Q1. The following Chris Sandvig Irrigation, Inc. has summarized the price list from two potential suppliers of an underground control valve. Annual usage is 2400 valves; order cost is $10 per order; and annual inventory holding costs are $3.33 per unit. Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost? Vendor A Price Quantity 1-49 50-74 75-149 150-299 Price $35.00 $34.75 Vendor B Quantity 1-99 100-199 200-399 $34.50 $33 $33.55 $32.35 $32.50 $31.10 400+ 300+ $31.15
Answers
The optimal solution is to select Vendor A and order 260 control valves to minimize the total cost, which amounts to $9552.03.
To determine the Economic Order Quantity (EOQ) for each supplier, the formula is used: EOQ = √((2SD)/C), where S is the annual demand or usage, D is the ordering cost per order, and C is the holding cost per unit. For Vendor A, with an annual demand of 2400 valves, an ordering cost of $10 per order, and a holding cost of $3.33 per unit, the EOQ is calculated to be approximately 260 valves.
The total cost for ordering 260 valves from Vendor A is calculated by adding the purchase cost, ordering cost, and holding cost. The purchase cost is obtained by multiplying the number of valves by the corresponding price, which amounts to $9027.5. The ordering cost is calculated as (2400/260) multiplied by $10, resulting in $92.3. The holding cost is determined by multiplying half of the EOQ by the holding cost per unit, which amounts to $433.23. The total cost for Vendor A is the sum of the purchase cost, ordering cost, and holding cost, which equals $9552.03.
Similarly, for Vendor B, the EOQ is calculated to be approximately 2458 valves. The total cost for ordering 2458 valves from Vendor B is calculated by adding the purchase cost, ordering cost, and holding cost. The purchase cost is obtained by multiplying the number of valves by the corresponding price, resulting in $76428.8. The ordering cost is calculated as (2400/2458) multiplied by $10, resulting in $9.71. The holding cost is determined by multiplying half of the EOQ by the holding cost per unit, resulting in $4099.27. The total cost for Vendor B is the sum of the purchase cost, ordering cost, and holding cost, which equals $80537.78.
Therefore, selecting Vendor A and ordering 260 control valves results in the minimum total cost of $9552.03.
The analysis of the EOQ and total cost for each supplier reveals that selecting Vendor A and ordering 260 control valves is the optimal solution. This choice minimizes the total cost to $9552.03. By considering the EOQ and associated costs, Sandvig Irrigation can effectively manage its inventory and procurement process, ensuring efficient and cost-effective operations.
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Related Questions
what is the main aim of business office
Answers
Answer:
the main aim is to aim for correct and fast work
the andres family has $40000 for a down payment on a house and closing costs they need a loan to cover the remaining expenses on a house they will purchase for $150000
Answers
If the closing costs are five percent of the home value then the mortage or home loan be $117.500.
To cover this remaining amount, the family can explore various loan options, such as a mortgage loan. A mortgage loan allows borrowers to secure financing to purchase a property. The loan amount and terms depend on factors like credit history, income, and the specific lender's requirements.
When obtaining a mortgage loan, borrowers typically work with a lender who assesses their financial information and determines their eligibility. The lender will consider factors like the borrowers' creditworthiness, income stability, and the loan-to-value ratio (LTV). The LTV is the ratio of the loan amount to the property's appraised value or purchase price.
Based on the Andres family's financial situation, they can approach lenders and explore mortgage options. It is advisable for them to compare interest rates, loan terms, and closing costs from different lenders to find the most suitable option. They should also ensure that they can comfortably manage the monthly mortgage payments in line with their income and budget.
$40.000 cover
- $32.500 downton payment
- $7.500 - closing costs (5%*$150.000)
Closing costs is not a part of house price.
Remain costs = $150.000 - $32.500
= $117.500
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Complete question:
The andrews family has $40,000 for a down payment on a house and closing cost. they need a loan to cover the remaining expenses on the house they will purchase for $150,000. the closing costs are five percent of the home value. how much will the mortage or home loan be?
Anybody else have a baby class in their school?
Answers
Answer:
no my school is boring hehehhe
Alex and Patty Webb launched a firm several years ago and have been particularly successful in introducing new products to the marketplace. One thing that Alex and Patty are particularly good at is translating their thoughts, creativity, and imaginations into products that reach the marketplace. The ability to make this happen is most closely related to which of the following characteristics of successful entrepreneurs?A) A passion for the business.
