Answer:
d. greater than 300 but less than or equal to 400 units
Explanation:
Given Weekly demand d = 50 units
Standard deviation \sigma = 20
Lead time L = 6 weeks
customer level = 90%
Z value at 90% customer service level is 1.28
Saftey stock = Z\sigma\sqrt{L} = 1.28 * 20 \sqrt{6} = 62.70
Reorder point = Demand during lead time + safety stock
Demand during lead time = L*d = 6*50 = 300
Reorder point = 300 + 62.70 = 362.70
Answer:
Inflation rates for Canada = 3.3%
Inflation rates for Mexico = 9.1%
Explanation:
Data provided in the question:
For Canada
CPI in 2014 = 120
CPI in 2015 = 124
For Mexico
CPI in 2014 = 210
CPI in 2015 = 229.1
Now,
The inflation = [( Current CPI - Base year CPI) ÷ Base year CPI ] × 100%
Therefore,
For Canada
Inflation = [ (124 - 120 ) ÷ 120 ] × 100%
= 3.3%
For Mexico
Inflation = [ (229.1 - 210 ) ÷ 210 ] × 100%
= 9.1%
Answer:
Explanation:
The journal entries are shown below:
1. Petty cash A/c $1,100
To Cash A/c $1, 100
(Being the petty cash fund is established)
2. Office supplies A/c Dr $614
Miscellaneous selling expense A/c Dr $200
Miscellaneous administrative expense A/c Dr $145
Cash short and over A/c $26
To Petty cash A/c $985
(Being the expenses are recorded)
The Cash short and over is computed below:
= $1,100 - $115- $614 - $200 - $145
= $26
