The EOQ model is ________ , or resistant to errors in the cost estimates and demand
Fill in the blank with correct word.
Answer: robust
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Leslie's Sunglass Company's western territory's forecasted income statement for the upcoming year is as follows
Sales revenue $850,000 Variable costs (520,000 ) Contribution margin $330,000 Fixed costs (480,000 ) Operating loss $(150,000 ) The company's management is considering dropping the western territory and has determined that $310,000 of the fixed expenses is avoidable. What is the change in Leslie's Sunglass Company's forecasted operating for the upcoming year if the western territory is dropped? Assume the company predicts an operating loss across the entire company. A) Operating loss will increase by $20,000. B) Operating profit will increase by $330,000. C) Operating loss will decrease by $20,000. D) Operating profit will decrease by $330,000.
The rate of depreciation of a car can be calculated by
A) dividing the original cost by the average annual depreciation. B) dividing the average annual depreciation by the original cost. C) subtracting the trade-in resale value from the original cost. D) dividing the total depreciation by the number of years.
Which of the following is an example of a random experiment?
A) A customer inspects a delivery and finds an error. B) Marketing budgets a 10% increase in advertising. C) The post office misplaces a letter. D) A student increases her average study time/week and improves her grades.
Hybrid processes combine features of make-to-order and make-to-stock production processes.
Answer the following statement true (T) or false (F)