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

Explain user account control in windows vista, User account control is mean...

User account control is meant to allow users to run with standard user rights, as opposed to administrative rights. Administrative rights provide users the ability to read and chan

T Accounts, Provided services on credit to Yamato P/L $5 900. How do we ap...

Provided services on credit to Yamato P/L $5 900. How do we apply this in the t accounts

What is a user account, User accounts are the primary means of access for a...

User accounts are the primary means of access for actual people to the system (computer), and these accounts insulate the user and the environment, preventing the users from damagi

Describe about borrowed money, Q. Describe about Borrowed money? The co...

Q. Describe about Borrowed money? The company lent USD 6000 from Chaney's father. Chaney signs the note for the company. The note turn off no interest and the company promised

Buffer inventory is required, Compensation for the uncertainties inherent i...

Compensation for the uncertainties inherent in supply and demand

Completing the accounting cycle, Q. Completing the accounting cycle? Su...

Q. Completing the accounting cycle? Subsequent to studying this chapter you should be able to - Recapitulate the steps in the accounting cycle. - Organize a work sheet fo

What do you mean by single proprietorship, Q. What do you mean by single pr...

Q. What do you mean by single proprietorship? A single proprietorship is a non incorporated business owned by an individual and often managed by that same person. Single propri

Accounting, briefly explain the accounting concepts which guide the account...

briefly explain the accounting concepts which guide the accountant at the recording stage

Journal, Why to and by using in journal, trading a/c, p&l a/c and ledger?

Why to and by using in journal, trading a/c, p&l a/c and ledger?

Rounding decimals, How do you round up to one decimal point using percentag...

How do you round up to one decimal point using percentages? Example 0.207 Thanks

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