Answer:
Reorder point is 40
Explanation:
Reorder point is the level of inventory which trigger the purchase of new inventory.
The formula for Reorder point is
Annual demand * Leadtime + Safety Stock
Reorder Point = 1040 / 365 * 14 days + 0
= 40.
The lost sales cost is $50 in goodwill, Furnco should keep a safety stock of at least 30 chairs in order to meet demand level.
<u>Answer</u>:
<u>No</u>
Explanation:
Remember, that as used in statistics the Confidence intervals <em>only</em> ascertain the extent to which a sample is uncertainty or certainty, that is, the student report of a 90% confidence interval is just a probability the university population of men and women surveyed would fall under this range of value (minus 150,30).
Therefore, it cannot be concluded that mu(women) is higher than mu(men.
Answer:
At one time, the centrally planned economy of China encouraged farmers to produce iron in their backyards, rather than have factories make iron. This proved unsuccessful, since most of the farmers' iron was of poor quality. Why do you think this approach was unsuccessful? How could this experiment become a success in a free market economy?
The reason why the approach whereby farmers make iron in their backyard could not work out is as a result of not being inclined in that market as they are only skilled in agriculture, also they do not understand the rhetorics of the business.
The experiment would be a success in a free market as anyone is allowed to sell such product, this gives room for competition and helps to price reduction which is good for the consumers, also it would help in improvement of such product's quality because of competition involved
Explanation:
Answer:
The correct option is;
Remain constant in total regardless of changes in activity
Explanation:
In the field of Economics, fixed costs are costs that remain the same or does not undergo change when the quantity of produced goods or rendered service increases or decreases. Fixed cost are not dependent on the fluctuations in the level of produced goods and/or service.
Fixed cost are cost that are charged based on the duration of use of the facility, such as the rent paid for the factory premises.
Therefore, we have; within the relevant range, fixed costs <u>remain constant in total regardless of changes in activity</u>
Establishing a motive for the group to listen.
By giving the students a question that they would need or love to have the answer to she is giving them a reason (or motive) to continue paying attention to her presentation in order to learn the answer.
