Each Year, CTM Sells 450 Units of a Product at a Price

question 19

Multiple Choice

Each year, CTM sells 450 units of a product at a price of $639 each. The variable cost per unit is $421, the carrying cost per unit is $11.78, and the fixed order cost is $56. What is the economic order quantity?

• A) 65 units
• B) 58 units
• C) 72 units
• D) 53 units
• E) 84 units

Discern the psychology behind drug effects, including the role of setting and expectations.

Understand the health-related risks connected to psychoactive drug usage.

Understand the cultural and sociohistorical influences on the perception and use of psychoactive substances.

Understand the classification and effects of psychoactive drugs.

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Definitions:

Return On Assets

A financial ratio indicating how efficiently a company uses its assets to generate profit.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's profitability.

Total Assets

The summation of all resources owned by an entity, valued based on historical cost or market value, represented in the balance sheet.

Return On Assets Ratio

The Return on Assets Ratio is a financial metric used to assess how efficiently a company uses its assets to generate profit, calculated by dividing net income by total assets.