The primary purpose of the basic economic order quantity (EOQ) model is to: minimize the sum of purchase cost and holding cost (option a)
The primary goal of Economic Order Quantity (EOQ) is to minimize the total inventory cost, which includes both ordering costs and holding costs. EOQ is a formula that helps organizations to determine the optimal order quantity of inventory that minimizes the total inventory cost.
The EOQ model assumes that there is a trade-off between the ordering cost and the holding cost. Ordering cost is the cost of placing an order for inventory, while holding cost is the cost of holding inventory in stock, including the cost of storage, insurance, and obsolescence. The EOQ formula calculates the quantity of inventory that minimizes the sum of these two costs.
By minimizing inventory costs, EOQ can help organizations to optimize their inventory management and achieve several benefits, such as reducing stock-outs, improving cash flow, and improving profitability.
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Assume that England and France each has 40 labor hours available. If each country divides its time equally between the production of cheese and wine, then total production is
A. 40 units of cheese and 20 units of wine
B. 24 units of cheese and 15 units of wine
C. 8 units of cheese and 10 units of wine
D. 48 units of cheese and 30 units of wine
If each country divides its time equally between the production of cheese and wine, then total production is 24 units of cheese and 15 units of wine.
Option B is correct.
What exactly are marginal production and total production?The output produced by all employed workers is all that counts toward the total product. The additional output produced by an additional worker is called marginal product. Production rises by 5 percent with a second worker and by 6 percent with a third.
How is total production calculated?The total product is the sum of the marginal products of each of the preceding units of an input at any level. Therefore, the sum of the marginal products is the total product.
What is a formula for production rate?Simply divide your weekly output by the number of hours spent producing it to get your production rate. Your production rate is 200 units per hour (10,000 / 50), including a few defective units, if a typical 50-hour week produces 10,000 units.
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In routine problem solving, the number of external information sources used is typically which of the following?a.noneb.a fewc. there is wide variationd.manye.one
In the course of solving typical problems, external information sources are frequently (A) not used.
What is routine problem-solving?Routine problem-solving emphasizes using predetermined or well-known sets of steps (algorithms) to address issues.
This method's advantage is that paper-and-pencil testing can quickly evaluate it.
There are often no outside information sources employed in normal problem resolution.
Non-routine problem solving focuses on issues that are only indirectly related to everyday living, as opposed to regular problem solving, which focuses on problems that are helpful for daily living (in the present or the future).
This part of the routine has two objectives.
The learner must first assess the issue and determine what is occurring in the problem's context.
Therefore, in the course of solving typical problems, external information sources are frequently (A) not used.
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Which is better overloading or overriding?i
Overloading outperforms overriding in terms of performance. The reason for this is because overridden methods are bound at runtime. Private and final methods can be overloaded, but not overwritten.
Overloading occurs at compile-time, whereas overriding occurs at runtime: The binding of an overloaded method call to its definition occurs at compile-time, but the binding of an overridden method call to its definition occurs at runtime.
Static methods can be overloaded, which means that a class can have multiple static methods with the same name. Static methods cannot be overridden; even if you declare the same static method in a child class, it has no bearing on the parent class's method.
The most fundamental difference is that overloading is done in the same class, but overriding requires base and child classes. Overriding is the process of providing a specific implementation to a parent class's inherited method.
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identify the force that anthropologists of finance suggest is behind the global expansion of capitalism in the twenty-first century.
Circulation of capital is the force that anthropologists of finance suggest is behind the global expansion of capitalism in the twenty-first century.
Which definition of an anthropological fits the bill?
People who study anthropology the study of humanity are referred to as anthropologists. In essence, they are seeking to understand what it is that makes us human.
An anthropologist might be fascinated by anything, ranging from the customs of a tribe on a distant island to the culture of an urban neighborhood, and everything in between.
What exactly does anthropology study?
The study of the beginnings and progression of human communities and cultures is known as anthropology. Languages, belief systems, social structures, organizations, and material possessions all fall under the category of culture, which is learned behavior.
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Business ethics is concerned with all of the following except
A. Distinguishing between right and wrong actions in a business setting.
B. Distinguishing between right and wrong decisions that arise in a business setting.
C. Any special duties or obligations that apply to persons engaged in commerce.
D. Broad and well-established moral and ethical principles that might arise in a business setting.
E. Societal issues such as the sale of products or services that may damage the environment.
Business ethics is not generally concerned with C: "any special duties or obligations that apply to persons engaged in commerce".
