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bank reserves increase by $5,000 when the rrr is 15%. the banks initially hold an additional 1% as excess reserves but then lend out all excess reserves so that the actual reserves are equal to the required reserves. by how much does the money supply increase when the banks change from 1% to 0% excess reserves?
The money supply increases by $312.50 when the banks change from 1% to 0% excess reserve.
What is the excess reserve?Excess reserve refers to the additional capital reserve held by a commercial financial institution above the required reserve ratio.
The required reserve ratio (RRR) is the minimum ratio of deposit liabilities that financial institutions are mandatorily required by regulators, creditors, or internal controls to hold for emergencies.
Excess Reserves = Total Reserves - Required Reserves.
Increase in bank reserves = $5,000
Required reserve ratio (RRR) = 15%
Excess reserve = 1%
Total reserve = 16% (15% + 1%)
If the total reserve $5,000 = 16%, 1% excess reserve = $312.50 ($5,000/16% x 1%)
Thus, we can conclude that when excess reserves decrease to 0%, the money supply increases by $312.50.
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What is analysis that focuses on the ways in which processes can be designed to optimize interaction between firms and their customers?.
Product life cycle analysis that focuses on the ways during which processes will be designed to optimize interaction between firms and their customers.
A product life cycle analysis could be a popular tool to use as a part of the strategic analysis step within the general strategic planning process. one in all the parts of the resource audit is "markets". This analysis may be performed in greater detail using the merchandise life cycle. The product life cycle analysis could be a technique accustomed plot the progress of a product through its era. The model may be accustomed assess a personal firm's products (e.g. the iPod Classic), a sort of product (e.g. CRT televisions) or an industry (e.g. movies).
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1) Using the case to respond, assess three reasons why several international companies are recruiting (woo-ing) their executives from "Third Country Nationals" TCN’s
There are several reasons why international companies are recruiting Third Country Nationals (TCNs) for executive positions including cost-effectiveness, cultural knowledge and language proficiency
Cost effectiveness: Often, TCN's are willing to work for lower salaries than their counterparts in the home or host country. This can save the company a significant amount of money in terms of labor costs.Cultural knowledge: TCN's often have a deep understanding of the culture and customs of the host country, which can be invaluable for an international company. This can help the company navigate cultural differences and avoid potential pitfalls.Language proficiency: Many TCN's are multilingual, which can be a huge asset for an international company. Being able to communicate effectively with employees, customers, and other stakeholders in multiple languages is crucial for the success of a global business.Learn more about International companies:
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why is it difficult to conduct a quantitative risk assessment for an it infrastructure?
Conducting a quantitative risk assessment for an IT infrastructure can be difficult due to various reasons. One of the main reasons is the constantly evolving nature of technology.
IT systems are constantly being updated and changed, which makes it difficult to keep up with the latest risks and vulnerabilities. Additionally, the interconnected nature of IT systems means that one small vulnerability can have a ripple effect throughout the entire system, making it difficult to accurately assess the overall risk. Another challenge is the sheer volume of data that needs to be analyzed in order to conduct a quantitative risk assessment. This data can include everything from system logs to user behavior, and analyzing it all can be time-consuming and complex. Finally, the lack of standardization in the IT industry makes it difficult to compare and benchmark risk assessments across different organizations. Overall, conducting a quantitative risk assessment for an IT infrastructure requires a significant amount of expertise, resources, and time.
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Which person used a cost-saving strategy when deciding how to spend their money?
a. when selecting a new tablet, Rosita carefully read about the features of each model.
b. when purchasing a new jacket, Thao chose the one that was manufactured locally.
c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.
d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
will give brainliest!
The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.
What is cost-saving stategy?The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business
What is a dirt bike?The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.
Hence, option D is the correct answer
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Consider your own career-related goals and dreams for the future—what are they? Briefly explain your career goals as they are today. Then, identify a specific professional organization that could benefit your pursuit of these goals. Evaluate how you might benefit from joining this organization.
Answer:
As an engineering student, my career goal is to work as a professional engineer in a reputed organization. I want to specialize in the field of renewable energy and work towards developing sustainable solutions for our planet's energy needs. My dream is to contribute towards the development of green technologies that can help reduce our carbon footprint and promote a cleaner environment.
One specific professional organization that could benefit my pursuit of these goals is the Institute of Electrical and Electronics Engineers (IEEE). This organization is dedicated to advancing technology for the benefit of humanity and has a specific focus on renewable energy and sustainable development.
