Imelda Company wants to minimize the total of their ordering costs and holding costs. However, they also understand that ordered items usually cost less per unit when purchased by the case rather than individually.
Which inventory management model should they use?

Answers

Answer 1

Economic Order Quantity is the inventory management model they should use.

What is Economic Order Quantity?

In inventory management, the Economic Order Quantity (EOQ), often referred to as Economic Buying Quantity (EPQ), is the order quantity that reduces both total holding costs and ordering expenses. The model is among the earliest in the canon of production scheduling. Only in situations when a product's demand is steady throughout the year and every new order is completely fulfilled when the inventory level drops to zero does EOQ apply. No matter how many units are ordered, there is a set fee for each order; nonetheless, orders are typically presumed to include just one unit. Additionally, there is a charge for each item that is kept in storage. This charge is referred to as the holding cost and is occasionally represented as a percentage of the item's purchase price.

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Related Questions

Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. Direct labor hour overhead rate $ per direct labor hour Machine hour overhead rate $ per machine hour 2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantwide factory overhead rate. Automobile Bumpers Valve Covers Wheels Direct labor hours $ $ $ Machine hours $ $ $

Answers

Answer and Explanation:

1.

The direct labor overhead rate using the direct labor hours is shown below:-

Direct labor overhead rate = Total overheads ÷ Direct labor hours

= $220,800 ÷ 1,725

= $128

b. The machine hour overhead rate using the machine hours is

= Total overhead ÷ Machine hours

= $220,800 ÷ 4,600

= $48

2.

The factory overhead costs using direct labor hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Direct labor            

hours                        730                 480                515

Overhead rate         $128               $128              $128

Total                        $ 93,440        $61,440        $65,920     $220,800

For determining the total overhead we simply multiply the direct labor hours with overhead rate.

The factory overhead costs using machine hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Machine hours          1,970               1,270         1,360

Overhead rate            $48                  $48              $48

Total overhead        $94,560         $60,960    $65,280      $220,800

For determining the total overhead we simply multiply the machine hours with overhead rate.

Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a)

Bob and carol refinanced their ole reidence valued at 500,000 in 2022 how to do refinancing arrangement they refinance date 300,000 he didn’t need for 400,000 receiving 100,000 in cah that they ued to pay for their daughter wedding. What percent of the entrie they pay all the refinance property are they able to deduct?

Answers

The percentage that is deductible is calculated based on the sum obtained through the refinancing arrangement, which is C. 75%

Refinancing, also referred to as a "refi," is the process of altering the conditions of an existing credit agreement, usually one involving a loan or mortgage. When a person or business decides to refinance a debt, they essentially want to change the interest rate, the repayment schedule, and/or other contract terms in a way that is advantageous to them. If approved, the borrower receives a new contract in place of the original one. Borrowers usually choose to refinancing when the interest rate environment dramatically changes since they may be able to save money on their loan payments under the terms of the new contract.

Question

Bob and carol refinanced their ole residence valued at 500,000 in 2022 how to do refinancing arrangement they refinance date 300,000 he didn’t need for 400,000 receiving 100,000 in cash that they used to pay for their daughter wedding. What percent of the interest they pay on the refinanced property are they able to deduct?

A) 25%

B) 50%

C) 75%

D) 100%

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How education is medium to enhance the ability of human beings?​

Answers

For the sake of argument let’s consider education to be defined as the act of schooling and subsequent intellectual upbringing (which obviously varies but let’s consider it as true)

The general education of a populace enhances the overall ability of humans by allowing a greater number of humans to be given the (intellectual) tools necessary (in agreence with Rene Descartes theory of obtaining “new knowledge” to improve upon previously held inclinations or even create new ones in order to increase efficiency or another set of reasons one might alter their natural inclinations. With that being said, general education is a tool that, when used properly, can be used to increase the overall ability of humans by means of increased intellectual ability.

You buy 100 shares of ibm stock at $100 per share and pay $150 commission. How much will this transaction add to gdp?.

Answers

At $100 per share, you purchase 100 shares of IBM stock and pay a $150 commission. It will increase the GDP by $150.

