You should use conversion-focused bidding strategies when your main goal is to drive conversions and maximize your return on investment.
Conversion-focused bidding strategies are designed to optimize your ad delivery towards people who are more likely to take a specific action on your website, such as making a purchase, filling out a form, or signing up for a service. By using these bidding strategies, you can help ensure that your ad dollars are being spent on people who are more likely to convert, and ultimately, drive more sales or leads for your business. There are several conversion-focused bidding strategies available, including Target Cost-Per-Acquisition (tCPA), Maximize Conversions, and Enhanced Cost-Per-Click (eCPC). It's important to choose the right bidding strategy based on your business goals, budget, and target audience. Additionally, you should regularly monitor your campaign performance and adjust your bidding strategy as needed to ensure you are getting the best possible return on your advertising investment.
Learn more about goal here
https://brainly.com/question/1512442
#SPJ11
Layes Inc. issues 8,000 shares of $100 par value preferred stock for cash at $106 per share. Journalize the issuance of the preferred stock.
Deb. Cash (8,000x106) $848,000
Cre. Preferred Stock (8,000x100) $800,000
Cre. Additional Paid-in Capital-Preferred $48,000
What you mean by preferred stock?
Preferred stock is a class of stock with specific rights that are different from common stock. Preferred stock often has higher dividend payouts and higher asset claims upon liquidation.
Why you buy preferred stock?
Preferred stock typically offers a higher yield than common dividend stocks or bonds issued by the same company. Their dividend payments also supersede any payments related to our common stock dividends. When a company faces a liquidity crisis, the common stock dividend is cut first.
To know more about Preferred Stock visit here:
https://brainly.com/question/29739867
#SPJ4
Which of the following are factors that will effect the price of a product?
(Check all that apply)
1. The amount of advertising and communications needed to inform customers
2. The number of businesses in the channel of distribution
3. The level of customer service offered by the business
4. The quantity of a product purchased by a customer
5. Whether the product is fragile or requires special handling
The factors that will affect the price of a product are:
1. The amount of advertising and communications needed to inform customers.
2. The quantity of a product purchased by a customer
3. Whether the product is fragile or requires special handling
What is Pricing?Pricing is the process by which a company determines the price at which it will sell its products and services and can be part of the company's marketing plan.
The process of estimating the quantitative value of a product based on internal and external criteria is known as product pricing. Product price has a direct influence on your company's entire profitability, from cash flow to profit margins to client demand.
Learn more about Pricing at:
https://brainly.com/question/20927491
#SPJ1
Through the recording, classifying, summarizing, and interpretation of financial events in an organization, the function of ______ helps managers make good decisions about the firm's operations. Multiple choice question.
Through the recording, classifying, summarizing, and interpretation of financial events in an organization, the function of financial accounting helps managers make good decisions about the firm's operations.
The function of financial accounting helps managers make good decisions about the firm's operations by providing them with accurate and timely information about the organization's financial performance. Financial accounting involves the recording, classifying, summarizing, and interpretation of financial events that occur within an organization.
The process of recording involves the systematic and detailed documentation of all financial transactions, such as sales, purchases, and payments, in the company's books of accounts. Classifying involves grouping and categorizing financial transactions based on their nature and purpose.
Summarizing involves the preparation of financial statements, such as the balance sheet, income statement, and cash flow statement, that provide an overview of the company's financial position, performance, and liquidity. Interpretation involves analyzing and interpreting financial information to gain insights into the company's financial performance and identify trends, opportunities, and challenges.
Overall, the function of financial accounting plays a crucial role in helping managers make informed decisions about the firm's operations by providing them with reliable and relevant financial information.
For more such questions on managers
https://brainly.com/question/24553900
#SPJ11
Answer:
accounting
Explanation:
janelle recently received a promotion at her job, increasing her income from $940 per week to $1,060 per week. as a result, she decides to purchase 9% more sushi per week. computed using the midpoint method, the income elasticity of janelle's demand for sushi is:
The income elasticity of Janelle's demand for sushi is less than 1.
What is demand?A demand refers to the quantity of a good or service that consumers are willing and able to purchase at a given price and time. In other words, demand represents the desire or need of consumers for a particular product or service.
