Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.

Answers

Answer 1

Answer: See explanation

Explanation:

Here is the complete question:

Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.

a. What is the economic ordering quantity?

b. How many orders will be placed during the year?

c. What will the average inventory be?

a. Annual Demand = 9800 pipes

Cost per order = $6

Carrying cost per unit = $1.5

EOQ = ✓[(2 x Annual demand x cost per order)/carrying cost per order]

= ✓2 × 9800 × 6/1.5

= ✓78400

= 280 units

b. Number of orders orders placed would be:

= 9800/280

= 25 orders

c. Average inventory would be calculated as:

= 280/2

= 140 units


Related Questions

what do you mean by raw materials?why are they important to operator business? Explain briefly​

Answers

Answer:

Raw materials are materials or substances used in the primary production or manufacturing of goods.

Explination:Raw materials are commodities that are bought and sold on commodities exchange worldwide.

I hope this will help you/helpful for you.

An industry comprised of a very large number of sellers producing a standardized product is known as:

Answers

Answer:

The appropriate response is "Pure competition".

Explanation:

Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment. Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.

During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?

Answers

Answer:

Std rate per hour: 11.00    

Std hours = 1000*2 =2000    

Actual hours = 1850      

Actual rate = 11.80

   

Labor cost variance = Std cost - Actual cost    

Labor cost variance  = (2000*11) - (1850*11.80)

Labor cost variance = 170 Unfavorable

Labor rate variance = Actual hrs (Std rate - Actual rate)  

Labor rate variance = 1850 *(11-11.80)

Labor rate variance = 1480 Unfavorable

Labor qty variance = Std rate (Std hrs-Actual hrs)  

Labor qty variance = 11 (2000-1850)

Labor qty variance = 1650 Favorable.

________ means the receiver of the message has become mentally engaged in some way with the ad and the product.

Answers

Answer:

Interest

Explanation:

I majored in Business

Which of the following is the best example of clear and concise writing for a résumé?
a.
explored every avenue
b.
last but not least
c.
at this point in time
d.
finally


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer: D. finally

Explanation:

Answer: D. Finally

Explanation: I just did it on edge. Hope this helps!

Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan. 1. He will fill out the FAFSA form and send it in immediately. 2. He will ask his parents if they have a college savings account. 3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships. 4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships. 5. Upon graduation, he will start saving money for college. Which statements identify errors in Jaiden’s plan? Check all that apply. He should wait until his last year in high school to fill out the FAFSA. He should start saving right away. It is never too early to start a savings account. He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break. He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them. While in high school, he should quit all extracurricular activities so he can work more hours and save money. He should ask all his friends and neighbors to contribute to his college fund so it will grow faster.

Answers

Answer:

-He should wait until his last year in high school to fill out the FAFSA.

-He should start saving right away. It is never too early to start a savings account.

-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.

-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.

Explanation:

Answer:

1

4

5

I did the test and pretty sure i got it correct

Which is an example of capital gains tax?


10% tax on gambling winnings

9% tax on all sales

15% tax on profits from stock sales

30¢ tax per gallon of gasoline

Answers

D Is the correct answer

Answer:

D- 30¢ tax per gallon of gasoline

Mary works for a small computer software company. Her boss is constantly improving the company's products but neglects customers, billing, and promoting the company. Her boss is probably stuck in the

Answers

Answer:

A) production-oriented

Explanation:

Since in the question it is mentioned that Marry who works for a small computer software based company. Her boss is improving the products of the company in a constant way but at the same time he avoided the customers, billing and the company promotion

So here the boss is stuck in the production oriented as he full focused on improving the products so that he could produce the high quality products by applying the innovation

Therefore the correct option is A.

HELP MEEE PLSSSSSS HELPPPPPPPPPPPPP

Answers

Answer:

Uhhhhhh it's 12

Explanation:

Yea it's 12

What are two ways the government can stimulate growth in a declining economy?

Answers

The government uses what’s known as fiscal policy, which could include lowering tax rates or increasing government spending to stimulate growth.

A house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. What is the amount of long-lived depreciation attributable to the building

Answers

Answer:

$ 46,000

Explanation:

hope it helps!

.....

If a house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. The amount of long-lived depreciation attributable to the building is $46,000

First step is to determine the total economic life

Economic life=12 years+38 years

Economic life = 50 years

Second step is to calculate depreciation percentage

Depreciation percentage=12/(50) ×100

Depreciation percentage= 24%

Third step is to calculate the cost of long lived items

Using this formula

Cost of items=Total cost-Deferred maintenance -Short lived items

Cost of items=$212,340 - $670 - $20,000

Cost of items= $191,670

Now let determine the amount of long-lived depreciation attributable to the building

Using this formula

Long-lived depreciation attributable to building= Cost of the long-lived items× Depreciation percentage

