1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
max2010maxim [7]
3 years ago
7

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on whic

h the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Business
1 answer:
Kay [80]3 years ago
7 0

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= <em>u</em> + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find <em>u</em>

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \frac{p-c}{p-v} )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\sqrt{n} = 400

You might be interested in
A portfolio is entirely invested into BBB stock, which is expected to return 16.4 percent, and ZI bonds, which are expected to r
Mashutka [201]

Answer:

the expected return on the portfolio is 12.34%

Explanation:

The computation of the expected return on the portfolio is shown below:

Expected Return is

= Investment in BBB ×  Return+ Investment in ZI × Return  

= 16.4 × 48% + 8.6 ×52%      

= 7.87% + 4.47%    

= 12.34%

hence, the expected return on the portfolio is 12.34%

7 0
3 years ago
When making financial decisions, it is important that you critically evaluate the source.
svetoff [14.1K]
Hello,

Here is your answer:

The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!
7 0
3 years ago
Read 2 more answers
Melanie is very concerned with avoiding late fees. The table shows her choices for paying her bills. Method Bill Payment Methods
sp2606 [1]
<span>The answer is 3 Set up automatic payments. Automatic payments can be done through direct access to ATM that receives the salary or bank account. This can help people like Melanie to avoid having trouble with late payments that would incur penalties. Paying by check would not be a good option because you should make sure there is enough money to pay for that purchase if not there could be more trouble. Paying through phone or online payments are sometimes delayed before it reaches the concerned company. 

</span>
3 0
4 years ago
Read 2 more answers
Many fast-food restaurant chains like McDonald's will occasionally discontinue restaurants. What are some financial and non-fina
zloy xaker [14]

Answer:

Big chain restaurant industry is a profitable industry with many players to compete. It is facing slow growth in terms of increase of profits and thus most players are looking for international expansion. The domestic consumers have drifted away from the fast food restaurants and they are looking for variety and healthy options for eating out. The profit margins have been low as compared to the fine dining restaurant and thus they depend upon volume of sales rather than value of sales for making profits . There is an increased competition from many international cuisines especially Mexican and Chinese along with...

Explanation:

3 0
2 years ago
Jacobs Company had inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.
Volgvan
The answer is c. $210
8 0
2 years ago
Read 2 more answers
Other questions:
  • George saves 18% of his total gross weekly earnings from his 2 part-time jobs. he earns $6.25 per hour from one part-time job an
    6·2 answers
  • When food lion grocery stores offer milk and eggs at all of its locations, it is providing customers with ____ utility.
    6·1 answer
  • Is hit or miss still popular?????? lol idek.....
    7·1 answer
  • "what is unsolicited email that plagues employees at all levels and clogs email systems?"
    14·1 answer
  • Mike Derr and Mark Finger form a partnership by combining assets of their separate businesses. The following balance sheet is fr
    13·1 answer
  • Market in which goods and services are bought and sold.
    12·1 answer
  • CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE
    9·1 answer
  • your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less tha
    13·1 answer
  • Yosko Company manufactures luggage sets. Yosko sells its luggage sets to department stores. Yosko expects to sell 2,050 luggage
    13·1 answer
  • A company purchased a building for $850,000 on January 1, 2010. As of December 31, 2014, $200,000 of accumulated depreciation ha
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!