TRUE OR FALSE the eoq model determines the optimal order size that minimizes the sum of carrying costs and shortage costs

Answers

Answer 1

The given statement "the eoq model determines the optimal order size that minimizes the sum of carrying costs and shortage costs" is TRUE because eoq is used to know order size.

The Economic Order Quantity (EOQ) model is a widely used inventory management technique that determines the optimal order size for a product that minimizes the total costs associated with inventory management. These costs typically include carrying costs and shortage costs.

Carrying costs refer to the expenses incurred by holding inventory, such as warehousing costs, storage costs, insurance, and obsolescence. On the other hand, shortage costs are the costs incurred when demand exceeds supply, such as lost sales, backorders, and potential customer dissatisfaction.

The EOQ model takes into account both carrying costs and shortage costs to find the order quantity that minimizes the total inventory costs. By balancing the costs of holding inventory (carrying costs) with the costs of not having enough inventory (shortage costs), the model aims to find the most cost-effective order quantity.

The formula for calculating EOQ considers factors such as the product's annual demand, the cost per order, and the carrying cost per unit. By finding the order quantity that minimizes the sum of carrying costs and shortage costs, the EOQ model helps businesses optimize their inventory levels and minimize overall costs.

To learn more about eoq model click on,

https://brainly.com/question/32189723

#SPJ4

Related Questions

Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

Why very few subsistence economies exist today

Answers

Answer:

As previously mentioned,

subsistence markets are

extremely vulnerable to

external influences.

Because of this

vulnerability, these economies are

becoming more scarce around the

world. In the past, for example, large

populations of indigenous peoples lived

throughout North America.

On average, how long does it take for a typical Earth Buddy to move through the standardprocess (assuming a three-shift operation)?

Answers

On average, seven hours it take for a typical Earth Buddy to move through the standard process.

An established process is anticipated to include some essential components, which are referred to as standard process elements. Additionally, it discusses how these oligopolists process factors are related to one another. In order to efficiently and comprehensively improve wellbeing for the entire family, Standard Process, a third-generation, family-owned business, collaborates with medical professionals. In order to cover dietary gaps and support the body's interconnected systems, we have committed ourselves to improving lives via whole food-based nutritional supplements. Find out more about the topics that interest you. Having too many vitamins is possible, just as eating too much sweets or drinking too much water is. It might be harmful to your health to take too many vitamins, minerals, and supplements.

learn more about oligopolists here

https://brainly.com/question/13026299

#SPJ4

What is the next step after the irs accepts your return.

Answers

Answer:

Refund

Explanation:

After acceptance, the next step is for the government to review your refund. During the review process, they look for math errors on your return (extremely rare in TurboTax) and check if you owe back taxes, unpaid child support, or other debts. If they need to make any corrections, they may offset (reduce) your refund.

another name for an h.r. 10 plan or a self-employed retirement plan is a

Answers

Another name for an H.R. 10 plan or a self-employed retirement plan is a Solo 401(k) plan. The Solo 401(k) plan is a type of retirement savings account that is available to self-employed individuals and small business owners.

It allows individuals to contribute up to 58,000 per year, or 64,500 if they are age 50 or older, to their retirement accounts on a tax-deferred basis. The Solo 401(k) plan also allows for a higher contribution limit than traditional individual retirement accounts (IRAs), making it a popular option for self-employed individuals who want to save for retirement.

The Solo 401(k) plan is a type of retirement savings account that is available to self-employed individuals and small business owners who have no employees other than their spouses. It is similar to a traditional 401(k) plan offered by employers, but it is designed for self-employed individuals who do not have access to a traditional 401(k) plan through their employer.

Learn more about self-employed Visit: brainly.com/question/29241878

#SPJ4

What is the first step that he should follow in order to show only the records for items that were sold for more than $1.99?

He should select the Price Paid field and right-click on it, then choose Number Filters.
He should go to the Design tab, click on Group and Sort, then click the Price Paid field.
He should go to the Arrange tab, click on Group and Sort, then choose Number Filters.
He should select the Price Paid field and highlight it, then click on the Filter tab.