B) Execution intelligence.
C) Tenacity despite failure.
D) Product/market focus.
E) A desire for recognition.
Answers
Answer: B, Execution intelligence.
I'm happy to help :)
What is dependability?
Dependability is doing everything that is assigned to me.
Dependability is trying to be useful.
Dependability is working through difficulty.
Dependability is fulfilling commitments even in the face of difficulty.
Answers
two importance of seasonal vegetable cultivation grade 7
Answers
Q. Two importance of seasonal vegetable cultivation?
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$ \longrightarrow $ In-season produce is fresher and tastes better, sweeter and perfectly ripe. When fruits and vegetables are picked for consumption that have been naturally ripened on the vine or the tree and harvested at the right time, it will have much more flavor and nutrition.
Today's theories about motivation emphasize the importance of factors within the individual particularly the variables of expectancy and value Students' motivations are strongly influenced by what they think is important (value) and what they believe they can accomplish (expectancy). Who quote is this?
Answers
What students value and what they believe can accomplish have a significant impact on their motivation expectancy. This quote comes from the philosophy of motivation.
What motivational ideas does the expectancy-value theory put forth?
The relationship between a student's expectation for success at a task or the achievement of a goal in relation to the value of task completion or goal attainment is described by the expectancy-value theory, which is a theory of motivation. A student's expectation for success on a particular activity is referred to as expectancy. Theoretical models of motivation nowadays place a strong emphasis on internal factors, particularly the variables of expectation and value.
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how marketers promote new products
Answers
The answer is the marketers promote their products through Media coverage, Website, Social media, Advertising and Personal selling.
What does marketing promotion mean?Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure. Promotion in marketing is the process of raising consumer interest in a product through marketing or a price reduction.
What serves as marketing promotion's primary objective?Making sure that consumers are aware of the presence of products is the primary goal of promotion. Promotion is also used to remind customers of why they would want to buy a product and to convince them that it is superior to similar products on the market.
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Which term best completes the outline?
?
economy
Economic freedom
Competition between businesses
Decisions motivated by profit
O A. Traditional
B. Mixed
C. Market
D. Command
Answers
Answer:
C. Market.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Mixed economy.
II. Command economy.
III. Traditional economy.
IV. Free market economy.
A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.
The four (4) main elements or characteristics of a free enterprise system includes the following;
a. Profit: businesses are all out to generate revenue and profit through the sales of finished goods.
b. Economic freedom: means of production of goods and services are controlled by the people rather than the government. Thus, the producers are free to make their economic choices or decisions such as deciding on how much is to be charged on a product.
c. Private ownership of properties: the various factors of production are owned and allocated by the people. Thus, citizens have rights to the ownership and use of private property.
d. Competition: there are many buyers and sellers of homogeneous products, as well as free entry and exit in the market. Thus, consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc.
In conclusion, a market is characterized by the following economy;
I. Economic freedom
II. Competition between businesses
III. Decisions motivated by profit
is command
Explanation:
trust me
Describing Projected Growth for Accountants
Answers
The projected growth for accountants is expected to be steady in the coming years.
According to the Bureau of Labor Statistics, the employment of accountants and auditors is projected to grow 6 percent from 2018 to 2028, which is about as fast as the average for all occupations.
There are several factors contributing to this projected growth. One major factor is the increasing complexity of tax laws and regulations, which creates a higher demand for skilled accountants to help individuals and businesses navigate the tax landscape. Additionally, the globalization of business has led to an increase in demand for accountants who are well-versed in international accounting standards and can help companies navigate the complexities of cross-border transactions. Finally, the growth of technology has created new opportunities for accountants who are skilled in data analysis and can provide insights into financial data to help businesses make better decisions.
This growth can be attributed to globalization, a growing economy, and an increasingly complex tax and regulatory environment, leading to increased demand for accounting services.
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Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Unsought good
Omar buys a snack bag of chips that he noticed while
waiting in line at the store.
Joaquin pays for renters' insurance so that he will get
paid if his belongings are destroyed in an accident or
burglary
Convenience
impulse good
Jamie goes to the store to buy toothpaste.
Convenience
staple good
Wanda reads reviews of different video cameras to
decide what brand she wants, and then chooses the
store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local
doughnut shop.
Specialty good
Answers
Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good. Convenience impulse good are good which entices the consumer which leads to he making purchase without researching or thinking.
