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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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AnnZ [28]

Answer:

False

Explanation:

Rather, gain or loss on the sale of an asset can be calculated as the difference between sale price and net book value (NBV).

The net book value can be calculated by accumulated depreciation from the purcahse price of the assets.

Therefore, gain or loss on the sale of an asset can be calculated using the following fomula:

Gain (loss) on the sale of an asset = Sales price - Net book value

5 0
4 years ago
Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pay $75 and Rasheed is willing
Romashka [77]

Answer:

Mark's individual consumer surplus is $10.

Explanation:

Mark and Rasheed are at the bookstore buying new calculators for the semester.

Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.

The price for a calculator at the bookstore is $65.

The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.

Mark's individual consumer surplus

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4 0
3 years ago
Short-term, intermediate-term, and​ long-term goals are similar in that all represent important financial objectives to be accom
lbvjy [14]

Answer:

Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.

Explanation:

As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.

Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.

A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.

Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.

Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish

6 0
4 years ago
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omeli [17]

Answer: E) Both answers B and D are correct.

Explanation:

Inflation using the Consumer Price Index is calculated by;

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Year 2 Inflation = (100 - 90) / 90

= 11%

Year 3 Inflation = (110 - 100) / 100

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7 0
4 years ago
As a(n) ________, Katerina might tend to more honestly reveal her thoughts and feelings, bedramatic in her conversational tones,
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Answer:

<u>Russian.</u>

Explanation:

This is a purely cultural question. Some countries like Brazil, Spain, Italy, Egypt and Russia have a culture focused on communication and expression of true emotions. People are encouraged to express their thoughts and feelings more consistently so that their personality is unobtrusive, which means that such individuals have more dramatic and nonverbal language in communication, greater spontaneity and excitement.

6 0
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