Answer:
(a)The implied cost of shortage per quart is = $4.75
(b) This could be viewed as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.
Explanation:
Solution
Given that:
Mean =μ = 40
Standard deviation =σ = 6
Excess cost= Ce =$0.35
The amount ordered =S₀= 49
Thus
Z =(49 -40)/6
=1.5
Now
From the Table Z, we have the service level which is,
P(X <49 ) = P(Z < 1.5)
= 0.9332
Since we know that,
Service level (SL) =Cs/Cs+Ce
So,
0,9332 =Cs/Cs+0.35
Thus
0.9332Cs + 0.35* 0.9332 =Cs
0.0668Cs =0.32662
Hence
Cs = $4.75
(a) The implied cost of shortage per quart is = $4.75
(b) Therefore,this could be regarded as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.
Answer:
increased production of studs and spikes around the world
Explanation:
The production of hese new designs have a direct correlation with the production of studs and spikes around the world
Answer:
B$10,800 debit balance.
Explanation:
In the given question, first we have to compute the difference of cash account which equals to
= Total debit entries - Total credit entries
= $4,800 - $4,000
= $800 debit
Now add this amount to the beginning balance which equals to
= Beginning amount of cash balance + Difference amount
= $10,000 + $800
= $10,800 debit
Answer:
The correct answer is letter "A": Uncollectible accounts are not anticipated or immaterial.
Explanation:
Direct write-off is a method used to record debts from credit sales. An allowance account is not used with this method but an account receivable directly written-off for the outstanding amount once it is determined to be uncollectible. This method is used for tax-reporting purposes.