Let plug in the formula

Long-lived depreciation attributable to building=$191,760×24%

Long-lived depreciation attributable to building= $46,000

Inconclusion if a house has a total cost new of $212,340. It is 12 years old and has an estimated remaining economic life of 38 years. The cost to cure deferred maintenance items is $670. Short lived items Cost is $20,000 and depreciation on the short lived items has been identified totaling $4,850. The amount of long-lived depreciation attributable to the building is $46,000

Learn more here:https://brainly.com/question/16043302

1. Antitrust laws are designed to

Answers

Answer:

Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies

Explanation:

may i have brainliest please and thank you

What is a company doing if it requires customers to buy multiple products from that company to obtain the one product that the customer truly wants?

practicing predatory pricing

engaging in nonprice competition

working around antitrust laws to gain control over the market

using deregulation

Answers

Answer:

The company is trying to work around antitrust laws in order to be at the top of the market.lanation:

Answer:

engaging in nonprice competition

Explanation:

if im wrong comment

Total expenditures for coffee reached a maximum at a price of $5 per lb. At this price the demand for coffee is

Answers

Answer:

" Unitary elastic" would be the correct approach.

Explanation:

Whenever the overall spending would be at the optimal energy, the production is component elastic, since the amount spent was hardly starting to fall as well as neither increasing.  And therefore it is wonderfully sensitive to changement in price, and that's why the government spending is optimum as well as the quantity supplied would be unit elastic.  

Total expenditure then becomes the upper limit for unit quantity demanded besides coffee.

For each employee, you are required to pay 1.45% federal Medicare tax and 6.2% federal Social Security tax. If an
employee makes $25,000 per year, how much must you pay in these two taxes?

Answers

Answer:

A) $1,912.50

Explanation:

Both the federal Medicare tax and federal social security taxes are calculated based gross pay.

The medicare tax will be

=1.45% of $25,000

= 1.45/100 x $25,000

=0.0145 x $25,000

=$362.5

Social security tax will be

=6.2/100 x $25,000

=0.062  x $25,000

=$1,550.00

Total taxes = $1550.00 + $362.50

=$1,912.50

SEND HELP 90 POINTS AND A CROWN

A(n) _____ is a consumer report that employers use to screen potential employees and check their credit, history, and legal status.
a.
background check
b.
computerized pre-employment test
c.
gatekeeper
d.
screening interview


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

a. background check

Explanation:

thats what they do when they're looking into your history

Answer:

Background check

Explanation:

This is a background check because a background check is used to check someone's credit, history, legal status, and criminal records.

What are three factors that affect the cost of homeowner’s insurance?

Answers

Answer:

Concept: Real world Analysis

The place where you live/location: Insurance in California, especially los angeles is far more expensive than say Kansas.The price and cost of reconstruction: The selling price and the assessed asset value play a huge factor in how much you pay because that's how much your "insured" for.The amount of the coverage: Say you want part A, Part B, and Part C and you want to maximize the coverage then your cost skyrockets up because the dwelling coverage could go up to 500,000 but then you would have to pay an extra 100 bucks a month.Rate brainlist

when you patroniz ea restaurant, you expect the restaurant to serve safe, edible food, and the restaurant expects you to pay for the food that you order. This is an example of which type of contract?

Answers

Answer:

Implied and bilateral (implied contract since the terms and conditions are assumes to by the nature for the agreement. It is bilateral in that the promise of safe and edible food is given in exchange for payment)

Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?

Answers

It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business

~It has created employment

~It has reduced rural-urban migration since some businesses have been set up in Rural areas.

~Saving imports since goods can be locally produced reducing the cost of importing them

~It has raised people's standard of living since one can acquire goods he/she can't produce

~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs

The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft

Which person has the lowest taxable income
Person A:earns 50,000 per year with 5,000 deductions
Person B: earns 60,000 per year with 10,000 deductions
Person C : earns 90,000 per year with 30,000 deductions
Person D : earns 100,000 per year with 60,000 deductions

Answers

Person D. pls mark brainliest

Taxable income refers to the amount of income remaining as a tax base for a period of time after all allowable deductions have been spent on total revenue. Person D has the lowest taxable income here.

What is Taxable Income?

Income that is subject to taxation and is reflected in the accumulation of a particular benefit or benefit to the taxpayer in particular.

The income on which the Government imposes a tax is called as taxable income.

Here, Person D income is 100,000 and deductions are 60,000. so now, to calculate the taxable income, we have to deduct 60,000 from 100,000 that is 40,000 will be his taxable income.

Thus, Person D has the lowest taxable income.

To learn more about taxable income, refer:

https://brainly.com/question/26316390

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Robert works part-time for JJ Financial Planning, where he develops financial plans for clients. He asks clients a series of questions about their current finances and investment objectives, and uses their answers to create customized financial plans. These plans often include recommendations that they purchase insurance or variable annuities, opening IRAs or other types of retirement accounts. Robert charges a fee for the plans, but he does not earn commissions for selling clients variable annuities and insurance to implement their plans. Is Robert an investment adviser representative

Answers

Answer: Yes. Robert is is an investment adviser representative

Explanation:

Based on the scenario given in the question, we can deduce that Robert is an investment adviser representative. An Investment Adviser Representative is someone who is an employee for an investment advisory company and the person provides advice that are related to investments activities for the company.

