Answer:
a. 41.6 million
b. 42.28 million
Explanation:
A) GIven
forecast in june = Sjune = 42 million
Checks recived in june = Xjune = 40 million
Smoothing constant = a = 0.2
So for july
Sjuly = a*Xjune + (1-a)*Sjune
=0.2*40 + (1-0.2)*42 million
=8+33.6 = 41.6 million
B) forecast in july = Sjuly = 41.6 million
Checks recived in july = Xjuly = 45 million
Smoothing constant = a = 0.2
So for August
Saugust = a*Xjuly + (1-a)*Sjuly
=0.2*45 + (1-0.2)*41.6 million
=9+33.28 = 42.28 million
<em>Note: This uses an exponential smoothing to forecast the results, but from the number of checks recived we see that it increases linearly. So we need a linear forecasting method .</em>
Answer:
The computations are shown below:
Explanation:
a. The computation of the economic order quantity is shown below:
= 229 units
The carrying cost is come from
= $2.40 × 20%
b. Time between placement of orders is
= Economic order quantity ÷Annual demand
= 229 ÷ 280
= 0.8179 years
So,
= 0.8179 × 365 days
= 298.53 days
We assume 365 days in a year
c. The average annual cost of ordering cost and carrying cost equals to
= Holding cost + ordering cost
= (Economic order quantity ÷ 2 × Holding cost) + (Annual demand ÷ Economic order quantity × ordering cost)
= (229 units ÷ 2 × $0.48) + (280 ÷ 229 units × $45)
= $54.96 + $55.02
= $109.98
d)
Now the reorder level is
= Demand × lead time + safety stock
where, Demand equal to
= Expected demand ÷ total number of weeks in a year
= 280 pounds ÷ 52 weeks
= 5.38461
So, the reorder point would be
= 5.38461 × 3 + $0
= 16.15 pounds
Answer:
Present value
Future value
Explanation:
Present value is the value of cashflows discounted at interest rate at arrive at its value today.
Future value is the value of cashflows discounted at interest rate at arrive at its value at some given time in the future.
I hope my answer helps you
Answer:
yes it is because United States has always been a health crises foreign country
Answer:
Demographic Environment
Explanation:
When looking at the macroenvironmet and the likely changes happening in there, one seems to look at the broader condition of the economy which can be impacted by the monetary and fiscal policies, as well as employment and inflation rates.
The demographic environment is part of the six forces of the microenvironment and should be considered first amongst the three items listed. With this, a company can be able to identify the exact target markets needed for their respective products or services
.
