Answer:
Order quantity = 478units
Reorder point = 420 per week
Explanation:
Given
Item cost =$8
Standard deviation of weekly demand = 20 per week
Order cost(C) = $207
Lead time = 3 weeks
Annual holding cost (H) = 24% of item cost
Service probability = 99%
Annual demand(D) = 27,400
Average demand = 548 per week
Order quantity = sqrt[(2 × D × C) ÷ H]
Order quantity = sqrt[(2 × 27400 × 207) ÷ (0.24 × 207)]
sqrt[ 11343600 ÷ 49.68]
= 477.84
Order quantity = 478 units
Reorder Point = Lead time × daily usage
21 × 20 = 420
An organization's vision statement describes what the organization hopes to become in the future.
Answer:
All of the above are correct
Explanation:
For a poor country to catch up, there has to be an improvement in its infrastructure, education, human capital, innovation, unemployment levels and security.
If there's an outbreak of disease, human capital is negatively affected and this can hamper development .
Also, if heavy tariffs are imposed on companies , it would increase the cost of doing business. This might discourage firms from setting up in that country. This can negatively affect innovation and levels of employment .
If officials are corrupt, the funds needed to build infrastructure and provide basic amenities would be embezzled. This would affect catching up
I hope my answer helps you
Answer:
A. Company X pay bills in 19 days
Explanation:
Days Payable Outstanding indicates that the average payables are 19 days old. It is calculated by dividing the credit purchases by the average payables.
The other options are not valid due to following:
B: Company X has more equity than debt, this is negated by the Debt/ Equity ratio is 1.4 which indicates that the debt is 140 % ties of equity.
C: The Company pays bills in 20 days. It is negated by the Days payable outstanding which is 19.
D: Company pays interest in 12 days, is invalid as the Times Interest Earned indicates that the Company is earning 12 times its interest costs.
E: Company generates $ 3.10 in profit per dollar invested in assets is also not valid .
Explanation:
a. The computation of the economic order quantity is shown below:
= 130 units
The carrying cost is
= $90 × 20%
= $18
b. Total annual cost is
= $2,323.79
c. The number of orders would be equal to
= Annual demand ÷ economic order quantity
= $300 ÷ 130 units
= 2.31 orders
d, The time between orders is
= 52 weeks ÷ 2.31 orders
= 22.51 weeks