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krek1111 [17]
3 years ago
14

You are a production planner for stanley tools. stanley tools faces an annual demand of 1,000 screws. production rate is 8 screw

s per day. production setup cost is $10 per setup and annual holding cost is $2 per screw. stanley tools operates 250 days in a year. (a) what is the optimum production run quantity? (b) what is the maximum inventory level?
Business
1 answer:
kipiarov [429]3 years ago
4 0
<span>$2 per screw. stanley tools operates 250 days in a year.</span>
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A Food Marketing Institute found that 52% of households spend more than $125 a week on groceries. Assume the population proporti
kkurt [141]

Answer:

P(p>0.38) = P(z>-2.79)

And using the complement rule we got:

P(p>0.38) = P(z>-2.79)=1-P(Z

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".  

Solution to the problem

For this case wwe know that p = 0.52 and n = 99 and we can check if we can use the normal approximation for the proportion distribution.

np= 99*0.52= 51.48>10

n(1-p) =99*(1-0.52) = 47.52>10

So then we can use the normal approximation.

The population proportion have the following distribution

p \sim N(p,\sqrt{\frac{p(1-p)}{n}})

The mean is given by:

\mu_{p} = 0.52

And the standard error is given by:

\sigma_{p} = \sqrt{\frac{0.52*(1-0.52)}{99}}= 0.0502

We want to calculate this probability:

P(p >0.38)

And for this case we can calculate the z score given by:

z = \frac{p \mu_p}{\sigma_p}

And replacing we got:

z=\frac{0.38-0.52}{0.0502} = -2.79

And using this formula:

P(p>0.38) = P(z>-2.79)

And using the complement rule we got:

P(p>0.38) = P(z>-2.79)=1-P(Z

4 0
4 years ago
On September 1, 2018, Drill Far Company purchased a tract of land for $2,300,000. The land is estimated to have a salvage value
kipiarov [429]

Answer:

$562,500

Explanation:

Depletion expenses = Land expenses

Depletion expenses = [$2,300,000 - $50,000 / 4]

Depletion expenses = $2,250,000 / 4

Depletion expenses = $562500

So, the depletion expense recorded for 2018 is $562,500

6 0
3 years ago
Sergey Brin and Larry Page are the founders of Google. Most would agree that they have a superb product, but in order to grow, t
SVETLANKA909090 [29]

Answer:

The correct answer is b) organizing.

Explanation:

The organization of a company (business organization) is an administrative function that includes the organization, structuring and integration of the organic units and the resources (material, financial, human and technological) of a company, as well as the establishment of its attributions and relations between these.

The organization is the second administrative function after planning and before management and control. This allows for a better allocation and more efficient use of the company's resources necessary to carry out the activities and tasks necessary in turn to develop and apply the strategies and achieve the objectives established in the planning; but it also allows a better coordination between the different organic units of the company, and a better control of the personnel's performance as well as the results.

8 0
3 years ago
A convenience product would most likely be promoted through _____.
algol [13]

Answer:

a. segment Marketing

Explanation:

hope it helps you

3 0
3 years ago
Choose the statement below that correctly explains a general journal. Multiple choice question. A journal is a record of all of
Angelina_Jolie [31]

Based on the uses of a general journal, the best explanation of it is A journal is a complete record of each transaction in one place and includes the debit and credit of each transaction.

<h3>What is a general journal?</h3>

A general journal in a business allows for all the account balances to be recorded in one journal.

This means that it is a complete record of all the transactions that a business has been involved in which includes all the debits and credits associated with those transactions.

In conclusion, option D is correct.

Find out more on general journals at brainly.com/question/5374416.

3 0
2 years ago
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