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]
4 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]4 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 manufacturer of games sell each copy for 21.95.the manufacturing cost of each copy is 14.92. monthly fixed cost is 8500. durin
natali 33 [55]

The break-even point is calculated as -

Break-even point (in units) = Fixed cost ÷ Contribution margin per unit

Here,

Selling price = $ 21.95

Variable cost (manufacturing costs) = $ 14.92 (since, costs bifurcation is not given, the manufacturing costs are taken as variable costs)

Contribution per unit = Selling price - Variable cost (manufacturing costs)

Contribution per unit = $ 7.03

Fixed cost (monthly) = $ 8500

Now,

Break-even point (in units) = $ 8,500 ÷ $ 7.03

Break-even point (in units) = 1,209.1 or 1210 games

7 0
4 years ago
William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2019 AGI before the IRA
Paul [167]

Answer:

The maximum contribution is $3,850

Explanation:

The contribution eliminate isn't pertinent if the single citizen under age 50 doesn't take an interest in the business supported arrangement and most extreme measure of $5,500 can be asserted for charge year 2019.  

As Williams takes an interest in the business supported arrangement and he is under age 50, the IRA contribution will eliminate for money above $63,000 up to $73,000.The most extreme breaking point is $5,500 .

Compute the contribution as follows:

[($66,000 - $63,000)  / ($73,000 - $63,000 )] × 100 = 30%,

Thus, 30% contribution will phase out and 70% of maximum limit is allowed. Therefore, maximum contribution is $5,500 x 70%, i.e. $3,850.

5 0
3 years ago
Instruck inc. is a real estate firm based in colorado. the company ensures that employees' pay is dependent on what they are cap
Kruka [31]
Based on the above scenario, the pay structure being exemplified Skill-based pay systems. Skill-based pay systems are pay structures that set pay as indicated by the workers' level of expertise or learning and what they can do. Paying For abilities bodes well at associations where changing innovation expects workers to constantly broaden and extend their insight.
6 0
4 years ago
A stock had returns of 18.58%, -5.58%, and 20.81% for the past three years. What is the variance of returns?
NemiM [27]

Answer:

Variance = 0.02141851

Explanation:

We first calculate the mean for the stocks

Mean = (0.1858 - 0.0558 + 0.2081) / 3

Mean = 0.3381 / 3

Mean = 0.1127

Variance = [(0.1858 - 0.1127)^2 + (- 0.0558 - 0.1127)^2 + (0.2081 - 0.1127)^2] / 3 -1

Variance = [0.0731^2 + (-0.1685^2) + 0.0954^2] / 2

Variance = 0.00534361 + 0.02839225 + 0.00910116 / 2

Variance = 0.04283702 / 2

Variance = 0.02141851

The variance of returns is 0.02141851

7 0
3 years ago
The Ohio State University research on initiating structure and consideration was focused on identifying what aspect of leadershi
exis [7]

Ohio State University's research on initiating structure and consideration was focused on identifying the task-oriented aspect of leadership.

Task-oriented leadership occurs when the manager specifies the group's tasks and delegates assignments to each member, through clear processes and with a set deadline for completion.

In task-oriented leadership, the leader will clearly establish the initiation structure by organizing the group's actions guided by a well-defined schedule.

Therefore, Ohio State University research was focused on identifying task-oriented leadership, which is used to structure the workplace by directing the achievement of tasks and priorities through completion in the allotted time.

Learn more here:

brainly.com/question/15508197

8 0
3 years ago
Other questions:
  • Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insure both cars with t
    6·1 answer
  • A tract of land used for raising crops or livestock is called
    14·1 answer
  • Charles Mott works for a company called VeriSign that acts a trusted third party to verify information. One of Charles' largest
    12·1 answer
  • Unions contribute to
    10·1 answer
  • Under variable costing, which of the following costs would be included in finished goods inventory? a.salary of vice president o
    13·1 answer
  • High-income families spend approximately _______ to raise a child.
    5·1 answer
  • List and explain the gymnastics activities​
    11·2 answers
  • A company’s _ tells you how much money the company has left over after subtracting all expenses
    8·1 answer
  • A broker's listing agreement specifies that a 5½% commission is to be paid on the sale price. The sales associate for the firm
    10·1 answer
  • Suppose that a deep and prolonged recession induces some job seekers to discontinue their job search efforts due to the belief t
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!