Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 10, 2024

In your role as production planner, you have experienced too many stock outs on one particular item. This item has 292 pints of demand during

In your role as production planner, you have experienced too many stock outs on one particular item. This item has 292 pints of demand during the lead time and a standard deviation during the lead time of 13.6 pints. Calculate the Safety Stock assuming a 5% risk level. (Keep two decimal places in your answer which should be a percentage)

Your Answer:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

17. Suppose each of three persons tosses a coin. If the outcome of one of the tosses differs from the other outcomes, then the game ends. If not, then the persons start over and retoss their coins....

Answered: 1 week ago

Question

★★★★★

Jay Simons, the accountant of See Co., wanted to buy a new computer software package for his general ledger. He couldnt do it because all funds were frozen for the rest of the fiscal period. Jay...

Answered: 1 week ago

Question

★★★★★

Otis Thorpe Corporation has 11,390 shares of $100 par value, 5% preferred stock and 54,900 shares of $9 par value common stock outstanding at December 31, 2014. Answer the questions in each of the...

Answered: 1 week ago

Question

★★★★★

11. Trading Marketable Securities: A. are considered non-current assets. B. are recorded at amortized cost. C. are marked to the lower of cost or market each accounting period. D. are marked to...

Answered: 1 week ago

Question

★★★★★

A worker views leisure and income as "goods" and has an opportunity to work at an hourly wage of $16 per hour. a. The worker's opportunity set in a given 24-hour period is illustrated below.What are...

Answered: 1 week ago

Question

★★★★★

Question 26 [2 points} Using expansionary policies to combat a recession would 0 increase a budget deficit. 0 increase a budget surplus. 0 decrease discretionary spending. 0 increase federal revenue....

Answered: 1 week ago

Question

★★★★★

To analyze a complex negotiation (work, personal, or historical) To apply negotiation course concepts in your analysis. These objectives, while straightforward, are critical to your learning....

Answered: 1 week ago

Question

★★★★★

What Would You Do? Michael Michael is a student in your fifth-grade class. His father passed away in an automobile accident last year. Before his father's death Michael always did well in school and...

Answered: 1 week ago

Question

★★★★★

Exercise 8-23 (Algo) Preparing a balance sheet LO P1, P3, P4 Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet....

Answered: 1 week ago

Previous Question Next Question