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Bumek [7]
3 years ago
6

Average daily demand is 50 units and the standard deviation is 5 units. Lead time is 2 days and the service level is 95%. A peri

odic review system is used where the time between orders is 7 days. What should the target level be set at
Business
1 answer:
Elis [28]3 years ago
7 0

Answer:

475

Explanation:

The computation of the target level that should be set is given below:

= demand per day × (lead time + review period)+ safety stock

where

safety stock is

= z value at service level × standard deviation × √(review period + lead time)

= 1.64 × 5 × √(7 + 2)

= 24.67

Now the target level should be

= 50 × (7 + 2) + 24.67

= 474.67

= 475

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velikii [3]

Answer:

The journal entry should be:

Dr Merchandise Inventory account 50,000

Cr Retained Earnings account 50,000

Explanation:

Since Oscar's merchandise inventory was understated by $50,000 because of the previous inventory method (LIFO), when the new method, FIFO, starts to be used then the merchandise inventory must increase by $50,000 as well as retained earnings.

Merchandise inventory is an asset account and it increases, therefore it should be debited.

Retained earnings is an equity account and it increases, therefore it should be credited.

3 0
4 years ago
You made an error when you filed your tax return last year. You can correct this error by filing Form________
castortr0y [4]

Answer:

1040X

Explanation:

Form 1040X should be filled to make any amendments in the returns filed incorrectly. It is similar to Form 1040 with additional columns. It has additional columns, first column (A) where incorrect value is put, net change is put in the second column (B) and in the final column (C), correct amount is put. After recalculation, if a taxpayer owes additional tax, then 1040X should be filed by the due date. In case of refunds, 1040X can be filed within 3 years after the original returns were filed or 2 years from original tax paid.

4 0
4 years ago
When Alfred Weber published his book Theory of the Location of Industries (1909), what did he select as the critical determinant
ELEN [110]

Answer:

Transportation costs.

Explanation:

Alfred Weber lamented in his theory that the industries would set up where the least cost of transportation of raw material and finished goods would incur.

  • He determined transportation costs on the basis of the difference of weight of raw material coming in and final product going out. And the proximity to the source of raw material.

4 0
3 years ago
1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a r
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Hmmmmmmmmm I have no idea this is a tough question
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"The image is attached below"

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Similarly, if Little Panda climbs the tree there will be cost of 0Kc for climbing the tree.

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That is the payoff will be as:

If BP climbs the tree the payoff cost will be 4Kc, 4Kc

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In this case Big panda will chosoe not to climb the tree.

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8 0
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