0.142466 would be the upper control limit for a p-chart
Solution:
Given ,
Sample of 50 shipments
Average percentage of incorrect shipments = 5%
(
ESD = 
= 
= 0.03082207 ( Remove square root )
UCL = Pbar + ( 3 * ESD)
= 0.05 + (3 * 0.03082207)
= 0.14246621
Answer: Reveals how many times a company sells its merchandise inventory during a period.
Explanation:
The Inventory Turnover Ratio is used to measure how often a company is able to sell off all its inventory within a single period. The higher this is, the better because it means that the company has a high sales rate and is incurring low storage costs since the inventory does not stay with them for long.
It is important to use this ratio relative to the type of industry it is being applied to however. For instance, a car dealership would be expected to have a lower inventory turnover ratio than a grocery store so comparing them using this ratio would be inaccurate.
Answer:The answer is $95,000 Loss
Explanation:
Income statement
$
Sales. 450,000
Less:variable cost.
Manufacturing expenses 128,000
Sales commission. 54,000
Shipping. 15,000
---------------- 197,000
-----------------
Contribution. 253,000
Less Fixed Overhead
Advertising. 23,000
Depreciation. 112,000
General factory overhead 49,000
Salary of production line manager 118,000
Insurance on inventories. 6,000
Purchasing department. 40,000
-----------------
348,000
-----------------
Profit/Loss. ( 95,000) Loss
--------------------------
Based on the income statement that showed a loss of $95,000 or decrease in operating income, Yes I would recommend that bilge pump product be discontinued.
Rising inventory typically indicate POSITIVE unplanned inventory investment and a SLOWING economy. Positive unplanned inventory usually occur when actual sales are less than expected while negative unplanned inventory occur when real GDP is smaller than planned aggregate spending.
Answer:
c) advertising nationally
Explanation:
This is a common mass marketing strategy used by famous brands, and the only way to make sure all cohorts and demographics see your brand message. Showcasing at trade shows will be effective just for a smaller group of people. Advertising nationally will not only help you attract more consumers, but it will help you build better marketing analytics and segmentation too.
