A domestic appliance retailer with multiple outlets stocks a popular toaster known as the Autocrisp 2000, for

Question:

A domestic appliance retailer with multiple outlets stocks a popular toaster known as the Autocrisp 2000, for which the following information is available:
Average sales.....................75 per day
Maximum sales.................95 per day
Minimum sales..................50 per day
Lead time...........................12–18 days
Re-order quantity..............1750
(i) Based on the data above, at what level of stocks would a replenishment order be issued?
(a) 1050
(b) 1330
(c) 1710
(d) 1750
(ii) Based on the data above, what is the maximum level of stocks possible?
(a) 1750
(b) 2860
(c) 3460
(d) 5210

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...

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