Answer:
245 units reduction.
Explanation:
What is safety stocks?
Safety stocks can be defined as the extra stock that is been kept by business organizations in order to minimize their risk. One can not successfully say that an amount of a material will be need at a particular period of time by the consumers and this is the reason many companies or industries or business organizations do keep safety stocks in their inventory.
So, let us proceed in to solving the question.
The parameters given in the question are; lead time = 5 weeks, standard deviation of demand during the lead time = 85 units, desired cycle-service level = 99%.
We can calculate the value of units for the Reduction in safety stocks by using the formula below;
Reduction in safety stocks=safety stocks - revised safety stocks.
Reduction in safety stocks = 443 - (2.33 × 85 units × 1 week lead time)
Reduction in safety stocks = (443 - 198) units = 245 units.
Note that 2.33 is from the 99% service level) and the 443 is from the 5 weeks lead time which can be Calculated using; (maximum daily usage × maximum lead time in days) - (average daily usage) × average lead time in days.
Answer:
The formula to calculate Economic Order Quantity is.
Thus,
D = demand rate
P = Unit cost
H = holding cost per gallon per months
S = ordering cost
It very well may be seen that order quantity is legitimately relative to demand rate and ordering cost. ordering quantity is conversely corresponding to holding cost. In this manner, the ordering quantity relies upon demand rate, ordering cost and holding cost as order quantity is legitimately relative to demand rate and ordering cost.
Along these lines. Vetox sells may arrange number of gallons with containers or barrels extending on the Demand rate. ordering cost and holding cost factors.
Answer:
The communication and education strategies Will be my guidelines in achieving my goals
Explanation:
With the right knowledge of effective communication, in the areas of individual and group communication respectively, I will be able to effectively harness proposes plans and goals that awaits me as a HR professional. Secondly, with a sound understanding of educational tools which are inevitable in Management - Subordinate relationship, I will also be able to channel my focus to various results oriented trainings for various categories of workers.
Three Ethical challenges HR encounters
1. communication gap: This is the most difficult issues a HR can encounter. Some employer relegate the role if an HR to a mere admin manager, neglecting the fact that every employee wishes to be involved in the basic operations of the organisation. With a clear communication policy, such can be managed.
2. Gender differences: Some men teds to be bullies to their female counterpart at same level. A professional HR will always have a policy on discrimination.
3. Compensation and rewards: getting the approval and consent of other management team can be dicing as a HR professional. Organizing an award and recognition program can manage most if these challenges.
The above answer can be explained as under -
The journal entry to record estimated warranty expense is -
Warranty Expense Dr. ............. $ 17,800
Estimated Warranty Liability .......... Cr. $ 17,800.
The estimated warranty liability is calculated on the basis of the credit sales of the year and percentage estimated. Here, the credit sales of the year is $ 356,000 and the estimated percentage is 5 % of credit sales. Thus, estimated warranty liability is = $ 356,000 
Answer:
My return will be 1.37% lower.
Explanation:
Total expenditure:
= Number of stocks×Number of times×Commission and spread per trade
= 10×5×$29
= $1,450
In % form:
= $1,450/$106,000
= 1.37%
My return will be 1.37% lower.
