Business, 05.05.2020 18:25, samantha636
Cranium, Inc., purchases term papers from an overseas supplier under a continuous review system. The average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. It costs $60 to process each order and there is a fiveâday leadâtime. The holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. Cranium operates 200 days per year.
What is the reorder point R to satisfy a 98% cycleminusâservicelevel?
A. greater than 1,700 units
B. greater than 1,600 units but less than or equal to 1,700 units
C. greater than 1,500 units but less than or equal to 1,600 units
D. less than or equal to 1,500 units
Answers: 2
Business, 21.06.2019 21:00, castiaulii16
The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?
Answers: 3
Business, 21.06.2019 23:10, josie311251
At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?
Answers: 2
Business, 22.06.2019 07:30, maskythegamer
Why has the free enterprise system been modified to include some government intervention?
Answers: 1
Cranium, Inc., purchases term papers from an overseas supplier under a continuous review system. The...
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