The coverage of the public sector relates to:
The contribution of the public sector in the economy's GDP. The appropriate response is Option B.Through the expansion of infrastructure, it encourages quick economic growth. It generates job opportunities. It produces money for more expansion. It guarantees income and wealth equality, promoting balanced regional growth.
Personal consumption, corporate investment, government spending, and net exports are the four main components of the gross domestic product. 1 That reveals what a nation excels at generating. The nation's annual total economic production is measured by its GDP.
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One of your classmates would like to open a food delivery service in town. This service would allow people to buy lunch or dinner through an app from a list of restaurants. She’s in the early stages of her analysis and she is asking your advice on possible sources of data that she can use. What kind of resources would you direct her to? Why?
Based on the fact that a classmate wants to open a food delivery service in town that would enable customers to make use of an app to make orders for lunch or dinner, the resource I would direct her to is the result of an online survey.
The reason for this is to give her insight on the needs of her potential customers and adjust accordingly.
What is a Survey?This refers to the quantitative analysis that is sent to a group of persons in order to get input from them on different issues or topics that would help them analyze and make decisions.
Hence, we can see that in order to make an accurate analysis of the food delivery system which is in the early stages, the best advice to give to her is to ask her to check the result of an online survey about a related food delivery system.
What this does is give her insight on the needs of her potential customers and adjust accordingly.
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Trade Restriction – Find an example of a current tariff or quota that the U.S. imposed on another country OR find an example of a current tariff or quota that was imposed on the U.S. Tell why the trade restriction was imposed? Example must be within the last 3 years. Note the source.
A trade restriction imposed by the U.S. is the ban of the export of advanced chip technology to China as a form of sanction.
What are trade restrictions?Trade restrictions are various measures put in place by the government of a country to limit the amount of goods that are either exported or imported into a country.
Trade restrictions are implemented for various reasons. Some of which include:
to encourage domestic production to prevent the import of harmful goods and services to sanction a country.A quota is a form of trade restriction where the government limits the quantity of the good that can be imported. A tariff is a form of tax imposed on imported goods. Quotas and tariffs discourage import or export of goods.
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Inflation that is sudden or unexpected tends to hurt which of these groups of people
most?
A.people who have loaned money to others
B.people who have a steady job
C.people who have borrowed money
D.people who have investments in the stock market
Answer:
your mom
Explanation:
you mom mom o omlmlm
btw D
Writing and face-to-face conversations are two of the most common what of communication? Question 13 options: contexts codes codes modes
Writing and face-to-face conversations are two of the most common styles of communication
This is further explained below.
What is communication?Generally, People who have a communication style that is more direct seek information that is unambiguous and can be put into action without any fluff.
They want everyone else to get straight to the point as fast as they can, and they want to do the same themselves.
People that communicate with others in this manner are often thought of as being forceful or assertive in the way that they interact with other people.
Direct communicators accept the words of the other speaker at face value; they do not examine the message to see whether or not there is an underlying meaning.
They anticipate and accept honesty and frankness from others, and they place a high value on succinct replies that get to the point quickly.
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3. The game includes some ethical decisions that people living in poverty may have to
make. What is one ethical decision that you encountered in the game? How did you
handle this decision? What are the possible pros and cons of your decision?
Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principl
What are ethical decisions?The process of assessing and selecting among options in a way that is consistent with ethical values is referred to as ethical decision-making. It's important to recognize unethical possibilities, remove them, and choose the most ethical alternative while making ethical judgments.
People will want to buy from you or use your services if they believe you are a good and ethical person. Be honest and fair with those you interact with and that is the reputation you will build for yourself. It can bring you business – when you to create ethical decisions you consider the feelings and requirements of others.
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Now let’s look at the other two forms you collected for the Resource Collection (RC V) (accident report form and emergency form). Where are these forms stored and how is this information shared with colleagues and families?
