Answer:
The entrance fee is charged per person, while the purchase of souvenirs is applicable collectively
Explanation:
According to the details mentioned in the question, children pay a discounted rate for tickets, which indicates that the tickets are priced individually. Conversely, souvenirs have a uniform price for groups since they can be shared among members, unlike the individual tickets.
Response:
A) 100
Clarification:
total sales 3,600 units
cost per unit $200
order placement cost $40
holding cost is $20 annually
working days 360 yearly
lead time is 5 days
Should Mark purchase 200 units per order, what would his average stock be?
daily sales = total sales / working days = 3,600 / 360 = 10 units daily
orders each year = 3,600 / 200 = 18
Mark's order frequency = 360 days / 18 orders = 20 days
average inventory = (200 units / 20 days) x 10 days = 100
I presume Mark has some safety inventory to ensure he can cover the 5-day lead time.
Answer:
The answer is "$7,630".
Explanation:
If we take into account that there are four weeks in a month, then
Joe's earnings can be calculated as:
= 
= 
($)
Zola's earnings can be calculated as:
= 
= 
= 
($)
Thus,
The total gross monthly income would be:
= 
= 
= 
($)
Answer:
Joint Venture
Explanation:
A joint venture occurs when two or more firms enter into a partnership agreement to pursue shared goals within a specific timeframe. This collaboration creates synergy through the shared resources of the involved organizations. This scenario is similar, with three organizations forming a contract and agreeing to pool their resources to achieve a mutual objective. Once this goal is accomplished, the partnership (Joint Venture) will be terminated.