A country's gross domestic product (GDP) is the sum of the market values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular stock country's economic health as a wide indicator of entire domestic production.

While GDP is frequently estimated on an annual basis, it is also stock occasionally calculated on a quarterly basis. In the United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.

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What are 2 pros and 2 cons of working minimum wage

Plz help

Answers

Answer:

They raise prices or reduce the number of hours worked. Worker morale, productivity, and consumer spending all increase. But the pros only outweigh the cons if the minimum wage isn't too high. Wages cannot be so high that they reduce a company's ability to keep labor costs low during a recession.

Explanation:

what is one of the effects that the internet has had on bussiness?

Answers

The advent of the Internet has made the presence of businesses global. ... The communication between customers and businesses increases customer satisfaction and enables businesses to get connected to the customers. The accessibility enables businesses to further expand their service or product, which increases profit.

Can you be wise and intelligent at the same time .

Answers

Answer:

yes :)

Explanation:

wisdom comes from experience intelligence doesn't

Answer:

yes of course .................

PRO and CONS Airbnb?

Answers

Pros and Cons of staying in an Airbnb

Pros:

Larger than staying in a hotel

Less crowded

Less expensive

Cons:

The host is less trustworthy than workers at hotels for various reasons

Could be cameras in places like bathrooms or rooms to watch you

You probably will have to eat out

Can you give me 20 examples of nonverbal communication?? Pleasee

Answers

Answer:

Smiles, frowns, waves, middle finger, thumbs up, thumbs down, peace sign, grunt, sigh, raised eyebrows, wrinkled brow, wink, sticking out your tongue, flexing, closing your eyes, nodding your head, shaking your head, tilting your head, licking your lips.

Explanation:

All non verbal, yet speak volumes.

Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources

Answers

Answer:

AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.

Answer:

Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources

Explanation:

AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.

You have been working for five years after college and are ready to buy your first home. Homes in the area you want to live in cost $550,000. The biggest mortgage you can afford is $300,000. What is the down payment you will need to pay

Answers

Based on the information given the down payment you will need to pay is $250,000.

Using this formula

Down payment=Building cost -Mortgages

Where:

Building Cost = $550,000

Mortgages = $300,000

Let plug in the formula

Down payment=$500,000-$300,000

Down payment=$250,000

Inconclusion the down payment you will need to pay is $250,000.

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3. What is meeting the deductible?

Answers

Answer:

The fiscal test group meets the deductible by incurring medical costs that equal the dollar amount of the deductible. The countable costs are added together. When they are equal to or greater than the amount of the deductible, the group can be certified for Medicaid.

Explanation:


A deductible is a set amount that a patient must pay each year before their health insurance coverage kicks in. Beneficiaries typically pay co-insurance—a percentage of costs—for any services covered by the plan after meeting the deductible.

QUESTION 19 .. The annual productivity report of Papyrus Inc. states that it has achieved the targets it had set for the year 2013. However, in this process, much of its resources have been wasted, and the amount spent on resources is more than the estimated amount. Its productivity has been: a. effective and efficient. b. neither effective nor efficient. c. not effective but efficient. d. effective but not efficient. e. stagnant in terms of efficiency and effectiveness.

Answers

The productivity of Papyrus Inc. can be categorized as effective but not efficient. The correct answer is d.

This is because the company achieved its targets for the year 2013, indicating that it was effective in accomplishing its goals. However, the company's productivity was not efficient as it wasted many resources, leading to higher costs than anticipated. This implies that the company could have achieved the same results with fewer resources, making it inefficient.

To improve its efficiency, Papyrus Inc. should focus on reducing wastage and improving resource utilization. This can be achieved through strategies such as adopting lean production techniques, improving supply chain management, and investing in technology to streamline operations. By doing so, the company can increase its efficiency while maintaining its effectiveness in achieving targets.

Overall, the company must strike a balance between being effective and efficient to remain competitive in the market.

Hence, option d. is correct


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Someone asked me "hru" but I dont feel anything rn. Like, I don't feel good, bad, OR in between. What do I say?

