Answer:
option (B) 100
Explanation:
Data provided in the question:
Number of days supplier takes to deliver an order once it has been placed i.e the lead time = 25 days
Standard deviation of daily demand = 20
Now,
Standard deviation of usage during lead time
= Standard deviation of daily demand × √(Lead time)
= 20 × √25
= 20 × 5
= 100
Hence,
The answer is option (B) 100
If one tail is longer than another, the distribution is skewed. These distributions are sometimes called asymmetric or asymmetrical distributions as they don’t show any kind of symmetry.
A left-skewed distribution has more values on the left of the distribution.
Answer:
True
Explanation:
The effects of both changes on price is as follows:
1. The Greater Effect - change in demand due to the falling price of natural gas (a substitute for oil)
As price of natural gas, a substitute for oil, falls, demand for oil will fall pushing oil producers to respond by cutting crude oil prices in a bid to sustain demand and prevent its fall. <em>Thus, the effect is a price fall</em>.
2. The Lesser Effect - change in supply due to disruptions in oil-well operations in the Middle East
Due to supply disruptions which will result is a reduction in supply, the price of oil will tend to increase as consumers buy more of a commodity in less supply. <em>Thus, the effect on price is a rise</em>.
There, since the greater effect is a price fall, and the lesser effect is a price rise, equilibrium price is expected to fall.
Answer:
Journal Entry to record the transaction
Dr. Work in Process Department I $280,000
Dr. Work in Process Department II $300,000
Dr. Manufacturing Overhead $8,000
Cr. Material Inventory $588,000
Explanation:
The direct material is charged to the work in process account, because it is an direct expense and all the direct expenses are charged to the work in process account like indirect material, indirect labor etc.
The indirect material is charged to manufacturing overhead account because all the indirect expenses are charged to the manufacturing overhead account like indirect material, indirect labor etc.
These inventories are issued from the material inventory, so to deduct the issued value from the material inventory account, the total value of direct and indirect issuance is credited to record the effect.
Answer:
Natural resources (land)
Labor (human capital)
Capital (machinery, factories, equipment)
Entrepreneurship
Explanation:
nature is the first key of success like having a land to start up
labor is the teamwork needed support between all ( all for one, one for all)
capital is needed just like food, no money no business
Entrepreneurship: it depends on what is the idea of business you want, and how it really help the community
