Given the following information, formulate an inventory management system.
The item is d...
Business, 02.03.2020 23:32 tamiyahtapp
Given the following information, formulate an inventory management system.
The item is demanded 50 weeks a year.
Item cost: $12.00
Standard deviation of weekly demand: 20 per week
Order cost: $ 213.00
Lead time: 2 weeks
Annual holding cost (%): 20 % of item cost
Service probability: 95 %
Annual demand: 26,100
Average demand: 522 per week
a. Determine the order quantity and reorder point. (Use Excel's NORMSINV( ) function to find your z-value and then round that z-value to 2 decimal places. Do not round any other intermediate calculations. Round your final answers to the nearest whole number.)
b. Determine the annual holding and order costs. (Do not round any intermediate calculations. Round your final answers to 2 decimal places.
c. Assume a price break of $55 per order was offered for purchase quantities of 2,300 units per order. If you took advantage of this price break, how much would you save annually? (Do not round any intermediate calculations (including number of setups per year). Round your final answer to 2 decimal places.)
Answers: 1
Business, 22.06.2019 07:20, amcdonald009
Suppose that real interest rates increase across europe. this development will u. s. net capital outflow at all u. s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.
Answers: 1
Business, 22.06.2019 19:20, cathydaves
Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:
Answers: 1
Business, 22.06.2019 20:20, saurav76
Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments. a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b
Answers: 2
History, 30.10.2019 01:31
Social Studies, 30.10.2019 01:31
Health, 30.10.2019 01:31
English, 30.10.2019 01:31
SAT, 30.10.2019 01:31
Mathematics, 30.10.2019 01:31
Mathematics, 30.10.2019 01:31