Approximately what interest rate to the nearest whole percentage would you need to earn in order to turn $3500 into $7000 over 10 years?

Incomes improve for poor people in all countries is the best sentence which completes the Globalization. option C is the correct answer.

Globalization is the method by which businesses, organizations, and governments work on a worldwide scale. Globalization alludes to the method of expanding interconnecting and interdependency among individuals, businesses, and nations over the world. It includes the stream of products, administrations, capital, innovation, and data over national borders, coming about in a developing sense of shared social, social, and financial values.

Globalization has been encouraged by headways in communication innovation, transportation, and exchange liberalization arrangements. It has driven to expanded financial development, advancement, and social trade, but has too brought about in concerns approximately imbalance, natural corruption, and social homogenization. 

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The correct statement about phrases is that they cannot stand alone because they are missing a subject, a verb, or both. Therefore, the correct answer is C.

A phrase is a group of related words that function together in a sentence. However, unlike a sentence, a phrase does not express a complete thought and cannot stand alone as a sentence. Phrases lack a subject, a verb, or both, and therefore, they are dependent on other elements in the sentence to make sense.

For instance, "in the morning" is a phrase, but it cannot stand alone as a sentence because it lacks a verb. However, it can be used in a sentence such as "In the morning, I like to drink coffee."

Hence, phrases are important elements of sentences, but they cannot stand alone because they are incomplete and missing essential components such as a subject or a verb.

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Option D. Business analysis is assessing how the business is working towards its organizational goals.

Business analysis is a process that involves assessing and evaluating various aspects of a business to determine how effectively it is operating within its organizational goals. It typically involves analyzing the business's performance, processes, strategies, and systems to identify areas of improvement or alignment with the established goals. Business analysis helps in understanding the strengths, weaknesses, opportunities, and threats faced by the business and enables decision-makers to make informed choices to enhance performance and achieve organizational objectives.

While information systems, management plans, and interactivity are important components of business operations, they are not specifically focused on assessing how well a business is working within its organizational goals. Business analysis, on the other hand, is specifically designed for this purpose. Therefore, the correct answer is option D.

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a. To calculate the ending inventory cost using the FIFO method, we assume that the first units purchased are the first ones sold and the ending inventory consists of the most recently purchased units. So, we need to allocate the cost of the beginning inventory and the first purchase to the units sold, and the cost of the second purchase to the ending inventory.

The cost of goods sold (COGS) under FIFO can be calculated as follows:

COGS = (5,300 units × $180) + (7,700 units × $185) + (6,000 units × $192) = $2,396,500

The cost of the ending inventory under FIFO is the cost of the remaining 6,800 units, which is:

Ending inventory cost = 6,800 units × $192 = $1,305,600

Therefore, the total cost of the ending inventory according to FIFO is $1,305,600.

b. To calculate the ending inventory cost using the LIFO method, we assume that the most recently purchased units are the first ones sold and the ending inventory consists of the oldest units available. So, we need to allocate the cost of the most recent purchase and the beginning inventory to the units sold, and the cost of the first purchase to the ending inventory.

The cost of goods sold (COGS) under LIFO can be calculated as follows:

COGS = (14,000 units × $192) + (1,000 units × $185) + (4,300 units × $180) = $2,730,500

The cost of the ending inventory under LIFO is the cost of the remaining 6,800 units, which is:

Ending inventory cost = 6,800 units × $185 = $1,258,000

Therefore, the total cost of the ending inventory according to LIFO is $1,258,000.

The office worker saves approximately R91.43 per month.

To calculate the amount the office worker saves per month, we'll need to determine the portion of his income that is not spent on expenses.

Let's break down the monthly expenses:

Rent: 1/5 * R6400 = R1280

Car payment: 2/7 * R6400 ≈ R1828.57

Insurance: 1/6 * R6400 ≈ R1066.67

Other living expenses: 1/3 * R6400 ≈ R2133.33

Total expenses: R1280 + R1828.57 + R1066.67 + R2133.33 = R6308.57

To find the amount saved per month, we subtract the total expenses from the monthly income:

Monthly income - Total expenses = R6400 - R6308.57 ≈ R91.43

Therefore, the office worker saves approximately R91.43 per month.

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We reject the null hypothesis at 5%. There is sufficient evidence to conclude that mean is different for at least one type.

This is an ANOVA test. We use ANOVA test to test for the difference of more than 2 population means. Usually we can use the normal test/t-test for testing for the difference of two means.

