An electronics retailer sells LED TVs with a normally distributed daily demand with a mean of 150 and a standard deviation of 75. The lead time to receive a replenishment from their supplier is 2 days. They review their inventory and place orders every two days. They operate 7 days a week.
A.) If they were to implement an order-up-to model, what base stock level should they choose if they want to achieve a 99.3% in-stock probability?
B.) When they check their inventory level to place new orders, they find that they ran out of stock completely. In addition, they find that there are 5 customers who paid for the products and are waiting to receive the products. How many LED TVs should they order?
Answers
An electronics retailer wants to determine the base stock level for implementing an order-up-to model to achieve a 99.3% in-stock probability. Additionally, they need to calculate the order quantity when they find themselves completely out of stock with 5 customers waiting for the products.
A.) To determine the base stock level for achieving a 99.3% in-stock probability, we can use the normal distribution and calculate the safety stock needed. The safety stock represents the buffer inventory required to meet unexpected demand during the lead time. By finding the z-score corresponding to a 99.3% in-stock probability (which is 2.31), we can multiply it by the standard deviation of daily demand (75) and the square root of the lead time (2). Adding this to the average daily demand (150), we can determine the base stock level needed to achieve the desired in-stock probability. B.) When the retailer finds themselves completely out of stock with 5 customers waiting.
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Related Questions
A form of organization that relies on hierarchical structure, a defined chain of command, an adherence to established rules, and specialization of labor within the organization is called a
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A form of organization that relies on a hierarchical structure, a defined chain of command, adherence to established rules, and specialization of labor within the organization is called a Bureaucracy.
A form of organization that exhibits a hierarchical structure, a clear chain of command, adherence to established rules and procedures, and division of labor is commonly referred to as a bureaucracy.
Bureaucracies are characterized by a well-defined organizational structure where authority and decision-making flow from top-level management down to lower levels. They rely on formalized rules, regulations, and standard operating procedures to ensure consistency and efficiency in operations.
Specialization of labor is a key feature of bureaucracies, with individuals assigned specific roles and responsibilities based on their expertise. Bureaucracies are often found in government agencies, large corporations, and other organizations that require strict organizational control and efficiency. While bureaucracies can provide stability and clear lines of authority, they can also be criticized for their rigidness and potential for bureaucratic red tape.
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What is Frederick Douglass's main point?
Answers
Douglass was an author and a leader who fought for women's rights, particularly the ability of women to vote.
What perspective does Douglass have?the first person (Central) According to the title page, Douglass "Wrote By Himself" the story. Since he is essentially the only character in the novel and its protagonist, the majority of the action consists of him telling us about himself. Simple, huh.
"Abolish slavery in all its forms and dimensions, promote the moral and intellectual progress of the COLORED PEOPLE, and accelerate the day of FREEDOM to the Three Millions of our enslaved fellow Countrymen," were the three things that Frederick Douglass aimed to accomplish. Douglass also promoted freedom in other ways.
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By the mid-1800s, especially in the northeastern states, the development of factories and other work centers separated the workplace from the.
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Answer:
By the mid-1800s, especially in the northeastern states, the development of factories and other work centers separated the workplace from the
home.
Norilsk, Russia has been notable in recent years for its? A) Complete lack of industrial pollution B) Widespread and terrible pollution conditions C) Severe acid deposition D) Steady and successful cleanup accomplishments E) None of these is correct
Answers
Norilsk, Russia has been notable in recent years for its widespread and terrible pollution conditions. This is due to the fact that Norilsk is a major industrial city, home to the world's largest producer of nickel and palladium, and as a result, there are a large number of smelters and other heavy industry located there. The emissions from these industries have led to severe pollution of the air, water, and soil in the area, with high levels of heavy metals such as nickel and copper being detected in the surrounding environment.
In recent years, there have been efforts to address the pollution problem in Norilsk, with the government and industry investing in cleanup and mitigation measures. However, progress has been slow and there is still a long way to go before the pollution levels in Norilsk can be considered acceptable. It is worth noting that despite the pollution, Norilsk is still an important industrial center for Russia and plays a significant role in the global supply chain for nickel and other metals. Overall, while there are efforts to address the pollution problem in Norilsk, it remains a major environmental challenge for the region and the world.
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Which of the following is an
example of a wellness perk?
Answers
Answer:
I think it's letter
"A"
COBRA
a buyer purchases a home in an area where closings are traditionally conducted in escrow. which item would a buyer deposit with the escrow agent before the closing date?
Answers
Before the closing date, the buyer must deliver earnest money to the escrow agency. You can call it an earnest money deposit (EMD).
Earnest money is a down payment made to a seller to demonstrate a buyer’s intent to make a purchase, such as a new home. With the money, the buyer has additional time before closing to arrange financing, conduct a title search, have the property assessed, and arrange for inspections. It is possible to think about earnest money in a number of different contexts, such as a down payment on a home, an escrow deposit, or good faith funding.If a buyer desires early possession of the property, an interim occupancy agreement should be employed in order to safeguard the rights and duties of both the seller and the buyer.An interim-occupancy contract, often known as a leaseback agreement, governs the arrangement. The seller rents the buyer’s property back under this type of agreement.A leaseback is a real estate transaction. In a leaseback, the seller is given the stated or implicit right to lease the property back from the buyer as soon as the sale is complete.
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The epicurean society is holding its annual election for president. The three candidates are a, b, and
c. Twenty percent of the voters like upper c the most and upper a the least. Forty percent of the voters like upper a the most and upper c the least. Of the remaining 232 prefer upper b to upper c and upper c to upper a, and 696 prefer upper b to upper a and upper a to upper
c. Write out the preference schedule for this election.
Answers
Answer and Explanation:
Please find answer and explanation attached
If an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on:
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It should be noted that if an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on policy limit.
A policy limit can be regarded as the monetary amount that is required to be paid by insurance company with respect to a specific insurance policy claim.
Therefore, in case of an owner-occupied home is totally destroyed without fraud by a fire, this loss is policy limit.
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Question 3 of 10
A standard is a:
Answers
Answer: Level of quality or performance that people accept as normal
Explanation: I took this quiz
PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answers
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.
Answers
Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.
What is Copywriting?Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.
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In Stackelberg competition between two identical firms, O a. the leader anticipates the follower's response to his quantity and hence has a first-mover advantage. Ob. both firms use their competitor's best response function to derive their optimal strategy. the follower has a second-mover advantage, because he already knows his competitors strategy and can c. therefore achieve higher profits. Od. it does not matter for a firm if it is leader or follower.
Answers
In Stackelberg competition, there are two identical firms competing with each other. The correct option is B.
The leader in this competition is the firm that first sets its quantity or price, and the follower follows the leader's strategy. This means that the leader has a first-mover advantage because it can anticipate the follower's response to its strategy.
Both firms use their competitor's best response function to derive their optimal strategy. The follower, in this case, has a second-mover advantage because it already knows the leader's strategy and can adjust its own strategy to achieve higher profits. This means that the follower has the opportunity to make better decisions based on the information it has.
Therefore, the answer to the question is option B - both firms use their competitor's best response function to derive their optimal strategy, and the follower has a second-mover advantage. It is not true that it does not matter if a firm is a leader or follower. In Stackelberg competition, being a leader or follower can have a significant impact on a firm's profits.
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Select the correct answer.
George, the market analyst of his company, will be calculating the company's sales forecast for the next month (May). He has decided to use the moving averages method of sales forecasting to complete his task. The sales for the last four months are $30,000 (April). $35,000 (March), $25,000 (February), and $30,000 (January). If George uses the formula to calculate moving averages, what sales forecast figure will he arrive at?
a.25000
b.30000
c.20000
d.35000
Answers
Answer:
b.30000
Explanation:
The moving average follows the trend of data to forecast the next value.
the formula applicable in moving average is = (n1 + n2 + n3 + ...) / n
For George, the moving average will be
=$30,000 + $35,000 +$25,000 + $30,000/4
=$120,000/4
=$30,000
If an application asks you to indicate a salary range, you should _____.
write the lowest salary you would agree to
write your dream salary
leave it blank
write "open" or "negotiable"
Answers
Answer:
D
Explanation:
Answer:
Write open or negotiable.
Explanation:
Oh boy not much points left better get some
Answers
Answer:
Im so confused
Explanation:
:)
Answer:
..........
Explanation:
On January 11, a grain producer (short hedger) sold corn for December 2021 delivery using futures contracts. The producer then locked in a futures price of $4.40/bu for December delivery. (a) Assuming an expected basis for December of - $0.40/bu, what is the target price for this hedge? (Show your calculations clearly) (b) Now let's fast-forward to December 3, 2021 and the producer is ready to deliver the grain. Assume two scenarios for December: Scenario A • spot price in the producer's local cash market = $4.75/bu • futures price = $5.25/bu Scenario B • spot price in the producer's local cash market = $3.95/bu futures price = $4.30/bu Calculate the realized prices under each scenario. (Show all your calculations clearly)
Answers
a) The grain producer's target price for the hedge is $4.00/bu.
b) Realized price of Scenario A is $3.50/bu.
Realized price of Scenario B is $3.65/bu
Explanation:(a) The target price for the hedge can be calculated using the following formula:
Target price = futures price + expected basis
Given that the futures price for December delivery is $4.40/bu and the expected basis for December is -$0.40/bu, the target price for the hedge would be:
Target price = $4.40/bu - $0.40/bu = $4.00/bu
Therefore, the grain producer's target price for the hedge is $4.00/bu.
(b) To calculate the realized prices under each scenario, we need to compare the spot price in the producer's local cash market with the target price for the hedge.
Scenario A:
The spot price in the producer's local cash market is $4.75/bu, which is higher than the target price of $4.00/bu. Therefore, the realized price for the grain producer would be:
Realized price = target price + basis
Realized price = $4.00/bu + ($4.75/bu - $5.25/bu) = $3.50/bu.
Scenario B:
The spot price in the producer's local cash market is $3.95/bu, which is lower than the target price of $4.00/bu. Therefore, the realized price for the grain producer would be:
Realized price = target price + basis
Realized price = $4.00/bu + ($3.95/bu - $4.30/bu) = $3.65/bu
Therefore, the grain producer's realized prices under Scenario A and Scenario B would be $3.50/bu and $3.65/bu, respectively.
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When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answers
Answer:
this is true hope this helps
Explanation:
hen calculating the cost of direct materials on the schedule of cost of goods manufactured, the cost of indirect materials is ______. Multiple choice question. subtracted from beginning Raw materials inventory added to raw materials used in production added to beginning Raw materials inventory subtracted from raw materials used in production
Answers
It should be noted that When calculating the cost of direct materials on the Schedule of Costs of Goods Manufactured,
The cost of indirect materials must be Subtracted from raw materials used in production.
What are Direct material costs ?Direct material costs can be regarded as those cost of the raw materials as well as those components used in making the product.
Therefore, the cost of indirect material is required to be Subtracted from raw materials used in production.
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Answer: subtracted from raw material used in production
Explanation:
a fixed-price contract is useful and appropriate when
Answers
What is Gravitational law and how yo solve it
Answers
Explanation:
I believe this is what you are asking for, Newton's law of gravitation.
The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.
Which of the following might be used for stabilization in a Dupuytren's contracture release if an assistant is unavailable?
A. Derma-carrier
B. K-wires
C. lead hand
D. Senn retractors
Answers
The correct answer is option D.
Dupuytren's contracture is a medical condition in which the tissue underneath the skin of the hand, and sometimes the fingers, thickens and contracts. A Dupuytren's contracture release surgery may be required if the condition progresses. Stabilization during the procedure is crucial to prevent the hand from moving, which may result in nerve or tendon damage. If an assistant is unavailable, the following may be used for stabilization:
D. Senn retractors
The Senn retractor is a surgical instrument that is used in various procedures, including Dupuytren's contracture release surgery. It is a handheld retractor that comes in a variety of sizes and shapes. The Senn retractor can be used to stabilize the skin and soft tissues surrounding the area being operated on. The instrument's blunt ends minimize the risk of tissue damage while also allowing for a firm grip on the skin and surrounding tissues.
K-wires
K-wires, or Kirschner wires, are thin wires that are often used to stabilize the bones in orthopedic surgeries. They can be utilized to stabilize the fingers during a Dupuytren's contracture release operation. They are placed across the finger and into the bone to keep the finger from moving during the procedure. While K-wires can be effective, they are not always required and may not be ideal in every situation.
Derma-carrier
A derma-carrier is a specialized instrument that can be utilized to stabilize the skin during a surgical procedure. It can be especially useful in operations where an assistant is not available. The Derma-carrier is a handheld tool that has a flat, wide tip that can be used to lift and stabilize the skin. This device is specifically designed to reduce the risk of tissue damage during the procedure.
Lead hand
In some cases, a lead hand may be used to stabilize the affected hand during a Dupuytren's contracture release surgery. A lead hand is a specialized piece of equipment that fits over the patient's hand and wrist and is attached to a weighted stand. The weighted stand keeps the hand in place during the procedure. While a lead hand can be effective, it is not always ideal and may not be necessary in all cases.
