Rocky Mountain Tire Center sells 7,000 go-cart tires per year. The ordering cost for each order is $35, and the holding cost is 30% of the purchase price of the tiresor more br feer ran 5 000 fires are ordered and &15 per tire if 5 000 or more tires are orderedal How many tires should Rocky Mountain order each time it places an order?
Answers
Since the EOQ for orders of 5,000 or more tires is within the range of the discounted price (397 tires < 5,000 tires), Rocky Mountain Tire Center should order 397 tires each time it places an order to minimize its total cost.
How to determine the optimal order quantityTo determine the optimal order quantity for Rocky Mountain Tire Center, we will use the Economic Order Quantity (EOQ) model.
The EOQ model helps minimize the total cost of ordering and holding inventory.
Given:
- Annual demand (D) = 7,000 go-cart tires
- Ordering cost (S) = $35 per order
- Holding cost rate = 30% of the purchase price per tire
- Purchase price per tire:
$20 if less than 5,000 tires, and $15 if 5,000 or more tires
First, let's determine the holding cost (H) per tire: For orders less than 5,000 tires:
H = 0.3 * $20 = $6 per tire
For orders of 5,000 or more tires:
H = 0.3 * $15 = $4.50 per tire
Now, we can calculate the EOQ for each case using the formula:
EOQ = √(2DS / H)
For orders less than 5,000 tires:
EOQ = √(2 * 7,000 * $35 / $6) ≈ 303 tires
For orders of 5,000 or more tires:
EOQ = √(2 * 7,000 * $35 / $4.50) ≈ 397 tires
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Related Questions
How can formal business documents help managers solve problems?
A. By presenting well-organized, accurate information about a
problem
B. By creating a record of every action taken during a meeting
C. By eliminating the need for schedules and budgets to track
progress
D. By making decisions so the managers do not have to handle them
Answers
Answer:
A By presenting well organized, accurate information about a problem
What expertise and characteristics should directors have or possess in companies like Spar and Shoprite? Explain THREE each
Answers
Expertise and characteristics that directors in companies like Spar and Shoprite should possess include knowledge of retail industry trends, financial acumen, and strong leadership skills.
What expertise and characteristics should directors have or possess?Directors in companies like Spar and Shoprite play a crucial role in guiding the strategic direction of the organization, ensuring that it remains competitive and profitable in a constantly evolving retail landscape.
To do this effectively, they must possess a deep understanding of the industry, including emerging trends in consumer behavior, technology, and logistics. They must also have strong financial acumen, as they are responsible for overseeing the company's financial performance and making decisions that will drive growth and profitability.
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You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax withholding (10.75%), and state tax withholding (7.5%). What am I making?
Answers
Answer:i have no answer but you are making more income
Explanation:
cause
Answer:
These are the answers
Explanation:
Lee, Brad, and Rick form the LBR Partnership on January 1 of the current year. In return for a 25% interest, Lee transfers property (basis of $15,000, fair market value of $17,500) subject to a nonrecourse liability of $10,000. The liability is assumed by the partnership. Brad transfers property (basis of $16,000, fair market value of $7,500) for a 25% interest, and Rick transfers cash of $15,000 for the remaining 50% interest.
A. After the contribution, Lee's basis in his interest in the partnership is $ ?
B. Brad's basis in his interest in the partnership is $ ?
C. Rick's basis in his interest in the partnership is $ ?
Answers
To calculate each partner's basis in their interest in the partnership, we need to take into account the contributions they made and the liabilities assumed by the partnership.
Cash contributed: $15,000
Multiplied by: Rick's ownership percentage: x 50%
Equals: Rick's basis in his interest in the partnership: $7,500
Since Rick did not contribute any property with an adjusted basis, his basis in his interest in the partnership is equal to the cash contributed. Therefore, Rick's basis in his interest in the partnership is $15,000 multiplied by 50%, which equals $7,500.