By joining IEEE, I could benefit in several ways. Firstly, I would have access to a network of professionals and experts in the field of renewable energy, which could provide me with valuable guidance and mentorship. I would also have access to a range of educational resources, including conferences, seminars, and publications, which could help me stay up-to-date with the latest developments in the field.
In addition, being a member of IEEE would enhance my credibility as a professional engineer, and it could help me build a strong reputation in the industry. This could lead to potential career opportunities, and it could help me achieve my long-term career goals. Overall, joining IEEE would be a valuable investment in my future as an engineer and could help me make a positive impact on the world.
Explanation:
If you wait until you're 45 to begin investing, how much money will you need to invest, just for retirement, per
year
Answer:
It is difficult to give a specific amount that you would need to invest per year if you start investing at age 45 for retirement, as this will depend on a number of factors such as your retirement goals, the amount of money you will need to live on during retirement, the age at which you plan to retire, and your expected investment returns.
In general, it is recommended to start saving and investing for retirement as early as possible, as this will give you more time to grow your money through compound interest. The longer you have to save, the less you will need to save each year to reach your retirement goals. For example, if you start investing at age 25 and plan to retire at age 65, you will have a longer time horizon than someone who starts investing at age 45 and plans to retire at the same age.
To determine how much you should be investing for retirement, you can use a retirement calculator to input your specific retirement goals and assumptions about your investment returns. This will give you an idea of how much you should be saving each year to reach your retirement goals.
It is also a good idea to consult with a financial planner or advisor, who can help you develop a personalized retirement plan based on your individual circumstances and goals.
Explanation:
In addition to needs, what should you plan for first when
creating a budget?
Answer: recurring expenses
Explanation:
Which type of wholesaler offers a relatively narrow range of products but has an extensive assortment within the product lines carried
The type of wholesaler that offers a relatively narrow range of products but has an extensive assortment within the product lines carried is known as a specialty wholesaler. Specialty wholesalers typically focus on a particular category of products or serve a specific market segment.
While they offer a narrow range of products, specialty wholesalers offer an extensive assortment within that product line. This means that they carry a wide variety of brands, styles, sizes, and variations within their product category. This allows them to cater to the specific needs and preferences of their target market and offer a more personalized service to their customers. Specialty wholesalers often work closely with manufacturers to ensure that they have the latest products and trends in their niche market.
They also offer a high level of expertise and knowledge about their products, which can be valuable to retailers who may not have as much expertise in that particular product category. In summary, specialty wholesalers are ideal for retailers who want to offer a specific product category with a wide variety of options. They provide personalized service, expertise, and up-to-date product knowledge to help retailers make informed buying decisions.
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Kristoffer needs to create cell names that match the column headings he has already created. Select the correct navigational path to set those names using the Create from Selection command. Click on the tab on the ribbon and look in the Defined Names gallery.
Answer:
formula
create from selection
top row
Explanation:
just took the question on edge
The correct navigational path to create cell names that match the column heading using the Create from Selection command is: Click on the Formula tab on the ribbon and look in the Defined Names gallery. Select the range of cells, including the row that includes the name you wish to use. Select Create from Selection. Select Top row and click OK.
What is a cell?Cells are the boxes that appear in an Excel worksheet's grid. On a worksheet, each cell is identified by its reference, the column letter and row number that intersect at the cell's location.
Instead of creating cell names one by one, "Create from Selection" tool can be used to create cell names from a selection. The tool is in the "Defined Names" group of the Formulas menu.
Therefore, the correct path for using the Create from Selection command is first to click on Formula tab and look in the Defined Names gallery. Then select the range of cells, including the row that includes the name wish to use. Select Create from Selection. Select Top row and click OK.
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Taxes on products that have been deemed unsafe or undesired (alcohol and tobacco) are called.
a regressive tax
a regressive tax
an import tax
an import tax
a sin tax
a sin tax
a progressive tax
Taxes on products that have been deemed unsafe or undesired (alcohol and tobacco) are called sin tax.
What is tax?Tax is when the government levies a certain percentage on certain goods and services. Taxes increase the price of goods and services.
Sin tax is a tax levied on goods that are deemed unsafe. Its purpose is to discourage the consumption or use of these unsafe products.
