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
tatiyna
3 years ago
15

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 ca

kes are virtually always sold, but at a 50% discount off the regular $10 price. The cost of baking a cake is $7, and demand is estimated to be normally distributed, with a mean of 25 and a standard deviation of 8. What is the optimal stocking level? Refer to the standard normal table for z-values. The optimal stocking level for the bakery is cakes (round your response to the nearest whole number).
Business
1 answer:
masha68 [24]3 years ago
8 0

Answer:

The optimal stocking level for the bakery is cakes 27.

Explanation:

Cost c = $ 7

Selling price p = $ 10

salvage value s = $ 5

Mean = 25

Standard deviation \sigma = 8

Cu = underage cost

    = p-c

    = $10 - $7

    = $3

Co = overage cost

     = c-s

     = $7 - $5

     = $2

P\leq C_{u}/(C_{u}+C_{o})

P\leq3/(3+2)

= 0.6

By using normsinv() function in excel we to find the correct critical value

The Z value for the probability 0.6 is 0.2533

The optimal stocking level is

=\mu +z\sigma

= 25 + 0.2533 *8

= 27.02

The optimal stocking level of bakery is 27.02

Therefore, The optimal stocking level for the bakery is cakes 27.

You might be interested in
Who wants to talk to me? (NO POLITICS) PLZ :(
vampirchik [111]

Answer:

if no politics why u put category as business xD

Explanation:

8 0
2 years ago
Read 2 more answers
Opportunity recognition is the process of identifying, ________, and developing new venture opportunities.
brilliants [131]

Answer:

Selecting

Explanation:

The answer has been added into the question in this paragraph. It is in bold letters. Opportunity recognition is the process of identifying, <u>selecting</u>, and developing new venture opportunities.

when we talk about opportunity recognition we are talking about the ability to perceive new ideas, opportunities for a business or venture. as well as also being on the lookout for ways to improve. a person could just come up with new money making venture, or he could come up with ways to improve an existing venture.

3 0
3 years ago
Using the summary of the accident, calculate the total dollar value of the property damage
NARA [144]

Answer:

The summary of the accident, calculate the total dollar value of the property damage  Stephanie caused is explained below in detail.

Explanation:

The term 100/300/100 coverage indicates that a character has coverage of $100,000 physical damage mortgage coverage per person, $300,000 total physical damage mortgage insurance per accident, and $100,000 property loss accountability per accident.

So, in case Stephanie prompted a property and accident destruction, then $1,00000 will be sustained by the insurance corporation and above this value, it will be paid by Stephanie.

8 0
3 years ago
why is allowance for doubtful accounts credited, instead of accounts receivable, when recording the adjusting entry for bad debt
alukav5142 [94]

The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts  Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.

The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.

learn more about  doubtful account visit brainly.com/question/28944789

#SPJ4

7 0
1 year ago
A _____ strategy is a way of obtaining customers by making decisions that allow an organization to produce goods or services mor
Rashid [163]
The answer to this question is what we called the low cost strategy. The low cost strategy is a type of pricing strategy where in the company offers a very low price for its products and services in order to produce more goods and service. The price for this strategy is more cheaper than the competitors.
4 0
2 years ago
Other questions:
  • Why is the critical path critical?
    13·1 answer
  • A company estimates that an average-risk project has a WACC of 10 percent, a below-average-risk project has a WACC of 8 percent,
    11·1 answer
  • As an economist working at the International Monetary Fund, you are given the following data for Burundi: observed per capita GD
    11·1 answer
  • You have an insurance policy with a $300 premium and a $500 deductabile. How much should you expect to pay the insurance company
    13·1 answer
  • Review the transactions below and select the one that would be journalized in a general journal when specialized journals are us
    9·1 answer
  • The cost of producing a good and getting it to the customers is called the _____ .
    10·1 answer
  • which career cluster does the accouning pathway belong in? a.finance b.manufacturing c.information technology d. health sciences
    13·1 answer
  • "Given the following information from Cullumber Corporation, what price would the CAPM predict that the company’s stock will tra
    7·1 answer
  • On a piece of paper or on a device with a touch screen, hand write the solution to the following problem. Then photograph or sav
    7·1 answer
  • 5 pose food risk or hazard
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!