Answers

Answer a is the correct answer

Explain the role of public relations in developing and maintaining a corporate image.

Answers

By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.

To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.

learn more about stakeholders here:

https://brainly.com/question/32720283

#SPJ11

Question 21 (2.17 points) True or False? Outcome evaluation documents how the program got started. 1) True 2) False Question 22 (2.17 points) True or False? Immediate outcomes for mass media might include changes in individual behavior and enactment of policies. 1) True 2) False Question 24 (2.17 points) Which of the following is not considered a potential audience for workplace wellness programs? 1) The "business case" from the perspective of business leaders 2) The employee 3) The "planners, implementers, and evaluators" of workplace programs 4) Local gyms Question 25 (2.17 points) True or False? The practice of "CulturalCare" seeks to assimilate patients into the culture of clinical care. 1) True 2) False

Answers

Question 22: 1) True

Question 24: 4) Local gyms

Question 25: 2) False

Question 22:True. Outcome evaluation does document how the program got started, as it focuses on the initial processes, inputs, and activities that contributed to the program's development.

Question 24:

The potential programs include: 1) The "business case" from the perspective of business leaders, 2) The employee, and 3) The "planners, implementers, and evaluators" of workplace programs. Local gyms, however, are not considered a potential audience for workplace wellness programs.

Question 25:False. The practice of "CulturalCare" does not seek to assimilate patients into the culture of clinical care. Instead, it aims to promote culturally competent healthcare by acknowledging and respecting the diverse cultural backgrounds and values of patients.

Learn more about business here:

https://brainly.com/question/15826604

#SPJ11

Competition among sellers (producers) lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy.

A. Explain how the above (free market competition) would be an advantage for you, the consumer.

B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.

Answers

Answer:

A. Explain how the above (free market competition) would be an advantage for you, the consumer.

Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.

In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.

B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.

Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.

Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.

Business
12 questions please help!!

Answers

Answer:

Fill in the blanks

Explanation:

Answer: 1. Unsecured loans 2. Business credit card 3. Unsecured loan 4. Small Business Investment Companies 5. Reserve Fund 6. Routine 7. Operating costs 8. Secured loan 9. Commercial Debt Financing 10. Small Business Administration 11. Sound 12. Venture Capital Firm

Explanation:

You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this part in-house. You have two equipment options for moving production in-house: special-purpose equipment and general-purpose equipment. Cost information for these two options is as follows:

Alternative fixed cost Variable cost
Special_Purpose equipment 200,000 per yr 15 per unit
General-Purpose Equipment 50,000 per yr 20 per unit
What is the break even quantity between the two options?
a) 40,000 units per year
b) 60,000 units per year
c) 30,000 units per year
d) 50,000 units per year

Answers

Answer:

b )60,000 units per year an is aynul yang

If an engine has a Base Timing of 10° BTDC, but is currently firing at 5°, which is it

Answers

Based on the principle of starting engine, the correct answer is turbocharged engine

Turbocharged engine

Starting a turbocharged engine, the timing is reduced to compel the peak starting pressure later in the combustion stroke.

In conclusion, we can conclude that the correct answer is turbocharged engine.

Learn more about turbocharged engine here: https://brainly.com/question/1466714

What are the benefits of 2022 versa’s 5-speed manual transmission?

Answers

The benefits of the 5-speed manual transmission includes sporty driving feel, quick acceleration and full control of gear selection.

What is a 5-speed manual transmission?

This transmission system relates to a sporty-based engine because its ensure that full gear are used for high accelaration of the vehicle.

In conclusion, the benefits of the 5-speed manual transmission includes sporty driving feel, quick acceleration and full control of gear selection.

Answers

Answer:

free points ezzzzz

Explanation:

Answer:

Cash: 7,11,19,12

A/R: 11,19

which term correctly describes all of the following materials? salt water, vinegar, bronze, air, beach sandquestion 20 options:elementssolutionscompoundsmixtures

Answers

The term that correctly describes all of the following materials is "mixtures." A mixture is a combination of two or more substances that are physically intermingled but not chemically bonded.

In a mixture, the individual substances retain their own properties and can be separated by physical means.

In the case of the given materials: Salt water is a mixture of water and salt, where the salt dissolves in the water.

Vinegar is a mixture of acetic acid and water.

Bronze is an alloy, which is a mixture of copper and tin.

Air is a mixture of gases, primarily nitrogen, oxygen, carbon dioxide, and trace amounts of other gases.

Beach sand is a mixture of various minerals, organic matter, and water.

Since all of these materials consist of different substances that are physically combined without forming new chemical compounds, they can be classified as mixtures.

Learn more about materials here

https://brainly.com/question/30418755

#SPJ11

The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are more than 90 days overdue (i.e., delinquent). The historical records of the company show that over the past 8 years, the average has been that 13% of the accounts have been delinquent. For this quarter, the auditing staff randomly selected 250 customer accounts. What is the probability that no more than 40 accounts will be classified as delinquent? (Round to 4 decimal places.)

Answers

The probability that no more than 40 accounts will be classified as delinquent is 0.9999.

To calculate the probability, we can use the binomial distribution formula, which considers the number of trials (250 accounts), the probability of success (13% delinquent accounts), and the desired outcome (no more than 40 delinquent accounts).

Using this formula, we find the probability to be 0.9999, or 99.99%, rounded to four decimal places.

The binomial distribution is a probability model that helps us calculate the probability of a specific number of successes in a fixed number of trials. It is applicable when the trials are independent, each trial has two possible outcomes (success or failure), and the probability of success remains constant throughout the trials. In this case, the auditing staff randomly selected customer accounts, and the proportion of delinquent accounts (13%) serves as the probability of success. By applying the binomial distribution formula, we can determine the probability of observing a specific range of delinquent accounts.

Learn more about Binomial distribution

brainly.com/question/29137961

#SPJ11

Which type of investment income happens when a company
shares its profits with investors?

Answers

Dividends is the answer

Answer:

B is the answer

Explanation:

i just did the quiz

mary graham has worked as a real estate agent for piedmont properties for 15 years. her annual income is approximately $100,000 per year. mary is considering establishing her own real estate agency. she expects to generate revenues during the first year of $2 million. salaries paid to her employees are expected to total $1.50 million. operating expenses (e.g., rent, supplies, utility services) are expected to total $250,000. to begin the business, mary must borrow $300,000 from her bank at an interest rate of 15%. equipment will cost mary $50,000. at the end of one year, the value of this equipment will be $30,000, even though the depreciation expense for tax purposes is only $5,000 during the first year.

Answers

The pre-tax accounting profit is $170,000. The pre-tax economic profit is $55,000 and the actual depreciation is $20,000.

What does the accounting term depreciation mean?

A non-cash business expense called depreciation is assessed throughout the time that an asset is valuable to your company. By removing the cost of using up a portion of an asset's worth from taxable revenue, every organization can benefit from depreciation.

Which assets are subject to depreciation?

Machines, automobiles, office buildings, buildings you rent out for revenue (both residential and commercial property), and other equipment, such as computers and other technologies, are all examples of depreciable property.

To know more about depreciation, visit:

https://brainly.com/question/16902322

#SPJ4

During the stage, managers fail to recognize the internal or external changes that will harm their companies.

Answers

Skeebledobbleflibbleflobbleneedlenoodlepeedlepoodle so like basically what is the question jit?

Nerida Kyle is thinking of buying a car to avoid taking Lyft to work. She is using the cost-benefit principle to evaluate this decision and is calculating the costs and benefits to owning the car over the next year. She's gathered the following information to help her make her decision: • The car costs $15,000 to purchase, but she can resell it after a year of use for $13,500. • She thinks gas will cost her about $1.200 for the year. • The annual insurance premium for her car is $800. • Maintenance and repairs will cost about $300 for the year. • Using Lyft to get to work would cost her $4,000 for the year. The cost of the car for the year is: O $4,000 $1,500. $3,800. $7,800

Answers

The cost of the car for the year is $7,800. To calculate the cost of the car for the year, Nerida needs to add up all the costs she will incur over the course of the year, including the purchase price, gas, insurance, maintenance and repairs.

Purchase price: $15,000

Gas: $1,200

Insurance: $800

Maintenance and repairs: $300

So, the total cost of the car for the year is $15,000 + $1,200 + $800 + $300 = $17,300.

However, she can resell the car after a year of use for $13,500, so the cost of the car for the year is $17,300 - $13,500 = $3,800.

This cost will be compared to the cost of using Lyft to get to work, which is $4,000, to determine if buying a car is the better option.

learn more about cost-benefit principle at :

https://brainly.com/question/30389035

#SPJ4

discuss whether or not an increase in income tax will improve economic performance

Answers

Lower tax rates boost the after-tax advantage of working, saving, and investing, which increases the size of the economy.

Tax cuts have a beneficial influence on the size of the economy because they increase the after-tax benefit for working, saving, and investing.

By substitution effects, these larger after-tax rewards inspire additional work effort, saving, and investment.

Impact of Taxes on Resource Allocation: Taxation can influence the volume or quantity of production as well as the structure of production in the economy by diverting resources in the desired directions.

In the end, it may have some positive benefits on productivity.

If the assessed attempts tax evasion, the losses cannot be carried forward. If you fail to file your income tax return on time, you will be fined Rs 5000.

Learn more about Income tax here

https://brainly.com/question/28833994

#SPJ9

Question 27 pts OSHA, the Occupational Safety and Health Administration, has notified you that your company is legally required to install safety rails around the large vats of chemicals in your factory. You need to follow their order so that you are: Group of answer choices in compliance. licensed. insured. contracted.

Answers

Compliance i believe

indicate whether or not the trial balance will balance after the error. if the trial balance will not balance, indicate the direction of the misstatement for any affected account (such as cash will be overstated by $50).a. a cash purchase of supplies of $348 was recorded as a debit to supplies for $384 and a credit to cash of $ trial balance will balance; but there is still an error. the transaction was recorded at an incorrect dollar amount. supplies will be overstated by $36 and cash will be understated by $36.b. a cash sale of $3,128 was recorded as a debit to cash of $3,128 and a credit to sales of $3, trial balance will not balance; sales will be overstated by $54.c. a purchase of equipment, on account, was recorded once in the journal and posted twice to the trial balance will balance; both accounts will be overstated.d. cash paid for salaries of $5,270 was recorded as a debit to salaries expense of $5,270 and a credit to accounts payable of $5, trial balance will balance; accounts payable will be overstated by $5,270 and cash will be overstated by $5,270.e. a credit sale of $7,600 was recorded as a credit to sales revenue of $7,600; however, the debit posting to accounts receivable was trial balance will balance; but there is still an error.

Answers

In the given five scenarios, the transactions that will make the trial balance balance have the same amount of debit and credit sides. However, the transactions that won't make the trial balance balance will have different amounts of debit and credit. Below are the explanations for each scenario:

Scenario A:The transaction of cash purchase of supplies of $348 was recorded as a debit to supplies for $384 and a credit to cash of $348. In this scenario, the trial balance will balance but there is still an error. The transaction was recorded at an incorrect dollar amount. Supplies will be overstated by $36 and cash will be understated by $36.

Scenario B:The transaction of cash sale of $3,128 was recorded as a debit to cash of $3,128 and a credit to sales of $3,174. In this scenario, the trial balance will not balance. Sales will be overstated by $54.

Scenario C:The purchase of equipment on account was recorded once in the journal and posted twice to the accounts. In this scenario, the trial balance will balance but both accounts will be overstated.

Scenario D:The transaction of cash paid for salaries of $5,270 was recorded as a debit to salaries expense of $5,270 and a credit to accounts payable of $0. In this scenario, the trial balance will balance. Accounts payable will be overstated by $5,270 and cash will be overstated by $5,270.

Scenario E:The credit sale of $7,600 was recorded as a credit to sales revenue of $7,600 but the debit posting to accounts receivable was not made. In this scenario, the trial balance will balance but there is still an error. The accounts receivable will be understated by $7,600.