Business ethics is concerned with distinguishing between right and wrong actions and decisions in a business setting, and with understanding and applying broad and well-established moral and ethical principles that may arise in a business context. It also considers societal issues such as the sale of products or services that may harm the environment.
However, business ethics is not necessarily concerned with any special duties or obligations that may apply specifically to persons engaged in commerce. Instead, it focuses on more general moral and ethical principles that apply to all individuals and organizations, regardless of their specific role or industry. The aim of business ethics is to promote ethical behavior and decision-making in the business world, and to encourage companies to act in ways that are consistent with the values and interests of society as a whole.
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During year 6, kincaid, incorporated earned $85,000 of cash revenue. The company incurs all operating expenses on account. The year 6 beginning balance in kincaid's accounts payable account was $2,000, while the ending balance was $25,000. The company made cash payments of $40,000 to reduce accounts payable during year 6.
Operating expenses—also acknowledged as selling, common and administrative prices (SG&A)—are the prices of doing business. They consist of rent and utilities, advertising and marketing and advertising, sales and accounting, management and administrative salaries.
What is running fees examples?An operating fee is an rate that a enterprise incurs through its everyday business operations. Operating expenses include rent, equipment, stock costs, marketing, payroll, insurance, step costs, and money allocated for research and development.
Some of the most common running costs include rent, insurance, marketing, and payroll.
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https://brainly.com/question/30115561#SPJ4negotiable instruments are normally issued to fulfill a contract. True/False ?
Negotiable instruments are normally issued to fulfill a contract is True.
Negotiable instruments, such as promissory notes, checks, drafts, and bills of exchange, are typically issued to fulfill a contract or agreement between two or more parties.
Negotiable instruments are typically issued to fulfill a contract. A negotiable instrument is a document that guarantees the payment of a specific amount of money to the holder of the instrument.
These instruments are often used in business transactions to fulfill the terms of a contract. For example, a company may issue a negotiable instrument to a supplier in order to fulfill a contract for the purchase of goods.
The supplier can then cash the instrument to receive payment for the goods. In this way, negotiable instruments are used to fulfill the terms of a contract and ensure that all parties receive the agreed-upon payment.
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Ajax corp's sales last year were $510,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (tie) ratio?.
Ajax corp's times-interest-earned (TIE) ratio is 11.80 times when sales last year were $510,000, operating costs were $362,500, and interest charges were $12,500.
Sales = $510,000
Operating costs = $362,500
Interest charges = $12,500
EBIT (earnings before interest and taxes) measures a company's net income prior to the deduction of interest and income tax charges. With the costs of the capital structure and tax expenses removed, EBIT is used to assess the profitability of a company's core operations.
Earnings before interest and taxes (EBIT) = Sales - Operating costs = $510,000 - $362,500 = $147,500
Time interest earned ratio (TIE) = EBIT/Interest charges = $147,500/$2,500 = 11.80 times
Hence, the Time interest earned ratio (TIE) is 11.80 times.
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Fill the Blank ,the account allowance for uncollectible accounts normally has a _______
The account allowance for uncollectible accounts normally has a "Credit Balance". Accounts receivable that may not be collected are estimated and recorded using the account allowance for uncollectible accounts.
Sometimes referred to as the allowance for questionable accounts, which is a contra-asset account. The balance sheet shows the allowance account as a decrease from accounts receivable, which represents the anticipated net amount of client payments. Because it lowers the amount of accounts receivable that are recorded on the balance sheet, the allowance account typically has a credit balance. The allowance account balance is deducted and the accompanying accounts receivable balance is credited when a certain account is determined to be uncollectible.
Accounts receivable that may not be collected are estimated and recorded using the account allowance for uncollectible accounts, sometimes referred to as the allowance for questionable accounts, which is a contra-asset account.
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The production possibilities frontier is a graphic representation of
What is putting-out system examples?
The putting-out system is a means of subcontracting work. Historically, it was also known as the workshop system and the domestic system. The arrangement between the merchant and the weavers is an example of a putting-out system.
The putting-out system is an economic system that was prevalent in Europe during the 17th and 18th centuries. In this system, a merchant would provide raw materials to a network of rural producers who would work on them at their own homes. These producers would then return the finished products to the merchant who would sell them in the market. The merchant would pay the producers for their labor but also take a significant cut of the profits.
The putting-out system was an early form of industrial production and helped to promote rural industrialization. It provided work to rural communities and helped to spread industrialization beyond urban centers. However, it was also an exploitative system that paid low wages and perpetuated inequality. The putting-out system eventually gave way to the factory system, which was more centralized and efficient but also brought its own set of problems.
