Answer:
Average daily demand (d) = 15
Lead time (L) = 3 days
Value of Z = 2
Standard deviation of demand during lead time = 5
Reorder point = d × L + (Z × standard deviation of demand during lead time)
= 15 × 3 + (2 × 5)
= 45 + 10
= 55
Answer:
Cash paid 168,000
Explanation:
Assuming that there were no inventory at start of the year
purchases during the year :
Sold = 155
Closing inventory = 21
Total purchase (155+21) = 176
Cash paid for merchandise = total purchase - increase in liability
Cash paid = 176-8 = 168
Answer:
Marginal revenue is $2.99
Explanation:
A monopoly is defined as a situation where a single supplier determines the price and amount of a good that will be supplied.
Marginal revenue is defined as the additional revenue that is earned from increased unit of sale of a product.
The initial revenue earned is 100 units* $4= $400.
The present revenue is 101 units* $3.99= $402.99
Therefore the additional revenue is 402.99-400= $2.99
In the question, continuously should be annually.
Solution:
Applicable formula is;
A = P(1+r)^n
Where;
A = Total amount after 30 years = $9,110
P = Amount invested = $5,000
r = Annual interest rate in decimals
n = Number of years = 30
Substituting;
9110 = 5000(1+r)^30
9110/5000 = (1+r)^30
1.822 = (1+r)^30
Taking natural logs on both sides;
ln (1.822) = 30 ln (1+r)
0.5999 = 30 ln (1+r)
0.5999/30 = ln (1+r)
0.019998 = ln (1+r)
Taking exponents on both sides
e^0.019998 = 1+r
1.0202 = 1+r
r = 1.0202 -1 = 0.0202 =2.02%
Therefore, annual interest rate should be 2.02%.
Answer:
c. May be able to avoid liability to the extent she had no reason to know of the deficiency (and did not have actual knowledge) when filing the return. The burden of proof will be on her.
Explanation:
The doctrine of <em>innocent spouse relief</em> might apply here. Mrs. Jones will have to prove that:
- the income that was omitted was earned by her husband, not her.
- she must prove that when she signed the tax filings, she was not aware of the omission.
- after examining all the facts surrounding the omission, the IRS must decide that blaming her would not be fair.