To conclude, a trial balance will balance only if the amount of debit is equal to the amount of credit. However, in some scenarios, the trial balance will still balance despite having errors. If the trial balance does not balance, we can identify the direction of the misstatement by analyzing the affected accounts.

know more about trial balance here,

https://brainly.com/question/15002642

#SPJ11

You want to buy a new ski boat 2 years from now, and you plan to save $6,400 per year, beginning one year from today. You will deposit your savings in an account that pays 6.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now?

Answers

Answer:

Total Amount after 2 years = $13196.8

Explanation:

Data Given:

Amount of savings per year = $6400

Interest rate = 6.2%

Find Total Amount in account after 2 year:

Solution:

Lets consider it step by step.

Amount of money deposited in account after 1 year = $6400

After 2 years, we earn 6.2% interest on $6400,which is:

$\frac{6.2}{100}\cdot6400= 396.8$

So, after 2 years, BEFORE the 2nd deposit, we have $6400 + $396.8 = $6796.8 in the account.

AFTER 2nd deposit of $6400, total amount we have in account is:

Total Amount = $6796.8 + $6400 = $13196.8

does dreamSpark provide an unfair advantage to microsoft? why or why not?

Answers

DreamSpark provides an unfair advantage to Microsoft is a subjective one that depends on one's perspective and opinions about the role of technology companies in education and the broader economy.

The question of whether DreamSpark provides an unfair advantage to Microsoft is a matter of perspective and opinions may vary. Some people may argue that DreamSpark gives Microsoft an unfair advantage because it provides access to Microsoft software and tools at no cost to eligible students, which could make it easier for students to develop skills and knowledge using Microsoft technologies.

On the other hand, others might argue that DreamSpark is not an unfair advantage because it is available to all eligible students, regardless of their affiliation with Microsoft or any other company, and it provides students with access to software and tools that they may need to complete coursework or pursue interests in computer science and related fields.

Additionally, DreamSpark is not exclusive to Microsoft products, and it includes tools from other companies as well.

Learn more about "Microsoft" here:

https://brainly.com/question/26695071

#SPJ11

When appropriately connected to the organization, which type of group can be highly productive and motivating?
Multiple Choice
a) a service club
b) a committee
c) a department
d) a division

Answers

When appropriately connected to the organization, a committee can be highly productive and motivating. The correct answer is b) a committee.

Committees are typically made up of members from different departments or divisions within an organization, and are responsible for making decisions or recommendations on specific issues.

When committee members are properly connected to the organization and have a clear understanding of their roles and responsibilities, they can be highly productive and motivated to achieve their goals.

See more about committee at https://brainly.com/question/29797636.

#SPJ11

waht should i do when employer present 2 positions

Answers

Answer:

Ask him which one is the best choice

Explanation:

If you were the CEO of a company that was looking to implement strategies to fill a perceived strategic-planning gap, you would most likely explore ____ strategy first because it is easier to improve an existing business than to build a new one.

Answers

The strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.

What is market-penetration?

The strategy of market penetration is used for a product or service in the existing market to build a larger customer base, increase market sales etc

In conclusion, the strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.

Answers

1. Paying her bill late( messes up your credit score)
2. Overspending ( self-explanatory)
3. Using her credit card on unknown website( increases risk of fraud)

The three things that should make the poor choice:

The bill are paid after the due date that affect the credit score. There is overspending. The credit card is used for the unknown website due to which the chances of fraud are increased.

In this way, these 3 things make the poor choice.

Learn more: brainly.com/question/17429689

At the time of the stock market crash, the government did not insure bank deposits, so.

Answers

At the time of the stock market crash, the government did not insure bank deposits, so customers lost their savings if a bank collapsed.

Banks had put their savings in the stock market, which caused the stock market crisis to undermine the country's banks. The stock market crisis had an impact on everyone, even though a small portion of Americans had made investments. Banks suffered millions of dollars in losses, which led them to foreclose on personal and company loans. This put pressure on borrowers to repay their debts whether or not they had the money on hand.

The RFC was given money by the Emergency Assistance and Construction Act of 1932, which also contained extra funding for regional, state, and federal public works initiatives, to lend to the states as a means of relief.

To know more about Stock market crash here

https://brainly.com/question/3956357

#SPJ4

Other Questions