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Kamila [148]
3 years ago
10

After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking

through the store and stockrooms, you find a great discrepancy in service levels. Some spaces and bins for items are completely empty; others have supplies that are covered with dust and have obviously been there a long time. You decide to take on the project of establishing consistent levels of inventory to meet customer demands. Most of your supplies are purchased from just a few distributors that call on your store once every two weeks. You choose, as your first item for study, computer printer paper. You examine the sales records and purchase orders and find that demand for the past 12 months was 5,000 boxes. Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 10 boxes. You also search out these figures:
Cost per box of paper: $11.
Desired service probability: 98 percent.
Store is open every day.
Salesperson visits every two weeks.
Delivery time following visit is three days.

Using your procedure, how many boxes of paper would be ordered if, on the day the salesperson calls, 60 boxes are on hand?
Business
1 answer:
MakcuM [25]3 years ago
6 0

Answer:

257 boxes

Explanation:

The computation is given below;

Daily Demand would be

= 5000 ÷ 365

Standard Deviation = 10 boxes

Lead Time = 2 Weeks + 3 Days = 17 Days

Service Level = 0.98

Reorder Point = avg(d) × LT + z ×  σd × sqrt(LT)

= 5000 ÷ 365 × 17 + 2.05 × 10 × 170.5

= 317

So, the number of boxes should be ordered is  

= 317 - 60

= 257 boxes

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atroni [7]

Answer: Check attachment

Explanation:

Apr. 17:

Account payable:

= $6500 - $900

= $5600

Merchandise Inventory

= $5600 × 2%

= $5600 × 0.02

= $112

Cash = $5600 - $112

= $5488

Apr. 28:

Account payable:

= $12300 - $500

= $11800

Merchandise inventory

= $11800 × 1%

= $11800 × 0.01

= $118

Cash = $11682

Check attachment

8 0
3 years ago
Curley Publishers Inc. projected sales of 51,000 diaries for 2016. The estimated January 1, 2016, inventory is 3,600 units, and
Makovka662 [10]

Answer:

47,900

Explanation:

The projected sales for curley publishers is 51,000

The beginning inventory is 3,600

The ending inventory is 5,000

The budgeted projection units in 2016 can be calculated as follows

= 51,000+5000

= 51,500-3600

= 47,900

Hence budgeted projection units is 47,900

8 0
3 years ago
Which of the following sentences are correctly punctuated? Check all that apply. Jessica’s former office mates who joined the co
skelet666 [1.2K]

Answer:

Explanation:

Jessica’s former office mates who joined the company at the same time she did have either been promoted or changed jobs. WRONG

Jessica’s former office mates, who joined the company at the same time she did, have either been promoted or changed jobs. RIGHT

In the file cabinet under O you’ll find a printed copy of the operations manual. RIGHT

Speaking well is important, yet it is not everything. RIGHT

Due to our recent expansion, our company address has changed to 3400 Industrial Way Suite 2031, Newnan GA 30265. WRONG

Due to our recent expansion, our company address has changed to 3400 Industrial Way, Suite 2031, Newnan GA 30265.  RIGHT

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When you accept the award this evening, speak with confidence, enthusiasm and appreciation in your voice. RIGHT

8 0
3 years ago
Jack received a court award in a civil libel and slander suit against National Gossip. He received $120,000 for damages to his p
mars1129 [50]

Answer:

Jack must include in his gross income as a damage award: $270,000

Explanation:

$120,000 for damages to his professional reputation

$100,000 for damages to his personal reputation

$50,000 in punitive damages

Now , Sum them to get gross income as a damage award

= $120,000 + $100,000 + $50,000

= $270,000

5 0
3 years ago
Jeffrey Pfeffer and Robert Sutton believed that evidence-based management is founded on the belief that facing the hard facts ab
ipn [44]

Answer:

True

Explanation:

Jeffrey Pfeffer a Professor of Organizational Behavior and Robert I. Sutton a Professor of Management Science and Engineering both Stanford’s Graduate School of Business gave an approach to decision making in an organization as an action that is driven by hard facts rather than half truths.

7 0
3 years ago
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