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good. Unsought good are goods that the consumer has no prior knowledge on and usually purchased out of fear.
Jamie goes to the store to buy toothpaste - Convenience staple good. Convenience staple good are goods regularly consumed.
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good. Shopping good are goods purchased after consumer had compared its prices, quality in different store.
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good. Specialty good are goods which specific characteristics and benefit such that consumer has a reason for purchasing it.
A specialty chemical company is considering expanding its operations into Brazil, where five companies dominate the consumption of specialty chemicals. What sort of distribution network should this company use?2.Amazon sells books, music, electronics, software, toys, and home improvement products online. In which product category does going online offer the greatest advantage compared with a retail store chain? In which product category does the online channel offer the smallest advantage (or a potential cost disadvantage) compared with a retail store chain? Why?
Answers
For the specialty chemical company considering expansion into Brazil, it would be advisable to establish a distribution network that aligns with the dominant companies in the market.
1. Chemical company could involve partnering with or acquiring existing distribution channels utilized by these companies. By leveraging the established network, the company can efficiently reach its target customers and gain market share.
2. The online channel offers the greatest advantage for products like books, music, electronics, software, and toys.
These products can be easily shipped, have a wide customer base, and often benefit from the convenience and competitive prices offered by online retailers like Amazon.
On the other hand, home improvement products might face challenges with online sales. Customers may prefer to physically examine and compare items, requiring assistance and advice from knowledgeable staff.
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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.
In capital budgeting, the net ______ determines the value of a project to the company. Multiple choice question. sales income future value present value
Answers
Capital budgeting is a process that is used by a business to determine the financial feasibility of a given investment project. Capital budgeting helps organizations to make investment decisions that involve investing in long-term assets.
Capital budgeting is critical as it aids companies to make decisions that maximize the shareholder's wealth by utilizing a set of criteria that identifies the investments' potential future cash flows.The net present value (NPV) is a financial calculation that is used in capital budgeting to determine the value of a project to the company.
NPV measures the present value of an investment's expected cash flows by subtracting the project's initial investment. In simpler terms, NPV takes the expected cash inflows from an investment and subtracts the expected cash outflows from the same investment to come up with a net cash flow.
This calculation determines whether or not a project is worth the investment, as it gives an indication of the returns to be generated from a project.
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Which correctly lists the titles for this Venn diagram?
Title 1 should be Logistics and Inventory Control Pathway and Title 2 should be Maintenance, Installation, and
Repair Pathway.
O Title 1 should be Maintenance, Installation, and Repair Pathway and Title 2 should be Logistics and Inventory
Control Pathway.
Title 1 should be Quality Assurance Pathway and Title 2 should be Production Pathway.
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.
Answers
The correct title for the Venn diagram should be
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.What is a production pathway?This is the pathway that has to show all the process of manufacturing and assembling the products.
What is the quality assurance pathway?This has to do with the inclusion of the workers that would help to ensure that quality standards are followed and the products meets their performance requirements.
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Answer:
D
Explanation:
QUESTION 1 of 10: Large-cap stocks have a market capitalization of:
0 0 0 0
a) Between 300 million and 2 billion
b) Between 10 billion to 200 billion
c) Between 200 billion and 500 billion
d) Between 500 billion and 900 billion
Answers
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Answers
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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When an employer treats some employees differently due to their race, religion, sex, national origin, or age, it is known as ________.
Answers
When an employer treats some employees differently due to their race, religion, sex, national origin, or age, it is known as Disparate Treatment.
Disparate treatment of an individual as an employee that's less favorable than treatment of others for discriminatory reasons as race, religion, national origin, sex, or disability.
Disparate treatment may be a thanks to prove illegal employment discrimination. An employee who makes a disparate treatment claim alleges that he or she was treated differently than other employees who were similarly situated, which the difference was supported a protected characteristic.
Disparate treatment occurs when a worker is treated differently than employees who don not have the identical protected characteristics.
Example of disparate treatments in business: Hiring on the premise of strength to favor male gender over female gender employees.
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challenging followers to perform work at the highest levels possible is an example of which leadership behavior? a. participative b. supportive c. directive d. achievement oriented
Answers
The leadership behavior where a leader challenges followers to perform work at the highest level possible is referred to as "achievement oriented." So, The correct answer is option D.
This leadership style involves setting high expectations and standards for performance, and encouraging followers to strive towards meeting or exceeding those expectations.