The law of demand states that, all other things being equal, as the price of a product or service increases, the quantity demanded decreases, and vice versa.
In the above case the Janelle's income elasticity of demand for sushi is less than 1.
Learn more about demand here:
https://brainly.com/question/28098072
#SPJ1
1. Why are certain industries such as agriculture, mining, construction, domestic work, and low-skill manufacturing more prone to modern slavery?
1. While consumers pressure companies to maintain low
Certain industries such as agriculture, mining, construction, domestic work, and low-skill manufacturing are more prone to modern slavery due to a combination of factors. These industries often involve labor-intensive work, low wages, and limited regulations, creating an environment where exploitation can occur.
In the agriculture sector, for example, migrant workers may be vulnerable to exploitation due to their dependence on employers for work and accommodation. In mining and construction, hazardous working conditions and remote locations can contribute to the exploitation of workers. Domestic work, often carried out in private households, is less regulated and more susceptible to hidden exploitation. Low-skill manufacturing industries, especially in developing countries, may lack proper labor protections and oversight, making it easier for unscrupulous employers to exploit workers.
These industries' characteristics, along with factors such as poverty, migration, and weak legal frameworks, contribute to the higher risk of modern slavery. Addressing this issue requires a multi-faceted approach, including stronger labor regulations, improved monitoring systems, increased awareness, and support for vulnerable workers.
Learn more about agriculture here
https://brainly.com/question/12143512
#SPJ11
A celebrity tells the paparazzi where to be so they can be photographed with their newest date: the son of a
politician who opposes the type of media the celebrity appears in. What marketing concept MOST closely describes
the celebrity's actions?
push marketing
pull marketing
O
buzz
O
hype
In case whereby A celebrity tells the paparazzi where to be so they can be photographed with their newest date and the son of a politician who opposes the type of media the celebrity appears the marketing concept that describes celebrity's actions is Push marketing.
What is Push marketing?Push marketing can be described as the type of marketing which is been considered as the traditional avenues of advertising and marketing, which can make use of the series of television ads so tat they can promotion about the products for more sales in the company.
Read more about marketing at:
https://brainly.com/question/14457086
#SPJ1
winnipeg shelly is a large automatic car wash facility located in manitoba, canada. the following table provides estimates of the company’s costs (i.e. budget assumptions).:
Fixed Cost
per Month Cost per
Car Washed
Cleaning supplies $ 0.80
Electricity $ 1,200 $ 0.15
Maintenance $ 0.20
Wages and salaries $ 5,000 $ 0.30
Depreciation $ 6,000
Rent $ 8,000
Administrative expenses $ 4,000 $ 0.10
For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.
Required:
Complete the company’s planning budget for August.
The estimated planning budget for Winnipeg Shelly in August includes fixed costs of $24,200 and variable costs based on the number of cars washed, totaling $1,530.
What is the breakdown of Winnipeg Shelly's planning budget for August?The planning budget for Winnipeg Shelly in August consists of fixed costs, which remain constant, and variable costs that depend on the number of cars washed. The fixed costs include depreciation, rent, and administrative expenses, totaling $24,200. Variable costs, such as cleaning supplies, electricity, maintenance, and wages and salaries, are estimated based on a cost per car washed. By multiplying the cost per car washed by the estimated number of cars to be washed in August (9,000 cars), the total variable costs amount to $1,530.
To calculate the overall planning budget, the fixed costs and variable costs are added together. The company also anticipates revenue generation through an average of $4.90 collected per car washed. The planning budget serves as a financial blueprint, helping the company assess and allocate resources effectively for its operations in August.
Planning budgets play a crucial role in financial management as they provide a comprehensive overview of expected costs and revenues. By estimating fixed and variable costs, businesses can identify their financial commitments and allocate resources accordingly. This budgeting process allows companies to plan for adequate revenue generation to cover expenses and make informed decisions about pricing, resource allocation, and profitability. It helps businesses maintain financial stability and achieve their desired financial goals.
Learn more about Winnipeg
brainly.com/question/6972765
#SPJ11
six months after they bought the property, barbara, another friend, says she wants to become part of the company and the ownership of the property. can barbara become a joint tenant with the other three owners?
