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Ne4ueva [31]
3 years ago
13

Daily demand for a certain product is normally distributed with a mean of 138 and a standard deviation of 13. The supplier is re

liable and maintains a constant lead time of 7 days. The cost of placing an order is $17 and the cost of holding inventory is $0.40 per unit per year. There are no stock-out costs, and unfilled orders are filled as soon as the order arrives. Assume sales occur over 358 days of the year.
Your goal here is to find the order quantity and reorder point to satisfy a 73 percent probability of not stocking out during the lead time.
a. To manage inventory, the company is using
Continuous review system
Periodic review system
b. Find the order quantity. (Round your answer to the nearest whole number.)
Order quantity books
c. Find the reorder point. (Use Excel's NORMSINV() 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.)
Reorder point
Business
1 answer:
VMariaS [17]3 years ago
4 0

Answer:

A. Continuous review system

B. Order quantity = 2,049 Books

C. Reorder point=987

Explanation:

a. To manage inventory, the company is using CONTINUOUS REVIEW SYSTEM

b. Calculation to find the order quality

Using this formula

Order quantity = √((2DS)/H)

Let plug in the morning

Order quantity=√ ((2 x 49,404 x 17)/0.40)

Order quantity = 2,049 Books

Calculation for annual demand

Annual demand=138*358 days

Annual demand=49,404

C. Calculation for reorder point

First step is to find the σL

73 % S.L. - z = 0.613

Using this formula to find the σL

σL = (Lσ^2)

Let plug in the formula

σL=√(7(13)^2)

σL= 34.39

Second step is to find the Reorder point using this formula

Reorder point = d bar(L) + zσL

Let plug in the formula

Reorder point = (138)(7) + 0.613(34.39)

Reorder point = 966+21

Reorder point=987

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Answer:

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3 years ago
The stockholders’ equity section of Velcro World is presented here.
Nina [5.8K]

Answer:

Velcro World

1. Prefered stock issued = 5,800,000

2. Common stock issued = 28,000,000

3. Average price of preferred stock = $38

4. Net income for the year =                       $66

5. Average cost per share of the treasury stock acquired =  $30

Explanation:

a) Data and Calculations:

VELCRO WORLD

Balance Sheet (partial)

($ and shares in thousands)

Stockholders' equity:

Preferred stock, $1 par value      $ 5,800

Common stock, $1 par value       28,000

Additional paid-in capital         1,028,600

Total paid-in capital                 1,062,400

Retained earnings                     286,000

Treasury stock, 12,000             (360,000)

Total stockholders' equity     $ 988,400

1. Prefered stock issued = 5,800,000

2. Common stock issued = 28,000,000

3. Additional paid in capital = 1,028,600,000

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Preferred stock (part)               216,600,000

add Preferred stock                     5,800,000

Total preferred stock value    222,400,000

Average price = 222,400,000/5,800,000 = $38

4. Retained earnings at the end =        $286,000,000

add dividends paid during the year          30,000,000

Retained earnings at the beginning = $250,000,000

Net income for the year =                       $66,000,000

$66

5. Average cost per share of the treasury stock acquired = $360,000,000/12,000,000 = $30

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Answer:

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The strategic can be short as well as long term , depending on the time period of the project .

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The correct option is C. strategic vision .

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Its nonexcludable because it is a product that an individual,can consume without reducing its availability to another individual
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Social intelligence according to the original definition of Edward Thorndike, is "the ability to understand and manage men and women, boys and girls, to act wisely in human relations" It is equivalent to interpersonal intelligence, one of the types of intelligences identified in Howard Gardner's Theory of multiple intelligences, and closely related to theory of mind.

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