Answer:
- Economic order quantity= 1406 units
- Safety Stock= 630 units
- Reorder Point= 14130 units
Explanation:
Given Demand D= 78,000units/year
Ordering cost S = $38.00/order
Holding cost H = $3.00unit/year
Average lead time = 9 weeks
Standard deviation of weekly demand = 120 units
a) Economic order quantity:
EOQ = \sqrt{(2*D*S)/H}
EOQ = \sqrt{(2*78000*38)/3}
1405.7 = <u>1406 Units</u>
b)<u>
Safety Stock:</u>
Weekly demand = 78000/52 =1500 units
Standard deviation of weekly demand = 120 units
Lead time is 9 weeks
Using the normsinv() in excel the Z value for the desired 96% service level is 1.75
Safety stock = z\sigma _{d}\sqrt{L}
= 1.75*120*\sqrt{9}
= 630 units
Reorder point = average lead time demand + safety stock
= lead time * weekly demand + saftey stock
= 9*1500 + 630
= 13500 + 630
Reorder point = 14130
Answer:
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)
and monthly payments (12 per year)?
Compare the annual cash outflows of the two payments.
- total semiannual payments per year = $2,820.62 x 2 = $5,641.24
- total monthly payments per year = $531.13 x 12 = $6,373.56
Why does the monthly payment plan have less total cash outflow each year?
- The monthly payment has a higher total cash outflow ($6,373.56 higher than $5,641.24), it is not lower. Since the compounding period is shorter, more interest is charged.
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)?
- $2,820.62 x 12 payments = $33,847.44 ($25,000 principal and $8,847.44 interests)
Explanation:
cabinet cost $25,000
interest rate 10%
we can use the present value of an annuity formula to determine the monthly payment:
present value = $25,000
PV annuity factor (5%, 12 periods) = 8.86325
payment = PV / annuity factor = $25,000 / 8.8633 = $2,820.62
present value = $25,000
PV annuity factor (0.8333%, 60 periods) = 47.06973
payment = PV / annuity factor = $25,000 / 47.06973 = $531.13
FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.
FOB Destination is an acronym for "Freight on Board" Destination
- The FOB Destination is a <em>marine term</em> used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.
- In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.
In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.
Read more on FOB Destination here
<em>brainly.com/question/15102930</em>
Answer:
C. workers with more years of formal schooling are less likely to be affected by ability, effort, and chance.
Explanation:
The <em>signalling theory in education</em> tells us that employees send "signals" to their employees regarding their education. In other words, employers are willing to pay higher wages to employees with additional years of formal schooling.
This means these qualified workers have their wage primarily defined by their education level, which does not always reflect their true skill-set (the output of ability and effort).
Pre- is probably the answer, I’m sorry if it’s wrong.
