safety stock is appropriate, Accounting Basics

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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?


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Student, In Excel, I need help with formulas

In Excel, I need help with formulas

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