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
The list of accounts below and the unadjusted balances of these accounts were taken from the ledger of the Manville Corporation at the end of their accounting period, March 31,

Q. Advantages and Disadvantages of LIFO? LIFO: Advantages (a) LIFO reports both sales revenue and cost of goods sold in current dollars and (b) lower income taxes result if use

Jane and Walt form Orange Corporation. Jane transfers equipment worth $475,000 (basis of $100,000) and cash of $25,000 to Orange Corporation for 50% of its stock. Walt transfers

A swap valuation method which involves summing and computing the present value of each and every future net settlement and would be required by the contract terms either future s

A company’s sales volume averages 4,000 units per year.  Recently, its main competitor reduced the price of its product to $48.  The company expects sales to drop dramatically

Fund flow deals with transaction within financial year (One year) while Cash flow Statement record only the cash transaction.


hi

Q. Explain about revenue recognition principle? Under the revenue recognition principle revenues must be earned and realized before they are recognized (recorded). Earning of r

How would I plot these problems in a T-account? d. received applications from three students for a 4-week secretarial program and 2-students for a ten day keyboarding course. The s