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To identify some form of common global ethics, partners in the organization of american states signed the inter-american convention against corruption. The united nations adopted a formal condemnation of __________ in making business deals as did the european union and the organization for economic cooperation and development.
The European Union, the Organization for Economic Cooperation and Development, and the United Nations have formally condemned bribery in commercial transactions.
Bribery refers to the act of offering, giving, receiving, or soliciting something of value in exchange for an undue advantage. It is a form of corruption that undermines fair competition and distorts the allocation of resources.
The Inter-American Convention against Corruption, signed by the members of the Organization of American States, seeks to promote transparency, accountability, and citizen participation in the fight against corruption.
Similarly, the United Nations, the European Union, and the Organization for Economic Cooperation and Development have condemned bribery and other forms of corruption in business deals through various initiatives and agreements. These efforts aim to establish a common global ethics framework that promotes integrity, fairness, and sustainable development, and that helps prevent and combat corruption at all levels of society.
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What type of chemical reactions have more free energy in the products than in the reactants?
Endothermic reactions have more free energy in the products than in the reactants; while exothermic reactions have more free energy in the reactants than in the products.
In an exothermic reaction, energy is released as the reaction occurs, which means that the products have less energy than the reactants. In contrast, in an endothermic reaction, energy is absorbed during the reaction, resulting in products that have more energy than the reactants.
The free energy of a system is the energy available to do work, so in an exothermic reaction, the free energy decreases as the reaction proceeds, while in an endothermic reaction, the free energy increases.
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All of the following statements regarding corporate social responsibility are true except:A) firms believe that they have legal and economic duties in addition to responsibilities to society.B) a firm's responsibilities to society are not associated with the demands, expectations, requirements, and desires of various stakeholders.C) CSR can be defined as context-specific actions and policies, taking stakeholders' expectations into account, to achieve what is referred to as the triple bottom line.D) today, virtually all large and well-known companies engage in some form of CSR.E) CSR actions are not mandated by law.
The statement that is NOT true regarding corporate social responsibility (CSR) is: B) A firm's responsibilities to society are not associated with the demands, expectations, requirements, and desires of various stakeholders.
What is corporate social responsibility ?CSR involves taking into account the interests of a wide range of stakeholders, including customers, employees, suppliers, communities, and the environment. By meeting the needs and expectations of these stakeholders, firms can achieve long-term success and sustainability.
This statement is not true because a firm's responsibilities to society are often associated with the demands, expectations, requirements, and desires of various stakeholders.
Therefore the correct option is B.
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How does the Constitution deal with slaves and the issue of slavery
Twenty years passed before the new government was able to put an end to the slave trade. Slaves were treated as three-fifths of a person for representation and taxes purposes.
Capture, sale, and purchase of people maintained as slaves are all considered to be part of the slave trade. During history, both slavery and the trafficking of slaves have been pervasive. In the 18th century, the slave trade reached its height when six to seven million individuals were transported from Africa to America. Traditional Africans suffered greatly when entire kingdoms were destroyed, but some who benefited from the trade rose to great power and prosperity. From antiquity through the nineteenth century, Slavs and Persians were abducted as slaves, as were Germanic, Celtic, and Latin peoples during the Viking era, and Iranians from the first century CE to the middle of the twentieth century.
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What is the importance of evidence-based practice can manage limited resources ncbi?
Evidence-based practise is important for managing scarce resources since it can increase healthcare safety and improve patient outcomes ncbi.
EBP refers to making decisions based on the best available evidence and offering patients effective, efficient care that is supported by science. EBP deployment can increase patient outcomes and improve healthcare safety.
Healthcare practitioners' daily practises may be enhanced by incorporating evidence-based practise (EBP), which may also lead to better patient outcomes. Building their body of knowledge, establishing best practises, and enhancing patient outcomes are crucial for nurses.
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Whisper co. Had beginning inventory of $20,000 and ending inventory of $26,000. Cost of goods sold for the period was $130,000. Days' sales in inventory is days.
Whisper Co. started with $20,000 in merchandise and ended with $26,000. For the time period, the cost of products sold was $130,000. Days with sales in inventory are 73.
The formula for calculating the Days' Sales in Inventory is:
Days' Sales in Inventory = (Ending Inventory / Cost of Goods Sold) * 365
As per the data given in the above question are as bellow,
It is provided that beginning inventory of $20,000.
