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Nataliya [291]
3 years ago
12

Bill’s hardware has an average daily consumption of inventory of 1000 units. It takes Bill 15 days to receive the delivery of in

ventory after placing the order on the telephone. What is the reorder point for inventory for Bill? Show your calculation and answer below.
Business
1 answer:
belka [17]3 years ago
4 0

<u>Answer: </u>15000 units

<u>Explanation:</u>

The reorder point= Average daily consumption x lead time

=1000units x 15 days

=15000 units

Reorder point is stock in hand which triggers to replenish the stock in the firm. If reorder point is calculated efficiently when the last of stock is just consumed the new inventory should have arrived. Lead time is the time taken to replenish the inventory by the supplier. the reorder point is based on the average daily usage in reality the supply and demand may vary on day to day basis.

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2 years ago
Your grandfather put some money in an account for you on the day you were born. You are now years old and are allowed to withdra
sergij07 [2.7K]

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Missing word <em>"You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $3996 in it and pays an 8% interest rate."</em>

a.  At 18 years, future value of current amount (compounded for another 7 years at 8%)

= $3,996 * (1.08)^7

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= $6,848.34

b. At age 65, future value of this amount (compounded for another 40 years at 8%)

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3 years ago
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This is a good analogy because what CopperBuild is doing by means of the proposal is selling "itself" (its experience, credibility, prestige) to the investors in order to get the contract.

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Answer:

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