Answers

Answer:

Maybe ask them how THEY are doing

Explanation:

You were having a soft opening of your salon. You invited all your friends for that event. Your one friend wants to avail your opening promo. She observed the work of your staff and she noticed that the tools were not sanitize. What is the best attitude that you will show to your staff? How are you going to handle the queries of your friend?​

Answers

Answer:

Explanation:

I would calmly talk to my staff by reminding them on the importance of sanitizing all our work tools and also reemphasize on how careful and mindful they need to be as regards for fruther mistakes from them won't be tolerated and  if such repeat itself, i'll have whoever is responsible queried.

My friend is also a customer and her query would be handled in a professional manner. I will be polite in my response by firstly appreciating her for reaching out with her concerns and as well apologize on behalf of my staff that failed to do the needful. I will then assure her that such wont happen again.

the extent to which a leader actually does help a group or organization to achieve its goals is best described as ________

Answers

The extent to which a leader actually helps a group or organization to achieve its goals can be best described as the leader's effectiveness or impact. Effective leaders play a crucial role in guiding and influencing their team or organization towards the attainment of shared objectives.

They provide direction, set goals, motivate team members, allocate resources, and make critical decisions that contribute to the overall success of the group or organization.  The leader's effectiveness is determined by their ability to effectively communicate the vision, inspire and engage team members, foster a positive work environment, build strong relationships, and leverage their expertise and skills to overcome challenges and drive performance. Ultimately, the leader's impact is measured by the degree to which the group or organization achieves its goals under their guidance.

The effectiveness of a leader in helping a group or organization achieve its goals is a multifaceted concept that encompasses various dimensions. A leader's impact is influenced by their leadership style, skills, experience, and the context in which they operate.

First and foremost, a leader's ability to effectively communicate the vision and goals of the group or organization is crucial. Clear and compelling communication helps align individuals' efforts towards a common purpose, ensuring that everyone understands the desired outcomes and their role in achieving them. A leader must also possess the skill to motivate and inspire team members, fostering a sense of commitment and dedication to the shared goals. By creating a positive and supportive work environment, a leader can enhance morale, productivity, and overall team performance.

Furthermore, effective leaders excel in decision-making, utilizing their expertise and knowledge to make informed choices that steer the group or organization in the right direction.

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On which of the four major financial statements would you find the common stock and paid-in surplus?.

Answers

The common stock and paid-in surplus would find in Balance Sheet of the financial statements.

A balance sheet is a financial statement that lists the assets, liabilities, and shareholder equity of a corporation at a certain point in time. Balance sheets serve as the foundation for calculating investor return rates and assessing a company's financial structure.

The balance sheet, or statement of financial position, is a summary of the assets and liabilities of a corporation as well as the amount of shareholder investment. To do fundamental analysis or determine financial ratios, balance sheets can be utilized alongside other significant financial accounts.According to the balance sheet, assets are equal to the total of liabilities plus shareholder equity.Financial ratios are determined from balance sheets and used by fundamental analysts.

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If the Licensed Broker in a partnership is killed in an accident what happens to the Sales Associates working for that partnership?

Answers

If the primary broker passes away, another active broker must take over within 14 days. If this doesn't happen, the registration of the partnership is revoked, and all of the licensees connected to the partnership involuntarily become inactive.

Is working as a sales associate difficult?

Retail sales people rarely receive the respect they deserve, despite the fact that their work is difficult but important. Instead, they deal with unhappy clients, grueling work, and irregular hours. To be sane, much alone productive, dealing with a difficult job in retail takes a certain set of skills.

What is a sales associate's primary responsibility?

Working closely with clients to understand their needs, respond to their inquiries about your products, and make the appropriate recommendations are all part of the tasks and obligations of a sales associate. You ought to be able to quickly resolve customer issues and guarantee the highest level of client satisfaction.

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An unexpected frost in the orange groves of california would cause:

Answers

Answer:

there would be less oranges so the prices would go higher or there might be no oranges at all. hope that helped

David's manager told him the company wants to achieve a 50 percent market share within 5 years. David's manager was relaying a company:

Answers

David's manager was relaying a company's goal by aiming to achieve a 50 percent market share within 5 years.

