Answer:
Explanation:
Given that:
weekly demand = 72 units
no of weeks in 1 year = 48
Then; total demand = 72 × 48 = 3456 units
No of orders = 
= 
∴
The periodic review (P) = 
= 
= 0.041956 year
≅ 2 weeks
Z score based on 88 percent service level = NORMSINV(0.88) = 1.18
Here;
Lead time = 3 wks
P = 2 weeks
Thus protection interval = ( 3+2) weeks
= 5 weeks
Safety stock = z-score × std dev. of demand at (P+L) days
std dev = 
= 2.236 × 18
std dev = 40.248 units
Safety stock = 1.18 × 40.248
safety stock = 47.49 units
Safety stock ≅ 48 units
Average demand during(P + L) = 5 × 72 units
= 360 units
Target inventory level = average demand + safety stock
= 360 units + 48 units
= 408 units
Answer:
The correct answer is A
Explanation:
Recognition lag is the lag where there is time delay among when an economic shock like a bust or a sudden boom occurs and it is to be recognized by the central bankers, government and economists.
It is the timing problem with the fiscal policy for counter a recession is the recognition lag which occurs among the beginning of the recession and the time which it takes to acknowledge the recession which has started.
<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
Answer:
The answer is: Yes
Explanation:
The money Alice paid in 1985 ($20,000) is considered a sunk cost.
A sunk cost is money already spent that cannot be recovered.
So if Alice decides to buy the land or not, she will not recover a cent from the $20,000 she paid before.
Since the current price of the land is $110,000 and Alice can purchase it for $100,000, then she should buy it. She is going to earn a $10,000 profit.
I had to look for the options and here is the answer. The concentration ratio that is being referred to the description above is 80%. This means that the industry consists of five identical firms and the four-firm concentration is being referred to. Hope this answers your question.
