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1 year ago

as the service level increases, the probability of not running out of stock during a cycle decreases.

1 answer:

3 0

As the service level increases, the probability of not running out of stock during a cycle decreases. This statement is TRUE.

What is service level?

The cycle service level in supply chain is the anticipated likelihood that a stock-out won't occur during the subsequent replenishment cycle, and as a result, it is also the likelihood that sales won't be lost. The lead time is inherently related to the cycle duration. The probability of being able to meet client demand without experiencing a backorder or missed sale can also be used to define service level. While a 100% service level—that is, serving every customer all the time—might seem ideal, it is typically not a practical choice.

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You bake a cake for your friend’s party ,and the friend pays you for it. This makes you

Akimi4 [234]

Answer:

This makes you the debtor. When you receive money whether it is in the form of a cheque or cash in hand, you are the debtor because money is being debited (or out into your bank account).

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3 years ago

Your Company makes and sells a single product. Each unit sells for $32 dollars and has a unit variable cost of $20. The company

andre [41]

Answer:

Your Company

The cash that must be borrowed to cover all cash disbursements and to obtain the required November 30 cash balance is:

= $18,000.

Explanation:

a) Data and Calculations:

Selling price per unit = $32

Variable cost per unit = $20

Contribution margin per unit = $12 ($32 - $20)

Beginning cash balance on November 1 = $45,000

Cash disbursements = $1460,000

Depreciation expense = $35,000

Minimum required cash balance on November 30 = $75,000

Budgeted sales units for November = 46,000

Sales revenue (cash) = $1,472,000 (46,000 * $32)

Variable costs = 920,000 (46,000 * $20)

Contribution margin = $552,000 (46,000 * $12)

Cash Budget

For the month of November

Beginning cash balance $45,000

Total cash collections = 1,472,000

Cash available $1,517,000

Cash disbursements (1,460,000)

Cash balance $57,000

Cash to borrow 18,000 ($75,000 - $57,000)

Minimum cash balance $75,000

3 0

3 years ago

What happens in a perfectly competitive industry when economic profit is greater than zero? existing firms may expand their oper

steposvetlana [31]

What happens in a perfectly competitive industry when economic profit is greater than zero?

The answer is all of the above. If a perfectly competitive industry has economic profit greater than zero then existing firms may expand their operations, firms may move along their LRAC curves to new outputs, there may be pressure on the market price to fall and new firms may enter the industry.

A perfectly competitive market is a hypothetical market where competition is at the highest level. Economists that study perfect competition state that this would be the best outcome of a market for consumers and society because each group would be evenly competing for consumers.

4 0

4 years ago

Read 2 more answers

At the beginning of 2018, England Dresses has an inventory of $140,000. However, management wants to reduce the amount of invent

Bad White [126]

Answer:

purchases = 160000

Explanation:

given data

beginning inventory = $140,000

amount of inventory on hand = $80,000

net sales = $400,000

gross profit rate = 40%

solution

we first Computation of cost of goods sold hat is

Gross profit rate = $\frac{gross profit}{net sales}$ × 100

= $\frac{gross profit}{400000}$ = = $\frac{40}{100}$

= 100 Gross profit = 16000000

Gross profit = 160000

and

Cost of goods sold is = sales - gross profit

Cost of goods sold = 400000 - 160000

Cost of goods sold = 240000

and

Cost of goods sold = opening inventory + purchases - closing inventory

so put here value

240000 = 140000 + purchases - 60000

so purchases = 160000

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3 years ago

Ana has won a lottery. she was offered two options to receive the award: she can either take it in five installments of $60,000

ANTONII [103]

She should choose to<span> take a lump-sum of $271,000 now. This is the best option since the other option would have a present value less than $271,000. If you use the present value annuity calculator, you can get the present value of the installment option to be </span>$259,768.60. Therefore, the the lump – sum payment option is the most appropriate.<span> </span>

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3 years ago