Answer:
Total cost = Sum of ordering costs + Sum of holding costs
Total cost = DCo + QH
Q 2
Where
D = Annual demand
Co = Cost of ordering per order
Q = EOQ
H = Cost of holding per item annually
D = 40,000 units
Co = $48
H = 18% x $8.00 = $1.44
EOQ = √(2DCo)/H
EOQ = √(2 x 40,000 x $48)/$1.44
EOQ = 1,633 units
Explanation:
EOQ is derived by multiplying two times the annual demand and ordering cost, which is divided by holding cost per item on an annual basis. The annual holding cost is determined as the product of the holding rate and unit cost.
Answer:
Theory X management style
Explanation:
Theory X management revolves around the assumptions about the typical laborer. This management theory posits that the average employee is unmotivated, irresponsible, and driven solely for specific rewards. Overall, managers adopting the Theory X approach believe their employees are less intelligent, inferior, and work primarily for secure paychecks.
In this management approach, supervisors maintain tight control over their workers; therefore, this style is appropriate when a company is experiencing significant challenges, where additional issues may result in catastrophic failure.
<span>Categorical -Homeowner Ratio -Credit Score Ratio-Years of Credit History Ratio-Revolving Balance Ratio-Revolving Utilization Categorical-Decision In this context, Ratio variables, such as credit score and years of credit history, are quantifiable metrics. In contrast, Homeowner and Decision are classified as categorical because they can be grouped into categories and are not measurable as ratios.</span>
