Solved: Janess auto world has a policy of placing an order for 27, Accounting Basics

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Janess auto world has a policy of placing an order for 27

Janes's Auto World has a policy of placing an order for 27 of the most popular model whenever inventory reaches 20. Lead time on delivery is two weeks, and 25 automobiles are currently on hand. Simulate 15 weeks's worth of sales using the following probabilities that were derived from historical information

Sales per week: 5, 6, 7, 8, 9, 10, 11, 12, 13, and 14

Probability:.05, .05, .10, .10, .10, .20, .20, .10, .05 and .05

Use the following random numbers for sales: 23, 59, 82, 83, 61, 00, 48, 33, 06, 32, 82, 51, 54, 66, 55.

Does this policy appear to be appropriate ? Explain.

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Accounting Basics: Janess auto world has a policy of placing an order for 27

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Accounting Basics: Janess auto world has a policy of placing an order for 27

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