Sarahs Muffler Shop has one standard muffler that Fits a large variety of cars. Sarah wishes to
Question:
Sarah’s Muffler Shop has one standard muffler that Fits a large variety of cars. Sarah wishes to establish a reorder point system to manage inventory of this standard muffler. Use the following information to determine the best order size and the reorderpoint:
Transcribed Image Text:
Annual demand 3,500 mufflers Standard deviation of 6 mufflers per working day Ordenng cost $50 per order service probability 90% daily demand Item cost Annual holding cost $30 per muffler 25% of item value Lead time working days 2 working days 300 per year
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
21602 216 mufflers 849 mufflers 90 SL from ...View the full answer
Answered By
Morgan Njeri
Very Versatile especially in expressing Ideas in writings.
Passionate on my technical knowledge delivery.
Able to multitask and able to perform under pressure by handling multiple challenges that require time sensitive solution.
Writting articles and video editing.
Revise written materials to meet personal standards and satisfy clients demand.
Help Online Students with their course work.
4.90+
12+ Reviews
38+ Question Solved
Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
Question Posted:
Students also viewed these Management Leadership questions
-
Palins Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system to manage inventory of this standard muffler. Use the information...
-
Use the following information to determine this company's cash flows from operating activities using the indirect method. MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016...
-
Use the following information to determine this companys cash flows from investing activities. a. Equipment with a book value of $72,500 and an original cost of $158,000 was sold at a loss of...
-
Kindly solve both the question. Thanks in advance.Question 1Question 2 Below are the transactions for Baste SewIng Shop for March, the first month of operations. March 1 Issue common stock in...
-
Delineate several common tendencies to distort perceptions. Give an example of how each could adversely affect communication.
-
Use the method of Example 6 to find two linearly independent Frobenius series solutions of the differential equations in Problems 27 through 31. Then construct a graph showing their graphs for x > 0....
-
The University of Wisconsin at Madison completed a study titled GenderEquity Study of Faculty Pay,dated June 5, 1992. The main purpose of the study was to determine whether women are treated unfairly...
-
Casey Fisher and Logan Baylor formed a partnership in which the partnership agreement provided for salary allowances of $40,000 and $35,000, respectively. Determine the division of a $20,000 net loss...
-
How is the preparation of the statement of cash flow different from other financial statements as it relates to the source of information?
-
This is a more difficult but informative problem. James Brodrick & Sons, Inc. is growing rapidly and, if at all possible, would like to finance its growth without selling new equity. Selected...
-
University Drug Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the pharmaceutical companies. Tetracycline is one of its most prescribed...
-
After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking through the store and stockrooms, you find a great discrepancy in...
-
Rob wishes to buy a European put option on BioLabs, Inc., a non-dividendpaying common stock , with a strike price of $40 and six months until expiration. BioLabs common stock is currently selling for...
-
What can cause a cell to become desensitized to a signal? What are two of the mechanisms that the cell can use to reduce or stop its response to a signal?
-
Collateral is required as enhancement of the borrowers credit. Elaborate on the purpose and extent of offering security from the perspective of the borrower.?
-
Taking Possession of the Collateral When the debtor defaults, the secured party may take possession of the collateral. How does the secured party do so?
-
Bob and Sally are both shareholders of XYZ Corporation. The annual shareholders' meeting is coming up, and they want to know how many "votes" they each have. What things must they look at to...
-
Demo Construction Pty Ltd For the 2 years, define and calculate each of the following financial indices: a. Current ratio b. Quick ratio c. Rate of return on total assets d. Earnings per share e....
-
Bromine exists as only two isotopes in nature, 79 35 Br (atomic mass 78.918 336 amu, % natural abundance = 50.69%) and 81 35 Br (atomic mass 80.916 289 amu). (a) What is the percent natural abundance...
-
The graph of the sequence whose general term is an = n - 1 is which of the following? [8.1] A. B. TITTT 3-2-1 23.45 2.3.4
-
Explain why, according to the separation theorem, the financing method (equity or loan) does not affect shareholders wealth.
-
What are IKEA"s competitive priorities?
-
Describe IKEA's process for developing a new product.
-
What are additional features of the IKEA concept (beyond their design process) that contribute to creating exceptional value for customer?
-
A portfolio has a standard deviation of 25%. The correlation of the portfolio and the market is 1. If the risk-free rate is 3.2%, the expected return on the market portfolio is 11%, and the standard...
-
(6 pts.) The following gas phase reaction system is conducted in an isothermal constant volume batch reactor. The reactor is charged with pure A with an initial concentration CAO AB ri = k CA B D r2...
-
Based on the NPV and IRR investment criteria, should your company introduce a new candy flavor? 1) Should the cost of a marketing survey be included in your decision? Why or why not? 2) Calculate the...
Study smarter with the SolutionInn App