What should their reorder point be, Financial Accounting

+44 141 628 6080
[email protected]

What should their reorder point be

Problem

A company targets a 96% service level for a product with independent weekly demand that is normally distributed with a mean of 55 and a standard deviation of 11. They use a continuous review policy and order from a supplier with a lead time of 3 weeks. What should their reorder point be?

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: What should their reorder point be

Reference No:- TGS03259291

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Financial Accounting

Q : How much will laura accumulate in seven years

Laura saves $26 at the end of each week and deposits the money in an account paying 12% compounded semi-annually. How much will Laura accumulate in 7 years?

Q : What amount is booked to the cash discount account

Assuming that the customer takes the discount, what amount is booked to the cash discount account under the net method of recording a discount?

Q : How much cash was collected from customers

Assuming there are no write-offs made during 2021, how much cash was collected from customers during 2021?

Q : What do these metrics tell you about the financial health

What do these metrics tell you about the financial health of the company? Which economic and market factors may have influenced the financial health?

Q : What should their reorder point be

They use a continuous review policy and order from a supplier with a lead time of 3 weeks. What should their reorder point be?

Q : Calculate the copy department costs allocated to sales

The costs are assigned to two cost pools, one for fixed and one for variable costs. Calculate the copy department costs allocated to sales.

Q : Prepare the adjusting journal entry to accrue interest

Prepare the adjusting journal entry to accrue interest at December 31, 2020. Explain what 94.5 means in issuing these bonds.

Q : Calculate the contribution margin showing all workings

Calculate the contribution margin, showing all workings. Calculate the break-even point in units showing all working. Calculate the break-even point in dollars.

Q : Evaluate the varying approaches to performance management

With this statement in mind, evaluate the varying approaches to performance management and discuss how these approaches measure employee performance.

1955562

Questions
Asked

3,689

Active Tutors

1425252

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Record of improvement on quality and patient satisfaction

Your HCO has several clinical services, and a record of improvement on quality, patient satisfaction, and associate satisfaction in most of them.

Explore a framework related to public health

Question: Locate and explore a framework related to public health (this week's PowerPoint has some good examples)

Steps taken by first police officer arriving at crime scene

What are the steps taken by the first police officer arriving at a crime scene?

Design a press kit for a sport event

Design a press kit for a sport event (this may be a fictional event, or a real event from your institution) that includes a short press release.

How dns analyzes report as part of risk management strategy

Which of the options below is a reason the DNS analyzes the report as part of the risk management strategy?

Problem regarding diabetes and moderate dementia

Mr. Smith is a 75-year-old man with diabetes and moderate dementia. Staff are often overheard saying he is both difficult and demanding

Child has a desquamative rash of the hands and feet

A child has a desquamative rash of the hands and feet. Which additional finding should the nurse expect to observe with this rash?