Anvil's works requires on average 2,800 tons of aluminum each week with a standard deviation of 1,000 tons. the lead time to receive their orders is 10 weeks. the holding cost for 1 ton of aluminum for one week is $11. they operate with a 0.98 in-stock probability. a. on average how many tons do they have on order? b. on average how many tons do they have on hand? c. if their average inventory were 5000 tons, what their average holding cost per week? d. if their average inventory were 10,000 tons, what their average holding cost per ton of aluminum demanded each week? round to the nearest 2 decimal. e. suppose their on-hand inventory is 4975 tons on a average. what in-stock probability do they offer to their customers? round to the nearest 4 decimal

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.