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The basic EOQ model is depends on the subsequent assumption:
1) The forecast usage or demand for a specified period, usually one year, is identified
2) The usage/demand is even during that period
3) Inventory orders can be replenished immediately because there is no delay in placing and receiving orders.
There are two distinguishable costs related with inventories: costs of demanding and costs of carrying.
Figure 1 demonstrates a graph illustrating the behaviour of the carrying cost, the ordering cost and the total of these two costs. The carrying cost varies directly along with the order size as the average level of inventory is one-half of the order size, while the ordering cost varies inversely along with the order size.
1 The entry establishing a $175 petty cash fund would include a: a) debit to cash for $175 b) credit to Petty cash for $175 c) debit to petty cash for $175 d) debit to miscellaneou
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Establish a budget and allocate funds in accordance with statutory and organisational requirements
First's current stock price is $260. The price may rise to $300 or fall to $170 in one month. The risk-free interest rate is 18% per year. a. Using the replication portfolio app
what are assets?
Q. Responding to various stakeholder groups? If a company has a solitary objective in terms of maximising profitability then it is only responding to one stakeholder group name
The statement of comprehensive income for the year ended 31 December 2009 and its comparative is shown below: 2009 2008 $m
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Berg Company adopted a stock-option plan on November 30, 2013, that provided that 73,200 shares of $5 par value stock be designated as available for the granting of options to offi
PROPERTY TRANSFERRED BEFORE BANKRUPTCY (a) Voluntary settlements : The trustee can claim all property settled by the bankrupt on other persons within two years preceding the
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