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on january 6, year 1, bulldog co. purchased 34% of the outstanding stock of gator co. for $212,000. gator co. paid total dividends of $24,000 to all shareholders on june 30. gator had a net loss of $56,000 for year 1. journalize bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in gator co. stock. compute the balance of investment in gator co. stock on december 31, year 1. how does valuing an investment under the equity method differ from valuing an investment at fair value?
Journal entry is a method of recording all the transactions occured in a business during a given accounting period. To record journal entry in the books of Bulldog Co.'s during the year end 31st December is as follows:
Investment in Gator Co. Stock A/c Dr. $212,000
Cash A/c Cr. $212,000
(Being stock purchased)
Cash A/c Dr. $8,160 (34% of $24,000)
Dividend Income A/c Cr. $8,160
(Being receipt of dividend recorded)
Equity Loss in Gator Co. Stock A/c Dr. $ 19,040 (34% of $56,000)
Investment in Gator Co. Stock A/c Cr. $19,040
(Being adjusting entry for the equity loss recorded)
2. To calculate balance on Investment:
Beginning balance = $212,000 (Initial purchase)
Add: Net loss = $19,040 (34% of $56,000)
Less: Dividends received = $8,160 (34% of $24,000)
Balance of investment:
$212,000 + $19,040 - $8,160
= $222,880
Therefore, the balance of the investment in Gator Co. stock on December 31, Year 1 is $ 222,880.
3. Valuation of investment under the equity method differs from fair value method in following ways:
Under equity method, investors record their share of the investee's net profit or loss and adjust their investment accounts accordingly. Investors also recognize a portion of the dividends received as dividend income. Investment account balances reflect an investor's ownership interest in the net assets of the company.
Under fair value method, investors value their investments at fair value. Fair value is the price received to sell an investment in an orderly transaction between market participants. Changes in the fair value of investments are recognized in the investor's income statement. The fair value method focuses on the market value of an investment rather than the financial performance.
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Given that number of daily purchases and if your average round-up was $0.50, how much would you end up investing...
Per day
Per month
Per year
Amount Invested per Day = (Number of Daily Purchases x $0.50)
Amount Invested per Month = (Number of Daily Purchases x $0.50) x 30
Amount Invested per Year = (Number of Daily Purchases x $0.50) x 365
What is an Investment?An investment is known an asset or item acquired with the goal of generating income or appreciation. Investments are generally made to earn a return on the money or asset, increase one's wealth, or to generate a profit.
In order to calculate the amount invested per day, month and year when an average round-up of $0.50 is applied to the number of daily purchases, the following formula can be used:
Amount Invested/Day = (Number of Daily Purchases x $0.50)
Amount Invested/Month = (Number of Daily Purchases x $0.50) x 30
Amount Invested/Year = (Number of Daily Purchases x $0.50) x 365
For example, if one made 10 daily purchases, the amount invested would be calculated as follows:
Amount Invested/Day = (10 x $0.50) = $5
Amount Invested/Month = (10 x $0.50) x 30 = $150
Amount Invested /Year = (10 x $0.50) x 365 = $1,825
This formula can be used to calculate the amount invested for any given number of daily purchases and an average round-up of $0.50.
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created when a sample is collected with some members not as likely to be chosen as others is called
In statistics, sampling bias is a bias in which a sample is collected in such a way that some members of the intended population have a lower or higher sampling probability than others.
Let's examine whether sample bias exists and whether we can trust the sample to be a good representation of the entire population. Sample bias is when a researcher favours one segment of the population over another while selecting a sample from a population. Sample bias exists if the sample's findings cannot be regarded as representative of the entire population. We CANNOT readily rely utilising the sample as representative of the entire population because sampling bias prevents the results from being an accurate depiction of the population.
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Burger Bomb is a new hamburger restaurant. In order to compete successfully against its many competitors, Burger Bomb has decided to focus on quality and an interesting, unique menu that uses locally sourced, organic ingredients. This is known as Burger Bomb's ______.
Answer: Strategy
Explanation:
The strength and sustainability of a business is dependent on it's strategy. Strategy is defined as method or pattern of doing a task to make it unique or different from what is obtainable most times. Most new or old businesses thriving today are strengthened by how strategic they have been.
Give an in-depth example of a Market System.
A market system is an economic system that relies on the private ownership of goods and services, in which production, consumption, and resource allocation decisions are driven by the market forces of supply and demand.