We compare the variances between the treatments/ types and also within each treatment which is the error.

Here we have to compare means of difference types of cookies.

Null: The mean is same for all types.

Alternative: The mean is different for at least one type.

Test stat = MS(columns)/MS(error)

F-stat = 58.0097

p-value = 0.0000

Since p-value < 0.05

We reject the null hypothesis at 5%. There is sufficient evidence to conclude that mean is different for at least one type.

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Fund A may still make money on average by investing in the market portfolio with zero alpha (Option A), while Fund B has the potential to generate positive alpha but is not guaranteed to always make money every year.

Fund A's inability to generate positive CAPM alpha means that it cannot outperform the market in terms of risk-adjusted returns. However, this does not necessarily mean that it cannot make money on average if it invests in the market portfolio with zero alpha. In fact, if Fund A's portfolio mirrors the market portfolio, it can still generate positive returns based on the overall performance of the market.
On the other hand, Fund B's ability to generate positive CAPM alpha means that it has the potential to outperform the market in terms of risk-adjusted returns. This could be due to a variety of factors such as skilled management, superior research, or a unique investment strategy.
It is important to note that while Fund B has the potential to generate positive alpha, there is no guarantee that it will always make money every year. The market is subject to fluctuations and there are always inherent risks involved in investing.
In summary, Fund A may still make money on average by investing in the market portfolio with zero alpha, while Fund B has the potential to generate positive alpha but is not guaranteed to always make money every year. So, the correct option is Option A.

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The question does not specify anything so the answer is written in generalise manner.

The amount of excellence that helps in the fulfillment of goals, completeness, and accuracy of an individual's or organization's output is referred to as performance quality. It is a measurement of how well a task or procedure is carried out.

Organizations with strong cultures that emphasize quality and continual improvement do better than those with weaker cultures. Effective leadership can also contribute to the development of a great culture and improved quality.

The ease of use and efficiency of the product or service, as well as how well it fits the needs of the consumer, are all aspects of performance quality which is determined by the customer.

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The first two statements are true. Making extra payments on a loan can save you money in the long run because it reduces the amount of interest you will pay over the life of the loan. By paying down the principal balance more quickly, you will pay less in interest charges over time. The shorter the term of the loan, the more quickly you will pay off the loan and the less interest you will pay overall.

The third statement is also true. If you choose a shorter term for your loan, your monthly payments will be higher. This is because you are paying off the loan in a shorter amount of time, so you need to make larger payments each month to meet that goal.

The fourth statement is false, however. While it is true that some loans impose penalties for early repayment or extra payments, this is not always the case. It is important to read the terms of your loan agreement carefully to determine whether there are any penalties for making extra payments. Some loans may even offer incentives for paying off the loan early or making extra payments, such as reduced interest rates or fees.

Four factors that can contribute to the success of the magic florist business include Unique and Enchanting Floral Designs, Exceptional Customer Experience, Storytelling and Emotional Connections and Collaboration and Partnerships.

the business can thrive in the following ways:

Unique and Enchanting Floral Designs: A florist's magic business can thrive by offering distinctive and captivating floral arrangements. Incorporating elements like exotic flowers, uncommon color combinations, creative presentation styles, and enchanting themes can create a magical ambiance that sets the business apart from competitors.

Exceptional Customer Experience: Providing an exceptional customer experience is crucial for any successful business, including a florist's magic business. Going beyond the ordinary by offering personalized consultations, attentive service, and a warm and inviting atmosphere can help create a magical experience for customers.

Storytelling and Emotional Connections: Humans are naturally drawn to stories and emotional connections. A florist's magic business can leverage this by crafting narratives around their floral designs and using them to evoke emotions in customers.

Collaboration and Partnerships: Collaborating with other businesses or professionals can expand the reach and impact of a florist's magic business. Partnering with event planners, wedding venues, photographers, or even local artisans can create opportunities for cross-promotion and joint events.

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A part-time employee who has passed a full background check and submitted Form 572-C may be granted clearance for specific areas depending on the requirements of the employer.

Generally, the clearance may be granted for areas where the employee will be working, and where access to sensitive information or facilities is required.

Clearance may be granted for areas such as financial data, confidential information, classified materials, and secure facilities. For example, a part-time employee who will be working in the accounting department may be granted clearance for access to financial data, while an employee who will be working in a research facility may be granted clearance for access to classified materials.

It is important to note that clearance is not automatically granted to a part-time employee who has passed a background check and submitted Form 572-C. Employers will evaluate the employee's role and responsibilities, the level of clearance required for the job, and the employee's suitability for the position.

Clearance may also be granted on a temporary basis or for a specific project, depending on the employer's needs. In any case, it is important for the employee to understand the terms and conditions of the clearance, and to comply with all security protocols and policies.

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Yes, The degree of responsibility the company holds in this scenario may be influenced by several factors, such as regional statutes and policies, as per legal specifications.

Business liability depends on laws and regulations. Employees' actions can make businesses responsible. "liability or respondent superior holds employers responsible for employee actions within their employment scope.

Employers may be held liable if the employee committed the crime while on the job. thus it is liable and ask a layer for  business's liability answers based on details of the case such as background checks, work assignments, and supervision.

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2. In a hurry to get his apartment complex painted, a homeowner hires three people he meets at the local home improvement store to do the work. Since they’re not professional painters, he provides all of the equipment and paint needed to do the work. While at the apartment complex, one of them breaks into an apartment, assaults the resident and steals a wallet.is the business liable. explain

The practice of recruiting, hiring, deploying, and managing an organization's employees is referred to as human resource management (HRM). This essential function encompasses all aspects of employee management, from hiring and onboarding to training, compensation, performance management, and career development. The correct option is e.

HRM plays a crucial role in ensuring that the right people are hired for the right jobs, that they are trained and equipped to succeed, and that they are effectively managed throughout their tenure with the organization. HRM professionals must have strong interpersonal skills, as well as an understanding of employment laws, regulations, and best practices.

They must also be skilled in data analysis, communication, and problem-solving. In short, HRM is a critical function that ensures that an organization's most valuable asset, its people, are effectively recruited, deployed, and managed to achieve the company's goals. Without effective HRM, companies risk high employee turnover, low productivity, and a negative impact on their bottom line. The correct option is e.

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After analyzing the scenario, the excise tax was Ben’s company liable for. Thus, option D is the correct option.

Excise taxes are levied on a certain range of products, services, and activities. Depending on the particular tax, taxpayers might be consumers, producers, merchants, or imports. Excise taxes could be applied at the following points: entry into the country, sale, or usage following imports.

Excise taxes can be used to set a price on an externality or to deter the usage of goods that cost others money. They can also be used as a user fee to collect money from those who utilize certain government services, money that should go into maintaining such services.

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The  of organizational buying process steps include problem recognition, general need descriptions, product specification, supplier selection, order-routine specification, and supplier performance review.

The first step in the process is problem recognition, which involves identifying a need or issue that requires a solution. This may be triggered by a variety of factors, such as changing market conditions, new regulations, or emerging technologies.

Once the problem has been identified, the next step is to develop a general need description. This involves determining the broad requirements and specifications for the solution, such as the desired features, functionality, and performance levels.

From there, the organization will move on to product specification, which involves developing more detailed specifications and requirements for the specific product or service that will address the identified need.

Next, the organization will begin the process of supplier selection. This involves researching potential suppliers, evaluating their capabilities and offerings, and selecting the supplier that best meets the organization's needs.

Once a supplier has been selected, the organization will move on to order-routine specification, which involves developing specific requirements for the ordering and delivery process, such as delivery schedules, payment terms, and quality assurance protocols.

Finally, after the product has been delivered and implemented, the organization will conduct a supplier performance review. This involves evaluating the supplier's performance and assessing whether they have met the organization's expectations and requirements.

In summary, the key steps of the organizational buying process are problem recognition, general need description, product specification, supplier selection, order-routine specification, and supplier performance review. By following these steps in the correct sequence, organizations can ensure that they make informed and effective buying decisions that meet their specific needs and requirements.

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Seedi started a business to repair computers. The journal entry for this transaction is:

Invested so.sh. 5,000 as the capital:

Obtained a bank loan of so.sh. 2,000:

Deposited so.sh. 100 in a fixed deposit account:

The term journal entry was the first part of the Financial statement. The journal entry was the based on the debit and the credit record in the book entry. The Journal was the pro forma of the statement.

Earned a cash income so.sh.so.sh. 600 from computer repairs:

Paid so.sh. 100 as the monthly rent of the business:

Geedi withdrew so.sh. 200 from the business for her private use:

Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month:

Geedi invested an additional capital of so.sh. 500 10.:

Paid so.sh. 200 of the bank loan hove transactions to the accounting​:

As a result, the significance of the journal entry for this transaction is the aforementioned.

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To calculate the payback period, you need to determine the time it takes for the net cash inflows to recover the initial investment.

Let's assume the net cash inflows for each year are as follows:

Year 1: $X1

Year 2: $X2

...

Year 10: $X10

The payback period can be calculated using the following formula:

Payback period = Number of full years + (Amount to complete recovery in next year / Projected cash inflow in next year)

To calculate the payback period, we'll need to find the year when the cumulative net cash inflows equal or exceed the initial investment of $1,550,000.

Let's perform the calculation:

Cumulative cash inflows:

Year 1: $X1

Year 2: $X1 + $X2

Year 3: $X1 + $X2 + $X3

...

Year 10: $X1 + $X2 + ... + $X10

We need to find the year when the cumulative cash inflows reach or exceed $1,550,000.

Here's the calculation:

Cumulative cash inflows in Year 1: $X1

Cumulative cash inflows in Year 2: $X1 + $X2

Cumulative cash inflows in Year 3: $X1 + $X2 + $X3

...

Cumulative cash inflows in Year 10: $X1 + $X2 + ... + $X10

We want to find the year when the cumulative cash inflows exceed or equal $1,550,000. Let's calculate the cumulative cash inflows for each year until we reach or exceed the initial investment:

Cumulative cash inflows in Year 1: $X1

Cumulative cash inflows in Year 2: $X1 + $X2

Cumulative cash inflows in Year 3: $X1 + $X2 + $X3

...

Cumulative cash inflows in Year n: $X1 + $X2 + ... + $Xn

If the cumulative cash inflows in Year n are greater than or equal to $1,550,000, we have the payback period. Otherwise, we need to calculate the partial year.

Let's go through the calculations step by step:

Cumulative cash inflows in Year 1: $X1

If the cumulative cash inflows in Year 1 are greater than or equal to $1,550,000, the payback period is 1 year.

If not, let's move to the next year.

Cumulative cash inflows in Year 2: $X1 + $X2

If the cumulative cash inflows in Year 2 are greater than or equal to $1,550,000, the payback period is 2 years.

If not, let's move to the next year.

Cumulative cash inflows in Year 3: $X1 + $X2 + $X3

If the cumulative cash inflows in Year 3 are greater than or equal to $1,550,000, the payback period is 3 years.

If not, let's move to the next year.

Continue this process until you find the year when the cumulative cash inflows reach or exceed $1,550,000.

Once you provide the specific values for net cash inflows for each year, I can help you calculate the payback period.

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In microeconomics, the concept of economic cost refers to the total value of resources, both explicit and implicit, that are sacrificed or foregone in order to produce a particular good or service.

It goes beyond the monetary expenses and includes the opportunity cost of using resources in one way instead of their next best alternative use. Economic cost comprises two main components:

Explicit Costs: These are the actual out-of-pocket expenses incurred in the production process. They include the cost of labor, raw materials, rent, utilities, and any other direct payments made to suppliers or factors of production. Explicit costs are tangible and measurable in monetary terms.

Implicit Costs: These represent the opportunity cost of utilizing resources in a specific production activity. Implicit costs are the benefits or values associated with the next best alternative that is forgone when resources are allocated to a particular use. They often involve the use of self-owned resources or factors of production, such as the foregone income from not working at another job or the foregone rental income from not leasing out a property.

To calculate the economic cost of production, both explicit and implicit costs need to be taken into account. By considering the full range of costs, economists aim to capture the true economic impact of a decision or an activity, providing a more comprehensive understanding of the costs involved in the production process.

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To stimulate the economy and prevent it from falling into a worse recession or depression, the US government has chosen an expansionary policy and strong legislative measures.

The administration of interest rates and the total amount of money in circulation constitute the main objectives of monetary policy, which is often carried out by central banks like the U.S. Federal Reserve. 1The word "fiscal policy" refers to a government's overall taxing and spending decisions.

A nation's central banks create and oversee its monetary policies, which are aimed at controlling the money supply and interest rates in an economy. The way a government manages the factors of spending and taxation is known as its fiscal policy.

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Fixed expenses are those that remain constant regardless of how much revenue or sales a business generates.

Rent: If Makayla rents a space to operate her business, the rent payment would be fixed.

Insurance: Makayla may need to purchase liability insurance to protect herself and her clients, and this cost would be fixed.

Software subscriptions: Makayla may need to subscribe to a software program to help her with billing, scheduling, or record-keeping, and this would be a fixed expense

Supplies: Makayla may need to purchase different types of cleaning supplies, storage containers, and other materials to help organize clients' homes. The cost of these supplies will vary based on the number of clients she serves.

Transportation: Makayla may need to travel to clients' homes to organize their space. The cost of transportation, such as gas or public transportation, would be a variable expense.

Labor: If Makayla hires additional staff to help with organizing clients' homes, this would be a variable expense. The more clients she serves, the more staff she may need to hire.

Overall, it is important for Makayla to carefully consider her fixed and variable expenses when starting her business to ensure that she is pricing her services correctly and making a profit.

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Engagement rate is a qualitative metric that measures how much engagement a post receives from its audience. We may use this to gauge the success of our posts in terms of sparking further user involvement and discourse.

The rate at which conversions occur is a quantitative indicator of how many individuals visit a business's internet presence or purchase page and proceed to take action. This may be used to gauge how effective we are at fostering relationships that lead to concrete results.

The audience we serve is responding positively to the messages we communicate through various channels, which is then resulting in sales conversions buying decisions, or other engagements with the business or website. We can choose which rate of conversions and levels of engagement to track so that we may adjust our strategy properly.

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In accounting, the term "Balance B/D" typically refers to the Balance Brought Down, which represents the balance carried forward from the previous accounting period.

To find out the Balance B/D in the credit section, you would need to consider the following:

Obtain the financial statements: Retrieve the previous period's financial statements, including the balance sheet and the income statement.

Locate the previous period's credit balance: Look for the credit balance in the relevant accounts on the balance sheet. These accounts could include liabilities, equity accounts, or contra-asset accounts.

Analyze changes: Review any changes that occurred during the previous period in the accounts with credit balances. Determine whether there were any increases or decreases in these accounts due to transactions or adjustments.

Calculate the net change: Calculate the net change in the accounts with credit balances by subtracting any decreases from the increases. This will give you the overall change in the credit balances of these accounts.

Determine the Balance B/D: Add the net change to the previous period's balance. If the previous period's credit balance was zero, then the net change itself will be the Balance B/D in the credit section. However, if there was an existing credit balance, you would need to add the net change to that balance to find the Balance B/D in the credit section.

By following these steps, you can identify the Balance B/D in the credit section, which represents the credit balance carried forward from the previous accounting period.

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People projected that taking on a responsibility gadget, which allows them to focus on saving before accepting their tax return, could upgrade reserve funds.

While to expect Your Refund. Discounts are regularly given in 21 days while you electronically recorded your expense form or 42 days after when you documented paper returns. If it is been longer, figure out why your discount can be not on time or probably won't be the sum you anticipated.

The tax bureaucracy and schedules recorded here are for the 2022 Assessment yr expense forms and they might be e-documented through eFile.com between early January 2023 and October sixteen, 2023. Utilize the 2022 Expense Mini-computer to appraise 2022 Assessment forms - it is never too soon to begin charge-making arrangements.

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With a budget of $200 and the ink cartridge costing $25 plus tax, you can purchase 7 cartridges.

If your budget is $200 and the ink cartridge costs $25 plus tax, you need to calculate how many cartridges you can purchase within your budget. First, you need to know the amount of tax on the ink cartridge. The tax rate varies depending on where you live, so let's assume it is 10%. This means the total cost of the ink cartridge would be $27.50 ($25 + $2.50 tax).

Next, divide your budget by the total cost of one ink cartridge: $200 ÷ $27.50 = 7.27
This means you can purchase approximately 7 ink cartridges within your budget. However, since you cannot purchase a fraction of an ink cartridge, you can round down to 7 cartridges.

Therefore, with a budget of $200 and the ink cartridge costing $25 plus tax, you can purchase 7 cartridges. Keep in mind that this calculation assumes the tax rate is 10%, so your actual cost may differ depending on where you live.

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Hello!

Translation exposure may also be called accounting exposure.​

Office procedures refer to the set of established methods or routines used to facilitate and standardize the work of an office. They help ensure that work is performed efficiently and accurately.

Some key benefits and needs of office procedures are:

1. Standardization: Office procedures help standardize how work is done and information is processed. This ensures consistency and quality across similar tasks. It prevents a haphazard and inconsistent approach.

