safety stock is appropriate, Accounting Basics

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?

Posted Date: 3/16/2013 2:05:56 AM | Location : United States







Related Discussions:- safety stock is appropriate, Assignment Help, Ask Question on safety stock is appropriate, Get Answer, Expert's Help, safety stock is appropriate Discussions

Write discussion on safety stock is appropriate
Your posts are moderated
Related Questions
Consumers and others: Consumers' organizations, welfare organizations, media and public at huge are also interested in condensed accounting information so as to appraise the effic

1. Carmen Santiago works for a number of businesses as a "consultant." She has helped design accounting systems, provided accounting services, and analyzed the financial stre

A vendor reduces an item listed at $140 on July 1st by 20%, and then reduces it another 25% on September 1st. What is the sale price of the good after the last reduction? A. $7

What steps would you take before approving an invoice for payment? Ans) Following steps should be taken.. ? Certify the invoice once it is matched for checking any holds..

1. Fill in the table below.  Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Variable Cost, ATC as Average Total Cost, AFC as Average Fixed Cost, AVC as Aver

explain the proceedure followed in government system of accounting in india

Q. Show Recording changes in assets? Recording changes in assets, liabilities, and stockholders' equity While recording commerce transactions remember that the foundation of

Explain the types of Financial Statements Income Statement . This is a summary of a business's expenses and revenue for a specific period of time. It ONLY shows expenses and r

On December 31, 2003, Jamfest Travel Inc. had 450,000 shares of no-par common stock issued and outstanding. All shares were sold for $7.50. On June 30, 2004, the firm issued an add

Q. Explain about business entity concept? A business entity perhaps made up of several different legal entities. For example a large business such as General Motors Corporation