Answer: Dr: increase in provision for bad debts of 16630
Cr: P & L a/c 16630
Explanation:
finally reduce the figure for a/c receivables by 21330
For this assignment, respond to each of the questions presented in that lecture. You do not need to submit a completed outcomes planning wheel for this assignment, but should use it in drafting your response to the questions.
What organizational goal is driving this training? · What will the benefit be? · What is the skill gap? · What competencies (knowledge, skills, or attitudes) will this program need? · What evaluation will be used to measure the level of goal achievement? · Who will be trained? · What is the estimated class size? · How many classes will there be and how long will this training last? · What are the knowledge and skill prerequisites? · What type of program is being proposed? · What media, if any will be used in the training? · What will happen if we do not deliver the training? · What are the restrictions or limitations for delivering a program? · What other methods may be used to reach the goal (include limitations and advantages)?
In the above case, a skill acquisition will be the aim of the program.
What organizational goal is driving this skill acquisition training?The purpose of skill acquisition is so that student can be able to learn one or more trade so that they can earn a living after school
What will the benefit be?The benefit of acquiring a skill is that one will be equipped with a lot of good resources and also the skill of financial management, one will have improved strategic planning and others.
What competencies will skill acquisition need?
It just need your presence, one's talents and expertise that has been obtained via education or or life experience.
What is the skill gap? Critical thinking/problem solvingPaying Attention to detail.Leadership. Teamwork. What evaluation will be used to measure the level of goal achievement?Output based on work done, practical work and result.
Who will be trained - student.
The estimated class size- 50 - 100
How many classes will there be and how long will this training last - 20 class and it will last 2 month.
knowledge and skill prerequisites -Ability to read and understand and also just come and you will be taught.
The type of program that is being proposed - skill and handwork training.
What media, if any will be used in the training - visual, media and communication tools will be used·
What will happen if we do not deliver the training - giving of certificates and graduation.
What are the restrictions or limitations for delivering a program - financial restriction.
What other methods may be used to reach the goal - use of the mass media for dissemination of information concerning the program. Its advantage is that it will benefit all and the disadvantage is financial constrain.
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What are hollow corporations? A. companies that market their products through franchisees B. companies that outsource all production to suppliers C. companies that have liabilities exceeding their assets D. companies that are horizontally integrated E. companies that do not have any physical presence and only operate online
Hollow corporations are b. companies that outsource all production to suppliers
What are hollow corporations?Hollow corporations can be defined as those companies that outsource their production to supplier, which means that they do not produce within the company but all production are carried out supplier .
Hence, the correct option is B, because hollow corporation tend to outsource all production to supplier.
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In addition to innovation, which strength can Accenture apply to help a global telecom solve security problems?
a.legitimacy and commercial experience
b.cadence expertise and closing experience
c.global experience and industry expertise
d.governance and tenancy knowledge
In addition to innovation, governance, and tenancy knowledge Accenture applies to help a global telecom solve security problems.
Irish-based Accenture is a provider of professional services. This business specializes in offering services in information technology, operations, strategy, and consulting. Accenture has the expertise to operate on even the most complicated customer issues and can find the most innovative solutions.
Accenture uses its expertise in governance, tenancy, and innovation to assist a multinational telecom with security issues. One of the biggest independent technology service companies around the globe is Accenture. The biggest technology businesses in the world, including Microsoft, and SAP, have partnered with this business. They are therefore familiar with every possible security issue that a telecom company may encounter.
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True or False The summer vpk programs are 300 program hours and require one teacher for every ten children
The correct answer is True, although the program is usually between 200-300 instructional hours
See explanation below
What are the summer vpk programs?Simply put, the summer vpk programs can be defined as a preparatory program usually between 200-300 instructional hours aimed at preparing children for Kindergarten school.
It should be noted that the summer vpk program is a voluntary service
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Two firms Apple and Samsung in the smart phone market have combined demand given by Q = 200 – P . Their total costs are given by TC Apple = 5 Q Apple + Q 2 Apple and TC Samsung = 5 Q Samsung + Q 2 Samsung . If they successfully collude, their total output will be: 45 units
Based on the profit functions of Apple and Samsung, their output if they successfully collude will be 65 units.
What is the total output if there is collusion?Because Apple and Samsung are two major producers of smartphones, collusion between them would increase their demand and allow them more control over their pricing.
In order to find out their total output after collusion, solve for their profit functions first.
Apple profit function:
= Price - (5Q - Q²)
= 200Q - Q² - Q(apple)Q(samsung) - 5(apple) - Q(apple)²
= 195Q(apple) - Q(apple)Q(samsung) - 2Qapple²
Samsung profit function:
= Price - (5Q - Q²)
= 195Q(samsung) - Q(apple)Q(samsung) - 2Qsamsung²
When differentiated, the formulas become:
2Qs + 4Qa = 195
4Qa + 8Qs = 390
After differentiating their profit functions, solve simultaneously to find out what their quantities would be to make profit.
This can then be solved simultaneously:
2Qs + 4Qa = 195
4Qa + 8Qs = 390
-6Qs = -195
Qs = 195/6
Qs = 32.5 units
Qa will be:
2Qs + 4Qa = 195
4Qa = 130
Qa = 32.5 units
Add up these units to find the total units between them.
The total units are:
= 32.5 + 32.5
= 65 units
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XYZ Co. manufactures bicycles. Demand for this year’s model is expected to occur at a constant annual rate of 9200 items. One bicycle costs $165. The holding cost is based on a 6% annual rate, and production setup costs are $420. The manufacturing plant has an annual production capacity of 16000 units. Acme has 280 working days per year, and the lead time for a production run is 3 days. Use the production lot size model to compute the following values:
a) Minimum cost production lot size
b) Number of production runs per year
c) Cycle time
d) Length of a production run
e) Maximum inventory
f) Total annual cost
g) Reorder point
a) The minimum production lot size is 884 units,
b) The number of production runs per year is 10 runs.
c) The cycle time is 30 days (10 x 3)
d) The length of a production run is 3 days.
e) The Maximum inventory is 653 units.
f) The total annual cost is $1,523,180.
g) The Reorder point is 99 units (33 x 3).
What is the production lot size model?The production lot size model is the same as the economic order quantity model, which is given as the EOQ = square root of: [2(setup costs)(demand rate)] / holding costs
The model shows the production lot size that minimizes total costs.
Data and Calculatiaons:Annual demand = 9,200 units
Unit product cost = $165
Holding cost = $9.90 ($165 x 6%)
Setup costs = $420
Annual production capacity = 16,000 units
Working days per year = 280 days
Lead time for a production run = 3 days
EOQ = square root of: (2 x $420 x 9,200)/$9.90
= square root of 780,606
= 884 units
Production runs per year = 10 (9,200/884)
Daily demand = 33 units (9,200/280)
Total annual cost = ($165 x 9,200 + 99 x $9.90 + $420 x 10)
= $1,523,180 ($1,518,000 + $980. + $4,200)
Maximum inventory = Reordering Level + Reorder Quantity – (Minimum Consumption x Reorder period)
= 99 + 884 – (33 x 10)
= 653 units
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During the current year, Mute Corporation expected to sell 22,700 telephone switches. Fixed costs for the year were expected to be $12,143,500, the unit sales price was budgeted at $3,350, and unit variable costs were budgeted at $1,480.
Mute's margin of safety (MOS) in sales dollars is: (Do not round intermediate calculations.)
Multiple Choice
$76,147,602.
$87,087,602.
$57,290,472.
$54,290,602.
$66,470,602.
The Mute's margin of safety (MOS) in sales dollars is: d. $54,290,602.
Margin of safetyFirst step
Breakeven=$12,143,500/( $3,350-$1,480)/$3,350
Breakeven=$12,143,500/$1870/$3370
Breakeven=$12,143,500/0.5548961424332
Breakeven=$21,884,275
Second step
Margin of safety:
Margin of safety=(22,700×$3350)-$21,884,275
Margin of safety=$54,290,602
The correct option is D.
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How do economic principles apply to online markets? For example, a consumer can purchase a movie as a DVD or through a streaming service. Are supply and demand the same with each format?
Generally, asking for something urgently and vehemently, as though by right.
In conclusion, In economics, strong demand and low supply lead to higher prices, whereas the reverse is true when the supply is high and the demand is low. Equilibrium prices exist for every item.
This approach is used by online merchants since each customer demands a product with varying levels of intensity. Because their need for the goods is more pressing than others, some customers are willing to pay more. Discounts, buy one, get one free, and limited-time offers allow them to influence customer demand.
