A restaurant uses an average of 100 jars of a special sauce each week. The cost of the jar is $75. Inventory related costs are as follows: Inventory carrying rate is 20%, and ordering costs are $ 100. An examination of restaurant records suggests that weekly demand is approximately normal and has a standard deviation of 5 jars per week. Lead time is three weeks, and the manager wants a stock-out probability that does not exceed 10 percent. Assume a year consists of 52 working weeks. a. Determine the EOQ.
b. Determine the ROP.
c. How much safety stock should be carried?
d. What service level would a reorder point of 110 jars provide?
e. What service level would a reorder point of 100 jars provide?

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance