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
den301095 [7]
3 years ago
14

Spaceley’s Sprockets has just developed a new product. George Jetson, the Head of Product Development, feels that the product is

a winner, but he also feels it would be an even better product if waited six more months for further development before launching. Unfortunately, Spaceley’s closest competitor, Cogsley Cogs, has a similar product in the development pipeline. George feels that if he launches the product now to get a head start on Cogsley, he has a 50% chance of achieving a high level of sales, a 30% chance of a medium level of sales, and a 20% chance of a low level of sales. If he waits, he has a 30% chance of a high level of sales, and a 70% chance of a medium level of sales, with no chance of a low level of sales. High sales represents 100,000 units, medium sales represents 65,000 units, and low sales represents 10,000 units. If his objective is to maximize his expected number of units sold, what should George do and how many units would he be expected to sell
Business
1 answer:
Schach [20]3 years ago
8 0

Answer:

George should  wait for six more months for further development before launching.

Total units expected to be sold by this time is 75500 units

Explanation:

when launched early

Spaceley has : 50% of high level sale, 30% chance of medium level sale

20% chance of low level sale

When launched late

Spaceley has : 30% of high level sale, 70% of medium level sale, o% of low level sale

while

High sales = 100000

Medium sale = 65000

low level sale = 10000

A) when launched early

50% * 100000 = 50000

30% * 65000 =   19500

20% * 10000 =   2000  

Total sales = 71500 units

B) when launched  after 6 months

30% * 100000 = 30000

70% * 65000 =  45500

Total sales = 75500 units

George should  wait for six more months for further development before launching.

Total units expected to be sold by this time is 75500 units

You might be interested in
The major work elements defined in the statement of work (SOW) section along with the detailed list of deliverables provide the
Natali5045456 [20]

Answer:

Work Breakdown Structure (WBS)

Explanation:

Note that, <em>the statement of work (SOW</em>)  is usually used in project management to define project-specific activities, deliverables etc.

The Work Breakdown Structure (WBS)<em> finally breaks down the project into smaller components</em> as found in the image below. The image shows the case of a project breakdown to design and build a custom bicycle.

3 0
4 years ago
What is one reason why a business may want to move entirely online?
Brilliant_brown [7]
B. To focus on a global market.
4 0
3 years ago
Read 2 more answers
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the
Nookie1986 [14]

The trial balances of the Cobras Incorporated as of the given date and position will tally a balance of $62,400.

<h3>What is a trial balance?</h3>

A table that contains all the debit and credit balances from all the ledger books of accounts of a business organization as on a given date is known as the trial balance of such organization.

The trial balance has been attached in the image for better understanding of the concept for the learners. Please refer to the same for more insights.

Hence, the concept of trial balance has been explained above.

Learn more about trial balance here:

brainly.com/question/15059786

#SPJ1

3 0
2 years ago
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below:
Vlada [557]

Answer: 75,000 units

Explanation:

Come up with an expression to solve this.

Assume the budgeted production needed is P.

P needs 2 pounds of raw materials per unit so raw materials needed are 2P.

Beginning raw materials for February have to be 30% of the needs of February;

= 30% * 2P

= 0.6P

Ending raw materials for February have to be 30% of March needs so;

= 30% * 100,000 * 2 pounds

= ‭60,000‬ pounds

So;

Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials

165,000 = 2P + 60,000 - 0.6P

1.4P = 165,000 - 60,000

P =  (165,000 - 60,000) / 1.4

= 75,000 units

5 0
3 years ago
This​ year, Druehl,​ Inc., will produce 57,600 hot water heaters at its plant in​ Delaware, in order to meet expected global dem
VLD [36.1K]

Answer:

The number of labor employed by the plant is 160

Explanation:

The computation of the labor employed at the plant  is shown below:

= Yearly production ÷ (labor hours per month × productivity × month per year)

= 57,600 ÷ (200 hours × 0.15 × 12)

= 57,600 ÷ 360

= 160

Hence, the number of labor employed by the plant is 160 and the same is to be considered

We simply applied the above formula

8 0
3 years ago
Other questions:
  • Deep water can _____.
    15·2 answers
  • The Southside Corporation budgeted 4,400 pounds of direct materials to make 2,600 units of product. The company actually used 4,
    12·2 answers
  • Which of the following is a good internal control mechanism for cash disbursements? Multiple Choice Maximum purchase limits set
    9·1 answer
  • An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants
    6·1 answer
  • Hope Springs needs tablet computers that are fast, include 24/7 tech support, and include a generous volume discount. These crit
    13·1 answer
  • Which of the following is a good marketing tactic for reaching out to cold prospects?
    7·2 answers
  • Net worth is the amount you owe creditors.<br> a. True<br> b. False
    8·1 answer
  • Since content theories suggest that motivation results from individual needs, managers should ____________.
    7·1 answer
  • When a closed economy is in equilibrium, we know with certainty that
    8·1 answer
  • The plantwide overhead rate method is most appropriate for companies which have
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!