The specific laws governing property ownership and the requirements for creating joint tenancies may vary depending on the jurisdiction.
To determine whether Barbara can become a joint tenant with the other three owners, we need to consider the legal requirements for creating a joint tenancy and the specific circumstances surrounding the property ownership.
A joint tenancy is a form of co-ownership where each owner has an equal undivided interest in the property. In order to create a joint tenancy, certain conditions must be met. One of the key requirements is the unity of time, meaning that all joint tenants must acquire their interest in the property at the same time.
In this scenario, Barbara expressed her interest in becoming a joint tenant six months after the other three owners purchased the property. Since Barbara did not acquire her interest in the property at the same time as the initial owners, she cannot become a joint tenant with them.
However, it's worth noting that there may be alternative forms of co-ownership that Barbara could explore to become a partial owner of the property. For example, she may consider becoming a tenant in common, where each owner holds a separate and distinct share of the property. Unlike a joint tenancy, a tenant in common can acquire their interest in the property at different times.
It's important for Barbara and the other owners to consult with legal professionals or review the applicable laws in their jurisdiction to fully understand their rights and options regarding the ownership of the property.
for more questions on jurisdiction
https://brainly.com/question/3437198
#SPJ8
What is a benefit of having a good credit score?
A- you'll get accepted to better education institutions.
B-You'll get more job offers.
C-When you need a loan, you'll have more loan offers
to pick from.
A benefit of having a good credit score is when you need a loan, you'll have more loan offers to pick from. Hence option C is correct.
What is credit score?Credit score is defined as a forecast of your likelihood to repay a loan on time using data from your credit reports. A credit score is often a three-digit figure used by lenders to determine if you qualify for a mortgage, credit card, or other line of credit as well as the interest rate you will be charged. The score paints an image of you to the lender at the time of your application as a credit risk.
According to McClary, "a high credit score means that you will probably be eligible for the new loans and lines of credit with the lowest interest rates and costs." Furthermore, if you're looking for a mortgage, you may be able to save up to 1% on interest.
Thus, a benefit of having a good credit score is when you need a loan, you'll have more loan offers to pick from. Hence option C is correct.
To learn more about credit score, refer to the link below:
https://brainly.com/question/25668115
#SPJ2
Which of the following should you NOT research when investing in mutual funds?
a. Qualifications of fund managers.
b. The primary goals of the fund.
C. The performance of the fund over time.
d. Finding reliable professionals to represent your interests.
Answer:
d. Finding reliable professionals to represent your interests.
Explanation:
A mutual fund is a combination of different investment instruments, including shares, bonds, and other money market securities. The combined investment instruments trade as a single investment tool. Someone investing in a mutual fund will be buying small units of shares, bonds, and securities of different companies. A mutual fund is a good example of portfolio investment.
Fund managers manage mutual funds. A fund manager is a skilled and experienced person or entity in the money markets. Their main role is to select the securities that form a mutual fund. They pick investment instruments that maximize their clients' returns. An investor does not need a representative in a mutual fund; the fund manager's track record is what should concern them.
It is important to receive feedback from customers and employees on a prototype's efficacy. What is
efficacy?
A. How well something decreases raw materials cost
B. How well something increases profits for shareholders
C. How well something accomplishes the goal it was set out to accomplish
*any trolls will get reported*
Efficacy means the ability to produce the desired output.
It is definitely important to get feedback from employees and customers.
The raw material cost should be reduced subject to not reducing the quality of the raw material. If the raw material quality is affected then it would affect the sales.
To maximize the shareholder profit the sales should be increased and the cost should be reduced. And strategies should be taken to increase sales.
Achieving the goals and objectives would in turn increase the shareholder's return.
To achieve the goals and objectives strategic planning should be undertaken by the company.
nicky's account manager asked her to include minimal or no text overlay in the image assets she's using in a app campaign. why is that?
Large-scale or very long text in image assets can detract from the viewer’s visual experience of an ads.
Why there are minimal words in ads?
Less is more when it comes to digital advertising. Character restrictions apply to ads on networks like Face-book, Tw-itter, and Go-ogle AdWords. That's good, too. In my experience, conciseness almost always results in more conversions, regardless of how complex your product is or how alluring your offer is.
