Atlas Company plans to sell 145,000 units in November and 190,000 units in December. Atlas's policy is that 15% of the following

Answer:

The answer is 10 individuals.

Explanation:

In the Big Bucks lottery with 1,000 participants, each buying a ticket costing $10, the likelihood of winning a $10 prize is 1%. To determine how many winners there would be, the calculations are as follows:

Total Participants = 1000

Winning Probability = 1%

Thus, the expected winners for the $10 prize would be calculated as follows: 1000 * 1%

= 1000 * 0.01

= 10 Individuals.

Therefore, it is expected that 10 winners will emerge from the 1,000 participants.

Explanation:

We will calculate the economic order quantity, which identifies the order amount that minimizes inventory costs. This size must meet the minimum requirements for storage.

D = annual demand = 100 units daily x 300 = 30,000

setup cost = ordering cost = 200

H = holding cost = 10

EOQ = 1095.445115 = 1,095

The storage must have a capacity of at least 1,095 to accommodate their EOQ

How to Remember:

The annual demand and ordering cost are factored into the numerator. The holding cost is in the denominator.