Table $5.10$ A Firm Using the Periodic Review System (P System) Reviews

question 80

Multiple Choice

Table $5.10$
A firm using the periodic review system (P system) reviews the status of an item every 4 weeks. The standard deviation in weekly demand is 60 units. The lead time for the item is 3 weeks, whereas demand averages 200 units per week. You will need to refer to a normal table to answer the question(s) .
-Use the information in Table 5.10. Suppose the firm decides on a safety stock (B) of 245 units. It is time to review the item, and the current inventory position is 700 units. How many units should be ordered? (Hint: Before answering this question, you must first compute T, the target inventory level.)

• A) less than or equal to 900 units
• B) greater than 900 but less than or equal to 950 units
• C) greater than 950 but less than or equal to 1000 units
• D) greater than 1000 units

Understand weather-related safety information and preventive measures.

Gain knowledge about the risks and prevention strategies of carbon monoxide poisoning.

Understand the procedures for managing hazardous material spills.

Recognize common incidents in healthcare settings and techniques for their prevention and management.

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Definitions:

No-par Common Stock

No-par common stock is issued without a par value, and its value is determined by what investors are willing to pay for it, rather than being stated in the company's charter.

Cash Dividend

A payout to shareholders from a company's earnings in the form of cash.

Dividends in Arrears

This term refers to dividends on preferred shares that have been declared but not yet paid to shareholders.

Stockholder Group

A Stockholder Group consists of individuals or entities that own shares of stock in a company, giving them certain rights, such as voting on corporate matters.