Your adverts will stick out if they are concise, especially on social networks. A consumer can quickly comprehend the offer from a brief advertisement. Additionally, reducing material to its essentials lets advertisers concentrate on what matters.
The bare minimum of an advertisement establishes the fundamentals of your item or service. Explain the product or service as follows:
What it is and why customers require it
how a need is met by the product.
To learn more about ads click:
brainly.com/question/2803068
#SPJ4
Help anybody I’m trying to solve this
The break-even point is the point where the profit is equal to .
Therefore to find the break-even point equates the profit function to be equal to 0.
P(x)=300x−25x²
300x−25x²=0
300x/x=25x²/x
300=25x
300/25=x
x=12Units
The break-even point is the point at which total revenue is equal to total cost. At this point, the profit is zero.
What is break-even point?
Breakeven points (BEPs) can be used in a wide range of situations. For example, the breakeven point in a property is the amount of money that the homeowner would need to generate from a sale to exactly offset the net purchase price, which includes closing costs, taxes, fees, insurance, and mortgage interest—as well as costs associated with maintenance and home improvements. At that price, the homeowner would break even, meaning he would not make or lose any money. BEPs are also used by traders to determine what price a security must reach in order to cover all costs associated with a trade, such as taxes, commissions, management fees, and so on.
A company's breakeven point is calculated similarly by taking fixed costs and dividing them by the percentage of gross profit margin.
To learn more about break even point refer to:
brainly.com/question/15281855
#SPJ1
If you are the buyer and your closing costs are 4% of the loan amount, how much will you pay if the loan amount is $200,000?
Answer:
$8,000
Explanation:
Closing costs are fees levied on mortgage takers. They are paid at the closing stages of a mortgage to cover the costs of transferring the title to the buyer and other expenses.
If the mortgage is $200,000 and closing costs at 4%, the actual amount to be paid as the closing cost will be,
= 4% of $200,000
=4/100 x $200,000
=0/04 x $200,000
=$8,000
If pizza used to be produced in a competitive price-searcher market, and now the pizza market becomes a monopoly, we would expect:
more pizza to be sold at higher prices.
less pizza to be sold at lower prices.
more pizza to be sold at the same price.
less pizza to be sold at the same price.
If pizza used to be produced in a competitive price-searcher market, and now the pizza market becomes a monopoly, we would expect less pizza to be sold at higher prices.
Here's why:Under competitive price-searcher market, there are several companies that manufacture similar products (in this case, pizza). Because there are several options for buyers, competition encourages companies to offer lower prices so that they can entice customers away from their competitors.
When pizza is produced in a competitive price-searcher market, consumers are able to choose between different types of pizza at different prices. This leads to a larger number of pizzas being sold at a lower price. When the pizza market becomes a monopoly, there is only one company that makes pizza.
As a result, this company has significant market power and is able to charge a higher price than they would be able to charge under a competitive price-searcher market. Because there are no other options for consumers, the company can charge higher prices and still sell a significant amount of pizza.
To know more about competitive visit:
https://brainly.com/question/2570802
#SPJ11
when respect is missing in communication what is the result?
Answer:
I think fighting is the result
careers with adverse working conditions often demand higher wages. Adverse working conditions might include
irregular work schedule
decision making
uncomfortable environment
required experience
Answer:
uncomfortable environment
Explanation:
Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.
Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge. Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.
Answer:
C) uncomfortable environment
Explanation:
When the units produced are equal to the units sold, the net operating income computed using the variable costing method is ______ the net operating income using the absorption costing method.
Answer:
equal to
Explanation:
When the units produced are equal to the units sold, net operating income computed using the absorption costing approach is equal to the net operating income computed using the variable costing approach.
Post-secondary education is
DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
The desire to eat a philly cheesesteak, whether or not you are in the position to buy one, is an example of a __________________.
The desire to eat a Philly cheesesteak, whether or not you are in the position to buy one, is an example of a demand.
What is the second phase of the value creation and delivery sequence?
Five number one sports create value and cost in a selected business.
Which of the subsequent announcement approximately advertising and marketing is true?
In order to boom call for for a company's products, advertising and marketing is a device this is used to elevate attention of the products.The company's revenues are boosted as a result. There can be extra jobs withinside the financial system because of extended manufacturing sports because the call for for the products rises.When purchasers percentage a sturdy want that Cannot be glad with the aid of using an current product they're displaying latent call for?
Customers might also additionally have a sturdy want this is shared in latent call for however is unmet with the aid of using an current good.Latent call for is largely a consumer's inability to fulfill a preference for a terrific due to the fact he's not able to pick out it or does not understand it till it's far mentioned to him.Learn more about company's products
brainly.com/question/1368574
#SPJ4
Shawn wants to determine which species of bacteria and fungi live with bees. In a few sentences, describe a method you might use to identify the microbes.
Answer:
The essence of the particular issue is outlined in the following subsection on the clarification.
Explanation:
Bacteria including certain Pseudomonas, Pantera, etc., and fungal organisms such as Aspergillus, Cladosporium, as well as Mucor, etc. become studied in corbicular sperm including bee bread contained in colony stores. One can classify the microbes with either the aid including its DNA sequencing process.DNA sequencing would be used to establish the sequence of the components within a limited fragmented of even an organism's DNA. This article evaluates a percent correlation for known organisms through an approved reference database.Economics is the study of how society manages its :_______.
i. limited wants and unlimited resources.
ii. unlimited wants and unlimited resources.
iii. limited wants and limited resources.
iv. unlimited wants and limited resources.
What is the main difference between goods and services?
What is a swot anaylasis
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
mark brainliest
Case study: They are Business Leader at Spotlight Corporation, DPS p. 409.
Questions for class discussion:
From case study - They are Business Leader at Spotlight Corporation -
Suggest a list of competencies that a project manager in your industry should possess.
As the Business Leader at Spotlight Corporation, a project manager in your industry should possess a range of competencies to effectively manage projects. These competencies are essential for project managers to successfully lead and deliver projects in your industry.
Here is a list of competencies that are important for a project manager:
1. Strong leadership skills: A project manager should be able to inspire and motivate team members, set clear goals, and provide guidance and direction throughout the project.
2. Excellent communication skills: Effective communication is crucial for a project manager to convey project objectives, expectations, and updates to team members, stakeholders, and clients. Clear and concise communication helps to avoid misunderstandings and ensures that everyone is on the same page.
3. Problem-solving and decision-making abilities: Project managers often face unexpected challenges and need to make critical decisions. They should possess strong problem-solving skills to identify and resolve issues promptly, as well as make informed decisions to keep the project on track.
4. Organizational and planning skills: Project managers need to create detailed project plans, set realistic timelines, and allocate resources efficiently. They should possess strong organizational skills to manage tasks, prioritize activities, and ensure that deadlines are met.
5. Risk management expertise: Project managers should have the ability to identify potential risks and develop strategies to mitigate them. They should be proactive in assessing and managing risks throughout the project lifecycle.
6. Financial management skills: Project managers need to have a good understanding of budgeting and financial management to ensure that projects are delivered within the allocated budget. They should be able to monitor project costs, track expenses, and make necessary adjustments to keep the project financially viable.
7. Stakeholder management skills: Project managers interact with various stakeholders, including clients, team members, executives, and vendors. They should possess strong interpersonal skills to build and maintain positive relationships, manage expectations, and effectively address any concerns or conflicts that may arise.
8. Adaptability and flexibility: Projects can change rapidly, and project managers need to be adaptable and flexible in their approach. They should be able to adjust plans and strategies to accommodate new requirements or unexpected circumstances.
9. Technical knowledge: Depending on the industry, project managers should possess relevant technical knowledge and expertise. This allows them to understand project requirements, evaluate feasibility, and effectively communicate with team members and stakeholders.
These competencies are essential for project managers to successfully lead and deliver projects in your industry. By developing these skills, project managers can effectively navigate the complexities of projects and achieve their goals.
To know more about project manager, refer
https://brainly.com/question/27995740
#SPJ11
Full-service brokerage firms
a. have lower commissions.
b. offer portfolio management.
C.provide no investment advice.
d. teach you how to do market research.
Please select the best answer from the choices provided
A B C D
Answer:
b. offer portfolio management.
