Can totally vary. Normally, it can create 1,000 dollars up to 2,000 dollars if it's a good investment.
Answer:
6
Explanation:
Marketplace simulations are designed for university business courses and for executive programs. It is developed by Innovative Learning Solutions Inc. The simulation enables students to experiment business strategies, test run their business ideas and get the consequences of their actions. This is gotten in a virtual business environment.
The EOQ is 980 units and should reduce the fixed ordering cost to an amount of $62.50.
<u>Explanation:</u>
a)
Annual demand=Qty per mth multiply with 12 = 1000 multiply with 12 =12000
Annual demand in USD, A= 12000 multiply with USD 100 (cost of each part) = USD 1200000
Preparation cost, P= 4 hrs changeover time multiply with USD 250 per hr = USD 1000
Annual holding cost, I = 25% = 0.25
EOQ in USD= Root over (2 multiply with A multiply with P divide by I ) = USD 9.79 multiply with 10000 = USD 98000
EOQ in nos. = USD 98000 divide by USD 100 (cos of each part) = 980 units
b) Q = 980 divide by 4 = 245
In this case, annual carryring cost, C = EOQ 980 by 4 multiply with 0.5 multiply with Unit cost USD 100 multiply with 0.25 = USD 3062.50
Annual demand, D = 1000 per month multiply with 12 = 12000
Ordering cost = C multiply with 245 / D = USD 62.50
The new tech startup should create an entity-relationship diagram because its helps in defining a data model that can be used to analyze and communicate data needs for project.
<h3>What is an
entity-relationship diagram?</h3>
An entity-relationship diagram refers to a graphic representation that helps to show the relationships between people, objects, events etc. within the IT system.
In conclusion, the entity-relationship diagram will allows the startup to analyze their data needs at the individual project level.
Read more about entity-relationship diagram
<em>brainly.com/question/17063244</em>