Company sells parts to a foreign customer on december 1, 2017, with payment of 16,000 korunas to be received on march 1, 2018. brandon enters into a forward contract on december 1, 2017, to sell 16,000 korunas on march 1, 2018. relevant direct exchange rates for the koruna (czk) on various dates are as follows: spot rate forward rate date [usd/czk] [to mar. 1, 2018] december 1, 2017 2.700 2.775 december 31, 2017 2.800 2.900 march 1, 2018 2.950 2.950 brandon must close its books and prepare financial statements at december 31. brandon designates the forward contract as a cash flow hedge of a foreign currency receivable. any premium or discount is amortized using the straight-line method.

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins