Anvils Works’ requires, on average, 2800 tons of aluminum each week, with a standard deviation of 1000 tons. The lead time to receive its orders is 10 weeks. The holding cost for one ton of aluminum for one week is $11. It operates with a 0.98 in-stock probability. a. On average, how many tons does it have on order?

28,000 tons

Explanation:

Given the following ;

Average Weekly need = 2,800 tons

Lead time = 10 weeks

Average amount of tons on order = 10 × 2800 = 28,000 tons.

The on order quantity may be explained as a purchase order indicating the status of ordered goods or items. These purchase order status is in effect once items goods ordered have been been perfected and in-transit. The purchase order status remains valid until the goods are received.

The lead time refers to the time range or period between the initiation and receipt or completion stage of an order.

answer; /// the above statement is (false);

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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