A. After the contribution, Lee's basis in his interest in the partnership is $?
B. Brad's basis in his interest in the partnership is $?
C. Rick's basis in his interest in the partnership is $?
A. Lee's initial basis in the property is $15,000. The nonrecourse liability of $10,000 is assumed by the partnership. To calculate Lee's basis in his partnership interest, subtract the liability assumed by the partnership from his initial basis: $15,000 - $10,000 = $5,000.
B. Brad's basis in his interest in the partnership is equal to his initial basis in the property transferred, which is $16,000.
C. Rick's basis in his interest in the partnership is equal to the cash he contributed, which is $15,000.
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1.05 the market place economic
Answers
A market economy serves as an economic system in which economic activities is been controlled by individuals.
What is market economy?market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .
This decision could be pricing of goods and services which are been controlled by the interactions of a country's individual citizens.
COMPLETE QUESTION:
Explain market place economy
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caitlin is a highly motivated sales executive in a company that sells textbooks on business studies. she works hard to maintain friendly relations with the professors at colleges and universities. when a committee was in the process of selecting a new book on marketing, the book caitlin was promoting was selected. her amiable relationship with the committee chairman paved the way for this selection. the committee chairman trusted caitlin and believed that she would meet his expectations as before. identify the type of relationship between caitlin and the committee chairman in this scenario.
Answers
The type of relationship between Caitlin and the committee chairman in this scenario is of an employee and an employer.
Who is a chairman?A board, committee, or deliberative assembly's chairperson, who is also known as the chairman, chairwoman, or chair, serves as the group's presiding officer. The official, who is normally chosen or nominated by the group's members, preside over meetings and oversees the smooth operation of the group's affairs.
In certain organizations, the chairperson and president are two different titles. In some, when the president is chosen by a board, the two names refer to different roles. Additionally, the term "chairman" may be used in a neutral way without explicitly emphasizing the gender of the holder. The term "chair" can refer to any location where the office holder preside, including a chair, a lectern, or another location.
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The total accumulated value of foreign-owned assets at a given time is called the __________ of fdi.
Answers
The total accumulated value of foreign-owned assets at a given time is called the stock of foreign direct investment.
The overall level of direct investment at a specific moment, typically the end of a quarter or a year, is measured by foreign direct investment (FDI) stocks. The value of resident investors' equity in and net loans to businesses in other countries make up the outward FDI stock.
The value of foreign investors' shares in and net loans to domestically based businesses make up the inward FDI stock. FDI stocks are calculated as a percentage of GDP in USD. FDI forges enduring and reliable ties between nations' economies.
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Last month when Holiday Creations, Incorporated, sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the compa
Answers
$200,000 total sales
What is sales?Sales are activities that involve selling or the number of goods sold in a specific time period. A sale also includes the provision of a service for a fee.
A sales lead is a potential sales contact, individual, or organization who expresses interest in your products or services. Leads are typically obtained by referring an existing customer or by responding directly to advertising or publicity.
The sale of goods or services, or a price reduction, is referred to as a sale. A new house sale is an example of a sale. A 50% discount on all jeans at a store is an example of a sale.
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What general advice would you give to a retailer when you are very dissatisfied with a service that you have purchased?
Answers
Incomplete question. Answered from a general perspective.
Answer:
service improvement
Explanation:
It is important to remember that every customer wants to receive value for their money. Hence, when the expected value derived from buying or selling a particular service or product fails to meet a customer's expectation it may result in negative customer feedback.
Retailers are often generally advised to make service improvments based on the feedback they received from their customers.
A bottling company sent a purchase order to a wholesaler that stated, "Ship 100,000 empty plastic bottles at the posted price." Two days after receipt of this purchase order, the wholesaler shipped the bottles, and the bottling company accepted delivery of them. A week after the bottles were delivered, the bottling company received the wholesaler's acknowledgement form, which included a provision disclaiming consequential damages. After using the bottles for two months, the bottling company discovered a defect in the bottles that caused its products to leak from them. The bottling company recalled 10,000 of the bottles containing its product, incurring lost profits of $40,000. Assuming all appropriate defenses are seasonably raised, will the bottling company succeed in recovering $40,000 in consequential damages from the wholesaler?
