1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hatshy [7]
3 years ago
7

The College Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution wi

th an average daily demand of 20 units and a standard deviation of 4 units per day. The lead time for this calculator is 9 days. Compute the statistical reorder point that results in a 95 percent in-stock probability. Choose the closest answer. quiz;et
Business
1 answer:
ale4655 [162]3 years ago
3 0

Answer:

A) 200 units

Explanation:

mean daily demand = 20 calculators

standard deviation = 4 calculators

lead time = 9 days

z-critical value (for 95% in-stock probability) = 1.96

normal consumption during lead-time:

= mean demand × lead time

= 20 × 9

= 180 calculators

safety stock = z × SD × √L

                    = 1.96 × 4 × √9

                    = 1.96 × 4 × 3

                    = 23.52 calculators

reorder point = normal consumption + safety stock

                       = 180 + 23.52

                       = 203.52 calculators

You might be interested in
The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det
Neporo4naja [7]
<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure </h3>

Explanation:

A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.

The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.

8 0
3 years ago
If the physical count of the inventory revealed $158,000 of merchandise on hand and the inventory records reported $163,000, wha
krek1111 [17]

The necessary adjusting entry to record inventory shortage would be:

“Cost of Merchandise Sold debit $5,000; Merchandise Inventory credit $5,000.”

Cost of Merchandise Sold is the cost of goods and services that correspond to sales made to customers. In this case, we need to decrease ending inventory by the quantity of these goods ($5,000) that either were shipped to customers or assigned as being customer-owned under a certain agreement. Meanwhile, the merchandise inventory is the cost of goods on hand and is available for sale ($5,000).

 

<span> </span>

6 0
3 years ago
The equilibrium between possible threats and prospective compensation is known as​ ________.
stiv31 [10]
The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.
4 0
2 years ago
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
olchik [2.2K]

Answer:

560,000 grams should be purchased

Explanation:

production budget:

estimated sales = 140,000 units

planned ending inventory = 77,000

total production required = 217,000

- beginning inventory = (27,000)

units to be produced = 190,000

materials budget:

units to be produced = 190,000

materials per unit = 3

total direct materials needed = 570,000

+ desired ending inventory = 47,000

- beginning inventory = (57,000)

direct materials purchases = 560,000

7 0
3 years ago
The act of retaining or keeping something
Lilit [14]

retaining i think because the act of retaining something is to retain.

6 0
3 years ago
Other questions:
  • Emily, who lives in Indiana, volunteered to travel to Louisiana in March to work on a home-building project for
    14·1 answer
  • The attitude adopted by Calvin Coolidge that government should play a small role in business affairs is known as what?
    8·1 answer
  • Given the following information, a rational investor would most likely invest in which stock? Stock A: Mean Return – 5%; Standar
    11·1 answer
  • What might be a plausible explanation for the extra entry? give at least two possibilities
    13·1 answer
  • Smith has applied overhead of $73,000 and actual overhead of $87,600 for the month of November. It applies overhead based on dir
    5·1 answer
  • "In evaluating a recently implemented positioning strategy, a company s marketing department notes that since the strategy was p
    13·1 answer
  • According to the eTextbook, ______ is the lot size (Q) that will minimize total annual inventory cost.
    6·1 answer
  • Chris values family and friends most. _____ is/are the most important thing to him.
    12·1 answer
  • Select the correct answer.
    13·1 answer
  • You have a gross lease. Your rent is $1,000 per month. Taxes and maintenance total $500 per month. What is your total
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!