Open a new Word document, mark the assignment properly as RC V on the left, and then attach the resource form. Write Record Keeping Forms in bold type, centered on the page, on the following line. Make sure to "back-up" all of your resources on your computer's hard disk, a USB drive, or another safe location.
What are record keeping forms?In order to produce copies of the written record for both clients and enterprises, recordkeeping forms are frequently back with self-duplicating paper and preprinted with fields for specific purposes. Payment can be tracked and verified using guest checks and receipt books. Orders for purchases (POs) can be made for both products and services. You can bill a client for services rendered using invoice forms. Bills of Lading (B/L or BoL) can be used in shipping and receiving applications to document the handling and transfer of cargo. To record interactions and activities in business organizations, message pads, HR and payroll forms, and petty cash forms can be employed.
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Which change is illustrated by the shift taking place on this graph?
A - an increase in supply
B - a decrease in supply
C - an increase in demand
D - a decrease in demand
Answer:
c
Explanation:
One type of voluntary payroll deduction is for:
A. FICA
B. a health savings account
C. Federal withholding
D. State withholding
Answer: a health saving account
Explanation:
Answer: B. a health savings account.
Explanation: Voluntary payroll deductions are amounts of money that employees choose to have deducted from their paychecks for specific purposes. One type of voluntary payroll deduction is for a health savings account (HSA) which is a type of savings account that allows individuals to save money on a pre-tax basis to pay for qualified medical expenses including doctor copays and medication. The money deposited into an HSA is not subject to federal income taxes, social security taxes, or Medicare taxes. This allows employees to save money on healthcare expenses while also reducing their taxable income.
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Gatorade countered its Target Audience’s (TA’s) negative experience by offsetting product weaknesses with which Product/Market Opportunity Matrix strategy Question 28 options: Product Development Diversification Distribution Market Penetration Promotion
Gatorade countered its Target Audience’s (TA’s) negative experience by offsetting product weaknesses with product development.
A target audience is the intended audience or also known as the readership of a advertisement, publication,or other message catered specifically to said intended audience. A target audience is a share of consumers which business directs is trying to reach by their advertising efforts.
By offsetting the product weaknesses with the product development, Gatorade countered its Target Audience’s (TA’s). Product development is considered as a series of steps which thus includes the design, conceptualization, development and marketing of newly created or newly rebranded goods or services.
Hence, option A is correct.
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Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is considered part of the manufacturing section, because it produces the physical product: books, magazines, newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until printing transforms it into one)?
secondary, because it transforms ideas into physical objects
primary, because it makes original content
quaternary, because it involves research
tertiary, because it provides a service
Answer: quaternary, because it involves research!
a food worker takes a short break.
what must he do before returning to food preperation
Answer: He must wash his hands before returning to preparing food
Explanation: It is important to wash your hands before and after handling food. I hope this helped! :)
Jonathan received dividend income totaling $3500 this year of this total $600 or qualified dividends $700 were dividends from foreign companies. Jonathan reinvest all his dividends except the dividends from foreign companies. Which of the following statement is correct
Based on dividends that Jonathan received from qualified dividends and from foreign companies, the correct statement is that c)Jonathan will pay capital gains tax rates on $600; the remaining $2,900 will be taxed as ordinary income.
How are dividends taxed?According to American tax law, when a person makes qualified dividends like Jonathan did in the form of $600, the dividends would be subject to taxes for net capital gains so Jonathan would have to pay capital gains tax on these.
The rest of the dividends which are $2,900 are then treated as normal income. These will then be taxed at Jonathan's normal federal tax bracket.
Options for this question include:
a. Only $700 will be taxable since the remaining dividends are reinvested.
b)Dividends from foreign companies can never be qualified dividends.
c)Jonathan will pay capital gains tax rates on $600; the remaining $2,900 will be taxed as ordinary income.
d)All dividends are taxable as ordinary income
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Which of the following statements is TRUE of project teams?
Multiple Choice
Their membership is mostly based on organizational position and hierarchy.
They are permanent.
They only deal with specific quality, productivity, or service problems.
Their membership is likely to be composed of people from different functional areas.
The statement that is TRUE of the project team is "Their membership is likely to be composed of people from different functional areas". Option D
This is further explained below.
What are project teams?Generally, The project team is the collection of individuals who are accountable for carrying out the activities and generating the deliverables that are outlined in the project plan and schedule in accordance with the directives provided by the project manager.
This is the case regardless of the level of effort or participation that has been defined for them.
In conclusion, The statement that "Their membership is likely to be formed of persons from diverse functional areas" pertains to the project team, and it is accurate to say that the team has members from a variety of functional areas. The D Option
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I need help!!! offering brain list
The written agreement that can legally establish Danna's new roles and responsibilities would be a contract (option D).
What is a contract?A contract is a term that refers to a legal document that establishes the terms and conditions of an employment relationship between a company and an employee. A contract mentions the roles and responsibilities that the employee will have, their rights, their salary, their hours, among other relevant information. For a contract to be valid, both parties must sign it to accept what is established there.
What written agreement establishes Danna's new roles and responsibilities?The ideal document to establish Danna's new roles and responsibilities would be a contract. Generally, when companies promote their employees to a new position, they must make a new contract because many terms and conditions of their work change. In this case, Danna is going to have more responsibilities and roles within the company, so the most appropriate thing would be to make her a new contract specifying all the information about her new position. According to the above, the correct answer is D. Contract.
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Keesha needs to read a biography of a social reformer from the 1800s for her social studies class. She wants to buy the book to add to her personal library. Keesha has found the book online and at a local bookstore owned by two Black women. She decides that she would rather support the local bookstore than buy the book online.
Which step in the decision-making process does the scenario illustrate?
step 1
step 2
step 3
step 4
Keesha has found the book online and at a local bookstore owned by two Black women step 3 in the decision-making process does the scenario illustrate. Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process.
By organizing relevant data and defining options, you may make more thoughtful illustrate, knowledgeable selections. following a step-by-step decision-making process. selecting clothing. selecting a lunchtime meal. selecting a book to read. Making decisions is crucial since it allows you to select from a variety of possibilities. It is important to gather all relevant information and consider the advantages and disadvantages of it before making a decision.
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6. According to the efficient market hypothesis
b)
c)
d)
Stock prices reflect all available information
Today's stock price incorporates the past history of prices
Today's stock price is the best predictor of tomorrow's stock price
All of the above
According to the efficient market hypothesis, today's stock price incorporates past history and is the best predictor
The stock price is the cost to purchase a corporation's stock share. Both an asset's inherent value and market expectations have an impact on a stock's market value. Typically, investors utilize technical and fundamental research to make short-term predictions about stock values. The effective market hypothesis states that shares are traded at fair value, prohibiting investors from selecting a cheap stock now to receive a future premium.
The stock price reflects the known information, which will be correlated with the future price. Thus, it would be able to forecast the effective future price of the stock. The stock price estimation will take into account all available information under the strong form of the efficient market hypothesis. The information available in the past would also be useful in predicting past and present stock prices.
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If you were marketing a new running shoe, what sort of mobile applications might enhance your marketing efforts?
If I am marketing a new running shoe, the sort of mobile applications that might enhance my marketing efforts is Dash and Mopinion.
What is the importance of mobile applications in marketing operation?The importance of mobile applications in marketing operation is that it help to promote the brand of the company as well as help in the promotion of the company product to the potential customers which can help to increase the number of the customers that were patronizing the company and in the long run , the profit that the company were making initially will increase.
For instance one of the mobile application that can help in the marketing operation of a company is referred as Dash , and this help the company to be able to organize and use brand's visual content and this will help the company to known , and as a result of this the promotion job will be possible.
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Question: The Coca-Cola Company markets the coke brand and manufactures concentrate for sale to regional bottlers. Coke bottlers mix concentrate with sweetener and water to produce the soft drink for supermarkets, restaurants, and other retail outlets. Possible sweeteners include corn syrup and sugar. Owing to federal restrictions against imports, sugar is relatively more expensive in the U.S. than the rest of the world.
