Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need c, d, and f completed use the continuous i

need C, D, and F completed Use the Continuous Inventory Model and...

50.1K

Verified Solution

Question

Accounting

need C, D, and F completed image
Use the Continuous Inventory Model and the data below to answer these six questions. Forecast of demanda = 36,000 units per week Forecast error, std. dev. = 800 units per week Lead time = 2.5 weeks Lead time error", std. dev = 1.2 weeks Carrying cost = 20 % per year Purchase price, delivered = $65 per unit Replenishment order cost = $2,000 per order Stockout cost = $2 per unit EOQ = 24,000 units In-stock Probability during the lead time =95% Normally distributed a) What is s' (the standard deviation of demand during lead time)? (2 points) b) What is the average time between orders (in days)? (2 points) c) What is the average inventory level? (2 points) d) What are the annual holding costs? (2 points) e) What is the annual service level? (2 points) f) What are the annual stockout costs? (2 points)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider the Tragedy of the Commons game from the chapter with two shepherds, A and B, where sA and sB denote the...

Advance Math
Q

Define, compare, and contrast the crimes of voluntary and involuntary manslaughter. Provide an example of each.

Biology
Q

Prove: If [P(H)] holds, then all Saccheri quadrilaterals have accute top angles.

Basic Math
Q

14 12 The method developed in Problem 14 11 was used for the routine determination...

Geometry
Q

Evaluate 2 24 ln 66 4 42 Round to three decimal places

Algebra
Q

Problem 13-25 Net Present Value Analysis of a Lease or Buy Decision [LO13-2] The...

Accounting
Q

4 The following information was taken from the accounts of Green Market, a delicatessen, at...

Accounting
Q

Gordon Growth model for stocks and TVM You are evaluating Kramerica to determine if its...

Finance
Q

A depreciation method where higher depreciation is charged when there is higher activity and less...

Finance
Q

On January 1, 2019, Aronsen Company acquired 90 percent of Siedel Company's outstanding shares. Siedel...

Accounting
Q

1. value: 20.00 points Bovine Company, a wholesale distributor of umbrellas, has been experiencing losses...

Accounting
Q

7. What is the internal rate of return for a project that is expected to...

Finance