If the store wants the probability of stocking out to be no more than 5%, and demand each day is independent of the day before, what reorder point should be set?
Daily demand for packages of five videotapes at a warehouse store is found to be normally distributed with mean 50 and standard deviation 5. When the store orders more tapes, the ordering cost is $42 and the orders take four days to arrive. Each pack of tapes costs $7.20, and there is a 24% annual holding cost for inventory. Assume the store is open 360 days a year.
DDLT is N(200,10)
r = 200 + 1.645(10) = 216.45
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Luke offered to sell his farm to Kent at $75,000, an offer which Kent declined. A week later, Luke offered to sell the farm for $65,000, stating it was the final offer that would be valid for one month only
Two days later, Kent offered to pay $60,000 for the farm. Luke received Kent's offer a week later and he declined it. After ten days, Kent agreed to buy the farm for $65,000, but Luke refused to sell the farm. Kent decided to sue Luke for a breach of contract. The judge ruled in favor of Luke. Which one of the following is the reason for the ruling in Luke's favor? A) Luke's original offer of $75,000 is still valid, even though rejected. B) Kent's counteroffer of $60,000 had rendered the offer for $65,000 invalid. C) Kent's acceptance was past the set time period in the offer. D) Kent acted in an incompetent manner toward the offer.
NuTrend Clothing Corporation is a public company whose securities are traded among investors. Under the Securities Act of 1933, a security is? A) almost any stake in the ownership or debt of a company
B) an investment that is guaranteed to make a profit. C) only such common forms of debt and equity as bonds and stocks. D) whatever a company represents to the public as a security.
_____ is a process for identifying and modeling business events, who initiated them, and how the system should respond to them
Fill in the blank(s) with correct word
Which of the following compares information contained in a firm's financial statements over a period of two or more years?
a. Regression control chart b. Lorenz curve c. Self-similarity matrix d. Horizontal analysis