Answer:
Safety Stock.
Explanation:
Safety Stock is held to respond to the uncertainties in demand and supply levels because it is an additional amount of a product or material which is generally held in an inventory to mitigate or lessen the risk that a product or material will become out of
stock.
In Business management, the safety stock can be calculated using the following formula;
<em>Safety stock = (Md * Ml) - (Ad * Al) </em>
Where;
Md = maximum daily usage.
Ml = maximum lead time in days.
Ad = average daily usage.
Al = average lead time in days.
Answer:
True
Explanation:
Opportunity cost refers to the benefits foregone of a non chosen alternative when an alternative is chosen.
Going to college represents opportunity cost in the form of money incurred specifically for pursuing studies and also the lost opportunity in the form of income foregone which could've been earned had the student worked somewhere.
Thus, dropping out of college would involve the opportunity cost in the form of money spent exclusively for study as well as the money which could've been earned had the individual preferred working.
Hence, the given statement is true.
Answer:
Original cost of the stock = $23.16
Explanation:
Original cost of the stock = Selling price of stock / ( 1 + r )^n
Original cost of the stock = $50 / (1+8%)^10
Original cost of the stock = $50 / (1.08)^10
Original cost of the stock = $23.16