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Artyom0805 [142]
3 years ago
10

Henrique​ Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive.​ Day-old c

akes are virtually always​ sold, but at a​ 50% discount off the regular ​$16 price. The cost of baking a cake is ​$10​, and demand is estimated to be normally​ distributed, with a mean of 30 and a standard deviation of 7.
What is the optimal stocking​ level?
Business
1 answer:
Marianna [84]3 years ago
3 0

Answer:

optimal stocking level = 30.472

Explanation:

given data

Discount = 50%

Regular price, p = $16

cost of cake, c = $10

Mean = 30

Standard deviation, σ = 7

solution

we get her salvage value that is = 50% of Regular price

salvage value s = 50% of $16

salvage value s =  $8

and

Underage cost will be

Cu = p - c    .......................1

put here value

Cu = $16 - $ 10

Cu = $6

and

Overage cost will be

Co = c - s     ........................2

Co = $10 - $8

Co = $2

so here probability is

P ≤ \frac{C_{u}}{(C_{u}+C_{o})}    .....................3

put here value

P ≤ \frac{6}{(6+2)}  

P ≤ 0.75

so here Z value for the probability for 0.75 is

Z =  0.6745

and

optimal stocking level will be

optimal stocking level = Mean + ( z × σ )     .....................4

put here value

optimal stocking level = 30 + 0.6745 × 7

optimal stocking level = 30.472

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EB11.
Zarrin [17]

Answer:

Q. Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?

February 2018 $90,000, March 2018 92,000, April 2018 101,000, May 2018 98,000, June 2018 99,500.

Answer) $440,775

Explanation:

Cash payments to be made in 2018 for the purchases given in question are:

                              Feb 2018        Mar 2018   Apr 2018   May 2018  June 2018

Cash Payments

65% of $90,000   58,500            

30% of $90,000                           27,000

5%  of $90,000                                               4,500

65% of $92,000                           59,800

30% of $92,000                                             27,600

5%  of $92,000                                                                 4,600

65% of $101,000                                             65,650

30% of $101,000                                                              30,300

5%  of $101,000                                                                                      5,050

65% of $98,000                                                               63,700

30% of $98,000                                                                                      29,400

65% of $99,500                                                                                      64,675

Total                       $58,500     $86,800   $97,750     $98,600          $99,125

Total payments in 2018=$440,775

(58,500+86,800+97,750+98,600+99,125)

3 0
3 years ago
Suppose that Greece and Switzerland both produce beer and olives. Greece's opportunity cost of producing a crate of olives is 5
Rama09 [41]

<u>Answer: </u>

Out of the following prices, the price of 7 barrels of beer per crate of olives would make the trade beneficial for both Greece and Switzerland.

<u>Explanation: </u>

  • As we know that in Greece, a single crate of olive costs five barrels of beer. Where on the other hand, in Switzerland, one crate of olive costs ten barrels of beer.
  • Hence, if Greece agrees on giving one crate of olives on every seven barrels (two barrels more than what it costs in Greece), the trade would be beneficial for Greece.
  • Similarly, if one crate of olives costs seven barrels of beer instead of ten barrels, the trade would be beneficial for Switzerland too.
3 0
3 years ago
How unemployment is impacting on the south africa economy?
Evgesh-ka [11]
Unemployment continues to rise to unacceptable level. As David Lipton said if the government are to navigate this dangerous period. Government must respond concretely to all of these challenges. Despite of political obstacles.  This is important to all countries specially South Africa.
7 0
3 years ago
Gramps purchased a joint survivor annuity that pays $500 monthly over his remaining life and that of his wife, Gram. Gramps is 7
Bezzdna [24]

Answer:

$150

Explanation:

Calculation of how much income that Gramps will recognize on the first payment.

Since joint survivor annuity has 23.1 as the annual return multiple .

Calculation for Expected return

Expected return =Annual payment *Return multiple

($500*12) =$6,000

$6,000×23.1

=$138,600

Therefore :

$97,020/$138,600

=0.7×100

=70%

The 70% of each of the payment will be the return of capital while the 30%(100%-70%) will be the income.

Hence the first payment be:

30%×500

=$150

Therefore the amount of income that Gramps will recognize on the first payment will be $150

6 0
3 years ago
Which of the following is the pursuit of the highest standard for what we should believe?
Paul [167]

Answer:

D) Theoretical reason

Explanation:

Theoretical reason is the pursuit of truth, knowledge and wisdom. It is the reason that  leads to cognition. According to this belief, science is the ultimate means to truth. By following theoretical reason, we are in search of the highest standard for what we should believe and live by.

4 0
3 years ago
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