Average demand for a particular item is 1,200 units per year. it costs $100 to place an order for this item, and it costs $24 to hold one unit of this item in inventory for one year. if the fixed-order-interval model is chosen in this instance, how often (on average) will this item be ordered?

Will you use single-entry bookkeeping or double-entry bookkeeping? explain why.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.