safety stock is appropriate, Accounting Basics

Assignment Help:

Given this information:

Lead-time demand = 600 pounds

Standard deviation of lead-time demand = 52 pounds (Assume normality.)

Acceptable stockout risk during lead time = 4 percent

a.    What amount of safety stock is appropriate?
b.    When should this item be reordered?


Related Discussions:- safety stock is appropriate

Steps used in retail inventory method, Q. Steps used in retail inventory me...

Q. Steps used in retail inventory method? The retail inventory method approximation the cost of the ending inventory by applying a cost/retail price ratio to ending inventory s

The tds deduction & service charges for fy 2011- 2012 is?, It is reduction ...

It is reduction of taxes where from the income is produces and regarding services to be taxed there are about 120 services which are taxed in India for provision of service tax

Introduction to Accounting, Hi Team, I want to get an accounting assignmen...

Hi Team, I want to get an accounting assignment to be done according to NZ university standards. It''s from basic accounting (introduction to accounting). Need to be done by 10th

What is instance financial reporting, Q. What is Instance financial reporti...

Q. What is Instance financial reporting? For instance financial reporting should - Provide information concerning an enterprise's past performance because such information i

Nature of accounting function, An accounting is a service function. The mai...

An accounting is a service function. The main accounting executive through whatever name he is termed as holds a staff position except inside his own department where he exerts aut

Capital, Capital In addition to borrowing from banks and additional sou...

Capital In addition to borrowing from banks and additional sources, all companies obtain finance from their owners. This money is usually accessible for the life of the busines

State and local income taxes, State and local income taxes Some states ...

State and local income taxes Some states also withhold state income taxes. Texas doesn't. If state withholds taxes, there will be form similar to the federal one to determine t

Calculate the amount of accounts receivable, Cowhand's Bar-B-Q House went i...

Cowhand's Bar-B-Q House went into business on January 1, 2009. The following information is available at December 31, 2009: Sales revenue for the year $30

Worthington company issued 1, Worthington Company issued 1,000,000 face val...

Worthington Company issued 1,000,000 face value, 10% bonds on July 1 2012, when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthin

Write Your Message!

Captcha
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!

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