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Helga [31]
3 years ago
14

Identify the appropriate inventory model to obtain the optimal lot size for the given problem description: A small grocery store

sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 40 quarts per day and a standard deviation of 6 quarts per day. The grocer purchases fresh strawberries daily from the local farmer for $1.5 per quart and sells them for $3.20 per quart. At the end of each business day, any remaining strawberries are sold to a producer of fresh juice for 50 cents. a. Single Period b. Fixed Order Interval c. EOQ d. ROP e. None of the above
Business
1 answer:
Ad libitum [116K]3 years ago
8 0

Answer:

d. ROP

Explanation

The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The reorder point is the inventory management system in which a certain level of inventory is set as a trigger for reordering the stock. The cost of excess stock for the grocery store is $1 ($1.50 - $0.50). The cost of under cutting the inventory is $1.70 ($3.20 - $1.50). The cost of under stocking is more than cost of excess inventory. The best model which will suit the grocery store is ROP.

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Answer:

Internal

Explanation:

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7 0
3 years ago
¿Cuáles son y cómo se elabora un Inventario de Mercancías NIC 2?<br> Ayuda plisssss
Leokris [45]

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La NIC 2 define los inventarios como activos que son: mantenidos para la venta en el curso normal del negocio, en el proceso de producción para dicha venta, o. en forma de materiales o insumos para ser consumidos en el proceso de producción o prestación de servicios.

4 0
3 years ago
At U.S. Data Corporation's web site, they advertised that "Because of our commitment to quality and our vast amount of industry
maksim [4K]

Answer:

The answer is: D) frame

Explanation:

A human sampling frame is a list of individuals that you can draw a sample from.

For example, the firefighters bought the list of donors for finding potential donors for their cause. This list of donors would be considered the sampling frame and the donors that actually donate to them would be the sample.

8 0
3 years ago
A $100 petty cash fund has cash of $17 and receipts of $86. The journal entry to replenish the account would include a :
Paladinen [302]

Answer:

The correct option is C, credit to cash over and short for $3

Explanation:

The requirement targets the balancing entry in the cash account,with cash of $17 in the petty cash account coupled with receipts of $86, the total amount in the petty cash is $103 ($86+$17) and the established float is just $100, which implies that the petty cash has an excess fund of $3 that must be returned to the main cash account.

The excess is the difference between $103 cash in the petty cash account and the maximum float of $100($103-$100)

4 0
3 years ago
Read 2 more answers
What is formatting text?
Dima020 [189]

Answer:

Formatting text invloves performing one or more tweak of a text, it could be making it bold, resizing it, italicizing it , underlining it, choosing a particlar text sytle and so on.

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3 years ago
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