2. Efficiency: When procedures are streamlined and optimized, the same work can be completed in less time with fewer mistakes. This improves productivity and reduces wasted effort.

3. Accuracy: Standard procedures act as a guide, ensuring that work is carried out accurately and completely every time. This minimizes errors and rework.

4. Coordination: Well-designed procedures integrate different tasks and parts of a process. They ensure good handoffs and coordination between people, departments and teams.

5. Compliance: Procedures help ensure compliance with laws, regulations, company policies, security standards, and best practices. They provide a framework for accountability.

6. Continuity: documented office procedures provide continuity even when key personnel leave the organization. New team members can get up to speed quickly by following the established procedures.

7. Control: Effective procedures give management more control over how work is performed. They can monitor compliance, evaluate efficiency, and make improvements to procedures over time based on feedback.

In summary, office procedures help create a standardized, efficient, accurate and controlled work environment. They facilitate high quality, continue and coordinated work while ensuring compliance. Well-designed procedures are essential for productivity, governance, and optimal performance.

Each partner has different rights when representing the partnership is a characteristic of general partnerships

A general partnership is a business arrangement by which two or more individuals agree to share responsibilities assets profits and financial and legal liabilities of a jointly owned business.

The basic characteristics of a general partnership include group ownership personal liability decentralized management and pass through federal income taxation limited liability of owners for business matters is the primary benefit that is available under other business structures but it is not characteristic of a general partnership.

Therefore the correct answer to your question is  Each partner has different rights when representing the partnership.

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RFC should place a new order when the inventory level reaches 1,096 chairs, the total inventory cost is $1,858,570.98.

Based on the information provided, RajDee Furniture Company (RFC) buys chairs from a manufacturer at a cost of $40 per unit. In order to keep track of inventory, RFC incurs order costs of $200 per order and has a lead time of 10 days for each order to arrive from the manufacturer. Additionally, RFC incurs inventory carrying costs of 10%. Given that the average yearly demand for the chairs is 40,000 units, we can answer several questions about the company's inventory management practices.

First, we can determine the economic order quantity (EOQ) for the chairs. EOQ is a formula used to calculate the optimal order size that minimizes total inventory costs.

In this case, the EOQ is calculated as follows:
EOQ = sqrt((2 x 40,000 x $200)/0.10)
EOQ = 2,828.43

Therefore, RFC should order approximately 2,828 chairs at a time to minimize inventory costs.

Next, we can determine the reorder point (ROP) for the chairs.

In this case, the ROP is calculated as follows:
ROP = (average daily demand x lead time) + safety stock
ROP = (40,000/365 x 10) + 0
ROP = 1,096.16

Therefore, RFC should place a new order when the inventory level reaches 1,096 chairs.

Finally, we can determine the total inventory costs for RFC. These costs include order costs, inventory carrying costs, and the cost of the chairs themselves.

Based on the information provided, the total inventory costs are calculated as follows:

Total Inventory Costs = (40,000 x $40) + (40,000/2,828.43 x $200) + (40,000 x $40 x 0.10)
Total Inventory Costs = $1,632,800 + $28,290.98 + $1,632,800 x 0.10
Total Inventory Costs = $1,858,570.98

In conclusion, by using the EOQ and ROP formulas, RFC can optimize its inventory management practices and minimize total inventory costs. Additionally, they can determine the optimal order size and when to place new orders to avoid stockouts.

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The total annual inventory cost for component X when order size Q = 1000 is $55,278.16

The total annual inventory cost for component X when order size Q = 1000 can be calculated using the Economic Order Quantity (EOQ) model, which minimizes the total annual inventory cost.

To calculate the EOQ using the formula:

EOQ = √[(2DS) ÷ H]

where;

D = annual demand

S = setup cost per order

H = annual holding cost per unit.

Using the given values, we have:

EOQ = √[(2 × 4,800 × 800) ÷ 25]

= 916.5

The number of orders placed in a year using the formula:

Number of orders = D ÷ Q

where Q is the order size.

Using the given values, we have:

Number of orders = 4,800 ÷ 1,000 = 4.8

The total annual inventory cost using the formula:

Total annual inventory cost = (Q ÷ 2) × H × (D ÷ Q) + D × S ÷ (D ÷ Q)

Using the given values and the calculated EOQ, we have:

Total annual inventory cost = (1,000 ÷ 2) × 25 × (4,800 ÷ 1,000) + 4,800 × 800 ÷ 916.5

= $55,278.16

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