All categories

3 years ago

You produce T-shirts, and it costs $3 to make each shirt. If you choose a price of $5 for each shirt, then you will _____.

1 answer:

4 0

The answer is earn a profit.
You produce a T-shirt and its cost is 3 dollars to be able to make one.
Now, you choose a price of 5 dollars for each shirt. Therefore:
5 dollars price - 3 dollars capital = 2 dollars profit.
SO, you have earned profit

You might be interested in

The cost for a carton of milk is $3, and it is sold for $5. When the milk expires, it is thrown out. You also know that the mean

svetlana [45]

Answer:

a) $3

b) $2

c) 1449

Explanation:

Given:

The cost for a carton of milk = $3

Selling price for a carton of milk = $5

Salvage value = $0 [since When the milk expires, it is thrown out ]3

Mean of historical monthly demand = 1,500

Standard deviation = 200

Now,

a) cost of overstocking = Cost for a carton of milk - Salvage value

= $3 - $0

= $3

cost of under-stocking = Selling price - cost for a carton of milk

= $5 - $3

= $2

b) critical ratio = $\frac{\textup{cost of under-stocking }}{\textup{cost of overstocking + cost of under-stocking }}$

critical ratio = $\frac{\textup{2}}{\textup{3 + 2}}$

critical ratio = 0.4

c) optimal quantity of milk cartons = Mean + ( z × standard deviation )

here, z is the z-score for the critical ration of 0.4

we know

z-score(0.4) = -0.253

thus,

optimal quantity of milk cartons = 1,500 + ( -0.253 × 200 )

= 1500 - 50.6

= 1449.4 ≈ 1449 units

4 0

3 years ago

Sophie was informed by the management of her company that she would receive her salary for the current month a day later than us

Llana [10]

Answer:

The answer is closure.

Explanation:

Sophie was informed by the management of her company that she would receive her salary for the current month a day later than usual. She assumed that all her colleagues would also receive their salaries a day later. However, that was not the case. This scenario illustrates the concept of __closure___.

8 0

3 years ago

According to low estimates, we see advertisements every _____ minutes.

QveST [7]

Answer:

Explanation:

Its every 4 mins we see ads

8 0

3 years ago

Transactions in a traditional economy are typically done with _________.

Nat2105 [25]

Answer: credit or debit cards

Explanation:

5 0

3 years ago

You currently drive 250 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-eff

olga_2 [115]

Answer:

It is less expensive to keep your old car.

Explanation:

We have been given that you currently drive 250 miles per week in a car that gets 24 miles per gallon of gas.

1 year equals 52 weeks.

5 years equals 260 weeks.

$\text{Number of miles traveled in 5 years}=260\times 250$

$\text{Number of miles traveled in 5 years}=65,000$

The old car gives a mileage of 24 miles per gallon of gas.

$\text{Gallons of gas used by old car}=\frac{65,000}{24}$

$\text{Gallons of gas used by old car}=2708.33$

$\text{Cost of gas used by old car}=2708.33\times \$3.50$

$\text{Cost of gas used by old car}=\$9479.155$

$\text{Insurance premium for old car for 5 years}=\$400\times 5$

$\text{Insurance premium for old car for 5 years}=\$2,000$

$\text{Amount spent on repairs for old car}=\$1500\times 5$

$\text{Amount spent on repairs for old car}=\$7500$

$\text{Total cost of using old car for 5 years}=\$7500+\$9479.155+\$2,000$

$\text{Total cost of using old car for 5 years}=\$18979.155$

Therefore, the total of using old car for 5 years is $18979.16.

We are told that new car gives a mileage of 53 miles per gallon.

$\text{Gallons of gas used by new car}=\frac{65,000}{53}$

$\text{Gallons of gas used by new car}=1226.415$

$\text{Cost of gas used by new car}=\$3.50\times 1226.415$

$\text{Cost of gas used by new car}=\$4292.45$

$\text{Insurance premium for new car for 5 years}=\$800\times 5$

$\text{Insurance premium for new car for 5 years}=\$4,000$

$\text{Total cost of using new car for 5 years}=\$14,000+\$4292.45+\$4000$

$\text{Total cost of using new car for 5 years}=\$22292.45$

Since the cost of using new car for 5 years is greater than cost of using old car for 5 years, therefore, it is less expensive to keep your old car.

7 0

3 years ago

Read 2 more answers