Business, 21.04.2020 23:17 naomicervero

It is your responsibility, as the new head of the automotive section of Nichols Department Store, to ensure that reorder quantities for the various items have been correctly established. You decide to test one item and choose Michelin tires, XW size 185 x 14 BSW.

A perpetual inventory system has been used, so you examine this as well as other records and come up with the following data: Cost per tire $55 each

Holding cost 25 percent of tire cost per year
Demand 1,200 per year
Ordering cost $40 per order
Standard deviation of daily demand 4 tires
Delivery lead time 5 days

Because customers generally do not wait for tires but go elsewhere, you decide on a service probability of 90 percent. Assume the demand occurs 365 days per year.

a. Determine the order quantity. (Round your answer to the nearest whole number.) Order quantity tires
b. Determine the reorder point. (Round your answer to the nearest whole number.) Reorder point tires

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 12:30

Is not a primary concern when writing menu copy.

Answers: 1

Answer

Business, 21.06.2019 19:20

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Answers: 2

Answer

Business, 22.06.2019 14:20

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?

Answers: 3

Answer

Business, 22.06.2019 22:20

Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cogs was $7.47 million and inventory was $1.47 million. this year, cogs is $8.65 million and inventory investment is $1.64 million.a) what was its weeks of supply last ) what is its weeks of supply this ) is mattress wholesalers making progress in its inventory reduction effort? since the number of weeks that cover the supply has mattress wholesalers is making in its inventory reduction effort.

Answers: 3

Answer

You know the right answer?

It is your responsibility, as the new head of the automotive section of Nichols Department Store, to...

Questions