Answers
Answer:
The bottling company will probably succeed in recovering consequential damages because the original contract didn't include the seller's acknowledgement form. It was sent after the contract had been formed, and therefore, they cannot change the original contract unless the other party accepts that change. E.g. if you buy a car, the seller of the car cannot notify you one week after you purchased the car telling you that the car probably had a defect but they wouldn't responsible for it.
this is due today hep is needed
Answers
Explanation:
In order to determine the nature and type of discount to offer in our direct mail campaign, I would conduct market research to assess the customer base and determine the most attractive coupon offer. This research could be both qualitative and quantitative in nature.
For the qualitative research, I would conduct focus groups and surveys to gauge customer sentiment on the types of discounts they would prefer and the types of discounts they would be most likely to respond to. This would help us to better understand the motivations and behaviors of our customers.
For the quantitative research, I would use analytical tools such as customer segmentation, data mining, and market basket analysis to identify potential consumer groups, determine the potential customer lifetime value, and understand the buying patterns of our customers. This would help us to better understand which types of discounts would be the most effective in driving sales.
I have been asked to be a part of research in the past. The research was mainly qualitative in nature, as researchers were looking to gain a better understanding of customer preferences and attitudes towards different products and services. They asked me to participate in a survey and focus group discussions to provide insights into my buying habits and opinion on the various products and services on offer.
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
Based on the information in the table, which BEST explains the relationship between Country A and Country B?
Answers
Answer:
Im going with b because i cant see the picture
Explanation:
Answer:Country B has an absolute advantage over country A
Explanation: I took it befo
Which of the following would be considered a deviant means to achieve the goal of economic success?a. Working hard at a job even though you hate itb. Selling powder cocaine to wealthy businesspeoplec. Attending graduate schoold. Opening your own business
Answers
Selling powder cocaine to wealthy businesspeople would be considered a deviant means to achieve the goal of economic success.
Economic success refers to the achievement of financial prosperity and stability. It generally involves attaining a high income or wealth, having a stable job or business, and achieving a comfortable standard of living. Economic success can vary from person to person and may be influenced by factors such as personal goals, financial circumstances, and societal expectations. It is often measured by indicators such as income levels, net worth, and economic mobility. It involves engaging in illegal and harmful activities that can have negative consequences for individuals and society. Working hard at a job, attending graduate school, and opening your own business are all legitimate and socially acceptable ways to pursue economic success.
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Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers
Answer and Explanation:
The Journal entry is presented below:-
1. Accounts receivable Dr, $200,000
To Sales revenue $200,000
(Being sales revenue is recorded)
2. Advertising expense Dr, $10,000
Sales revenue Dr, $12,000
To Cash $$22,000
(Being expenses is recorded)
Cash Dr, $200,000
To Accounts Receivable $200,000
(Being cash receipt is recorded)
Is opening a checking account at a credit union basically the same as opening one at a bank?.
Answers
Opening a checking account at a credit union is similar to opening one at a bank.
How are credit unions and banks similar in terms of opening a checking account?When it comes to opening a checking account, credit unions and banks offer similar services and functionalities. Both institutions allow individuals to deposit and withdraw funds, write checks, use debit cards, and access online banking services. The account setup process is also comparable, typically involving the completion of an application, providing identification documents, and meeting any specific eligibility criteria set by the institution.
However, there are a few key differences to consider. Credit unions are not-for-profit organizations owned by their members, while banks are for-profit entities. This distinction can impact the fees, interest rates, and overall customer experience offered by each institution. Credit unions may provide more personalized customer service and potentially offer lower fees and higher interest rates on deposits. Additionally, credit unions often have a community-focused approach, supporting local initiatives and offering membership benefits beyond basic banking services.
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2011/1/14 Paid wages 50,000
journal entry
Answers
Answer:
see below
Explanation:
Wages are business expenses. In the Double entry system, an increase in expenses is a debit entry.
