The economic order quantity for a product is 500 units. However, new orders require five working-days lead time during which time 60 units will be used. Given this information, the correct economic order quantity is:
A) 507 units.
B) 500 units.
C) 440 units.
D) 560 units.
Ans: B) 500 units.
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As of November 14, Ben has an outstanding credit card balance of $1,100 from purchases made over the past month
The new billing period begins on November 15. Assume Ben's outstanding balance for the first 15 days of this new billing period (Nov. 15-29) is $1,100. Then on November 29, the financial institution receives a payment of $600 from Ben, reducing his balance to $500. This is the balance for the remaining 15 days. Using the average daily balance method and a monthly interest rate of 2.5%, Ben's finance charge would be A) $15.00. B) $12.50. C) $27.50. D) $20.00.
If a company was founded by a partnership, transition to the next generation may fail if the children of the partners
a. don't get along. b. are not the same sex. c. are different ages. d. all of the above.