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Reil [10]
4 years ago
12

Gentle Ben's Bar and Restaurant uses 7,400 quart bottles of an imported wine each year. The effervescent wine costs $5 per bottl

e and is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $10 each time an order is placed, and holding costs are 30 percent of the purchase price. It takes two weeks for an order to arrive. Weekly demand is 148 bottles (closed two weeks per year) with a standard deviation of 30 bottles.'Ben would like to use an inventory system that minimizes inventory cost and will provide a 90 percent service probability. a. What is the economic quantity for Ben to order? (Round your answer to the nearest whole number.) Economic order quantity bottles b. At what inventory level should he place an order? (Use Excel's NORMSINVO function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Inventory level ____ bottles
Business
1 answer:
Leto [7]4 years ago
7 0

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3 years ago
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Which of the following terms refers to the cost of changing direct materials into a finished manufactured product? a.factory ove
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Answer:

The correct answer is option b.

Explanation:

The conversion cost can be defined as the cost incurred in converting direct materials into finished products. It includes direct labor costs and manufacturing overhead costs.

In other words, it is the production cost reducing the cost of direct materials.

It is the cost involved in transforming raw materials into finished products, however, it does not include the cost of raw materials.

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3 years ago
Many demographers predict that the United States will have zero population growth in the twenty-first century, in contrast to av
ANTONII [103]

Answer and Explanation:

Different things being constant, a slowdown in population growth will lead to an increase in the availability of capital per worker and output per worker.

At the steady state, output per worker will grow at the rate of g while. Thus, steady state per person output growth will be same, however total output will increase at the rate n+g.

In case of transition between steady states, during the transition phase, output per worker will grow at a rate greater than g. Overtime in the long run with a fall in population growth, total output will fall while output per worker will increase.

6 0
3 years ago
Quantitative research is most likely to be used when_________.A. the objective is to identify new ideas and thoughts for a produ
mixas84 [53]

Answer:

D. the objective is to validate relationships and test hypotheses

Explanation:

In order to test hypothesis, a branch of statistics called "inferential statistics" is needed, and statistics, as it is well known, is a branch of mathematics (of applied mathematics).

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5 0
3 years ago
Linda owns and runs her own firm. She also serves on the boards of several companies. Although she does not work for these compa
Vlad [161]

Answer:

<h2>The answer, in this case, would be true or option a) given in the answer choices.</h2>

Explanation:

  • In any business, an outside director is commonly identified as an individual who is officially not an employee or a shareholder of the company or business enterprise.
  • An outside director can board meetings, analyze essential business information and interact and share opinions with the shareholders regarding company decisions and operational modes.
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