The leader focuses on results and encourages their followers to do the same. They provide feedback and support to help followers develop their skills and improve their performance, but ultimately, the emphasis is on reaching the desired outcome.
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Write H if the resource is a human resource, and NH if it is a nonhuman resource. 1.Machines
2.Tools
3.Workers
4.Land
5.Water
6.Capital
7.Labor force
8.Time
9.Entrepreneur
10.Process
Answers
1.H
2.H
3.NH
4.NH
5.H
6.NH
7.H
8.NH
9.H
10.H
Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1. 8% simple interest, how much money could he have in savings after 3 more years? a. $1,649. 72 b. $1,055. 10 c. $1,019. 06 d. $1,001. 4.
Answers
Answer: A
Explanation:
Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be $1,055.10.
The amount saved for the year would be:
= 83.42 x 12 months
= $1,001.04
If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:
= Amount + ( Amount x rate x number of years)
= 1,001.04 + (1,001.04 x 1.8% x 3)
= $1,055.10
In conclusion, the account would have $1,055.10
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what is the meaning of form of business organization? don't spam
Answers
Answer and Explanation:
A business organization is an entity that focused on carrying out the enterprise on commercial activity by giving the products or services in order to meet out the needs and wants of the customers.
Here are different types of business organization that includes sole proprietorship, general partnership, limited liability, corporation, etc and based on each form there are different tax liability, duties, responsibilities
Which describes a situation of scarcity?
Answers
Answer:
Scarce natural resources make it more difficult for producers to keep up with demand.
Explanation:
pa brainlest na din po
Answer:
"Scarce natural resources make it more difficult for producers to keep up with demand"
ABSOLUTE SCARCITY EXAMPLES INCLUDE: ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity. A day has an absolute scarcity of time, as you cannot add more than 24 hours to its supply. Those without access to clean water experience a scarcity of water
How to study using a 450 pg online college textbook in which you are asked detailed questions and scenarios.. It's overwhelming.
Answers
Answer:
Explanation:
There are many things in life that will seem overwhelming due to the how large and complex all of the data may be. The best way to get through these moments is to divide the task into smaller parts and sit down and dedicate time to it. For such a textbook divide the total amount of pages and read a little bit at a time, take breaks, reflect on what you have read, answer practice questions, and continue to the next group of pages. You will see after getting started that it is not as overwhelming anymore.
You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answers
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
51502194 I hate you can everyone please report him
Answers
Answer: why do you hate this person so much
Explanation:
Answer:
ill put a question he has answered in the comment section and you can do whatever you wanna do with his anwers then
Explanation:
gimme brainliest
Misstated f/sa. result from errorsb. do not result from fraud because when they do they are called fraudulent f/sc. are always the result of theftd. should be detected by audits whether they result from error or fraud
Answers
Misstated financial statements can result from errors, and they do not necessarily result from fraud. The correct option is B.
Errors in financial statements can occur due to mistakes in accounting, calculation, or data entry. These errors can result in misstated financial statements, but they do not necessarily indicate fraudulent activity.
On the other hand, fraudulent financial statements are intentionally manipulated to misrepresent the financial position of a company. Fraudulent financial statements can be used to deceive investors, lenders, or other stakeholders for personal gain.
Misstatements in financial statements should be detected by audits, whether they result from errors or fraud. Audits are designed to evaluate the accuracy of financial statements and identify any misstatements that may exist. Auditors use various techniques and procedures to test the validity of financial information, including sampling, documentation, and analysis.
In conclusion, misstated financial statements can result from errors or fraud. Audits are important in detecting misstatements, whether they are the result of error or fraud.
Therefore, the correct option is B.
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Which nims management characteristic refers to the number of subordinates.
Answers
Why does investing in stocks often yield a higher rate of return than investing in certificates of deposit?
A) There is a risk that investors in stocks will lose all of their investments if the company in which they invested fails.
B) There is a risk that investors in stocks will be forced to sell their shares of a company if the company goes bankrupt.
C) There is a risk that investors in stocks will be forced to invest more money in a company if the company cannot pay its debts.
D) There is a risk that investors in stocks will be criminally charged for any wrongdoing on the part of the company in which they invested.
Answers
Answer:
Letra D)
Explanation:
"Profit plays an important role in the business." In the light of this statement,
Explain three reasons for the importance of profit in business.
Answers
Answer:
to secure financing from a bank
to attract investors to fund its operations
to grow the business itself
Explanation: