UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH countsits current inventory on-hand once per day and phones in its order for delivery 24 hours later.Average daily demandStandard deviation of demandDesired service probabilityHamburger inventory60010099%800Determine the number of hamburgers UAHH should order for the above conditions.Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 3 decimal places and final answer to the nearestwhole number.Number of hamburgers

The work done (W) is represented by the following formula:W = F * d * cos(θ)where:W is the work done…

Answered: UA Hamburger Hamlet (UAHH) places a…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter18: The Management Of Accounts Receivable And Inventories

Section: Chapter Questions

Problem 19P

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A perishable dairy product is ordered daily at a particular supermarket. The product, which costs $1.23 per unit, sells for $1.74 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with µ = 145 and σ = 25.Note: Use Appendix B to identify the areas for the standard normal distribution. What is your recommended daily order quantity for the supermarket? Round your answer to the nearest whole number.Q* = fill in the blank 1 What is the probability that the supermarket will sell all the units it orders? Round your answer to three decimal places.P(Stockout) = fill in the blank 2 In problems such as these, why would the supplier offer a rebate as high as $1? For example, why not offer a nominal rebate of, say, 25¢ per unit? What happens to the supermarket order quantity as the rebate is reduced?The lower rebate the quantity that the supermarket should order.
You are asked to manage the purchases of potatoes (10 kgs per bag). The annual demand = 1200 bags, Deliveredpurchase cost = 30/bags, Annual carrying cost percentage= 10percent, Order cost = 50/order. The lead time is 5 working days. Assuming 24 working days per month. 5.1 Determine the Economic Order Quantity 5.2 Determine the reorder point 5.3 Determine the average inventory5.4 Suppose orders are placed only at review time. Find the optimal period and the optimal orderquantity.
Uncle Chuck's Chicken Sandwich operates 360 days per year and uses a periodic system to make inventory decisions for fries. Daily demand has been forecast to be 600 units and the standard deviation of daily demand is 300 units. The order interval is 10 days and the order lead time is 4 days. Uncle Chuck's Chicken Sandwich desires to maintain a service level of 98% for this item. How much safety stock Uncle Chuck needs to carry? Do not round intermediate calculations. Round your answer to a whole number. Your Answer: Answer
Please solve all the questions
A. Genesis Company is a wholesaler. It purchases 60,000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Required: 1. Compute the economic order quantity. 2. How many orders would be placed under the EOQ policy? 3. Compute the annual ordering cost for the EOQ. 4. Compute the annual carrying cost for the EOQ. 5. Compute the total inventory-related cost at the EOQ. 6. Previously, the company had been purchasing 5,000 units of product X per order: What is the ordering cost per year under the previous policy? ii. The annual carrying cost? iii. How much money does the company save over the policy of purchasing 5,000 units per order using the EOQ policy? i. B. Kings Company presents the following information: 1. Annual credit sales: P 25,200,000 2. Collection period: 3 months 3. Rate of return: 12% Kings company considers changing its credit term from n/30 to 3/10, 1/30. The following are…
4. Genesis Company is a wholesaler. It purchases 60,000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Note: Kindly input your answer with comma. Example: 10,000 Required: a. Compute the economic order quantity. b. How many orders would be placed under the EOQ policy? c. Compute the annual ordering cost for the EOQ. d. Compute the annual carrying cost for the EOQ. e. Compute the total inventory-related cost at the EOQ.
Big Poppy's Pizza uses a periodic review system to manage the inventory of key items delivered from the distribution center once per week. The demand for boxes during the reorder period and order lead time is normally distributed with an average of 623 and the standard deviation of 66.7. If the store wants to maintain a 99% service level where should they set the restocking level. Round your answer to the nearest whole number.
Cheeseburger and Taco Company purchases 19,634 boxes of cheese each year. It costs $21 to place and ship each order and $3.74 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual ordering cost of cheese inventory. Round the answer to two decimals. Your Answer: Answer
Let's say a retail outlet sells a seasonal product for $10 per unit. The cost of the productis $8 per unit. All units not sold during the regular season are sold for half the retailprice in an end-of-season clearance sale. Assume that demand for the product isuniformly distributed between 200 and 800. (please answer a-c) thank you a. What is the recommended order quantity?b. What is the probability that at least some customers will ask to purchase the product after the outlet is sold out? That is, what is the probability of a stock-out using your order quantity in part (a)?c. To keep customers happy and returning to the store later, the owner feelsthat stock-outs should be avoided if at all possible. What is your recommended orderquantity if the owner is willing to tolerate a 0.15 probability of a stock-out?
The University Bookstore at a prestigious private universitybuys mechanical pencils from a wholesaler. The wholesaleroffers discounts for large orders according to the followingprice schedule: The bookstore expects an annual demand of 2,500 units. Itcosts $10 to place an order, and the annual cost of holding aunit in stock is 30 percent of the unit’s price. Determine thebest order quantity
What is the selling price of a dining room set at Macy's? Assume actual cost is $800 and 42% markup on selling price. Note: Round your answer to the nearest cent. Selling price
A popular e-commerce company caters to online food ordering and dining customers. They have three plans in which customer can opt for given below (In Rs): Delivery Cost Per Meal Discount on Dining Meal Delivery Cost Per Meal Plans Annual Membership Cost without Surge with Surge Basic 0.00% 25 50 0 Pro 25.00% 0 25 2000 Pro Plus 40.00% 0 0 4000 A typical customer has the following three scenarios for annual demand: No of No of Delivery Meals No of Delivery Meals without surge with surge Dining meals Scenario 1 10 30 0 Scenario 2 30 80 30 Scenario 3 50 50 50 On average, a dining meal cost at Rs 400 in restaurant (without any discount) and delivery meal cost Rs. 250 (Without any delivery charges). A typical customer decides her decision to choose plan based on the total annual cost (dining meal cost after discount + delivery meal cost including delivery charge + membership cost). Question 37 to 45 Please find the total annual cost for different combination of plan and scenarios Scenario 1…

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