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Kaylis [27]
3 years ago
13

Marlo Stanfield's operation also uses large quantities of prepaid cell phones, on average 1500 per week with a standard deviatio

n of 145. The lead time for their own brand of prepaid cell phones is three weeks and they have a lot size of 350 phones. To ensure they never run out, they keep a safety stock of 500 phones with Proposition Joe. What is the cycle service level under this policy?
a. 0.9398
b. 0.9833
c. 0.9768
d. 0.9512
Business
1 answer:
AlekseyPX3 years ago
8 0

Answer:

c. 0.9768

Explanation:

Lead time

Safety stock 500

Standard deviation 145

Safety stock = z * Standard deviation * \sqrt{L}

500 = z * 145*\sqrt{3}

500 = z * 251.14

Z = 1.990863

Therefore, for this Z value, we obtain the option c. 0.9768

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Explain the equation for the income statement. What are the three major items reported on the income statement?
Sergio039 [100]

The equation for the income statement is Revenues - Cost of goods = Net income. The three major items reported on the income statement are net income, gross profits, and operating income.

The income statement is a statement of the profits and losses of a firm. It consists of three income statements. The Net income is derived by deducting the expenses of the firm from its revenues (Net income = Revenue - Expenses). It may also be calculated by adding the operating income with the non-operating items.

Gross profit is arrived at by subtracting the expenditure made on the products that were sold from the revenue of a firm. The Operating income is the result of subtracting the operating expenses from the gross profit.

To learn more about income statement : brainly.com/question/14308954

#SPJ4

4 0
1 year ago
During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepa
kvasek [131]

Answer:

a. The unit cost of goods manufactured based on the variable costing concept.

=Total variable cost of goods manufactured / Total units Manufactured

                                    = (288,000) /18,000= $ 16

b. The unit cost of goods manufactured based on the absorption costing concept.

=Variable cost of goods manufactured  +Fixed manufacturing costs / Total units Manufactured=$288,000+ $12,000/18,000= $ 16.67

Explanation:

a. The unit cost of goods manufactured based on the variable costing concept.

=Total variable cost of goods manufactured / Total units Manufactured

                                    = (288,000) /18,000= $ 16

b. The unit cost of goods manufactured based on the absorption costing concept.

=Variable cost of goods manufactured  +Fixed manufacturing costs / Total units Manufactured=$288,000+ $12,000/18,000= $ 16.67

Working

Olympic Inc.

Variable Costing Income Statement

For Year Ended August 31

Sales $297,000

Variable cost of goods sold:

Variable cost of goods manufactured $288,000

Ending inventory (72,000)

Total variable cost of goods sold (216,000)

Manufacturing margin $81,000

Variable selling and administrative expenses (40,500)

Contribution margin $40,500

Fixed costs:

Fixed manufacturing costs $12,000

Fixed selling and administrative expenses 10,800

Total fixed costs (22,800)

Operating income $17,700

4 0
2 years ago
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
Fantom [35]

Answer:

Bond Price = $877.3835955 rounded off to $877.380

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and r or YTM will be,

Coupon Payment (C) = 0.064 * 1000 = $64

Total periods (n)= 25

r or YTM = 7.5% or 0.075

The formula to calculate the price of the bonds today is attached.

Bond Price = 64 * [( 1 - (1+0.075)^-25) / 0.075]  +  1000 / (1+0.075)^25

Bond Price = $877.3835955 rounded off to $877.380

3 0
2 years ago
Andy’s business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin
aalyn [17]

Answer: a. Chapter 7

Explanation:

Chapter 7 bankruptcy is a type of bankruptcy that allows trustee to sell a few of one's property in other to repay creditors. It also allows the cancelation of some debt. The chapter 7 bankruptcy is also known as straight or liquidation bankruptcy and it is the most commonly used especially by individuals.

3 0
3 years ago
The production possibilities frontier will shift outward
Ber [7]

Answer:

E. if technological advances occur is the correct answer.

Explanation:

6 0
2 years ago
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