And ending inventory of $26,000.
Also Cost of goods sold for the period was $130,000.
we have to determine the Days' sales in inventory is days?
We need to know the number of days in the period in order to calculate the Days' Sales in Inventory.
Substitute the value in above equation we get,
=26000/130000 x 365
solving further we get,
=73
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_____ is the process of preparing a batch report from a point-of-sale terminal.
Batch reconciliation is the process of preparing a batch report from a point-of-sale terminal.
This process involves comparing the transactions that have been recorded in the point-of-sale terminal with the corresponding transactions in the company's accounting records.
The batch report will include the total number of transactions, the total amount of each transaction, and any discrepancies that may exist between the two records.
This process is necessary to ensure accuracy in the company's financial records and to ensure that all transactions are properly accounted for.
Batch reconciliation also helps to detect any potential fraud or errors that may have occurred during the transaction processing.
By reconciling the transactions in a timely manner, companies can ensure that their financial records are accurate and up to date.
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What is shadow work journaling?
Shadow work journaling is a practice that involves exploring and working through your inner thoughts, feelings, and experiences that may be causing you discomfort or pain. It is a form of introspection and self-exploration that can help you gain a deeper understanding of yourself and your relationships with others.
Shadow work journaling involves writing about your thoughts, feelings, and experiences in a journal or notebook, and can be used to identify and address any negative patterns or behaviors that may be holding you back. It is a powerful tool for self-discovery and personal growth, and can help you uncover hidden aspects of yourself that you may not have been aware of before.
The goal of shadow work journaling is to help individuals gain greater self-awareness and acceptance of their shadow aspects, which can lead to greater emotional healing and personal growth.
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What is the correct way to endorse a check?
The proper approach to endorse a cheque is to sign it or endorse it on the back.
"Endorse Here" may be written on a single line or in a box. Do not write, stamp, or sign below this line is typically stated on another line. The endorsement section normally extends across the width of the check and is about 1.5" long.
The payee must endorse the check's back in order to get the money. Indication that the person who signed the check is the payee and intends to receive the funds is made by this signature, known as an endorsement, to the bank or credit union.
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which of these economic goals is most important in a traditional economy?
In a traditional economy, the most important economic goal is often preserving cultural traditions and customs. Traditional economies are based on the beliefs, customs, and practices of a particular culture, and economic decisions are made according to these customs.
For example, in some traditional economies, there may be a strong emphasis on the importance of family and community, and economic decisions are made with these values in mind. In other traditional economies, there may be a focus on maintaining a sustainable relationship with the natural environment, and economic decisions are made to ensure the long-term health of the ecosystem. In traditional economies, economic goals such as efficiency, innovation, and growth are often not as important as preserving cultural traditions and maintaining social harmony. The primary goal is to ensure that economic practices and behaviors align with the values and beliefs of the community and that economic activities support the social and cultural fabric of the society.
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A company wishes to determine the EOQ for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of $7.50 per unit. What is the total holding cost?
a. 200
b. 1500
c. 750
d. 500
The total holding cost is (c): 750.
The total holding cost can be calculated using the formula:
Total Holding Cost = (Carrying Cost per Unit * EOQ) / 2
Where EOQ is the Economic Order Quantity, calculated as:
EOQ = sqrt((2 * annual demand * cost per order) / carrying cost per unit)
Substituting the given values in the formula, we get:
EOQ = sqrt((2 * 2000 * 75) / 7.5) = sqrt(40000) = 200
Plugging this value into the total holding cost formula, we get:
Total Holding Cost = (7.5 * 200) / 2 = 750
Therefore, the total holding cost is approximately 750.
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A computer chip sold to Dell is an example of:
A. a final good.
B. an intermediate good.
C. a service.
D. an inferior good.
An illustration of an intermediate good is a computer chip that was sold to Dell.
What does the word "intermediary goods" mean?Those products that businesses utilize to produce goods or services were referred to as intermediate goods. As producer products, these items are also known. Thus, the production of final or consumer goods requires the utilization of intermediate goods.
What are intermediate products as opposed to final goods?Final goods are products that don't require any more processing. Consumer goods are another name for these goods, which are produced with the aim of being directly consumed by the end user. Intermediary goods are any products that companies use to create completed goods or services.
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All of the following tests are included in the ethical decision-making metric except. Multiple Choice:
-the admired observer test.
-the legality test.
-the moral mentor test.
-the publicity test.
-the transparency test.
