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Alex17521 [72]
3 years ago
15

Uncle Chuck’s Chicken Sandwich operates 360 days per year and uses a periodic system to make inventory decisions for fries. Dail

y demand has been forecast to be 500 units and the standard deviation of daily demand is 100 units. The order interval is 10 days and the order lead time is 9 days. Uncle Chuck’s Chicken Sandwich desires to maintain a service level of 98% for this item. If the on-hand inventory is 2,800, what is the order quantity? Round your answer to a whole number.
Business
1 answer:
lianna [129]3 years ago
5 0

Answer:

7,953.57 units

Explanation:

Given that

Total number of days in a year = 360 days

Daily demand = 500 units

Standard deviation of daily demand = 100 units

Interval of order = 10 days

Lead time = 9 days

Service level = 98% its z value = 2.05

On hand inventory = 2,800

Based on the above information, the order quantity is

= Daily demand × (interval of order + lead time) + {z value × sqrt (Interval of order + lead time) × standard deviation units} - on hand inventory

= 500 units × (10 days + 9 days) + {2.05 × √19 × 100 units} - 2,800 units

= 9,500 units + 893.57 units - 2,800 units

= 7,953.57 units

We simply applied the above formula

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Answer: 1.67 years

Explanation:

Pay back period calculates the amount of years the cumulative cash flows from an investment equals the amount of money invested.

The table attached explains how the payback was calculated.

The $3600 cost of the cart would be recouped between the first and second years. Therefore, it would be calculated as 1 year + $2400 / $3600 = 1.67 years

I hope my answer helps you.

6 0
4 years ago
If Pete raises his price of muffins from $2 to $3 and his sales revenue increases from $35,000 to $38,000, then:a. this is impos
ElenaW [278]

Answer:

The correct option is C

Explanation:

Provided rise in price increases the revenue from muffin.

That is by $35,000 to $38,000

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Demand at price of $2 = $35,000/$2 = 17,500 units

Demand at price of $3 = $38,000/$3 = 12,667 units approximately

Thus, with increase in price the demand gets to fall in number, though the revenue has increased.

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The correct statement is C

3 0
3 years ago
Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co
raketka [301]

Answer:

(2) consult others before making a decision.

Before I make a recommendation, I will consult my team members.  Individually, some may have new ideas and modifications which we can incorporate into the project to even beat the competition and cause management to continue supporting the project.

Explanation:

Even though our competitor's "product appears to utilize radical new design principles that expand the functionality of the product," we can still modify our product.  This will not only incorporate the features of our competitor's product, but also further introduce new features that will emanate from the challenge from competition.

This is where the SCRUM framework becomes important.  This framework for project management emphasizes teamwork, accountability, and iterative progress toward a well-defined goal, while allowing for tweaks.

Developing this project based on this framework must have made it possible for us to receive the report from the marketing department in the first place.  The principles of Scrum are Openness, Respect, Courage, Commitment, and Focus.  So, the best we can do will be to prioritize, come up with new improvement ideas, and convince top management not to cancel the project.

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Should you be able to keep your genetic information confidential
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4 years ago
Delta Importers has a pure discount loan with a face value of $180,000 due in one year. The assets of the firm are currently wor
Nat2105 [25]

Answer: call; $180,000

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