During 2020, Crane Inc. had sales on account of $204000, cash sales of $80700, and collections on account of $126400. In addition, they collected $2180 which had been written off as uncollectible in 2019. As a result of these transactions, the change in the accounts receivable balance indicates a

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?