answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mel-nik [20]
2 years ago
10

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Item cost $ 8.0

0 Standard deviation of weekly demand 20 per week Order cost $ 207.00 Lead time 3 week(s) Annual holding cost (%) 24 % of item cost Service probability 99 % Annual demand 27,400 Average demand 548 per week a. Determine the order quantity and reorder point.
Business
1 answer:
Sphinxa [80]2 years ago
8 0

Answer:

Order quantity = 478units

Reorder point = 420 per week

Explanation:

Given

Item cost =$8

Standard deviation of weekly demand = 20 per week

Order cost(C) = $207

Lead time = 3 weeks

Annual holding cost (H) = 24% of item cost

Service probability = 99%

Annual demand(D) = 27,400

Average demand = 548 per week

Order quantity = sqrt[(2 × D × C) ÷ H]

Order quantity = sqrt[(2 × 27400 × 207) ÷ (0.24 × 207)]

sqrt[ 11343600 ÷ 49.68]

= 477.84

Order quantity = 478 units

Reorder Point = Lead time × daily usage

21 × 20 = 420

You might be interested in
You just received an insurance settlement offer related to an accident you had three years ago. The offer provides you with thre
harina [27]

Answer:

It will be a better offer the option B because it yield a higher net present value at the given rate.

<u>B 88,457</u>

A 86,755

C 85,000

Explanation:

We are going to compare the present value of each annuity at the cost of capital rate 7.5%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

option A

C= couta, monthly payment 1,500

rate= 0.075 is an annual rate we divide by 12 to get the monthly rate

time = 6 years = 6*12 = 72 months

1,500 \times \frac{1-(1+0.075/12)^{-6*12} }{0.075/12} = PV\\

option A PV = 86,754.78646

option B

C = 1,050

time = 10 years

same rate

1,050 \times \frac{1-(1+0.075/12)^{-10*12} }{0.075/12} = PV\\

option B PV =  88,456.97984

option C = 85,000

It will be a better offer the option B because it yield a higher net present value at the given rate.

5 0
1 year ago
Darius is considering buying new bedroom furniture. Naturally, he compares several types of beds, dressers, and bedside tables,
miss Akunina [59]

Answer: (B) The total product offering

Explanation:

 According to the question, Darius is evaluating the total offering of the products by comparing each products such as bedside table, beds and the dresses with the other brands.

By comparing one brand with the other brands, he evaluating the products price, warranty and the reputation.  

The total product offering is basically defined as the amount of the total products offered as the final output. The consumers are evaluating each product before busying the product.

Therefore, Option (B) is correct.

3 0
2 years ago
Brandon grew up working on a farm but went to school to become an accountant. He decides to put all of his knowledge to work.
Angelina_Jolie [31]

Answer:B. Running his own small farm.

Explanation:

Having got the exprience in running a farm, couple with his financial and managerial knowledge from Accounting will help him to be successful.

8 0
2 years ago
Machines at a bottling plant are set to fill bottles to 12 ounces. The quality control officer at the plant periodically tests t
never [62]

Answer:

Answer for the question:

Machines at a bottling plant are set to fill bottles to 12 ounces. The quality control officer at the plant periodically tests the machines to be sure that the bottles are filled to an appropriate amount. The null hypothesis of the test is that the mean is at least 12 ounces. The alternative hypothesis is that the mean is less than 12 ounces. What are the possible types of errors that could be made from this test?

Is given in the attachment.

Explanation:

0 0
2 years ago
Compare the results of your personal time allocation to your ideal time allocation. Are you close to your ideal allocation? If n
miv72 [106K]

Answer:

As an individual, I am not close to my ideal time allocations as such allocation got affected by many factors that are beyond the control of an individual. One has to depend on the external environment which is composed of other individuals receding near you.

The sleeping schedule, health both mental and physical affects the time allocation significantly. Due to distress and overload panics one serves more time in sleeping than adequate.

 

3 0
1 year ago
Other questions:
  • True or false the risk premium is primarily concerned with business risk, financial risk, and inflation risk.
    5·1 answer
  • If it takes a fan 20 minutes to walk to her seat in the last section in the stadium and it takes 5 minutes to get to the lowest-
    10·1 answer
  • Jackson Electric Services Company incurred​ $800 as a repair expense and paid for it in cash. The company is a sole proprietorsh
    15·1 answer
  • A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat
    10·1 answer
  • Cheng Inc. is considering a capital budgeting project that has an expected return of 24% and a standard deviation of 30%. What i
    6·1 answer
  • 1. Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On Decem
    11·1 answer
  • Hi Jennie, As you may know, Macy’s is in a battle with Abercrombie &amp; Fitch for sales among 15- to 20-year-old female custome
    11·1 answer
  • The following information is available for Wildhorse Co. for the month of January: expected cash receipts $59,320; expected cash
    9·1 answer
  • The Reynolds Corporation buys from its suppliers on terms of 2/19, net 50. Reynolds has not been utilizing the discounts offered
    6·1 answer
  • You sell $4,000 per week in bags of dog food at 30% margin. You sell $3,000 per week in dog toys at 45% margin. Which generates
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!