Answer:
The correct answer is 74.22%.
Explanation:
As per the data given in the question,
Store is open for = 6 days per week
Demand = 27 units per day
Standard Deviation of daily demand = 5 units
Lead time for delivery = 6 days
Reorder point of = 170 units
As per the following formula,
Reorder point = Daily demand × Lead time + z value × standard deviation × sqrt(Lead time),
where z = implied cycle service level
170 = 27 × 6 + z × 5 × sqrt(6)
z = (170 - 27 × 6) / (5 × sqrt(6))
z = 0.65
From the Z table, Service level = 0.7422 or 74.22%.
Answer:
$2,000 favorable
Explanation:
The computation is shown below:
= Actual overhead cost - budgeted flexible costs
where,
Actual overhead cost = $250,000
And, the budgeted flexible cost would be
= Number of units produced × variable cost per unit + fixed cost
= 9,000 units × $8 + $180,000
= $72,000 + $180,000
= $252,000
The variable cost per unit would be
= $64,000 ÷ 8,000 units
= $8
So, the difference would be
= $250,000 - $252,000
= $2,000 favorable
Answer:
(D) global information
Explanation:
A global information system is an information system which is used in a global context. and deliver the totality of measurable data worldwide within a defined context.
Examples
Systems developed for multinational users, SAP, Oracle ,JDE, are a global ERP system
Global Information Systems for Education
The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that a<u>t the end of each year, the</u><u> account balances </u><u>are revised so that they accurately represent the c</u><u>urrent situation.</u>
This is further explained below.
<h3>What is
an income statement?</h3>
Generally, When a business first records its prepaid rent, it should do so in either an account on its income statement or one on its balance sheet.
The reason for this is because, at the end of each year, the balances of these accounts should be revised so that they more accurately reflect the situation at the moment.
In conclusion, An income statement, also known as a profit and loss account, is one of the financial statements that a business maintains.
It details the revenues and costs that the firm incurred during a certain time period. It describes the process through which the revenues are converted into the company's income or profit after taxes.
Read more about income statements,
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Answer:
True
Explanation:
This is an example of Constructive dilemma. It is a true rule of inference of propositional logic. It infers that, if P implies Q and R implies S and either P or R is true, then either Q or S has to be true. Therefore entering the teaching profession, means no money for vacations; and not entering the teaching profession, means no time for vacations. If you must either enter or not enter the teaching profession, it follows that either you will have no money or no time for vacations.
