Answer:
Purchases= 88,400 units
Explanation:
Giving the following information:
To manufacture a box, it takes 44 units of wood
The scheduled production of boxes for the next two months is 2,100.
Beginning inventory is 16,000 units of wood
<u>The ending inventory of wood is planned to decrease 4,000 units each of the next two months.</u>
T<u>o calculate the purchase of wood required, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 44*2,100 + (16,000 - 4,000) - 16,000
Purchases= 88,400 units
Answer:
promotion mix.
Explanation:
Publicity is the activities of a company to create a good relationship with society. It entails building a good reputation in the eyes of customers. Publicity creates a positive image for a company making it easier to convince customers to buy its product.
Publicity is part of a company's promotion mix. It is a strategy that a business uses to market its brand in the market. A promotion mix is a combination of different marketing approaches that marketers use to reach a wide range of target audiences.
Answer:
45.63 days.
Explanation:
The average collection period is the time measured in days that the company have to wait until all of its accounts receivable have been perceived. If the have sold 600,000 dollars between the beginning and the end of the year, and they have an average of 75,000 in accounts receivable ((60,000+90,000)/2), that means the accounts receivable accumulate 45.63 days of sales (75,000*365/600,000), or that they have to wait 45.63 days until they collect all the credits.
Answer:
P-value = .010444, this means it is statistically significant or probable that the proportion of people who are confident is larger than 70% at the 0.05 significance level.
Explanation:
Population proportion, p = 0.70
Number of people taken in a sample, n = 700
Sample proportion, = 0.74
State the hypotheses:
H
₀:p = 0.70
Hₐ
:p < 0.70
one-tailed test, we must calculate z test statistic:
z = ( - p) / √{[p(1 - p)]/n}
z = (0.74 - 0.70) / √{[0.70(1 - 0.70)]/700} = 2.31
z = 2.31
using a table we can find out P-value for Z = 2.31:
P-value = .010444, this means it is statistically significant or probable that the proportion of people who are confident is larger than 70% at the 0.05 significance level.
Answer:
a.385 stones
b.349 stones
c.168 stones
Explanation:
Order quantity that minimizes total annual cost is known as the Economic Order Quantity.
<em>Economic Order Quantity = √(2 × Annual Demand × Ordering Cost per Order) / Holding Cost per unit</em>
= √(2×28×110×$48) / $2
= 384.5 or 385 stones
<em>Economic Order Quantity = √(2 × Annual Demand × Ordering Cost per Order) / Holding Cost per unit</em>
= √(2×28×110×$48) / ($8.10 × 30%)
= 348.8 or 349 stones
Re-oder point is the point at which the order should be placed to obtain additional inventories
<em>Reorder Point = Lead Time × Usage</em>
= 6 days × 28 stones
= 168 stones