In this case, Robert is performing the duties of an investment adviser representative for JJ financial planning.

30 POINTS!! SEND HELP ASAP IM BEING TIMED
Which of the following statements is false?
a. Having a first aid kit in an office is necessary
b. Accidents happen, so it is not necessary to prepare for them
c. Your company does need an emergency action plan
d.OSHA inspects workplaces to look for unsafe conditions


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

The answer is obviously B

Answer:

l think the answer is B ..............it's false

ANSWER PLS
3. Would you rather fund your company using mostily debt funding, or mostly equity
funding? Why? (1-5 sentences. 3.0 points)

Answers

Answer:

see below

Explanation:

Equity financing involves selling shares to investors. The entrepreneurs surrender part ownership to third parties. It means profits have to be shared, and there have to consultations in every major decision.

Debt financing involves borrowing from lenders. It has a big advantage in that the entrepreneur maintains full control of the business. They do not have to share profits with other people or risk being kicked out of the business. However, debts have to be paid. The monthly repayment for several years can have hamper progress. It reduces profits, making a business seem less valuable.

A business should balance between equity and debt financing. As much as possible, equity financing should have a bigger proposition of capital to be profitable and increase in worth.

Goodnight y’all ! I just wanted to tell y’all that

Answers

Answer:

Good night

Explanation:

Have a sweet drem

Its 5 am where i live. i am not okay

In some ways, a debit card is more vulnerable to theft than cash or a checkbook. Explain how this is so. << Read Less

Answers

A debit card is more vulnerable because its contained value are sometimes high.

A debit card is a card issue to a bank account owner to enable easy access to money.

This card works by deducting money directly from the owners checking account with a bank.

A debit card can also be termed a money because its contains value and can be used pay for transaction at any point of sales.

The debit card are more vulnerable because the value therein may be large, so, fraudsters target stealing the card rather than stealing cash or checkbook.

Learn more about Debit Card here

brainly.com/question/1169716

What are the dangers associated with having a high national debt?

Answers

Answer :

In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The four main consequences are: Lower national savings and income. Higher interest payments, leading to large tax hikes and spending cuts.

Answer:

Explanation:

Lower income and economic opportunities for the people. Might lose investors and business opportunities.

Look at the following chart. Producer A · Can produce 200 apples and 100 oranges in one day - Can produce 400 apples and o oranges in one day

Answers

Answer:

D

Explanation:

Based on the following information, the opportunity cost of producer A is to choose to grow both varieties of fruits or apples only. Thus the correct option is D.

What does the opportunity cost?

A situation of abundance, where an individual has a variety of options available and chooses one option over another by evaluating their importance is referred to as opportunity cost.

In the given case, it is explained that Producer A's opportunity cost needs to determine between two choices. It states in the chart that producer A produces 200 apples and 100 oranges in a day. It also states that he can produce 400 apples and  0 oranges in one day.

Opportunity costs can be seen in every situation where a person is required to decide between something and giving up something else. In accordance with this theory, economic agents choose options that maximize benefits.

Therefore, option D is appropriate.

Learn more about opportunity cost, here:

brainly.com/question/12121515

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Suppose your state collects a sales tax, but a bordering state does not. A number of people cross the border each day in order to shop without paying sales tax. What must state officials consider when thinking about how to react to this situation?

Answers

Answer:

Explanation:

There are many factors that state officials should consider with regards to this situation such as what items are being bought, travel costs the individual is incurring, but most importantly how much are these purchases stimulating the state's economy. If many people are doing this, it means that a lot of money is being spent within the state which ultimately stimulates the economy as more shop owners are making sales and in term have more money to spend.

12 POINTS SENd HELP IM BEING TIMED

Explain how can you avoid conflict by adjusting your own behavior?

Answers

Conflict as in argument well for that first u should stay calm cuz when u angry u can’t make gud decisions second u have to think calmly everything and if u r wrong u have to accept it

Answer:

You can avoid conflict by adjusting your own behavior because if you are calm and don't get irritated with someone it implies that you are not trying to argue or cause a fight.

Explanation:

edge 2020 correct

Suppose that if your income is $100,000, your tax is $20,000, but if your income is $200,000, your tax is $45,000. Such a tax is

Answers

Answer:

"Progressive" would be the correct answer.

Explanation:

A Progressive tax was indeed determined by the capability of the tax authorities to charge or compensate. It wants to inflict a lower corporate rate of taxation on low-wage earners unlike those with maximum income levels. This would be generally accomplished by establishing taxation levels for the group of tax-paying citizens based on income frequencies.

That is why the aforementioned seems to be the correct approach.

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