The legality test, the morally mentor test, and also the admired observer test are examples of tests that are frequently included in the ethical decision-making metric.
What are the four phases of making ethical decisions?James Rest (1994) created a theoretical concept of ethical decision-making that takes into account four different cognitive factors: moral awareness, moral principle, moral intent, and moral action. This model focuses on the process of comprehending and solving an ethical issue.
What exactly is an ethical decision?The process of assessing and selecting among options in a way that is compatible with ethical values is referred to as ethical decision-making .When making ethical decisions, it's critical to be aware of the possibility of unethical behavior, eliminate it, and select the most ethical course of action.
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What is an open market purchase ?
An open market purchase is a transaction that takes place in a public marketplace, such as a stock exchange. It involves the purchase and sale of securities, such as stocks and bonds, by participants in the open market.
In order to make an open market purchase, an investor needs to have sufficient funds in their brokerage account.
An open market purchase is when the Federal Reserve buys government securities, such as treasury bonds, from banks and other financial institutions in the open market. This is done in order to increase the money supply and stimulate the economy.
By purchasing these securities, the Federal Reserve is essentially injecting money into the economy, which can lead to lower interest rates and increased borrowing and spending. This is one of the key tools used by the Federal Reserve to implement monetary policy and control the money supply.
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what are two of the main skills for a strong product manager?
The two of the main skills for a strong product manager are "product development and project management".
The product manager is the employee in the company who manages the project from ideation into the production. It include the management, strategy and other skills to manage the product or development.
There are other many skills that project manager have like communication, marketing, business, market research, user experience, presentation, leadership throughout the production of the product. The three main areas that product manager must have to focus which is product discovery, product planning, and product development.
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the figure shows the market for buckets of golf balls at the driving range. a new leisure time tax is placed on suppliers in this​ market, shifting the supply curve from s0 to s1. the tax incidence is
When the supply curve is shifted from s0 to s1, its tax incidence is $2 for buyers and $1 for sellers.
By tax incidence, what do you mean?Tax incidence (or incidences of tax) is a phrase used in economics to describe how the tax burden is distributed across diverse participants, including such buyers and sellers, producers and consumers. The relationship between supply and demand price elasticity and tax incidence is also possible. The impact of a certain tax on how economic welfare is distributed is known as income taxation or tax burden in economics. Economists make a distinction between the entities that end up paying the taxes and those who are initially subject to them.
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what is transworld business advisors ?
Transworld Business Advisers focuses on three key ideas: franchise counselling, business brokerage, and franchise development.
The franchisor is Transworld Business Consultants, LLC. A member of United Franchise Group is the franchisor.
Despite the business' success, CEO Andrew Cagnetta saw room for even greater expansion. Ray Titus, CEO of United Franchise Group, and Cagnetta quickly formed a partnership and began franchising Transworld Business Consultants. Services for managing and collecting receivables are offered by Transworld Systems Inc. The Firm focuses on a variety of American industries, including those in commerce, healthcare, education, and finance.
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What is comcast telephone number?
The best way to contact Comcast for assistance with your telephone service is to call 1-800-COMCAST (1-800-266-2278).
What is assistance?Assistance is help or support provided to someone in need. It can come in a variety of forms, such as financial aid, material goods, or moral support.
Assistance can be provided by individuals, organizations, or governments, depending on the need. For example, a person may provide financial assistance to a family in need, while a government may provide assistance in the form of disaster relief.
This is a toll-free number and is available 24 hours a day, 7 days a week. When you call, you'll be asked to provide your account number and street address in order to be connected to the correct customer service representative.
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Cash-and-carry wholesalers refer to the wholesalers who carry a limited line of fast-moving goods and sell to ____
Cash-and-carry wholesalers refer to the wholesalers who carry a limited line of fast-moving goods and sell them to retailers, professional users, and institutional buyers.
Traditional wholesalers are different from cash-and-carry wholesalers in a number of ways. First of all, they only stock a small selection of goods, most of which are in great demand and move quickly, such as groceries, snacks, and drinks. Second, they don't provide credit or payment terms; instead, they demand that clients pay with cash or credit at the time of purchase. Finally, since they don't offer delivery services, clients are required to convey the goods themselves.
In the supply chain, cash-and-carry wholesalers are crucial, especially for small enterprises and independent merchants that might lack the purchasing power to deal with larger wholesalers. Cash-and-carry wholesalers assist these firms to compete with larger retailers and maintain their competitiveness in their marketplaces by providing low prices and a simple shopping experience.
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