If the standard deviation of demand is six per week, demand is 50 per week, and the desired service level is 95%, approximately what is the statistical safety stock?
A) 8 units
B) 10 units
C) 16 units
D) 64 units
E) Cannot be determined without lead time data.
E
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Which of the following is true of businesses with negative customer value?
A) They produce higher levels of pre-tax return on investment. B) They tend to gain market share. C) Their performance benefits exceed the cost of purchase. D) Their value propositions are average. E) They have great difficulty in retaining customers.
Which one of the following is not an audit procedure used when testing restructuring charges?
a. Review current and proposed financial accounting standards to determine if changes have occurred in accounting for restructuring. b. Evaluate the qualifications of management. c. Mathematically test the estimates. d. Review and independently test the estimates by reviewing (a) contracts, (b) appraisals for property or estimates from investment bankers, and (c) severance contracts.
A company has net sales of $1,831,800.00 and average accounts receivable of $426,000.00. What is its accounts receivable turnover for the period?
A. 23.90 B. 4.30 C. 7.60 D. 0.33 E. 78.20
A company borrowed $10,000 by signing a 180-day promissory note at 9%. The total interest due on the maturity date is: (Use 360 days a year.)
A. $300 B. $900 C. $450 D. $75 E. $1,800