A bakery uses 6 kanban containers that each hold 4 cakes. If safety stock is 2 cakes and lead time is 11 days, determine daily demand
What will be an ideal response?
6 = (2 + 11d)/4; d = (24 - 2)/11 = 2 cakes per day
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Answer the following statements true (T) or false (F)
1. The capital expenditures budget represents the company's plan for purchasing the long-term assets. 2. The forecast of sales revenue is the cornerstone of the master budget. 3. The level of forecasted sales has little effect on other elements of the master budget. 4. The production budget determines the number of units to be produced during the period. 5. If the amount of indirect materials needed for production is deemed to be insignificant, it should not be included in the direct materials budget.
Sioux Corporation is estimating the following sales for the first four months of next year: January$210,000February$280,000March$340,000April$370,000Sales are normally collected 60% in the month of sale and 40% in the month following the sale. Based on this information, how much cash should Sioux expect to collect during the month of April?
A. $370,000 B. $119,000 C. $222,000 D. $358,000
The main goal of prescriptive analytics is to summarize a sample, not use data to learn about the population that the sample of data is thought to represent
a. True b. False
Following and observing a professional in the workplace for a day or two is called ____________________.
Fill in the blank(s) with the appropriate word(s).