An example of a market system can be seen in the technology industry, specifically with smartphones. Companies like Apple, Samsung, compete to produce the best smartphones with advanced features. The market is driven by consumer demand, which is determined by a variety of factors such as brand loyalty, price sensitivity, and the quality of features.
These companies allocate resources by investing significant amounts of money into research, development, and marketing campaigns to attract consumers. The suppliers of raw materials such as silicon, glass, and plastics benefit from the market by providing necessary components to the smartphone manufacturers.
Consumers have the freedom to choose from a variety of options based on their preferences and budget constraints, which results in a constant evolution of features and innovation within the industry. The market also determines the price of smartphones, which can fluctuate based on supply and demand. Overall, the market system in the smartphone industry allows for a dynamic and competitive ecosystem that benefits both producers and consumers.
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under accrual-basis accounting, which of the following result in an expense being recorded in may?
a. The company pays cash in April for supplies in May.
b. The company pays cash in June for salaries earned in May.
Under accrual-basis accounting, option B would result in an expense being recorded in May.
The correct option is b. The company pays cash in June for salaries earned in May.
Accrual-basis accounting recognizes revenue and expenses when they are earned or incurred, regardless of when cash is received or paid. In option A, even though the company pays cash in April for supplies in May, the expense would be recorded in May when the supplies are actually used or consumed. This is because the expense is recognized when the supplies are received and consumed, not when the cash payment is made.
In option B, when the company pays cash in June for salaries earned in May, the expense would still be recorded in May. This is because the salaries were earned in May, and under accrual accounting, expenses are recognized when they are incurred, not when the cash is paid. Therefore, the company would record the expense in May, even though the cash payment is made in June.
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which statement describes a main advantage of using cash over other forms of payment
The main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
How does cash eliminates overspending?While doing a physical transaction, there will not be a situation of overspending because the person can not purchase more than the cash value he/she has on him/her.
Hence, the main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
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If the long-run market supply curve for a perfectly competitive market is upward sloping, then this industry exhibits _____ costs. increasing decreasing constant an absence of marginal
When a perfectly competitive market has a long-run market supply curve that is upward sloping, then that market has increasing costs.
A market supply curve that is upward sloping means that:
Costs increase as production quantity increases Suppliers will produce more if prices rise as wellIn such a market, suppliers face increasing costs as they produce more which is why they will demand higher prices in order to produce more so that they can cover their costs.
In conclusion, such a market will have increasing costs.
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What are the two methods of revenue recognition?
Sales-basis accounting: Revenue is recorded at the point of sale, which is the time when ownership of the goods or services passes to the customer. Finished-contract approach: Only when the contract has concluded are revenues and costs documented.
What are the procedures for recognizing revenue?sales-based approach. You can recognize income using the sales-basis technique as soon as a sale is made.
Finished-Contract approach.
installment strategy
Recoverability of costs approach.
technique of completion percentage.
What are the two requirements for recognizing revenue?In this case, revenue is recognized when all four of the standard revenue recognition requirements are satisfied: (1) that the price can be set; (2) that collection is probable; (3) that there is convincing evidence of an arrangement; and (4) that delivery has taken place.
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Can I please please get help this is do in 10 mins please please help!!!!!!!!
This noncancelable lease had the following terms: Lease payments: $3,402,858 semiannually; first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025. Lease term: 5 years (10 semiannual payments). No residual value; no purchase option. Economic life of equipment: 5 years. Implicit interest rate and lessee's incremental borrowing rate: 10% semiannually. Fair value of the computers at January 1, 2021: $23 million. What is the interest revenue that Technoid would report for this lease in its 2021 income statement
Answer:
$1,838,564
Explanation:
Calculation to determine the interest revenue that Technoid would report for this lease in its 2021 income statement
First step is to determine the interest for the first six months:l
Interest for the first six months=($23,000,000-$3,402,858)*5%
Interest for the first six months=$979,857
Second step is to Interest for the Second six months
Interest for the Second six months=($23,000,000 - $3,402,858 - [$3,402,858 - $979,857) × 5%
Interest for the Second six months=($19,597,142-2,423,001)*5%
Interest for the Second six months=$17,174,141*5%
Interest for the Second six months=$858,707
Now let determine the interest revenue
Interest revenue =$979,857+$858,707
Interest revenue =$1,838,564
Therefore the interest revenue that Technoid would report for this lease in its 2021 income statement is $1,838,564
1. Identify the three types of duties that CBP assesses and how the duty is calculated under each type of duty.How does one protest a duty/liquidation?
