Stock control, accounting, Basic Statistics

Assignment Help:
Two components, A and B, are used as follows:
normal usage - 50 per week each
minimum usage - 25 per week each
maximum usage - 75 per week
re-order quantity - A:300; B:500
re-order period - A: 4 to 6 weeks; B: 2 to 4 weeks

calculate for each component:
(a) re-order level
(b) minimum level
(c) maximum level
(d) average stock level

Comment briefly on the difference in levels for the two components.

Related Discussions:- Stock control, accounting

Define ACCOUNTING PERIOD , Any time period specific for which economical re...

Any time period specific for which economical reports are prepared. Talk about FISCAL PERIOD.

Surveys through schedules, Under this methods the enumerators are appointed...

Under this methods the enumerators are appointed and given training. They are provided with schedules containing relevant questions. These enumerators go to respondents with the

Analyse resources and accountability, The unfortunately-named (and fictitio...

The unfortunately-named (and fictitious) town of Avalanche, Utah maintains a vibrant and growing ski industry.  As Director of Avalanche's search-and-rescue operations, you are alw

Profit and supply functions, Derive the profit function P (p) and the suppl...

Derive the profit function P (p) and the supply function (or correspondence) y (p)for the following three Single-output technologies, whose production functions f (z) are:

Probability, a survey of grocery revealed 40 percent had a pharmacy, 50 per...

a survey of grocery revealed 40 percent had a pharmacy, 50 percent had a floral shop, and70 percent had a deli. suppose 10 percent of the stores have all three departments, 30 perc

F2 test x, What is F2 Test,  X, Y Arithmetic Means  The above method of fi...

What is F2 Test,  X, Y Arithmetic Means  The above method of finding out regression equation is tedious. The calculations can very much be simplified if instead of dealing with th

Calculate its stationary probabilities, A small specialized workshop is use...

A small specialized workshop is used to perform periodic check-up on some high-tech devices. The check up is made in three stages whose durations are independent random variables w

Differences between ifrs and gaap, While the differences between IFRS and G...

While the differences between IFRS and GAAP are reducing, there still are significant differences between the two. While the IFRS has been developed by the IASB (International A

F2 test distributed populations, What is F2 Test, These tests were based o...

What is F2 Test, These tests were based on the assumption that the samples were drawn from normally distributed populations, or more accurately that the sample means were normally

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd