Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2 days for lead time, 50 units of inventory on hand, a service probability of 95 percent, and a standard deviation of demand over the review and lead time of 8 units, which of the following is the order quantity?
A. 4,510
B. 1,044
C. 863
D. 1,178
E. 948
Answer: C
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A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4900. The company calls these bonds at a price of $93,000 the gain or loss on retirement is:
A. $2100 gain. B. $7000 gain. C. $2100 loss. D. $0 gain or loss. E. $7000 loss.
List the criteria for evaluating secondary data (Table 4.2 in the text)
What will be an ideal response?
Use this information to answer the following question. These facts concern the long-term stock investments of DeBord Corporation: June 1, 2014 Paid cash for the following long-term investments: 5,000 shares Vanhook Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Shust Corporation common stock (representing 3 percent of outstanding stock) at
$24 per share. Dec. 31, 2014 Quoted market prices at year end: Vanhook common stock, $35; Shust common stock, $27. April 1, 2015 A change in policy required the sale of 1,000 shares of Vanhook Corporation common stock at $38. July 1, 2015 Received a cash dividend from Shust Corporation equal to $.30 per share. Dec. 31, 2015 Quoted market prices at year end: Vanhook common stock, $39; Shust common stock, $22. The entry to record the receipt of the cash dividend from Shust Corporation is: A) Investment in Shust Corporation 900 Cash 900 B) Cash 900 Dividend Income 900 C) Dividend Income 900 Cash 900 D) Cash 900 Investment in Shust Corporation 900
The ________________ is a prediction of future sales performance.
Fill in the blank(s) with the appropriate word(s).