What is the Total Cost (TC) at the EOQ?
The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four (4) days. Assume 365 days in a year.
A) $3000
B) $7300
C) $9000
D) $12700
B) $7300
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The range into which the true population parameter will fall, assuming a given level of confidence, is called the ________
A) confidence interval B) precision level C) sampling distribution D) standard deviation E) standard range
Anderson Company has purchased a group of assets for $23,800. The assets and their relative market values are listed below.
Which of the following amounts would be debited to the Land account? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $4200
B) $13,566
C) $4046
D) $6188
________ costs arise when a defect is discovered after the customer has received the product or service
Fill in the blanks with correct word
Using General Electric's strategic planning grid, an opportunity rated "medium" in terms of industry attractiveness and "high" in terms of business strengths would be evaluated as which of the following?
A. green, for growth B. yellow-borderline C. red, for no growth D. It could be evaluated as yellow, red, or green-because the grid suggests that opportunities with medium ratings need more analysis.