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Accenture is helping a retail company increase efficiency in the management of customer transactions, payment processing, and answering customer queries using Machine Learning. The client uses blockchain technology to share data with their wholesale suppliers, delivery service providers, and customer organizations.
For the retail company, Blockchain will ensure only admins can modify the data being sent to the Machine Learning model.
What is Blockchain technology?Blockchain is a shared, unchangeable, and immutable digital ledger, duplicated and distributed across the entire network of computer systems.
Blockchain technology facilitates transaction recording and asset tracking.
Some other advantages of using the Blockchain technology include:
High-level securityTransparencyTraining data using the ML model.Thus, for the retail company, Blockchain will ensure only admins can modify the data being sent to the Machine Learning model.
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Question Completion:How will Blockchain ensure the integrity of the data sent to the Machine Learning model?
What methods can be used to predict demand for healthcare
The methods used to predict demand for healthcare are:
percent adjustment, 12-month moving average, trendlineseasonalized forecast. This is further explained below.What is healthcare?Generally, the administration of organized medical treatment to individuals or to a community of patients.
In conclusion, there are many other quantitative approaches for predicting, but the four most prevalent methods are the seasonalized forecast, the trendline forecast, the percent adjustment prediction, and the moving average of the last 12 months. The organization's recent historical need served as the foundation for each of these four approaches.
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Question: You have recently been appointed as a marketing manager for a marketing consultancy firm, and you have been asked to conduct a review of operations in your firm with a view to attracting new clients. In this context you have been asked to produce a brief report that gives details of:
a. Possible internal sources of data that you will refer to in your review of operations using suitable examples.
b. Possible external sources of data that you will refer to in your review of operations using relevant examples.
This question is about the correct source of data for a Marketing Strategy Report. See the possible list of sources below.
What are the possible internal sources of data that one will refer to in your review of operations?Sources to be used in this case are statistics relating to sales and marketing data. Examples are;
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Transportation is a big part of the logistics picture. Freight can represent 50% of your logistics cost and up to 10-20% of your retail price. In a world of “free shipping” every importer knows that freight is not free. According to statement, discuss the operational factors that effects the transportation modes.
Some of the operational factors that affect the transportation modes chosen for freighting goods include:
CostService ReliabilityService RegularitySafety.What are the transportation modes?Transportation modes refer to the means of transportation. They include:
RailRoadAirMarinePipelinesInter-modal transportation.However, the choice of a transportation mode is determined by the comparative cost, reliability, regularity, and safety of service.
Thus, when one is considering the choice of a transportation mode, the operational factors must be considered.
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explain controlling as a management task
Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates.
Verifying if everything happens in accordance with the plans adopted, the directions issued, and the principles established constitutes controlling. Controlling makes sure that organizational resources are used effectively and efficiently to accomplish the intended goals.
The managing role identifies deviations, tracks progress toward corporate goals, and suggests necessary corrective action. In order to make the appropriate decisions regarding each, Controlling entails the meticulous gathering of knowledge about a system, process, individual, or group of people.
Managers establish and communicate while performing the management function of controlling. performance criteria for individuals, organizations, and technology
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1. Write down D & S equations for wireless phones; include
two exogenous variables in each equation.
The D - equations for wireless phones: P = D (P,eA,eB)
The S- equation for wireless phones: Q = S (P,eA,eB)The Exogenous variable A = PriceThe Exogenous variable B = Population growth rateWhat is the equation about?The demand and supply relationship is one that differs in a lot of ways and often shown using a graph. Note that the upward slope of the curve on a graph shows the law of demand and the demand for wireless phones is one that can be affected by the amount of new mobile phone subscribers, the average cost of buying the wireless phone, and others.
Hence, The D - equations for wireless phones: P = D (P,eA,eB)
The S- equation for wireless phones: Q = S (P,eA,eB)The Exogenous variable A = PriceThe Exogenous variable B = Population growth rateLearn more about Demand from
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define formula p(1+i)n-p
Answer:
Or 1 hp =746 watt. Also, One Horsepower equals to 33,000 lb. ft/min. Horsepower formula is: Horsepower = \frac{Torque × speed}{ ...
