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Dafna11 [192]
2 years ago
9

Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review

system to manage inventory of this standard muffler. Use the information in the following table to determine the optimal inventory target level (or order-up-to level).
Annual demand 2,870 mufflers Ordering cost $65per order
Standard deviation of daily demand 6 mufflers per working day Service probability 76%
Item cost $31.00 per muffler Lead time 2 working days
Annual holding cost 22% of item value Working days 205 per year
Review period 16working days
a. What is the optimal target level (order-up-to level)? (Use Excel's NORMSINV) function to find the correct critical value for the given
α-level. Do not round intermediate calculations. Round ''z'' value to 2 decimal places and final answer to the nearest whole number.)
b. If the service probability requirement is 97 percent, the optimal target level will:
_____Increase
_____Decrease
_____Stay the same
Business
1 answer:
forsale [732]2 years ago
7 0

Answer:

A.) 270 units (b.) Increase

Explanation:

Given the following :

Annual demand (A) = 2870

Working days = 205

Review period (P) = 16 working days

Lead time (L) = 2 working days

Standard deviation (σ) = 6 per working day

Service probability = 76%

Therefore, z = NORMSINV(0.76) = 0.71

Average demand (D) = 2870 / 205 = 14

Optimum target level, (S) is given by the relation:

D×(P+L) + z×σ×√(P+L)

14×(16+2) + 0.71×6×√(16+2)

(14×18) + 4.26 × √18

252 + 4.26*4.242

252 + 18.07

= 270.07 units = 270 units

B) If service probability increases to 97%, Z will automatically increase, hence a corresponding increase in the optimal target level.

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ANSWER:

The correct answer are Custom Intent audiences and Similar Audiences.

STEP-BY-STEP EXPLANATION:

Custom Intent audiences: In a nutshell, custom intent audiences are a more granular form of targeting that allows you to target people who are in the market for the specific products and services you are offering. Custom intent audiences are available on the display network only.

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2 years ago
Hobson Company bought the securities listed below during 2020. These securities were classified as trading securities. In its De
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Answer:

$50,800

Explanation:

Security     Cost       Fair value     Gain(loss)

X              371,000    343,500        -27,500  

Y              185,000     162,400        -22,600  

Z              <u>424,000</u>    <u>407,800</u>        <u>-16,200 </u>

Total        <u>980,000</u>    <u>913,700</u>         <u>-66,300</u>

Unrealized holding loss on Income statement ended June 30,2021 = $66,300 - $15,500 = $50,800

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3 years ago
Kaspar Industries expects credit sales for January, February, and March to be $205,100, $263,100, and $314,500, respectively. It
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Answer:

January $153,825

February $248,600

March $301,650

Explanation:

Computation for cash collections from customers for each month:

January February March

January: ($205,100 x 75%=$153,825) ($205,100 x 25%=$51,275) $0

February: $0 ($263,100 x 75%= $197,325) ($263,100 x 25%=$65,775)

March: $0 $0 ($314,500 x 75%=$235,875)

TOTAL $153,825 $248,600 $301,650

Therefore cash collections from customers for each month is :

January $153,825

February $248,600

March $301,650

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Answer: Procedures

Explanation:

From the given case/scenario, we can state that the standing plan can be referred to as <em>procedures</em>.  A procedure is referred to as a document or act that is written in order to support a policy. It is mostly designed in order to describe where,who, what, when, and why through means of building corporate accountability in inclination to implementation of the policy.

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Answer:An organizational iceberg can sink a business if the leaders don't take the time to find out what's beneath the surface of their culture. But once you recognize the issues at the different levels of the organizational iceberg, you can appropriately address them and keep your business in safe waters.

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