Kristen's current credit score does not qualify her for a conforming conventional loan, but she is eager to purchase a house. Wh
1 answer:
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Answer:
0.6
Explanation:
Data provided :
Mean = 100
Standard deviation = 20
Salvage value of the tree = $ 0
Actual cost of the tree = $ 20
Selling cost of the trees = $ 50
Now, the cost of shortage = Selling cost - actual cost = $ 50 - $ 20 = $ 30
and the outrage cost = actual cost = $ 20
Now,
the service level is calculated as:
service level =
on substituting the value, we get
service level =
or
Service level = 0.6
Answer:
Inventory Turnover Ratio = 7.43 times
Explanation: Due to missing data following assumptions have been taken:
<u>Assumptions</u><u>:</u> Sales Value: $600,000
Gross Profit: $80,000
Opening Inventory: $ 60,000
Closing Inventory: $80,000
Inventory Turnover Ratio =
Cost Of Goods Sold = Sales - Gross Profit = $600,000 - $80,000 = $520,000
Average Stock =
WHERE, OS = Opening Stock
CS= Closing Stock
Average Stock = $70,000
Inventory Turnover Ratio = = 7.43 times