subject
Business, 26.05.2020 22:59 curlyysav536

AL-FAIDA Ltd is a retail company operating within the TIJANIYA enclave. AL-FAIDA has been reviewing the adequacy of its stock control systems. During a period of such review, three products were identified for further investigations. The table below sets out the details relevant to the three products. Product Type Units in store (000) Price per unit in store (GHS) Min. weekly sales in GHS (000) Normal weekly sales in GHS (000) Max. weekly sales in GHS (000) Fez 25 2.25 26 28 30 Khaolack 500 0.36 130 143 160Samgoon 250 0.87 60 96 128 Gross margin is expressed as a % of sales and given as follows for each product: Fez = 42; Khaolack = 46; Samgoon = 37. Gross margin = sales – purchase price of product. Outstanding order: Samgoon - order for 250,000 units placed 2 trading days ago. There are 6 trading days per week. All orders are delivered by suppliers into the central warehouse. The lead time is one week from the time order is placed. A further week is required by the retailer in order to transfer stock from central warehouse to stores. Both of these lead times can be relied upon. Required: Calculate for each product: i. the minimum and maximum weekly sales units (3 marks) ii. the stock re-order level (3 marks) iii. the maximum stock control level (3 marks) Show all workings.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:40
Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.
Answers: 2
question
Business, 22.06.2019 01:30
Consider the following limit order book for a share of stock. the last trade in the stock occurred at a price of $50. limit buy orders limit sell orders price shares price shares $49.75 500 $49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. if a market buy order for 100 shares comes in, at what price will it be filled? (round your answer to 2 decimal places.) b. at what price would the next market buy order be filled? (round your answer to 2 decimal places.) c. if you were a security dealer, would you want to increase or decrease your inventory of this stock? increase decrease
Answers: 2
question
Business, 22.06.2019 11:10
Which feature is a characteristic of a corporation?
Answers: 1
question
Business, 22.06.2019 12:20
Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:
Answers: 3
You know the right answer?
AL-FAIDA Ltd is a retail company operating within the TIJANIYA enclave. AL-FAIDA has been reviewing...
Questions
question
Mathematics, 21.05.2020 20:59
Questions on the website: 13722359