Why do U.S. soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world?
Explain how the following changes would affect a Coke bottler’s demand curve for corn syrup: (i) removal of the federal restrictions against sugar imports; (ii) fall in the price of corn syrup; and (iii) increase in the sales of Pepsi.
How would an increase in Pepsi advertising affect the demand for Coke?
any answers
From the information given, it is correct to imply or infer that U.S. soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world for two reasons. They are given below.
Why do U.S. soft drink bottlers use relatively more corn syrup than elsewhere in the world?It is correct to infer that the reasons why U.S. soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world are:
There is an import restriction on sugar which makes it more expensive in the US than in the rest of the world;Corn Syrup is relatively cheap in the US thus giving the US a lot of cost advantage in corn syrup.The explanation of how the removal of federal restriction against sugar necessary will affect Coke's bottler's demand curve for corn syrup will depend on how the price and quality of sugar compared to that of High-Quality Corn Syrup.
If both of them are considered perfect substitutes in terms of cost and quality, then the removal of Federal Restrictions against Sugar imports will lower the cost of sugar, hence contracting the Aggregate demand curve for Corn Syrup hence causing its curve to shift leftward. This will create a new equilibrium in the demand, the supply curve of corn syrup.
If the price of corn syrup falls in relation to sugar, while the price and quantity of sugar supply remain constant, then the demand for corn syrup will move from left to right on the new demand-supply curve.
If an increase in sales of Pepsi occurs, this means that there is a surge in the demand for the end product, this will create put pressure on the corn syrup required for production hence, increasing its demand. Hence, Aggregate demand will shift to the right.
It is to be noted that an increase in Pepsi Advertisements will cause the demand for coke to fall. Advertisements have a way of influencing demand. This is because both Coke and Pepsi are substitutes.
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Lott Co. had one unit in beginning inventory that cost $6.00. Lott paid cash to purchase two additional inventory items. The first item was purchased at a cost $8.00, and the second at a cost of $10.00. Lott Co. sold two inventory items for $12.00 each, receiving cash. Based on this information alone, indicate whether each of the following items is true or false.
Cost of goods sold would be $16 assuming the weighted average cost flow was used.
Answer:
true
Explanation:
weighted average cost flow is where the total cost of every item bought is divided by the total number of items bought
so in this case, you bought total of 2 items, and total cost was $16.
we don't need to divide 16 by 2 because we sold both items in this scenario question. if we did, then we would have to multiply 8 by 2 because we sold 2 items
therefore, the cost of goods sold would be $16 since you sold both items so the answer is true
They are required to submit detailed reports to government agencies and shareholders
a. Public limited company
b. Private limited company
c. partnership
public limited company
A company that produces much more revenue and yet still seems to just have difficulty keeping its doors wide open is undoubtedly experiencing a loss. The total cost, which is the total of the fixed cost and the variable cost, is subtracted from the revenue to determine the profit. Though the cost is also high, even if the income is large, the profit will still be poor.
It is a true statement that the total cost which is the total of the fixed cost and the variable cost is subtracted from the revenue to determine the profit and it can massively impact profit level.
What is known as a total cost?In economics, a total cost refers to the sum of all costs incurred by a firm in producing a certain level of output. This cost is typically expressed as the combination of all fixed costs (for instance; the costs of a building lease and heavy machinery that does not change with the quantity of output produced and all variable costs (for instance; the costs of labor and of raw materials which changes with the level of output.
When a fixed costs are not altered, it is likely that the rate of increase of variable costs with increasing output will be progressively greater in the long run, owing to diminishing returns on additional units of output. Therefore, in the long run, the progressively fewer units of output will be yielded by additional inputs of variable costs.
