1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SVEN [57.7K]
3 years ago
8

Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point syste

m to manage inventory of this standard muffler. Annual demand 4,700 mufflers Ordering cost $ 60 per order Standard deviation of daily demand 5 mufflers per working day Service probability 90 % Item cost $ 25 per muffler Lead time 3 working days Annual holding cost 20 % of item value Working days 300 per year Use the above information to determine the best order size and the reorder point: (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.) Best order size mufflers Reorder point mufflers
Business
1 answer:
GarryVolchara [31]3 years ago
4 0

Answer:

Following is the solution for the given problem.

Explanation:

Best order size, EOQ =√2DS/H

EOQ = √2*4700*60/5

EOQ = 336 units.

D = 4700/300 = 15.66.

σ L= √∑σ²

= √3*(5)² = 8.66.

Reorder point, R = D*L+ z σ L

Reorder point, R = 15.66*3 + 1.282*8.66

Reorder point, R = 58 units.

You might be interested in
n Tacoma, the tax on a property assessed at $430,000 is $7,310. If tax rates are proportional in this city, how much would the t
Fantom [35]

Answer:

$14620 is collected as tax for a property of $860,000

Explanation:

Let the tax rate on every property in Tacoma be x%. A property worth $430,000 was taxed $7,310. This implies that:

\frac{x}{100} *$430000=$7310

multiplying through by 100 we get:

\frac{x}{100} *$430000*100=$7310*100

430000x=731000

Dividing through by 430000 to get:

\frac{430000x}{430000}=\frac{731000}{430000}

x = 1.7%

Therefore the tax rate in Tacoma is 1.7%.

Since all tax rate is proportional, for a property of $430,000 the tax is $7,310, for a property of $860,000 let the tax be $y

Therefore y=\frac{860000*1.7}{100} =14620

This means that $14620 is collected as tax for a property of $860,000

3 0
3 years ago
The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:_______
Makovka662 [10]

The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.

<h3>What is Strategic planning?</h3>

Strategic planning can be defined as the process of setting up an objectives or goals and then planning how to achieve the sets objectives and goals.

A company or an organization that want to achieve their future goals must tend to make use of Strategic planning.

Therefore The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.

Learn more about Strategic planning  here:brainly.com/question/24864915

#SPJ1

7 0
1 year ago
Jose, a bank officer, takes the time to fully explain to an applicant why he is being turned down for a loan and does his best t
sineoko [7]

Answer:

Interactional Justice

Explanation:

Interactional Justice is an organizational behavior that deals with how respectfully and dignified people affected by a decision are treated.

As a management or leadership, interactional justice is important as it shows how well managers/leaders can execute their decisions and use their authority with employees/subordinates while being fair, polite and open to them.

Interactional Justice can simply be said to be the fairness and openness with which decisions are made known to the affected individuals.

Cheers.

4 0
3 years ago
Read 2 more answers
Clarissa wants to fund a growing perpetuity that will pay $ 12 comma 000 per year to a local​ museum, starting next year. She wa
igomit [66]

Answer:

Present Value= $240,000

Explanation:

Giving the following information:

Perpetuity= $12,000

Growing rate= 5%

Interest rate= 10​%

To calculate the present value of this perpetual annuity, we need to use the following formula:

PV= Cf/ (i - g)

Cf= cash flow

i= interest rate

g= growing rate

PV= 12,000/ (0.10 - 0.05)

PV= $240,000

4 0
4 years ago
don draper has signed a contract that will pay him 80000 at the beginning of each year for the next 6 years plus an additional a
Nata [24]

Answer:

$449,830

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

Don draper will receive total 7 payments in 6 years time.

Formula for Present value of annuity is as follow

PV of annuity = P + P x [ ( 1- ( 1+ r )^-n ) / r ]

P = Payment = $80,000

r = rate of return = 8%

n = number of years = 6 years

PV of annuity = $80,000 + $80,000 x [ ( 1 - ( 1+ 8% )^-6 ) / 8% ]

PV of annuity = $80,000 + $369,830

PV of annuity = $449,830

4 0
4 years ago
Other questions:
  • A company would like to expand overseas. They need to be able to speak with employees quickly and allow employees to have access
    8·2 answers
  • When forced to select between a US-produced product and a less expensive imported product, _____ of Americans say they would cho
    8·1 answer
  • Which of the following is true regarding Management's Discussion and Analysis (MD&amp;A)?
    11·1 answer
  • Mircea Vasilescu maintains an online brokerage account. In early March, Mircea received an e-mail from the firm that explained t
    14·1 answer
  • List the five types of associations thashould be included in every successful network.
    7·2 answers
  • Cash received from a customer for unearned subscription revenue can initially be recorded as either an:________; (revenue/expens
    8·1 answer
  • Question 10 (5 points)
    13·1 answer
  • Please helppppp ASAP I will Mark you Brainliest
    15·2 answers
  • Which type of revenue or gain is generally recognized with the passage of time? revenue from sales. gain or loss from dispositio
    6·1 answer
  • bruce is a cpa who operates his tax service business as a sole proprietorship. he files a joint tax return with his wife. their
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!