The objective of the basic economic order quantity model is to ______.

a. minimize the total of the holding and ordering costs

b. maximize the order quantity to prevent stock-outs

c. minimize the number of orders placed

d. calculate the reorder point to avoid shortages


minimize the total of the holding and ordering costs

Business

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Refer to the instruction above. Based on your calculations, would you recommend that Hardware and Toys be switched?

A) Yes, and this is an improvement of 100 — 300 in the weighted-distance (wd) score. B) No, the travel distances are the same. C) Yes, and this is a difference of over 300 feet in the weighted-distance (wd) score. D) We don't have enough information to determine this.

Business

The accounting records of Omar Corporation contained the following information for last year:  BeginningEndingDirect materials inventory$9,000 $7,000 Work in process inventory$17,000 $31,000 Finished goods inventory$10,000 $15,000   Manufacturing Costs IncurredDirect materials used$72,000Overhead applied$24,000Direct labor cost (10,000 hours)$80,000Depreciation$10,000Rent$12,000Taxes$8,000Unadjusted cost of goods sold (does not includeoverapplied or underapplied overhead)$157,000  Selling, General, andAdministrative Costs IncurredAdvertising$35,000 Rent$20,000 Clerical$25,000   The amount of direct material purchased during the year was:

A. $65,000 B. $66,000 C. $74,000 D. $70,000

Business

A thorough understanding of this personal finance book qualifies you to become a financial adviser

Indicate whether the statement is true or false.

Business

Which of the following is not a border property?

a) width b) style c) shape d) color

Business