Horsepower is a popular imperial unit of power of an engine. It is defined as the work done by a person or machine per unit amount of time. This term of Horsepower was invented by James Watt. It is a unit of power that compares the power of a machine to the muscle power of the horse.
In earlier days it was used to measure steam engine power output compared to the power of draft horses. But later on, its usage was expanded to different types of piston engines, electric motors, turbines, and other machinery.
Horsepower Formula
The formula for Horsepower calculation:
First, we will see some equations to help in calculating the horsepower:
Power = worktime
For the electric motors, we can calculate the power or horsepower from the torque and speed. For example, if we have a motor with 3,000 rpm and 6 in-lbf then the horsepower can be calculated below.
Horsepower = 300×663025
i.e. horsepower = 0.286
Here, 63025 is a constant when using rpm for speed and in-lbf for torque units. 5252 is another common constant if the speed is in rpm and torque is in ft-lbf. If the units are different then first we have to make the unit conversion.
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The derivation of these constants is as follows:
33,000 ft-lbf /min = 1 horsepower.
Though horsepower units is a derivative of the 33,000 ft-lbf / min, it is not critical to understanding how to calculate motor horsepower for speed and torque.
Another common but popular unit of power that motors are rated in is watts. The conversion from watts to horsepower is:
745.7 watts = 1 horsepower
Or 1 hp =746 watt.
Also, One Horsepower equals to 33,000 lb. ft/min.
Horsepower formula is:
Horsepower = Torque×speed5252
With another computation,
Horsepower = weight × velocity(234)2
Solved Examples on Horsepower Formula
Q.1: Determine the horsepower of a vehicle which moves with a speed of 500 revolutions per minute and has a torque of 100 pound-foot.
Solution:
Given parameters in the problem are:
Torque = 100 pound foot
Speed = 500 revolutions per minute
Now we may apply the Horsepower formula as below:
Horsepower = Torque×Speed5252
Substituting the known values, we get
Horsepower = 100×5005252
= 500005252
Horsepower = 9.52 HP
Therefore the horsepower of the engine of the vehicle will be 9.52 HP.
A free enterprise system provides individuals the opportunity to make their own economic decisions without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. It also requires entrepreneurs to rise or fall on their own without government support. Do you believe this type of economic system is more or less helpful, and why? Write an argumentative essay that explains your position.
A free enterprise system allows the supply and demand of consumers to determine the success or failure of an economic endeavor.
What is a free enterprise?It should be noted that a free enterprise simply means the freedom of individuals and businesses to regulation.
Here, free enterprise system provides individuals the opportunity to make their own economic decisions without restrictions.
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Answer:
C.
Explanation:
free enterprise system
If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $120 and the loss resulting from that unit if it is not sold (Co.) is $360, which of the following is the probability of the last unit being sold?
The probability of the last unit being sold is mathematically given as
x Greater than 0.75
What is the probability of the last unit being sold i?Generally, the equation forthe Probability is mathematically given as
[tex]P= P\leq C_{u}/(C_{u}+C_{o})[/tex]
Therefore
P = 120/(120+360)
P= 120/480
P=0.25
P represents the likelihood that a unit will not be sold, whereas 1-p represents the likelihood that a unit will be sold.
1-p = 1-0.25 = 0.75
In conclusion, The likelihood of the last unit selling should be higher than 0.75
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Company A has 800 employees, and it decides to grant each of the employees 50 share options as part of its new rewards plan. The options are exercisable over 5 years and subject to a 3-year service condition. The fair value of each option at the grant date is $16. The company estimates that 80% of its employees will meet the service condition required for receiving the options. Calculate the total share-based payment expense for Company A assuming that 80% of the employees actually meet the service condition.
The total share-based payment expense for Company A is mathematically given as
TS= $512,000.
What is the total share-based payment a expense for Company A?let number of Employees satisfying service condition be x
Hence
x= 800* 0.8
x=640.
let the total No of options Estimated to be exercised be y
y= 640*50
y=32000.
Generally, the equation for Total Share is mathematically given as
TS= The total number of options expected to be exercised Muiltiplied by Fair value
Therefore
TS= 32000* 16
TS= 512,000.
In conclusion, the total share-based payment expense for Company A
TS= $512,000.
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where is the depreciation expense located
Depreciation is recorded in the income statement like any other regular operating expense. If the three plants are used for production, the costs are included in the operating expenses section of the income statement.