What is a goal?

A goal is defined as something one wants to achieve hence willing to work towards achieving it. Companies, individuals set goals for particular purpose and must work towards ensuring the goals are achieved.

Companies set goals either on a short or long term basis. A short term goal is a type of goal that is planned to be achieved in a short period of time that is achievable and vice versa for a long term goal.

Hence, David's manager was relaying a company's goal.

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You know that the sale price of your product is $11.49. You want to have a gross margin of 35%. What should your direct
cost be?

Answers

Answer: $7.47

Explanation: 65% of $11.49

nternet can contain viruses. Unless you need to edit it's safer to stay in Protected View. Enable Editing Case 6.2: The Complaint Letter 1. Briefly summarize the complaints and compliments in Dr. Loflin's letter. 2. Critique the letter of Gail Pearson in reply to Dr. Loflin. What are the strengths and weaknesses of the letter? 3. Prepare an "improved" response letter from Gail Pearson. 4. What further action should Gail Pearson take in view of this incident?

Answers

Gail Pearson's response letter to Dr. Loflin was criticized for lacking follow-up on correcting the errors. An improved response letter should emphasize the promised actions to correct the errors.

1. In Dr. Loflin's letter, she compliments Gail Pearson for her effective and efficient manner in handling their project, but complains about the report that was submitted to her as the report was filled with grammatical errors and inaccuracies.

2. Gail Pearson's response letter showed strength in its apologies and sincere acknowledgments of the errors made, as well as the promise to remedy the mistakes in future reports. However, it also showed a lack of follow-up regarding how the report would be corrected, and it included the note about Dr. Loflin's writing that was not necessary to the matter.

3. The improved response letter from Gail Pearson should emphasize the promised actions to correct the errors in the report, along with the details of how the corrections would be made. This letter should apologize to Dr. Loflin again for the inconvenience that was caused and should show empathy towards her, expressing an understanding of her frustration.

4. In view of this incident, Gail Pearson should take further action to ensure that the report is completely corrected and free of errors, and to ensure that a similar situation will not happen again. Gail should provide a plan or a detailed procedure on how they will review and correct the work, and they should include the steps that will be taken to avoid a similar mistake.

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Compare a store card with a credit card as a method of payment (5 marks)

Answers

Answer:

Store cards are credit cards that typically can only be used at specific stores. Retailers partner with banks to offer these revolving lines of credit to customers. Store cards encourage shoppers to purchase items on credit today and pay them off over time. The advantage for the store is that you’re locked into their ecosystem; the advantage for you is that you might receive offers that are exclusive to cardholders.

The main difference between a store card and a credit card is that where a store card can only be used at a specific store, a credit card can be used anywhere that credit cards are accepted.

Explanation:

5.4 Present on admission analysis Chapter 5 1 competency V.3 Determine the present on admission (POA) status for the following scenarios A newborn suffers a dislocated shoulder during delivery. What is the POA status for the shoulder dislocation? b. A child fell from the jungle gym at the school playground and was taken to the emergency room for treatment since she was complaining of pain in her elbow. She was diagnosed with a supracondylar fracture of the humerus and was taken directly to the operating room. Immedinedelys after surgery, she experienced severe postoperative nausea and vomiting and was then admitted as an inpatient for rehydration. Assign the POA status for the Supracondylar fracture Post-op nausea and vomiting • Fall from jungle gym 2. Determine if the following POA status assignments are correct. If the assigned POA is not correct, indicate what change should be made to correct the assignment. a. Physician notes genetic susceptibility for breast malignancy in patient's record Code assigned was Z15.01 POA assigned was Y b. Patient admitted with chest pain. In the progress note of the second day, the physician states the patient had a mild NSTEMI (non-ST elevation myocardial infarction). Code assigned was 121.4 POA assigned was N c. Three days after hip replacement surgery, the physician documents "Rule out pneumonia" in a progress note after noting fever and cough upon examination. At discharge, the physician documents pneumonia as one of the discharge diagnoses. Code assigned was J18.9 POA assigned was Y Resource Optum360. 2019. Present on Admission Reporting Guidelines. Appendix I in ICD-10-CM Expert fc Hospitals. Salt Lake City: Optum.

Answers

a. The POA status assigned is erroneous. The number Z15.01 shows that the patient has a personal history of benign breast tumor, which is not a current condition at the time of admission.

Under this circumstance, the right POA status is N. (not present on admission). a. The POA status assigned is erroneous. The number 121.4 denotes acute NSTEMI, which was present at the time of admission. For this circumstance, the right POA status is Y. (present on admission). b. The POA status assigned is erroneous. The code J18.9 denotes pneumonia, which was not present at the time of admission. The POA status assigned is incorrect. The code Z15.01 indicates that the patient has a personal history of benign breast tumor, which was not present at the time of admission. Under this circumstance, the right POA status is N. (not present on admission).

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How does your state’s on-time payment record compare to the national rate?

Answers

It should be noted that my state’s on-time payment record is high compare to the national rate.

What is a credit score?

A credit score serves as a numerical expression based on a level analysis of a person's credit files.

This is a term that to represent the creditworthiness of an individual after his account has been checked.

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What is a temporary occupational license?

Answers

If an applicant pays the requisite fee and provides documentation that the applicant has complied with the conditions for licensure on forms issued by the Board, the Board may grant the applicant a temporary license.

The board may issue a temporary license to someone who has obtained the required education and experience.

Only as an assistant and under the direct supervision of a qualified occupational therapist is it permitted to conduct occupational therapy with a temporary license.

The aspects of patient/client evaluation and reevaluation as well as the parts of creating a written program plan may be delegated to a temporary licensed occupational therapist by the supervisor. These responsibilities must be in line with the temporary licensee's education, background, and level of expertise.

Standardized test administration, the performance of activities of daily living evaluations, and other aspects of patient/client assessment and reconsideration that do not require the professional judgment and expertise of an occupational therapist may be delegated by the supervisor to a capable temporary licensed occupational therapy assistant.

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A new parent-focused website is adding a blog to attract readers. Which of the following elements are likely to be discussed at the project plan approval meeting?

a.)
The editing guidelines document for the new blog

b.)
Preferred methods for communicating schedule changes

c.)
A list of topics that will be covered each week in the new blog

d.)
A review of the number of days assigned to testing the changes to the website

Answers

Answer: d

Explanation: :()

Linda is an accountant at a major conglomerate. Her job profile states that she has to access not only the data from her firm, but also the data from the firms that compose the conglomerate as a whole. On which of these networks is Linda most likely working?

Answers

Answer:

firms

Explanation:

a training program that has experienced workers temporarily assigned to the training department is called a(n) .

Answers

A pass-through program is a training initiative where experienced staff members are temporarily allocated to the training division.

What are programs for training?

Training programs equip personnel with the skills and knowledge needed to carry out their responsibilities on a regular basis. Training programs can provide workers with critical info in their specialized fields, enabling them to become knowledgeable and at ease in their working environments.

What sort of training program would that be?

Orientation and onboarding training, technical and soft skills training, product and service training, conformity assessment, franchise mentoring, and managerial and leadership training are a few well-known examples.

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The market where firms purchase factors of production is referred to as the a. product market. b. resource market. c. capital market. d. foreign exchange market.

Answers

The correct answer is b. resource market.The market where firms purchase factors of production, such as labor, capital, land, and raw materials, is referred to as the resource market.

In this market, firms interact with individuals, households, and other businesses that supply these resources. The pricing and allocation of resources are determined through the interactions of demand and supply forces in the resource market.

a. The product market refers to the market where final goods and services are bought and sold by consumers.

c. The capital market is a specific financial market where long-term debt and equity securities are traded, and funds are raised for investment purposes.

d. The foreign exchange market is the market where different currencies are exchanged or traded.

Therefore, the resource market is the appropriate term for the market where firms purchase factors of production.

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