Demand for a certain radial tires at a tire company is 800 units per month. Each tire costs the company $80. Ordering costs are $75, and the annual carrying cost for each tire is $16. That is,

D = 800 * 12 = 9600 /yr
S = $75 /order
P = $80
H = $16 /unit / yr

1. How many tires should the manager order in each lot?

2. What is the company's average inventory of this tire, if the EOQ quantity is ordered?

3. How many times per year will an order be placed, if EOQ quantity is ordered?

4. How often will an order be placed (length of order cycle), if EOQ quantity is ordered?

5. How much does the company spend annually on fixed ordering costs, if EOQ quantity is ordered?

6. How much does the company spend annually on holding (carrying) costs, if EOQ quantity is ordered?

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.