User Account

All Pages

Determine the reorder point that will achieve a 98 service

Assignment Help Finance Basics
Reference no: EM131144299

Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4 monitors. The lead time to receive an order from the manufacturer is a constant 15 days.

a. Determine the reorder point that will achieve a 98% service level. ( z value = 2.05).

b. What is the reorder point if the lead time is not consistent at 15 days, but has a standard deviation of 0.5 days?

Reference no: EM131144299

Questions Cloud

Describe the type of industry in which cr. plastics compet : Describe the type of industry in which C. R. Plastics competes. Are there competitive factors that could limit the future success of the company despite the recent growth that has been experienced?
Indicate the statement presentation of the financing : Topeka Stores accepts both its own and national credit cards. During the year the following selected summary transactions occurred.
Prepare the entry on kimbles books related : On July 4, Kimble's Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 3% service fee. Prepare the entry on Kimble's books related to this transaction.
Prepare the entry on dale companys books : On March 3, Cornwell Appliances sells $680,000 of its receivables to Marsh Factors Inc. Marsh Factors assesses a finance charge of 3% of the amount of receivables sold.
Determine the reorder point that will achieve a 98 service : Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4 monitors. The lead time to receive an order from the manufacturer is a constant 15 days. Determine the reord..
The company recorded this amount as an addition : On December 31, 2010, Jarnigan Co. estimated that 2% of its net sales of $400,000 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts.
Calculate the test statistics or p value and state the concl : A coin that is balanced should come up heads half the time in the long run. A coin is tossed 4040 times and gives 2085 heads. Is the coin biased? Use Alpha = .05. (State the Hypothesis Scenario, calculate the test statistics or p - value and state th..
Prepare journal entries to record the 2010 transactions : At December 31, 2009, Braddock Company had a balance of $15,000 in the Allowance for Doubtful Accounts. During 2010, Braddock wrote off accounts totaling $13,000. One of those accounts ($1,800) was later collected.
What test can be used to test the hypothesis that an increas : What test can be used to test the hypothesis that an increase in amount of sleep will change the number of medical errors per day? Implement the test in Problem 7.90, and report a two-tailed P-value. What would be the power of the type of test used i..

Reviews

Write a Review

Finance Basics Questions & Answers

  What role do financial markets play in our economy

What role do financial markets play in our economy? What are primary and secondary markets? What relationship exists between financial institutions and financial markets?

  Jones corporation is considering a sales campaign in which

jones corporation is considering a sales campaign in which it will offer credit terms of 315 net80. the finance manager

  Calculate carmen break-even point

Carmens president, Lacy, expects an annual profit of $260,000. How many games must be sold to attain this profit?

  Determine the annual financing cost

The Pulaski Company has a line of credit with a bank under which it can borrow funds at an 8 percent interest rate. The company plans to borrow $100,000 and is required by the bank to maintain a 15 percent compensating balance. Determine the annual f..

  Draw a diagram showing the profits for each position

Draw a diagram showing the profits for each position for each price of gold. (c) Which option has the lowest risk? Explain

  Define each of the following terms sensitivity analysis

define each of the following termsa. cash flow accounting incomeb. incremental cash flow sunk cost opportunity costc.

  What should the exchange rate be four years from now

Currently, you can exchange $100 for €97.25. The inflation rate in Euroland is expected to be 3.8 percent as compared to 2.1 percent in the U.S. Assuming that relative purchasing power parity exists, what should the exchange rate be four years fro..

  Gateway communications is considering a project with an

1. gateway communications is considering a project with an initial fixed asset cost of 2.46 million which will be

  What are the companys debt-to-equity ratio

Conseco, Inc., has a debt ratio of 0.43. What are the company's debt-to-equity ratio and equity multiplier?

  Stock a has a current price of 3000 a beta of 175 and a

stock a has a current price of 30.00 a beta of 1.75 and a dividend yield of 6. if the treasury bill yield is 5 and the

  A 1000 bond is issued at par the market price of the common

a 1000 bond is issued at par. the market price of the common stock at the issue date was 20. the conversion price is

  What impact would you expect these write offs to have on

Many large corporations, such as General Motors, have written off large amounts of their nonperforming (or poorly performing) assets as they have shrunk their operations. What is the impact of these asset write-offs on the future return on assets, fu..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd