Answer:
219 sheets
Explanation:
D = 5000 per year,
d = daily demand = 5000/365 = 13.70 sheets
T = time between orders (review) = 14 days
L = Lead time = 10 days
σd= Standard deviation of daily demand = 5 per day
I = Current Inventory = 150 sheets Service Level
P = 95% (Probability of not stocking out) q=d(L+D)z σ T+L-1
σ T+L-1= square root (T+L)=5 square root 14+10= 24.495
From Standard normal distribution, z = 1.64 for 95% Service Level (or 5% Stock out)
q=13.70*(14+10)+1.64(24.495)-150
= 218.97 →219 sheets
Answer:
Shareholders can have control over business decisions. With a loan, all the owner owes is principle and interest
As long as you have no dependents
1040EZ is the simplified tax paying form made by IRS. In order to use it you juts have to select your tax filling status and enter some details for your tax counting.
But if you have a dependent ( like a spouse who claimed that you should pay for your child's education fund) , you can not use 1040EZ
Answer: Sky's effective interest rate on this loan is 8.39%.
In this question, we assume that interest is compounded annually.
Since Sky issues a non-interest bearing note, Star Finance will deduct 7 months' interest at 8% on the Face Value of the loan and pay the rest as principal to Sky.
Face value of the note $16 million
Discount Rate p.a 8%
Tenure of the note 7 months
[tex]Loan Amount received by Sky = Face Value - Discount on note[/tex]
So, Sky pays an interest of 0.746666667 on a sum of 15.25333333 for 7 months. This works out to a seven month interest of:
From this we can work out the effective interest rate for Sky as follows:
