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nasty-shy [4]
3 years ago
11

A certain company reorders envelopes when it stock drops to 15 boxes, although demand for envelopes during lead time is normally

distributed with a mean of 10 boxes and a standard deviation of 3 boxes. Which of the following is closest to the probability of this company stocking out before a new order of envelopes arrives?
Business
2 answers:
GaryK [48]3 years ago
8 0

Answer:

25%

Explanation:

The reorder point is the inventory management system in which a certain level of inventory is set as a trigger for reordering the stock. The probability to stocking out before the new order of envelopes arises is 25%. The lead time is normally distributed with mean of 10 boxes.

(reorder point - normally distributed mean) / standard deviation

15 boxes - 10 boxes / 3 boxes = 1.67

To calculate probability of stocking out for the company,

1.67 * 15 boxes reorder point = 25%

marissa [1.9K]3 years ago
6 0

Question: The options were not given in the question. here are the options;

a. 50%

b. 75%

c. 5%

d. 95%

e. 25%

Answer:

The correct option is D. 95%

Explanation:

ROP = demand during lead time + (Z * standard deviation of lead time demand)

15 = 10 + (Z * 3)

Z = 1.667

For Z = 1.667, service level is nearly 95%

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Gene is a self-employed taxpayer working from his home. His net business profit is $7,000 before home office expenses. His alloc
anyanavicka [17]

Answer:

D) Only $7,000 of the office expenses can be deducted; the remaining $1,000 can be carried forward to future tax years.

Explanation:

Since Gene's profit before home expenses is only $7,000, he can only deduct up to $7,000 for this year. That way his net profit will be $0. The remaining $1,000 must be carried forward so that he can use them in the future, probably next year he will add them to his deductions. If a business losses money, the government pay you anything, taxes only work one way, you have to pay.

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3 years ago
Best Foods Company is considering expanding beyond the regional market segments now served by its Hellmann's mayonnaise. One cri
LenaWriter [7]

Answer:

A. Best Food's competitive position in the segment

Explanation:

Best Food's competitive position in the segment is an example of the criterion used to select target market segments.

It would be used by the management to evaluate and analyze potential new geographic market segments in order to know whether new equipment must be bought to serve each new segment.

7 0
3 years ago
Read 2 more answers
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transporta
icang [17]

Answer:

d. The skill level of workers is identical in both countries.

Explanation:

The Law of One Price is an economic theory which explains that the price of identical or similar goods in different markets must be the same after taking the currency exchange into consideration. In law of one price, there is perfect competition and It ensures that buyers have the same purchasing power across global markets.

8 0
3 years ago
Over the next three years, Distant Groves wl pay annual dividends of $.65, S.70, and $.75 a share, respectively. After that, div
hichkok12 [17]

Answer:

c) $5.68

Explanation:

The worth of this stock today is the present value of the future dividends which is computed by discounting future dividends as well as the terminal value using the required rate of return of 14.5% as the appropriate discount rate as shown thus:

Year 1 dividend=$.65

Year 2 dividend=$0.70

Year 3 dividend=$0.75

terminal value of dividends=Year 3 dividend*(1+g)/Ke-g

g=dividend terminal growth rate=2%

Ke=required rate of return=14.5%

terminal value of dividends=$0.75*(1+2%)/(14.5%-2%)=$ 6.12  

Share price=$.65/(1+14.5%)^1+$.70/(1+14.5%)^2+$.75/(1+14.5%)^3+$6.12/(1+14.5%)^3

share price=$5.68  

5 0
2 years ago
The unemployment rate in the United States is usually​ ________ than the unemployment rates in most other​ high-income countries
bogdanovich [222]

Answer:

The answers are:

  • lower
  • more stringent

Explanation:

In order for an individual to be considered unemployed, the individual must be over 18 years old, be currently out of job, but actively seeking a new job.

The current unemployment rate in the US is 3.7% (as of August 2019) while the unemployment rate in the EU is 6.2%.

In order for an individual to collect unemployment benefits, usually he or she must meet the following requisites:

  • They must be out of work through no fault of their own.
  • They must meet minimum earnings or job tenure requirements.
  • They must be able, available, and actively seeking work.

4 0
3 years ago
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