365.
Here, the daily demand is the annual demand divided by the number of days the restaurant is open, which is 365. Plugging in the values, we find that the order cycle is approximately 23,912.55 days. Therefore, the time between orders, or the order cycle, is approximately 23,912.55 days.
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you speak to a business owner that is taking in almost $2,000 in revenue each month. The owner still say that they’re having trouble keeping the doors open. How can that be possible? Use the terms revenue, expenses, and profit/ loss in your answer.
EXPLANATION
Explanation:
a business man with such amount in revenue every month most really be earning high his business must be lucrative. They are having trouble keeping the doors open this can only mean that the expenses made by the business man is higher p than the profit he is gaining, soo he is making a lot of loss for him not to be able to open any doors.
by the way to keep doors open mean to make things move forward now or later in the future/or make things in possible, in the case of this business man he can't move things forward so he is going to or is already suffering from diminishing returns in business. Thank you.