Answer:
d. greater than 300 but less than or equal to 400 units
Explanation:
Given Weekly demand d = 50 units
Standard deviation \sigma = 20
Lead time L = 6 weeks
customer level = 90%
Z value at 90% customer service level is 1.28
Saftey stock = Z\sigma\sqrt{L} = 1.28 * 20 \sqrt{6} = 62.70
Reorder point = Demand during lead time + safety stock
Demand during lead time = L*d = 6*50 = 300
Reorder point = 300 + 62.70 = 362.70
Answer:
1. The labor force = 65 (68 - 3)
2. The working age population = 79 (105 - 26)
3. The number of employed workers = 38 (25 + 13)
4. The number of unemployed workers = 3 (11 - 8)
Explanation:
a) Data and Calculations:
Population in houses visited = 105
Number of children = 26
Number of adults = 79 (105 - 26)
Workers with:
Full-time jobs = 25
Part-time jobs = 13 38
Number of retirees = 10
Full-time homemakers 5
Full-time students, +16 12 65
Disabled people = 3 = 68
Unemployed = 11 (79 - 68)
Answer:
b. 3.0 : 1
Explanation:
Current ratio is used to measure a company's financial ability to pay short-term obligations or those due within one year. It is measure by Current asset/Current liability
The Current ratio = $300,000 / $100,000 = 3.0 : 1
Note: The higher the quick ratio, the better the company's liquidity position.
Answer:
$30,174.74
Explanation:
The computation of present value is shown below:-
Future value = Present value × (1 + Rate of interest ÷ 1200)^12 × time period
$43,011 = Present value × (1 + 7.11 ÷ (12 × 100)^(12 × 5)
$43,011 = Present value × (1 + 7.11 ÷ 1,200)^60
$43,011 = Present value × (1 + 0.005925
)^60
Present value = $43,011 ÷ (1 + 0.005925
)^60
= $43,011 ÷ (1.005925
)^60
= $43,011 ÷ 1.425397857
= $30,174.73317
or
= $30,174.74
Therefore for computing the present value we simply applied the above formula.
We also attached the spreadsheet for better understanding
In compounded monthly, the interest rate is divided by 12 months and the time period is multiplied by 12 months and the same is to be considered
Answer:
Lawyers fees would probably decrease
Explanation:
If there's a large supply of lawyers than the demand for them will drop, causing fees to drop.