In conclusion, a Senn retractor is a useful tool for stabilization during a Dupuytren's contracture release if an assistant is unavailable. K-wires, derma-carriers, and lead hands can also be effective tools, but their suitability depends on the individual patient's circumstances and the surgeon's preference.
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Jack is analyzing the following two bonds with the same risk for investment: Bond A: A 20-year $1,000-par 6% quarterly coupon bond issued by Company A Bond B: A 30-year zero coupon bond issued by Company B (i) Determine the market price of Bond A given its current YTM (APR) is 8%. (4 marks) (ii) Suppose Bond A's YTM (APR) drops by 2% one year later. 1) Compute the current yield and capital gains yield of Jack's investment in Bond A. (6 marks) 2) Compute the 1-year total yield of Jack's investment in Bond A assuming the YTM remains unchanged (at 6% APR) until t-4 (quarters). (5 marks) (iii) If Jack expects the interest rate to drop in the coming year, which bond (Bond A or Bond B) should Jack choose? Explain. (2 marks) (b) The costs of common stock, preferred stock and debt of UWRL Inc. are 18%, 6.5% and 8% respectively. Assume that the firm's (targeted/optimal) capital structure is 50% common stock, 5% preferred stock and 45% debt. The relevant corporate income tax rate is 35%. (i) Compute UWRL's WACC. (4 marks) (ii) In terms of the risks faced by investors, debt should carry a lower risk than that of preferred shares. Provide a possible explanation for the difference between the two costs stated above. Support your answer with calculation. (3 marks) E ffe 31/5 usid rojeof stron 3
Answers
The market price of Bond A, given its current YTM (APR) of 8%, is $1,193.80. The current yield of Jack's investment in Bond A, after the YTM drops by 2%, would be 5.05%. 2) The capital gains yield would be -1.05%. If Jack expects the interest rate to drop in the coming year, he should choose Bond A over Bond B.
Bond A is a 20-year $1,000-par 6% quarterly coupon bond issued by Company A. To calculate its market price, we need to discount the bond's future cash flows (coupon payments and par value) at the given yield to maturity (YTM). Using the formula for present value of a bond, the market price of Bond A can be computed as the present value of its coupon payments and par value.
To calculate the current yield, we divide the annual coupon payment by the market price of the bond. The capital gains yield is the change in price divided by the initial price. Assuming the YTM remains at 6% APR until t-4 (quarters), the 1-year total yield can be obtained by summing the current yield and capital gains yield.
Since Bond A has a fixed coupon rate, its price is negatively affected by a drop in interest rates, resulting in capital gains. Conversely, the price of a zero-coupon bond like Bond B is not impacted by changes in interest rates. Therefore, if Jack expects the interest rate to decrease, Bond A offers the potential for higher returns due to its capital gains yield.
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How might a business encourage its employees to participate in a retirement investment plan?
A. By charging fines to those who do not sign up
B. By offering a limited selection of plan options
C. By charging higher transaction fees than brokers
D. By offering plans with strong returns and high fees
Answers
A business can encourage its employees to participate in a retirement investment plan by offering plans with strong returns and high fees. Hence, Option D is correct.
What is the meaning of an investment plan?Investment planning is the process of coordinating your financial objectives with your available investment capital. It is the key element of financial planning that ensures you make the most of your savings and ensures you invest money to increase its value.
A systematic investment plan is a type of investment vehicle that many mutual funds provide to investors, enabling them to make regular, small investments rather than one large one.
Offering plans with high returns and low fees is one way for a company to entice staff to join a retirement investment plan.
Therefore, Option D is correct.
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which example describes sharing risk?getting car insurancedeciding not to buy a caronly driving during the daydriving a car at high speeds
Answers
Getting car insurance is an example of sharing risk. When a person gets car insurance, they pay a premium to an insurance company.
In return, the insurance company assumes the risk of covering any damages or losses that may occur as a result of an accident or other covered event. By paying the premium, the individual shares the risk of potential losses with the insurance company. If an accident occurs, the insurance company pays for the damages, which helps the individual avoid a large financial loss. Therefore, getting car insurance is a way to share the risk of potential losses with the insurance company.
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Do I have any college students on here willing to help me with a project? It's for my personal finance class. I'm in college but I'm a high schooler. I have to make a report on what the average college student spends. I will not be asking for bank card/account info or anything of that sort. No social security numbers or phone numbers. If you'd be willing to help me out thanks!!
Answers
Explanation: I'm a VERY smart 7th grader. : )
Answer:
i'm not in college but i can help you if you need help
Explanation:
what course requirements must be completed to earn a bachelors degree at most four-year colleges?
