Solve for me All please. True and falseNo explanation need 1: MARK TRUE or FALSE:1. Par stock is the maximum quantity of any item that should be on hand at any given time.2. The primary purpose of receiving control is to verify that the foods delivered conform to the invoicreceived.3. Proper temperature for the storage of fresh fish is higher is higher than that for fresh meat.4. Commercial restaurants typically rotate food stores by the LIFO method.5. The FIFO method of rotating stock allows the older items to be used before the most recentpurchases.6 Standard purchase specifications are used only for perishable items.7 Foods should be put away in the fridge or freezer within two hours.8. When a firm tries to increase sales by offering new or improved products to its present markets.is called "product development".9. A market is a group of sellers who offer substitute ways of satisfying customer needs.10. One of the difficult things about segmenting is that not every customer will neatly fit into somemarket segment.al follow the hierarchical sequence.are served.

The given set of statements pertains to various aspects of inventory management, food safety…

Answered: 1: MARK TRUE or FA 1. Par stock is the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Which of the following is ‘data’? i. Number of items in inventory in the store were 3,000 ii. Value of items in the store was OMR 5,000 iii. Total items with value OMR 1,500 to OMR 3,000 were 500
Which of the following internal control procedures most likely would be used tomaintain accurate inventory records?(1) Perpetual inventory records are periodically compared with the current cost ofindividual inventory items.(2) A just-in-time inventory ordering system keeps inventory levels to a desired minimum.(3) Requisitions, receiving reports, and purchase orders are independently matchedbefore payment is approved.(4) Periodic inventory counts are used to adjust the perpetual inventory records
30) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. Assume the XYZ company orders 9,000 handles at a time (not necessarily the economic order quantity). The order receipt period = _____ days. Group of answer choices a) 6.0 b) 5.8 c) 30.0 d) 51.4 e) 50.0
27) Ali has a restaurant where the customers use a different number of disposable cups each day he is open. Every 30 days, Ali places an order to replenish his cup inventory. It takes 3 days for the order to arrive, at which point it brings the inventory level up to 4000 cups. It costs Ali $30 to have the order processed. Select all statements that apply to Ali's situation: Group of answer choices a) Ali uses a Continuous Inventory System b) d is constant c) Ali uses a Periodic Inventory System d) Ali uses a Fixed-Order-Quantity Inventory System e) Maximum Inventory Level is constant
A restaurant uses an average of 50 jars of a special sauce each week. Weekly usage ofsauce has a standard deviation of 3 jars. The manager is willing to accept no more than a10 percent risk of stockout during lead time, which is two weeks. Assume the distributionof usage is normal.a. Which of the given formulas is appropriate for this situation? Why?b. Determine the value of z.c. Determine the ROP.
A Rhode Island company produces communion wafers for churches around the countryand the world. The little company produces a lot of wafers, several hundred million peryear. When in production, the process produces wafers at the rate of 100 per second.During this production process, the wafers must spend 15 minutes passing througha cooling tube. How many wafers does the cooling tube hold, on average, when inproduction (in other words, don’t count the time they are not in production)?
2-39 Susan Williams has been the production manager of Medical Suppliers, Inc., for the past 17 years. Medical Suppliers, Inc., is a producer of bandages and arm slings. During the past 5 years, the demand for No-Stick bandages has been fairly constant. On average, sales have been about 87,000 packages of No-Stick. Susan has reason to believe that the distribution of No-Stick follows a normal curve, with a standard deviation of 4,000 packages. What is the probability that sales will be less than 81,000 packages?
1) Antonio is the RM at the 180-room Hawthorne Suites. Disappointed in his occupancy rate last year, he decided to reduce his room rates this year by 10 percent to help increase sales and improve his RevPAR. This action resulted in an upswing in occupancy, from 75 percent last year, to 85 percent this year; an increase of 13.3 percent.Last year, Antonio’s controllable operating costs were $61.00 per room. This year, they rose to $62.00 per room, an increase of only 1.6 percent. Help Antonio better understand the overall results of his rate reduction strategy by completing his hotel’s May operating performance worksheet and then answering the questions that follow. Statistics Last May This May Occupancy % 75% 85% Rooms Sold ADR $129.99 $116.99 Rooms Revenue RevPAR Controllable operating cost Gross operating profit GOPPAR 2) Paige Vincent is the RM at the City Center Novotel. For over 12 months, she has been working hard to improve the…
Determine optimal number of needles to order D = 1,000 units S= $10 per order H= $.50 per unit per year Q* = 200 units
Which one of the following is the most likely example of dependent demand for an MRP controlled item? Demand for spare parts Demand directly from customers Demand from quality control department for destructive testing Demand from MPS Which of the following quantities has no effect on the first period’s ATP calculation? Current on-hand inventory Booked customer orders for the first periods MPS quantity for the first period Forecasted demand for the first period
SKU A B с D E F G Total 12.6 A company wants to store the following seven SKUs so there is a 100% accessibility. Items are stored on pallets that are stored four high. a. How many pallet positions are needed? b. What is the cube utilization? c. If the company bought racking for storing the pallets, how many pallet positions are needed to give 100% accessibility? Number of Pallets Pallet Positions Required 14 17 40 33 40 22 34
29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production

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