The amount on hand drops, Accounting Basics

A company uses 85 circuit boards a day in a manufacturing process. The person who orders the boards follows this rule: Order when the amount on hand drops to 625 boards. Orders are delivered approximately six days after being placed. The delivery time is normal with a mean of six days and a standard deviation of 1.10 days. What is the probability that the supply of circuit boards will be exhausted before the order is received if boards are reordered when the amount on hand drops to 625 boards? 

Posted Date: 3/16/2013 2:07:43 AM | Location : United States







Related Discussions:- The amount on hand drops, Assignment Help, Ask Question on The amount on hand drops, Get Answer, Expert's Help, The amount on hand drops Discussions

Write discussion on The amount on hand drops
Your posts are moderated
Related Questions
what do you mean by 90% of the entire issue to be received before the allotment of shares?

Q. What do you mean by Overhead? Overhead -- a cost that doesn't vary with the level of production or sales and generally a costnot directly involved with sales or production.


How do you do cross-indexing?

Q. Illustrate about corporation? A corporation is an incorporated business under the laws of a state and owned by a few stockholders or thousands of stockholders. Approximately


Part 1: Students should consult with appropriate personnel in order to undertake an assessment of the client’s financial needs. Students must undertake an interview / consultation

You should have recorded in your cash books all amounts you've really received and payments you've really made. Though the cash books may be incomplete as your bank may have put ex

Q. What is accrual basis of accounting? In the following illustration, notice that every business transaction affects two or more accounts in the ledger. As well note that