Balance Sheet Depreciation
Depreciation is included on the asset side of the balance sheet to indicate the depreciation of fixed assets at a given point in time.
Depreciation is the cost of an asset that has been depreciated over a single period and indicates how much of the asset has been used up during the year. Accumulated depreciation is the total depreciation expense assigned to an asset since it was used.
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The money supply (Ms) in the economy is defined as the circulation of money (that consists of currency coins, paper notes, and bank balances) in the economy. Alternatively, the money supply refers to the safe assets that individuals and businesses hold for the purpose of either making payments or short-term investments.
The central bank in the economy has developed various measures of money of which the M1 and M2 are two measures. The M1 is the most liquid measure of money and is comprised of the currency, traveler’s check, and checking account deposits. Mathematically, M1 is derived as:
M1 = Currency + traveler check + checking account deposits.
The M1 is the most liquid form of money since the components included in it are easily convertible into cash without a loss in their original value.
M2 is a relatively broader measure of Ms but is also a relatively less liquid measure compared to M1. This is because M2 consists of currency, traveler’s checks, checking deposits, savings accounts, and money market mutual funds. As such, M2 is the sum of M1 and savings accounts and money market deposits. Mathematically, M2 can be described as:
M2 = M1 + savings accounts deposits + money market mutual funds.
Mutual funds are components of the M2 money supply while checking account balances are the components of the M1 money supply. When $2,000 are taken away from the mutual funds and deposited in the checking accounts, there would be an increase of $2,000 in the M1 money supply since the checking account component of M1 would increase by $2,000.
However, there would be no change in the M2 money supply because the withdrawal of $2,000 from the mutual funds would decrease the M2 by $2,000 initially. However, when this $2,000 amount is kept in the checking account, the M1 increases, and since M1 is also included in M2, M2 will increase by $2000. As such, the net effect in the M2 measure would be zero.
As the money supply consists of both currency & balances in different accounts, it is used by top financial institution to make economic decisions.
What is a money supply?This refers to the total amount of money such as cash, coins, balances in bank accounts that are in circulation in a year.
M1The M1 means the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.
M1 = Currency + traveler check + checking account deposits.M2The M2 is broader measure of Ms although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etc
M2 = M1 + savings accounts deposits + money market mutual funds.M3The M3 is broader measure of Ms as it includes M2 money as well as large time deposits, institutional money market funds, short-term repurchase agreements, larger liquid funds etc.
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Which of the following is not related to good agriscience management?
O Getting to work on time
Ensuring the rules are followed
Implementing environmental practices
Frievan
100
Ordering supplies and equipment
Da
1923
The term that is not related to good Agricultural management is Ordering supplies and equipment.
What is Agricultural management?Agricultural management can be regarded as the force that affect soil processes and functions.
This involves the rapid structural as well as the technological developments and new management practices to bring about good yield in production of crops and animal.
Some of the gricultural management practices that are common are;
Tillage and reconsolidationNo-tillage and surface residues Plants and crop rotations.IrrigationManure, and fertilization practices.Grazing management.It Should be noted that farm management as well as implemention of the decisions are needed in organizion and operation of a farm so as to be able to maximize production as well as profit.
Farm management do utilizes the agricultural economics to get information on prices as well as markets situation.
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Answer:
A - Getting to work on time
Explanation:
I took the test and got it right.
Evaluating the possible positive and negative outcomes of different
economic decisions is called:
A. marginal cost analysis.
B. cost-benefit analysis.
C. revenue projection analysis.
D. opportunity cost analysis.
Answer:
marginal cost analysis
is natalie davis actively involved in the decisions of the business woolworths
Yes, Natalie Davis is actively involved in the decisions of the business Woolworths.
The Board of Directors has a unified structure, consisting of an independent chairman, senior independent directors, a chief executive officer, and an appropriate number of executive and non-executive directors, with a majority of non-executive directors.
The company employs approximately 5,610 people, operates in Australia, New Zealand, Hong Kong, Singapore, and South Africa, and is managed by its headquarters in Burnley, Victoria. Woolworths International (Australia) is a wholly-owned subsidiary of South Africa-based Woolworths Holdings Limited.
Woolworths' food strategy focuses on its three key principles: Growth: Innovate to meet more demands from these customers. When. Efficiency: Bring more benefits to your customers through efficient organization and the introduction of a lean retail model.
