A Manufacturing Concern Enters the New Year with a Forecast

question 45

Essay

A manufacturing concern enters the new year with a forecast and customer orders as shown in the table.They have a beginning inventory of 25 units and a batch size of 25 units (all MPS quantities must be in multiples of 25).Complete the rest of the master production schedule by filling in the projected ending inventory,master production schedule quantity,and available to promise rows

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Definitions:

Revolving Credit Agreement

A formal, binding agreement with a bank as to the maximum amount a firm can borrow during a period of time. Interest is paid on the amount borrowed and a commitment fee is paid on the unused balance.

Promissory Note

A lending agreement in which the borrower promises to pay principal and interest in accordance with specific terms.

Commercial Banks

Banks that provide a wide range of services to businesses and consumers including loans, checking accounts, and savings options.

Commercial Bank Loans

are loans that businesses and individuals can obtain from a commercial bank to finance various needs, such as business expansion or personal expenses.