Answer:
$56,703
Explanation:
P=R(1-(1+i)^-n/i
Where P=500,000
R=?
i=10%
n=15
500,000=R(1-(1+.1)^-15/.1
R=500,000/7.61
R=$56,703
Answer:
The optimal stocking level is 243 boxes
Explanation:
In order to calculate the optimal stocking level we would have to calculate the following formula:
optimal stocking level=mean+(Z* standard deviation)
According to the given data we have the following:
mean=250 boxes per day
standard deviation=22 boxes
To calculate the z value we would have to calculate the service level as follows:
service level=shortage/(shortage+overage)
service level=3/(3+5)
service level=0.38
Hence, z value is -0.31
Therefore, optimal stocking level=250 + (-0.31 * 22)
optimal stocking level=243 boxes
The optimal stocking level is 243 boxes
Answer:
B. $140,000.
Explanation:
Inventory purchases refers to the amount of goods or merchandise bought during a particular period by merchandisers or sellers such as retailers, wholesalers, or distributors with aim of selling them to customers.
Inventory purchases can be determined using the formula for computing the cost of goods sold as follows:
Cost of goods sold = Beginning inventory + Inventory purchases - Ending inventory
Substituting the values in the question into the formula above and solve for inventory purchases, we have:
$145,000 = $18,000 + Inventory purchases - $13,000
Inventory purchases = $145,000 + $13,000 - $18,000 = $140,000
Therefore, inventory purchases equal <u>$140,000</u>.
The best answer to the question 'which of the following is not one of the four industry categories' would be letter c. Trinity industries does not fall under the industry categories. Tertiary, primary, and secondary industries - along with quaternary industries- are the four industry categories.
A credit limit<span> is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline).</span>
