Answer:
The quantities of products that should be produced each month are:
300, 300, 300, 300, and 300 respectively.
Explanation:
a) Data and Calculations:
Production Scheduling Based on Level Strategy:
Month 1 Month 2 Month 3 Month 4 Month 5 Total
Beginning Inventory 0 100 100 -100 -100 0
Production 300 300 300 300 300 1,500
Forecast Demand 200 300 500 300 200 1,500
Ending Inventory 100 100 -100 -100 0 0
b) The implication is that the firm will be running in shortage for two months within the five months period. This is not ideal to meet customers' demands. It appears very costly with the holding and shortage costs throughout the period.
Comprehensive, I think.......
A firm in a perfectly competitive market: d. must take the price that is determined in the market.
<h3>What is a
perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.
Read more on price here: brainly.com/question/11898489
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Answer:
Federal Reserve
Explanation:
The Federal Reserve (FED) distributes new currency through its 12 Federal Reserve Banks. Depository institutions (e.g. savings bank, commercial bank, savings and loan association, or credit union) buy currency from the Federal Reserve Banks when they need extra cash and they deposit cash when they have too much cash.