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horsena [70]
3 years ago
8

The annual demand for a product is 14,400 units. The weekly demand is 277 units with a standard deviation of 80 units. The cost

to place an order is $28.00, and the time from ordering to receipt is eight weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places.)
Business
1 answer:
shusha [124]3 years ago
6 0

Answer:

2589.56 units

Explanation:

Given that

Annual Demand = 14400 units

Weekly Demand = 277 units

Standard Deviation = 80 units

Ordering cost = $ 28

Lead Time = 8 weeks

Carrying cost = $ 0.10 / unit

Based on the above information  

a) For a 95 percent service level, the value of z by referring to the Normal Table in Appendix A) is 1.65

The reorder point is computed as follows:

= Weekly Demand × Lead Time + Z × Standard Deviation × √ Lead Time

=277 × 8 + 1.65 × 80 × √8

= 2216+ 373.56

= 2589.56 units

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Answer:

A policy instrument (variable directly under the control of policy makers)

Explanation:

The Fed's discount rate is a monetary policy tool used to expand or contract the money supply.

When the Fed lowers the discount rate, it is engaging in an expansionary monetary policy which will increase the money supply, lower interest rates and increase total aggregate demand.

When the Fed raises the discount rate, it is engaging in a contractionary monetary policy which will decrease the money supply, increase interest rates and fight rising inflation.

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3 years ago
During the current year, Awning Company reported investment revenue of $4,000 from long-term investments reported using the equi
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Answer:

cash dividends: 3,000

Explanation:

We can solve for cash dividends based on how the equity method works:

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beginning + inomce - dividends = ending

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7 0
3 years ago
The eight types of waste include all of the following except:
hoa [83]

The eight types of waste in lean manufacturing include all of the following except verifying and checking.

<h3>How to illustrate the information?</h3>

Lean manufacturing is a production method that is aimed at reducing response times within the production system from the suppliers and to customers.

It should be noted that the types of waste include :

  • Transport.
  • Inventory.
  • Motion.
  • Waiting.
  • Overproduction.
  • Overprocessing.
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  • Unutilized talent.

Therefore, verifying and checking isn't an option.

<u>Complete question:</u>

The eight types of waste in lean manufacturing include all of the following except:

Transport and Inventory.

Motion and Waiting.

Overproduction and Overprocessing.

Defects and Unutilized talent.

Verifying and Checking.

Learn more about the manufacturing on:

brainly.com/question/26320301

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2 years ago
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a. True

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Answer:

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