When wagers are paid, cash available reduces. Cash is an asset account. A decrease in an asset account is a credit entry.
the Journal entry in the case will be
Wages A/C Dr $5000
Cash A/C Cr $5000
The epicurean society is holding its annual election for president. The three candidates are a, b, and
c. Twenty percent of the voters like upper c the most and upper a the least. Forty percent of the voters like upper a the most and upper c the least. Of the remaining 232 prefer upper b to upper c and upper c to upper a, and 696 prefer upper b to upper a and upper a to upper
c. Write out the preference schedule for this election.
Answers
Answer and Explanation:
Please find answer and explanation attached
Prime cost is directly related to production. So, per unit prime cost can be calculated easily. While on the other hand, overhead does not have direct relationship with production. So, to calculate per unit cost, overhead is classified according to functions.” Explain this statement and also summarize all the overheads according to their functional classification.
Answers
Basically, a firm's prime cost equals the total direct costs of production which includes the cost of raw materials and labor.
The prime cost equation is {Cost of raw materials + Direct labor}The overhead cost refers to those cost incurred while running a firm but can not be linked to creation of a product or service.
Overhead expenses is the cost remaining after deduction of direct labor, direct materials and direct expenses.
In conclusion, the prime cost and overhead cost are both significant in production of finished goods.
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3. Which website did you use to find the image you used in your career presentation? Complete sentences are not necessary. (2.0 points)
Needed ASAP
Answers
The best kind of image to use for career presentation if you don't want to buy one is a Royalty-Free or Free License image.
How can you find Royalty-Free Images?In order to find and download Royalty-Free Images, you will need to run an internet search using the keyword "Royalty-Free Images" or "License-Free Images".
An image is a Royalty-Free Image if you are not required to pay before downloading it.
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Economist robert reich advocates that the outsourcing of productive activities to different suppliers results in the creation of.
Answers
Economist robert reich argues that outsourcing production activities to different suppliers results in the creation of global products.
What are global products?They correspond to products developed with the aim of meeting the needs of different consumers around the world, such as technological products such as smartphones, which are products manufactured outsourced through value chains and marketed globally.
Therefore, value chains help a company to reduce costs associated with raw materials and workforce, in addition to contributing to the development of local products, which are exported to several countries, such as Apple and Microsoft.
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A $10,000 face value treasury bond is quoted at a price of 101.6533 with a current yield of 4.87%. What's the coupon rate? a. 4.48% b. 5.41% c. 4.95% d. 5.20% e. 4.27%
Answers
The coupon rate is 4.95% is of the face value treasury bond.
What is coupon rate?The annual income that a bond holder can anticipate while owning the bond is known as the coupon rate. It is determined upon bond issuance and is computed by dividing the total of the annual coupon payments by the bond's par value. The yield to maturity and coupon rate of a bond are equal at the time it is purchased. A coupon is the interest payment that a bondholder receives from the date of issuance until the bond's maturity date in the world of finance. Ordinarily, coupons are discussed in terms of the "coupon rate," which is determined by adding the total annual coupon payments and dividing the result by the face value of the bond.
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why has communism not been a successful economic system?
Answers
Answer:
because the goverment controls everything
Explanation:
Please help
What impact does technology have on the operations functions?
Answers
Today, technology has revolutionized the operations functions of organizations which have led to increased competitiveness and improved customer satisfaction.
How does technology affect operations functions?Technology has transformed the way organizations conduct their operations by allowing them to become more efficient and effective in their processes. The automation of tasks has led to reduced human error, increased accuracy and improved productivity.
It also enabled tracking of inventory, enhancing supply chain management and reducing waste. The use of data analytics has also enabled organizations to make better decisions, identify pattern and optimize their operations for improved outcomes.
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40 points & Will mark brainliest!
Compare tracking in affiliate marketing to that of e-mail and online advertising. What are the similarities/ differences? (Emphasis on the differences)
Answers
Similarities:
They both are ways to reach out to advertise products through the use of technology making them seen by a very wide range of buyers
Differences:
Emails are ignored and deleted by lots of people making them less effective however people may still see them unless they go to junk mail. Regular online advertising however, might reach more people as they might appeal more with photos or slogans to help get the advertisment stuck in the buyers mind. In my opinion, online advertising is more effective than emails.
an insurance company expects that 30% of high-risk drivers will be involved in an accident during the first 50 days of the calendar year. Calculate the portion of high-risk drivers that are expected to be involved in an accident during the first 80 days of a calendar year
Answers
60% of high-risk drivers will be involved in an accident during the first 80 days of the calendar year.
Assuming that the probability of high-risk drivers being involved in an accident is constant over time, we can use the formula for calculating expected values to estimate the portion of high-risk drivers expected to be involved in an accident during the first 80 days of the calendar year. Let X be the number of high-risk drivers involved in an accident during the first 80 days of the year. Then, we know that the probability of a high-risk driver being involved in an accident during the first 50 days is 0.3. Thus, the expected number of high-risk drivers involved in an accident during the first 50 days is 0.3 times the total number of high-risk drivers. Let N be the total number of high-risk drivers. Then, the expected number of high-risk drivers involved in an accident during the first 50 days is 0.3N. Now, we want to estimate the expected number of high-risk drivers involved in an accident during the next 30 days (days 51-80). Assuming that the probability of high-risk drivers being involved in an accident is constant over time, we can use the same probability of 0.3 to estimate the expected number of high-risk drivers involved in an accident during days 51-80.
Thus, the expected number of high-risk drivers involved in an accident during the first 80 days is 0.3N + 0.3N = 0.6N.
To calculate the portion of high-risk drivers expected to be involved in an accident during the first 80 days, we divide the expected number of high-risk drivers involved in an accident by the total number of high-risk drivers:
Portion = (0.6N / N) = 0.6
Therefore, we can expect that 60% of high-risk drivers will be involved in an accident during the first 80 days of the calendar year.
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Which of the following is generally regarded as the most challenging issue of public policy and ethics confronting the direct marketing industry?
a. Privacy. b. Consumer protection. c. Competition. d. Environmental sustainability.
Answers
The most difficult ethical and public policy problem facing the direct marketing sector is often seen as being privacy.
Direct marketers must navigate complex laws and regulations regarding privacy, such as the General Data Protection Regulation (GDPR) in the European Union and the California Consumer Privacy Act (CCPA) in the United States. Failure to comply with these laws can lead to significant fines and damage to the reputation of the company. Additionally, consumers are increasingly concerned about the privacy of their personal information, making it essential for direct marketers to address this issue appropriately.
This is because direct marketing often involves collecting, storing, and using consumers' personal information, which raises concerns about how that information is handled and protected. Balancing the industry's need for consumer data with individuals' rights to privacy is an ongoing challenge that requires careful consideration of ethical and legal implications.
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Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Answers
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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What is defined as a budget surplus? (1 point)
O Spending exceeds income.
OA spending necessity.
OA spending desire or luxury.
O Take-home pay exceeds spending.
Answers
Take-home pay or income exceeds spending is defined as a budget surplus.
When income surpasses expenditure, there is a budget surplus. Since people often have "savings" rather than a "budget surplus," which is a sign that a government's finances are being handled well, the word is frequently used to describe the financial situation of the government.
A budget excess might be put to use for a purchase, debt repayment, or retirement planning. If a community has a budget surplus, it could utilize that money to make renovations, such reviving a run-down park or downtown. There is a budget imbalance when expenses go beyond revenues. Similar to when someone spends more than they make and pays interest on a credit card debt, deficits require borrowing money and paying interest. When spending and revenue are equal, a budget is balanced.
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Learning is Fun company had current assets amounting to Php 100,000. Noncurrent assets for the year totaled Php 76,000. How much is the company's total assets?
Answers
Non current assets = 76,000
Total assets = current + non current
Total assets = 100,000 + 76,000
Total assets = 176,000
The company's total assets are Php 176,000
How to calculate total assets?By adding current and non-current assets, we will get the company's total assets.
Given:
Current assets = 100,000
Non current assets = 76,000
By adding current and non-current assets:
Total assets = current + non current
Total assets = 100,000 + 76,000
Total assets = 176,000
Taking liabilities into account makes for the most accurate calculation of total assets. To determine total assets, you subtract the value of liabilities from the value of assets.
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