This tutorial comprises of two sections. Answer all the questions. Section A

1. Marketing Sciences Ltd specialize in carrying out product trials for the companies such as Tesco, GlaxoSmithKline and Vodafone.

a) Business carries out product trials on new products in order to

A) Guarantee sales levels

B) Assess levels of demand

C) Achieve economy of sales

D) Collect secondary research



b) Explain why this answer correct?

The maximum tax rate on estates and gifts

Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be: