Answer:
B) greater than $30 but less than $40
Explanation:
the options are missing:
A) less than or equal to $30
B) greater than $30 but less than $40
C) greater than $40 but less than $50
D) greater than $50
we must first calculate safety stock = (Z-score x √lead time x standard deviation of demand) + (Z-score x standard deviation of lead time x average demand)
- Z-score for 98% confidence level = 2.326
- standard deviation of demand = 30
- √lead time = √5 = 2.23607
- we are not given any standard deviation of lead time, so we can assume that it is 0
safety stock = (2.326 x √2.23607 x 30) + (2.326 x 0 x 300) = 156.03 ≈ 156 units
the annual holding cost of 156 units = 156 x $0.25 = $39
Answer:
Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.
Explanation:
Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>
An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>
He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.
She is not being proactive and waking up early enough to get on the bus
$3.20
Take the total sales divided by total customers.
Sales of hotdogs 40* $2 = $80
of grilled cheese 10* $5 = $50
of cheeseburgers 5 * $6 = $30
Total sales $160/50 customer = $3.20/per customer
Interest on purchase consideration, the salary of partners, and interest on vendor capital are to be charged during the pre-incorporation period.