Full question "The total cost, which is the total of the fixed cost and the variable cost, is subtracted from the revenue to determine the profit. Though the cost is also high, even if the income is large, the profit will still be poor. True/False"
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King Costume uses a periodic inventory system. The company started the month with 10 masks in its beginning inventory that cost $11 each. During the month, King Costume purchased 59 additional masks for $13 each. At the end of the month, King counted its inventory and found that 7 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is:
Using the LIFO method, King Costume's cost of goods sold for the month is $800.
What is the LIFO method?The Last-in, First-out (LIFO) method is an inventory costing assumption that bases the physical flow of goods sold from the latest production or purchases instead of the first in the store.
The cost of goods sold is the difference between the cost of goods available for sale and the ending inventory for the period.
Description Units Unit Cost Total Cost
Beginning Inventory 10 $11 $110
Purchases 59 $13 $767
Total 69 $877
Ending inventory 7
Units sold 62 (69 - 7)
Ending inventory = $77 (7 x $11)
Cost of goods sold = Cost of goods available for sale - Ending Inventory
= $800 ($877 - $77)
Thus, the ending inventory represents 7 units from the beginning inventory, while the cost of goods sold units are 3 units from the beginning inventory and 59 from the recent purchases, valued at $800.
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*100 Points*
Airbus, the European aircraft manufacturer, has strengthened its lead over Boeing for leadership in the global civil aerospace industry by winning more aircraft orders. What is Airbus’s nationality, and what is the most daring venture it is currently undertaking? What is Boeing’s response to Airbus’s global venture?
Answer:
Airbus - Leiden, Netherlands
Ventures - Investing in innovative aerospace start-ups
Explanation:
Although Airbus's head office is in Toulouse, France, its registered headquarters are in Leiden, Netherlands. Currently, Airbus is investing in innovative aerospace start-ups.
What is Airbus?Airbus SE is a multinational aerospace firm based in Europe. Airbus builds aircraft in Europe and several other nations in addition to designing, producing, and marketing civil and military aerospace products globally.
The corporation is divided into three divisions: Commercial Aircraft (Airbus S.A.S.), Defense and Space, and Helicopters. The third segment, measured by revenues and turbine helicopter deliveries, is the largest in its sector. Airbus is the largest airplane maker in the world as of 2019.
The registered headquarters of Airbus is in Leiden, Netherlands, although the actual headquarters are in Toulouse, France. Its corporate name has the letters "SE" to indicate that it is a Societas Europaea, allowing it to be registered as an international organization rather than a national one.
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Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on the form 1098-fig generally compute the amount of tax on their income using:
Most of the Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on the form 1098-generally compute the amount of tax on their income by using the Form 1040-ES.
What Is an Income Tax in business?Basically, an income tax means a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. As a statutory requirement, all taxpayers must file an income tax return annually to determine their tax obligations.
These Income taxes serves as an important source of revenue for governments because they are used to fund public services, pay government obligations and provide goods for citizens.
By using the Form 1040-ES, a taxpayer will be able to figure and pay their estimated tax. Their estimated tax means a method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony etc).
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The graph represents the market for soft drinks. Suppose that one of the industry's major suppliers of soft drinks has decided to exit the market to focus on its snack foods. At the same time, the average price of soft drinks has increased and the total amount of soft drink sales has increased. Manipulate the graph to demonstrate these changes in the market for soft drinks.
Given the recent occurrences explained in the case above, with a significant supplier leaving the market this will trigger a leftward shift in the Aggregate Supply Curve. See further explanation below.
What will the graph of the above scenario look like?When analyzing the market in relation to Demand and Supply, it is pertinent to keep the laws of Demand and Supply in view.
When there is a major change triggered by a lack of raw materials, the exit of a major supplier, a change in technology, etc, on the supply side, this will create a curve that reduces the aggregate supply available while increasing the price. Take note of the equilibrium price and quantity movements from p to p1 and from q to q1.
It is to be noted as well that the recent changes are also reflective of a rightward shift in the demand curve to reflect a sustained increase in the demand for soft drinks.
Consumer spending, investment expenditure, government expenditure, and the gap between exports and imports all contribute to aggregate demand. Whenever one of these aggregate demand variables changes, aggregate demand shifts.