The three types of duties that CBP assesses and how the duty is calculated under each type of duty are as follows:Ad valorem duties: Ad valorem duties are levied as a percentage of the customs value of the imported product, such as 10% of the value of the imported product.
Specific duties: Specific duties are levied at a specific rate per unit of measure, such as per kilogram or per meter.A combination of ad valorem and specific duties: A combination of ad valorem and specific duties is assessed on imported goods under this category, with the rate being a mix of both. For example, a product with a value of $10,000 could be charged a 5% ad valorem duty, as well as a $1 per kilogram specific duty for a total of $15,000 ($10,000 x 5% + $1 x 5,000 kg).
Protesting a duty/liquidation: To protest a duty/liquidation, one must submit a written protest to CBP within 180 days of the liquidation of the goods. The protest must contain a description of the merchandise, the classification of the merchandise, the amount of the duty that is in dispute, and a legal or factual argument. The protest must be signed by the importer or their legal representative, and it must be filed with the port director where the entry was filed. The CBP will examine the protest and issue a ruling, which can be appealed if necessary.
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a competitive advantage based on location blank . multiple choice question. is unsustainable because customer service is more important is sustainable when the retail location is close to similar stores is unsustainable because location is unimportant is sustainable when real estate is difficult or expensive to obtain
A competitive advantage based on location is sustainable when real estate is difficult or expensive to obtain. The correct answer is D.
This is because when the cost of real estate is high, businesses are forced to carefully consider their location and choose one that will provide them with the most benefit.
For example, a restaurant located in a prime downtown area will likely have a higher customer base than a restaurant located in a rural area. Additionally, when real estate is difficult to obtain, businesses may have a monopoly on a specific location, giving them a competitive advantage over others in the same industry.
However, it's important to note that a competitive advantage based solely on location may not be sustainable in the long run. Customer service, product quality, and overall brand image are all factors that play a crucial role in maintaining a competitive advantage.
This is because having a prime location can give a business better access to customers, resources, and other important factors for success.
When real estate is difficult or expensive to obtain, it can be challenging for competitors to secure a similar location, which allows the business with the advantageous location to maintain its competitive edge. Therefore, having a prime location can be a sustainable competitive advantage, especially when real estate is hard to acquire.
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Complete question:
a competitive advantage based on location blank. multiple choice question:
a. is unsustainable because customer service is more important
b. is sustainable when the retail location is close to similar stores
c. is unsustainable because location is unimportant
d. is sustainable when real estate is difficult or expensive to obtain
help me to answer thi Q! Thanks!
martin company purchases a machine at the beginning of the year at a cost of $80,000. the machine is depreciated using the double-declining-balance method. the machine’s useful life is estimated to be 4 years with a $6,600 salvage value. depreciation expense in year 4 is:
The machine’s useful life is estimated to be 4 years with a $6,600 salvage value. The depreciation expense for year 4 is $36,700.
The depreciation expense in year 4 can be calculated using the double-declining-balance method. Let's break it down step-by-step:
1. Determine the machine's depreciable cost:
Depreciable cost = Cost of the machine - Salvage value
Depreciable cost = $80,000 - $6,600
Depreciable cost = $73,400
2. Calculate the depreciation rate:
Depreciation rate = (2 / Useful life in years) * 100%
Depreciation rate = \((2 / 4) * 100\)%
Depreciation rate = 50%
3. Determine the depreciation expense for year 4:
Depreciation expense = Depreciable cost * Depreciation rate
Depreciation expense = $\(73,400 * 50\)%
Depreciation expense = $36,700
Therefore, the depreciation expense for year 4 is $36,700.
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A friend of yours is trying to insert a Table of Contents into Word, using the option in the References tab, but the table is empty. What mistake has your friend probably made?
The Table of Contents in Word is generated based on the heading styles applied to the text.
What is the use of the reference tab?The References tab is a section in Microsoft Word that contains tools and commands for adding and managing citations, footnotes, endnotes, and bibliographies. It is located in the ribbon interface and includes tools such as Insert Citation, Manage Sources, Insert Footnote/Endnote, Table of Contents, Captions, Index, and Bibliography.
To apply a heading style to a text, select the text and click on the appropriate heading style in the Home tab or apply keyboard shortcuts. Once the text has been formatted, the friend can update the Table of Contents by right-clicking on it and selecting "Update Table of Contents".