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Question2
Given below is information about three RM1000 par value bonds, each of which pays coupon semiannually. The required rate of return on each bond is 12%. Calculate the value of the bonds and determine whether the bond is selling at discount, premium or par value.
Bond Coupon Rate (%) Maturity (years)
1 10 5
2 12 10
3 14 15
The value of bond 3 is RM1137.65
This bond 3 is selling at a premium since the coupon rate(14%) is higher than the required rate(12%) orSince the bond value(1137.65) is more than its par value(1000)
Bond 3:
Coupon rate = 14% = 0.14
Coupon payment = Coupon rate*Face value/ Number of compounding periods in a year
CPN = 0.14*1000/2 = 140/2 = 70Number of years till maturity = 15 years
Number of periods till maturity = N = 15*2 = 30
We know that the price of the bond is given by the following formula,
P = CPN*(1/y)*(1-(1/(1+y)^N)) + FV/(1+y)^N
Substituting the given values in the above equation,
we get
P = 70*(1/0.06)*(1-(1/(1+0.06)^30)) + 1000/(1+0.06)^30
P = 70*(1/0.06)*(1-(1/(1.06)^30)) + 1000/(1.06)^30
P = 70*(16.6667)*(1-(0.943396)^30) + 1000*(0.943396)^30
P = 70*(16.6667)*(1-0.17411) + 1000*(0.17411)
P = 70*(16.6667)*(0.82589) + 1000*(0.17411)
P = 963.54 + 174.11
P = 1137.65
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Discuss the negative effect of technology on work-life balance
How do you determine when a business is not succeeding, and how do you determine what needs to change?
A company's management and leadership determine success or failure of business. The management and leadership of a company are two of the most important factors that determine its success or failure. Successful businesses hire managers and leaders who understand the organization's vision and know how to put it into action; such leaders can also motivate employees and align them with the company's vision.
According to the National Business Association, the majority of businesses fail due to poor management and a failure to hire professionals in areas where they require assistance. When comparing successful and unsuccessful business ventures, one of the most noticeable differences is the importance and effectiveness of leadership.
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Why are ethical concerns important issues when designing service pricing and revenue management strategies? What are potential consumer responses to service pricing or policies that are perceived as unfair?
Ethical concerns are important issues because service pricing schedules are intricate that it makes it easy for organizations to engage in unscrupulous manner.
What is ethics?It should be noted that ethics simply means the ability to know what's right from what's wrong.
In this case, ethical concerns are important issues because service pricing schedules are intricate that it makes it easy for organizations to engage in unscrupulous manner.
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Companies might easily engage in dishonest practices due to the complexity of service pricing schedules, making ethical considerations significant.
Why do we need ethics?Ethics may be defined as the capacity to distinguish between what is right and what is wrong.
In conclusion, Service pricing schedules are so complex that it's simple for businesses to act unethically, which raises ethical questions.
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Mentoring and coaching do not contribute to business performance. Discuss.
Each year, more than ___________children age 4 and under die from poisoning from
household products and medicines?
Answer:
Explanation:
45%
Each year, more than 42% of children age 4 and under die from poisoning from household products and medicines.
What is poisoning?
Poisoning refers to the ingredients or the substances which are injurious to health or can cause death. It can cause the immediate death of the person. These substances are Alcohol, Berries and Seeds, Carbon Monoxide, Food Poisoning, Hazardous Chemicals etc.
Children under the age of five make up 42% of poisoning exposures, whereas adults over the age of 19 account for 93% of poisonings that are not fatal and 42% of those that are fatal.
Each year in the United States, Approximately between 2 and 4 million actual poisonings occurs. In which Approximately 90% of poisonings occur in the home.
Therefore, 42% of children age 4 and under die from poisoning from household products and medicines.
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The two most basic inventory questions answered by the typical inventory model are:.
The two most basic inventory questions answered by the typical inventory model are the timing of orders and order quantity
What is the timing of orders and order quantity?
The time elapsed between the start of a stock replenishment activity and the submission of a requisition or order. The amount of time that passes between the submission of a requisition or order and the shipment of material by the supplying activity is known as timing of orders.
Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity in inventory management that minimizes overall holding costs and ordering expenses. It is one of the most ancient traditional production scheduling models.
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