Where should the manufcaturer set the inventory levels, Accounting Basics

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Where should the manufcaturer set the inventory levels

The monthly sales of mufflers in Richmond, VA, area follow the normal distribution with a mean of 1,200 and a standard deviation of 225. The Manufacturer would like to establish inventory levels such that there is only 5 percent chance of running out of stock. Where should the manufcaturer set the inventory levels?

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Accounting Basics: Where should the manufcaturer set the inventory levels

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Accounting Basics: Where should the manufcaturer set the inventory levels

Reference No:- TGS098627

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Kind of evaluation system look like

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Where should the manufcaturer set the inventory levels

Reference No:- TGS098627

Recent Questions Asked Accounting Basics

Q : Kind of evaluation system look like

Q : Contract enforceable under the statute of frauds

Q : Type of advertising will be more useful

Q : Ethical approach to managing employees

Q : Where should the manufcaturer set the inventory levels

Q : What is the net income

Q : What is the cost per unit of product a under activity-based

Q : Reasoning for the planned promotional mix

Q : Which statements best describes the two events

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