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Ne4ueva [31]
3 years ago
7

Tammi’s Truck Stop sells Seat-o-Nails cushions, which are specially designed to keep drivers awake on the road. Her accessories

supplier makes deliveries every Tuesday, at which times she can get as many cushions as she wants (the supplier’s truck carries a large number of cushions). The cushions cost $40 wholesale, and Tammi sells them for $65. She also uses a 35 percent interest rate to evaluate the cost of holding inventory. Today it is Tuesday, Tammi has 12 cushions in stock, and the supplier has just arrived. Assuming that the weekly demand is normally distributed with mean 35 and standard deviation 10, answer the questions below. (hint: use newsvendor model)How many cushions should Tammi buy if sales are lost when she runs out of stock during the week?Reconsider part (a) if unmet demand is not lost but it is back ordered, and it costs Tammi $12 to mail the cushion to the customer.
Business
1 answer:
adell [148]3 years ago
3 0

Answer:

Explanation:

(a) The cost of underage(Cu) will be the opportunity cost for lost sales which will be:

= 65 - 40

= 25

The cost of overage(Co) will be the holding cost which will be:

= 40 x 35%/52

= 40 × 0.35/52

= 40 × 0.0067308

= 0.269

The Critical ratio will be:

= Cu/(Cu + Co)

= 25/(0.269+25)

= 0.9894

For the optimal condition,

F(z) = Critical ratio = 0.9894,

therefore, z = normsinv (0.9894) = 2.30

Therefore, the optimal stock will be calculated as:

= Mean demand + (z × Stdev)

= 35 + (2.30 × 10)

= 35 + 23

= 58 units.

We should note that Tammi already has 12 cushions in stock, therefore the order quantity will be:

= 58 - 12

= 46 units

(b) Cu = 12

Co = 0.269

Critical ratio will be:

= Cu/(Co + Cu)

= 12 / (12 + 0.269)

= 0.9781

Therefore, z = normsinv(0.9781) = 2.0

Then, the optimal stock will be:

= 35 + (2.0 × 10)

= 35+20

= 55 units

We should note that Tammi already has 12 cushions in stock, therefore the order quantity will be:

= 55 - 12

= 43 units

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Answer:

d. Behavioral

Explanation:

Behavioral approach defines how a leader interact with its followers. It also includes the actions of a leader towards its followers.

In behavioral approach to leadership, anyone can become a leader if they want to, but such leader trainings and observations for effective leadership. The behavioral approach centers on interpersonal relationship between a leader and its followers. There is also an aspect of behavioral approach - task behavior which focuses on workers achieving set targets at workplace while relationship behavior help workers feel safe and comfortable by their leaders in their place of work.

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2 years ago
Which of the following equations is true? Select one: a. Contribution margin = Sales revenue × Variable cost ratio b. Contributi
m_a_m_a [10]

Answer: c. Contribution margin ratio = 1 − Variable cost ratio

Explanation:

The Contribution margin ratio is defined as the difference between the sales price of a good and it's variable costs. It is expressed as a percentage.

The formula is,

Contribution Margin Ratio = Sales - Variable Costs / Sales

Breaking the formula down further we have,

Contribution Margin Ratio = Sales/ Sales - Variable Costs / Sales

Contribution Margin Ratio = 1 - Variable Costs / Sales

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So Option C is correct.

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2 years ago
Girls only write your snap in the comments or just write it in your answer ?
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3 years ago
Ring Technology has a capital budget of $850,000, it wants to maintain a target capital structure of 35% debt and 65% equity, an
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Answer:

b. $ 952,500

Explanation:

The computation of the amount of the net income for earning to meet out the requirement is shown below:

Dividend = Net income - Target Equity ratio × Total capital budget

$400,000 = Net income - 0.65 × $850,000

$400,000 = Net income - $552,500

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in 1998 fischer corp issued bonds with an 8 percent coupon rate and a 1000 face value. the bonds mature on marc 1, 2023. if an i
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Answer:

approximate YTM = 7.48%

Explanation:

the approximate yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

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approximate YTM = 0.0748 ≈ 7.48%

5 0
3 years ago
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