Quick Print Inc. uses plain and three-hole punched paper for copying needs. Demand for eachpaper type is highly variable. Weekly demand for the plain paper is estimated to be normallydistributed with mean 100 and standard deviation 65 (measured in boxes). Each week, areplenishment order is placed to the paper factory and the order arrives five weeks later. Allcopying orders that cannot be satisfied immediately due to lack of paper are back-ordered. Theinventory holding cost is about$1 per box per year. Quick Print estimates that the backorderpenalty cost is $20 per box. Assume that there are 4.33 weeks per month. Required:
What is Quick Print’s optimal target inventory position for plain paper if Quick Print operates with a 99 percent in-stock probability?

You want to make an investment in a continuously compounding account over a period of two years. what interest rate is required for your investment to double in that time period? round the logarithm value and the answer to the nearest tenth.

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

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