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Poverty is often described as lacking the financial
resources-money and ability to earn money-to meet a minimum
in a society
When an individual or community lacks the means of subsistence, they are said to be in a state or situation of poverty. Families and individuals living in poverty may lack access to adequate housing, clean water, wholesome food, and medical care.
Both an individual issue and a larger communal issue, poverty is both. Lack of resources necessary for basic survival or to achieve a specific minimal level of living standards is a social condition known as poverty. One of the main factors contributing to poverty in the Pacific is the region's high unemployment rates.
In the Pacific, poverty is an unavoidable natural phenomena that is brought on by a variety of circumstances, including as unemployment, gender inequity, climate change, and health problems.
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Liam invests $2000 every year for 40 years at 10% interest, which is reinvested as it is earned. After 40 years,
what is the approximate value of Liam's investment?
Answer:
$90,518. 51
Explanation:
We find out the value using compound interest formula:
[tex]Amount= initial \: amount(1 + \frac{\%interest}{100} )^{number \: of \: years} [/tex]
[tex]2000(1 + \frac{10}{100})^{40} = 90518.51114[/tex]
eliminating the queue of work dramatically quickes the time it takes a part to flow through the system. What are the disadvantages of removing those queues? How do you think the machine operators would react to the change? What would you do to ensure that the operators were kept busy?
Eliminating the queue reduces product inventory and limits machine capacity to increase productivity if demand increases. Additionally, removing one machine from the process effectively eliminates equipment redundancy and in the event of equipment malfunction of sole remaining machine will result in the interruption of the manufacturing process.
The machine operators would experience anxiety, concern and frustration with the change in processes and job responsibilities.
What would you do to ensure that the operators were kept busy?To ensure that the operators were kept busy, one would cross-train employees so they learn how to multi-task. Employees will need training on the new procedures and latest instruments to fulfil their duties. Exposing the employees to seminars, industrial trainings, workshops, conferences and the like certainly will help in keeping them busy.
Therefore, the correct answer is as given above.
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Sweet Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: Activity Budgeted Activity Cost Production "496,800" Setup 266,400 Inspection 96,800 Shipping 171,600 Customer service 78,400 Total $1,110,000 The activity bases identified for each activity are as follows: Activity Activity Base Production Machine hours Setup Number of setups Inspection Number of inspections Shipping Number of customer orders Customer service Number of customer service requests The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows: Machine Hours Number of Setups Number of Inspections Number of Customer Orders Customer Service Requests Units White sugar 3,170 150 220 880 70 7,925 Brown sugar 2,020 230 330 2,420 440 5,050 Powdered sugar 2,010 220 550 1,100 190 5,025 Total 7,200 600 1,100 4,400 700 18,000 Each product requires 0.9 machine hour per unit. Required: If required, round all per unit amounts to the nearest cent. 1. Determine the activity rate for each activity. Production $fill in the blank 1 per machine hour Setup $fill in the blank 2 per setup Inspection $fill in the blank 3 per move Shipping $fill in the blank 4 per cust. ord. Customer service $fill in the blank 5 per customer service request 2. Determine the total and per-unit activity cost for all three products. Total Activity Cost Activity Cost Per Unit White sugar $fill in the blank 6 $fill in the blank 7 Brown sugar fill in the blank 8 fill in the blank 9 Powdered sugar fill in the blank 10 fill in the blank 11 3. Why aren’t the activity unit costs equal across all three products since they require the same machine tim
1. The determination of the activity rate for each activity is as follows:
Activity Activity Rates
Production $69 per machine hour
Setup $444 per setup
Inspection $88 per move
Shipping $39 per customer order
Customer service $112 per customer service request
2. The determination of the total and per-unit activity cost for all three products is as follows:
Total and Per-Unit Activity Cost:
Total Activity Cost Activity Cost Per Unit
White sugar $346,490 $43.72
Brown sugar $414,200 $82.02
Powdered sugar $348,950 $69.44
3. The activity unit costs are not equal across all three products, despite each requiring the same machine time, because machine time is not the only activity base.
Activity Budgeted Activity Base
Activity Cost
Production $496,800 Machine hours
Setup 266,400 Number of setups
Inspection 96,800 Number of inspections
Shipping 171,600 Number of customer orders
Customer service 78,400 Number of customers
Total $1,110,000 service requests
White Brown Powdered Total
Machine Hours 3,170 2,020 2,010 7,200
Number of Setups 150 230 220 600
Number of Inspections 220 330 550 1,100
Number of Customer Orders 880 2,420 1,100 4,400
Customer Service Requests 70 440 190 700
Units 7,925 5,050 5,025 18,000
Each product requires 0.9 machine hours per unit
Determination of Activity Rates (Total Activity Cost/Activity Usage)Activity Activity Rates
Production $69 ($496,800/7,200)
Setup $444 ($266,400/600)
Inspection $88 ($96,800/1,100)
Shipping $39 ($171,600/4,400)
Customer service $112 ($78,400/700)
White Brown Powdered
Machine Hours 3,170x$69 2,020x$69 2,010x$69
Number of Setups 150 x$444 230x$444 220 x$444
Number of Inspections 220x$88 330x$88 550x$88
Number of Customer Orders 880x$39 2,420x$39 1,100x$39
Customer Service Requests 70x$112 440x$112 190x$112
White Brown Powdered
Machine Hours $218,370 $139,380 $138,690
Number of Setups 66,600 102,120 97,680
Number of Inspections 19,360 29,040 48,400
Number of Customer Orders 34,320 94,380 42,900
Customer Service Requests 7,840 49,280 21,280
Total overhead costs $346,490 $414,200 $348,950
Units 7,925 5,050 5,025
Activity Cost per unit $43.72 $82.02 $69.44
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Barbara Bright is the purchasing agent for West
Valve Company. West Valve sells industrial valves
and fluid control devices. One of the most popular
valves is the Western, which has an annual demand
of 4,000 units. The cost of each valve is $90, and the
inventory carrying cost is estimated to be 10% of
the cost of each valve. Barbara has made a study of
the costs involved in placing an order for any of the
valves that West Valve stocks, and she has concluded
that the average ordering cost is $25 per order.
Furthermore, it takes about two weeks for an
order to arrive from the supplier, and during this
time the demand per week for West valves is approximately
80.
(a) What is the EOQ?
(b) What is the ROP?
(c) What is the average inventory? What is the
annual holding cost?
(d) How many orders per year would be placed?
What is the annual ordering cost?
a. The EOQ of Barbara Bright is 149.07.
b. The ROP is 160.
c. The average inventory is 74.54 and the annual holding cost is 670.82.
d. The orders per year that would be placed is 26.83 and the annual ordering cost is 670.82.
How to illustrate the information?An inventory management strategy called economic order quantity aids in the formulation of effective inventory management choices. It speaks of the ideal quantity of stock that a business should buy to meet demand while lowering holding and storage costs.
Economic Order Quantity = √(2SD/H)
EOQ= (2*4'000*25/(0.1*90))
= 149.07
(b) An exact level at which your stock needs to be restocked is known as a reorder point (ROP). To put it another way, it advises you when to order so that you won't run out of supply.
ROP = 80*2
= 160
(c) Calculating average inventory involves averaging inventory items over two or more accounting periods. Add the inventory counts at the end of each month, then divide the total by the number of months to determine the average inventory throughout a year.
AI= EOQ/2=
149.07/2
=74.54
AHC=C*h*EOQ/2
=90*0.1*149.07/2
=670.82
(d) The annual quantity calculates the number of orders demanded divided by the volume per order. Where, D = Annual quantity demanded. Q = Volume per order.
N=D/EOQ
=4'000/149.07
=26.83
Annual ordering Quantity = N*O
=26.83*25
=670.82
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