Answers
Answer:
120 semester credits or around 40 college courses but if the college does not use quarter system but use a semester system minimum of 180 quarter credits to earn the bachelors degree
Erik, a management intern at Struebing, Inc., was tasked with investigating ways for Struebing to more effectively compete on a global basis. He was intrigued to learn about ________ as a framework by which to improve quality and to gain certification in accordance with these quality standards.
Answers
He was intrigued to learn about ISO 9001 as a framework by which to improve quality.
What is ISO 9001?ISO 9001 which full meaning is International Organization for Standardization is a quality management organization that provide a quality standard for company or organization to follow so as help them provide quality service to their customers or clients
ISO 9000 is important for companies as it enables them to improve their quality so as to meet their customer expectation.
Inconclusion he was intrigued to learn about ISO 9001 as a framework by which to improve quality.
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A short hedge is initiated on the S\&P 500 at time t=1. The hedger buys an S\&P 500 ETF at this time and sells the E-mini S\&P 500 futures contract against it at this time. The trade is put on so the hedge is a "perfect hedge" if held until maturity. The S\&P 500 ETF price at time t=1 is $3,900 and the futures price at time t=1 is $3,950. The hedge is later closed by the trader at time t=2 when the S\&P 500 ETF is at a spot price of $3,700 and the futures price of the S&P500 is at $3,650. What profit or loss on this closed out hedge occurs due to basis risk incurred by the hedger over the period? $50 profit $50 loss $100 profit $100 loss $150 profit $150 loss $0
Answers
Basis risk is the risk that the value of a future, such as a commodity, security, or currency, will change unpredictably relative to the value of the asset it is supposed to safeguard.
Let's now evaluate the profitability of a short hedge initiated on the S&P 500 at time t=1, with a perfect hedge until maturity, and later closed by the trader at time t=2, with a spot price of $3,700 and the futures price of the S&P500 at $3,650.The hedger buys an S&P 500 ETF at $3,900 and sells the E-mini S&P 500 futures contract against it at $3,950 at time t=1. The initial value of the short hedge position is thus $50.
Now, at time t=2, the value of the S&P 500 ETF drops to $3,700, but the value of the E-mini S&P 500 futures contract drops even further to $3,650. As a result, the perfect hedge fails to perform due to basis risk.
As a result, the hedger's total loss is $100, since the E-mini S&P 500 futures contract loses $300 ($3950 - $3650), while the S&P 500 ETF loses $200 ($3900 - $3700).Therefore, the total loss on this closed-out hedge is due to basis risk and is $100. The correct option is: $100 loss.
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Why is there a relationship between rate of return and risk?
Answers
Simply put, risk and required return are directly related by the simple fact that as risk increases, so does required return. As risk decreases, the required return decreases.
Actual return: Actual ROI reflects past financial performance and calculates the company's actual his ROI.
Required yield: The required rate of return reflects the level of risk involved in investing in a particular company.
Business valuation theory states that the required return is equal to the perceived risk of the investment. In other words, the rate of return required to attract investors over another investment opportunity in the current market. Effectively, as risk increases, so does the required return, which in turn reduces the value of the company in question (and vice versa).
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Florence deposits 6000 in an ordinary annuity at the end of each quarter in an account earning 6 percent interest coumpund
Answers
The future value of the account in 2 years will be $19,101.6. if Florence deposits $6000 in an ordinary annuity at the end of each quarter in an account earning 6% interest compound.
The given data is as follows:
deposits money = $6000
interest compound = 6%
Time peroid = 2Years
Future value also called Ordinary Annuity is a term used to explain at some coming date and with a shared interest rate, a sequence of normal prices will be worth it.
The Future Value is calculated by using the formula:
FV = C [{ (1+i)^n - 1}/i]
Future Value = 6000 [{ (1+i)²- 1}/0.06]
Future Value = 6000 [(1.06)² - 1]/0.06
Future Value = 6000 [1.191016 - 1]/0.06
Future Value = 6000 x (0.191016/0.06)
Future Value = 6000 x 3.1836
Future Value = $19,101.6
Therefore, we can conclude that the future value of the account in 2 years will be $19,101.6.
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The complete question is-
Florence deposits 6000 in an ordinary annuity at the end of each quarter in an account earning a 6 percent interest compound. What is the future value of the account in 2 years?
Answer:
$6021.60
Explanation:
6000+(6000×0.6^2)
=6000+21.6
=6021.