Explanation:
When the brokerage firms provide full service so they would offer the portfolio management that means it manages the portfolio so that the risk could be minimized and returns could be high via investing the securities in different places rather investing at one place
Therefore option B is correct
How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?
Answer:
Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.
However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.
The functional currency of Snow was the US dollar. Remeasurement/translation of financial statements to U.S. Dollars, for the year ended December 31, 2023 Snow Company (German subsidiary) Euros Exchange rate Euro 1 = U.S. Dollars Income Statement Net sales 400,000 US$ Cost of goods sold 220,000 Calculation Depreciation expense 10,000 US$ Other expenses 50,000 US$ Remeasurement loss Calculation Net income 120,000 Statement of Retained Earnings Retained earnings, 1/1/23 20,000 US$ + Net income 120,000 From I/S – Dividends declared 30,000 US$ Retained earnings, 12/31/23 110,000 Balance Sheet 1/1/23 12/31/23 Cash 220,000 330,000 US$ Inventories (at FIFO cost) 50,000 30,000 US$ Equipment (net) 80,000 70,000 US$ Total 350,000 430,000 Accounts payable 30,000 20,000 US$ Common stock 300,000 300,000 US$ Retained earnings 20,000 110,000 From above Total 350,000 430,000 (a) Determine the remeasurement gain or loss/translation adjustment for 2023 by analyzing changes in exposed positions. You must show your calculations to receive credit. (b) Complete the above table for the remeasurement/translation of Snow’s financial statement into U.S. dollars.
(a) To determine the remeasurement gain or loss/translation adjustment for 2023, we need to analyze the changes in exposed positions. Exposed positions are the balance sheet items that are subject to remeasurement due to changes in the exchange rate.
Remeasurement gain/loss for 2023:
Remeasurement gain = Cash gain + Accounts payable gain
= 110,000 US$ + 10,000 US$
= 120,000 US$
Remeasurement loss = Inventories loss + Equipment loss
= 20,000 US$ + 10,000 US$
= 30,000 US$
Remeasurement gain or loss/translation adjustment for 2023 = Remeasurement gain - Remeasurement loss
= 120,000 US$ - 30,000 US$
= 90,000 US$
(b) Completed table for the remeasurement/translation of Snow's financial statement into U.S. dollars:
Balance Sheet 1/1/23 12/31/23
Cash 220,000 330,000 US$
Inventories 50,000 30,000 US$
Equipment (net) 80,000 70,000 US$
Total 350,000 430,000 US$
Accounts payable 30,000 20,000 US$
Common stock 300,000 300,000 US$
Retained earnings 20,000 110,000 US$
Total 350,000 430,000 US$
To learn more about account click here:brainly.com/question/30977839
#SPJ11
How should you dress for a phone interview? (Site 1)
online content
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
To learn more about phone interviews follow the link:
https://brainly.com/question/3701296
Healthy Plants Ltd. (HP) produces its premium plant food in 50-pound bags. Demand for the product is 100,000 pounds per week. HP operates 50 weeks per year and can produce 250,000 pounds per week. The setup cost is $200, and the annual holding cost rate is $0.55 per bag. Currently, HP produces its premium plant food in batches of 1,000,000 pounds. Using the data provided in Problem 23, determine what will happen if HP uses the economic production quantity model to establish the quantity produced each cycle.
Based on the weekly demand, production capacity and holding cost, the EPQ must be 550,482.88 pounds or 11,009.66 bags.
The Economic Production Quantity can be found by the formula:
= √( ( 2 x Annual demand x Setup cost) / ( Annual holding cost per pound x ( 1 - Demand rate per week / Production rate) ) ) )
Annual demand = Demand per week x Number of weeks in HP year)
= 100,000 x 50
= 5,000,000
Annual holding cost per pound = Cost per bag / Number of pounds in bag
= 0.55 / 50 pounds
= $0.011 per pound
Economic Production Quantity = √( ( 2 x 5,000,000 x 200) / ( 0.011 x ( 1 - 100,000 / 250,000) ) ) )
= 550,481.88 pounds
In bags this is:
= 550,481.88 / 50 pounds per bag
= 11,009.66 bags
Find out more at https://brainly.com/question/17305580.
The question is:
Calculate the economic production quantity (EPQ) in pounds and bags