Ratios can be expressed as fractions:
1:6 can be written as 1/6
2:11 can be represented as 2/11
We can find an equivalent fraction with a common denominator to compare:
1/6 equals 11/66
2/11 equals 12/66
Since 11 is less than 12, there are fewer men on Tuesday.
Therefore, more women should be present on Tuesday.
(i) The units to be ordered each time: 2,828 units. (ii) Average inventory will be 1,414 units. (iii) With an increase in lead time, the minimum stock requirements will be less than the EOQ, thus extending lead time won't alter the EOQ.
Answer:
Supplier Relationship Management
Explanation:[[TAG_9]][[TAG_10]]Supplier relationship management focuses on engaging and overseeing third-party vendors that supply goods, services, and materials to an organization. Select suppliers based on their cost-effectiveness and cooperativeness to enhance the value of the relationship. This is the system that Betty aims to implement.[[TAG_11]]
Response:
The total value of Treasury stock at the end amounts to $85,000
Clarification:
Data Provided:
The amount of treasury stock purchased = 15,000 at $17 each
and the number of treasury stock sold = 10,000
Calculations:
Total cost of purchased treasury stock = 15,000 × $17
which equals $255,000
The proceeds from selling the treasury stock = 10,000 × Purchase price
which is 10,000 × $17
leading to $170,000
To compute the final dollar amount of Treasury stock:
Dollar amount of Treasury stock at the end = Total purchased - Total sold
which simplifies to $255,000 - $170,000
thus resulting in a final amount of $85,000