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What is the present value of the following cash flow stream at a
rate of 7.0%? Years: 0 1 2 3 4 CFs: $0 $1,500 $3,000 $4,500 $6,000
a. $12,273 b. $14,256 c. $11,878 d. $12,916 e. $12,490
Rounding to the nearest dollar, the correct option from the given choices is: c. $11,878
To calculate the present value of the cash flow stream provided at a rate of 7.0%, we need to discount each cash flow to its present value and then sum them up. The formula to calculate the present value of a cash flow is:
PV = CF / (1 + r)^n
Where:
PV = Present value
CF = Cash flow
r = Interest rate per period
n = Number of periods
Using this formula, we can calculate the present value for each cash flow and sum them up:
PV = 0 / (1 + 0.07)^0 + 1500 / (1 + 0.07)^1 + 3000 / (1 + 0.07)^2 + 4500 / (1 + 0.07)^3 + 6000 / (1 + 0.07)^4
Calculating this expression will give us the present value of the cash flow stream. Rounding to the nearest dollar, the correct option from the given choices is: c. $11,878
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A country with a small per capita gross domestic product (GDP) 4 O is economically healthy. O is efficient.. O produces too much. O has high income. O has low living standards.
The statement "A country with a small per capita gross domestic product (GDP) is economically healthy" is not necessarily true.
Per capita GDP is calculated by dividing the total GDP of a country by its population, and it provides an estimate of the economic output per individual in the country.
A small per capita GDP could indicate several things about a country's economic health. It could mean that the country has a relatively low level of economic development, limited access to resources, or inefficient use of available resources. This could lead to low levels of income, high poverty rates, and low living standards.
Alternatively, a country with a small per capita GDP could be efficient in how it uses its resources, producing goods and services that are in high demand and generating sufficient income to support its population.
Therefore, the statement is incomplete and needs further information or context to determine whether a country with a small per capita GDP is economically healthy or not. A country's economic health should be assessed based on several factors beyond just its per capita GDP, such as employment rates, inflation, poverty rates, infrastructure, education, healthcare, and more.
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A store has collected the following information on one of its products:
Demand = 5,000 units/year
Ordering costs = $12/order
Holding costs = $4/unit/year
Lead-time = 5 days weeks
Unit cost = $748/unit
Number of weeks per year = 50 weeks
The firm currently orders 500 units per order. What is the total cost of ordering and holding these goods under this system?
Determine their economic order quantity, (using the new EOQ), determine the cost of ordering and holding goods
The total cost of ordering and holding goods under this system is $51,000. The Economic Order Quantity (EOQ) is 223.6068 units. The cost of ordering and holding goods is $3358.6019.
The total cost of ordering and holding goods under this system can be calculated using the following formula:
Total cost = [(Demand x Ordering cost) / EOQ] + [(EOQ x Holding cost) / 2]
Where,
Demand = 5,000 units/year
Ordering costs = $12/
order
Holding costs = $4/unit/year
EOQ = ?
The unit cost = $748/unit
Number of weeks per year = 50 weeks
Plugging the given values into the formula, we get:
Total cost = [(5000 x 12) / 223.6068] + [(223.6068 x 4) / 2]
= 60000/223.6068 + 894.4268
= $268.11 + $894.43 = $1,162.54
The Economic Order Quantity (EOQ) can be calculated using the following formula:
EOQ = √[(2 x Demand x Ordering cost) / Holding cost]
Plugging in the given values into the formula, we get:
EOQ = √[(2 x 5000 x 12) / 4]
= √[60000]
= 223.6068 units
The cost of ordering and holding goods can be calculated using the following formula:
Cost of ordering and holding goods = EOQ x Unit cost + [(Demand/EOQ) x Ordering cost] + [(EOQ/2) x Holding cost]
Plugging in the given values into the formula, we get:
Cost of ordering and holding goods = 223.6068 x 748 + [(5000/223.6068) x 12] + [(223.6068/2) x 4]
= 167363.1664 + 267.9465 + 446.8136
= $167,077.93
Therefore, the total cost of ordering and holding goods is $51,000. The Economic Order Quantity (EOQ) is 223.6068 units. The cost of ordering and holding goods is $3358.6019.
Learn more about Economic Order Quantity (EOQ): https://brainly.com/question/9068415
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