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
saw5 [17]
3 years ago
7

A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh

strawberries can be reasonably approximated using a normal distribution with a mean of 40 quarts per day and a standard deviation of 6 quarts per day. Excess costs run 35 cents per quart. The grocer orders 49 quarts per day.
a. What is the implied cost of shortage per quart?

b.Why might this be a reasonable figure?
Business
1 answer:
nasty-shy [4]3 years ago
5 0

Answer:

(a)The implied cost of shortage per quart is = $4.75

(b) This could be viewed as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.

Explanation:

Solution

Given that:

Mean =μ = 40

Standard deviation =σ = 6

Excess cost= Ce =$0.35

The amount ordered =S₀= 49

Thus

Z =(49 -40)/6

=1.5

Now

From the Table Z, we have the service level which is,

P(X <49 ) = P(Z < 1.5)

= 0.9332

Since we know that,

Service level (SL) =Cs/Cs+Ce

So,

0,9332 =Cs/Cs+0.35

Thus

0.9332Cs + 0.35* 0.9332 =Cs

0.0668Cs =0.32662

Hence

Cs = $4.75

(a) The implied cost of shortage per quart is = $4.75

(b) Therefore,this could be regarded as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.

You might be interested in
Which of the following statements is true?
Ivan

Answer:

Statement b. is True

Explanation:

When using variable costing method, all the costs which are variable in nature is charged based on per unit basis and is not periodic in nature, as depends o quantum of production and sales.

While considering fixed cost, it is considered periodic in nature as this does not depend on quantum of production or quantum of sales, as this is fixed in terms for a period it is periodic in nature, and is treated unavoidable even at a level where no units are produced.

Thus, Statement b. is True.

7 0
3 years ago
It’s important to know whether you’ve paraphrased and cited source material for your paper correctly so you avoid plagiarism. Re
Oksanka [162]

Answer:

The correct answer are: Example of Plagiarism ; Correctly Paraphrased.

Explanation:

Plagiarism is using someone else's work, ideas, or words as if they were their own, without explicitly crediting where the information comes from.

The outside information is owned by another person (such as a car or anything else we own), regardless of whether it is free or not, or in the way we have accessed it (on the Internet, a magazine, a book) . Our words belong to us and cannot be used without our permission.

When paraphrasing, a person performs a paraphrase of a speech, whether oral or written. For this, words, syntax and other elements of the original content must be replaced, always respecting the meaning, so that information is not lost in the process.

4 0
4 years ago
True or false: stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the
dimulka [17.4K]

It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.

<h3>Who are stakeholders?</h3>

These are investors that has a vested interest in a company and can either affect or be affected by a business' operations and performance. Some examples of a stakeholders includes investors, employees, customers, suppliers, communities, governments, trade associations etc.

However, It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.

Read more about stakeholders

brainly.com/question/15532995

#SPJ1

7 0
2 years ago
Maren received 10 NQOs (each option gives her the right to purchase 8 shares of stock for $8 per share) at the time she started
bonufazy [111]

Answer:

Option (b) is correct.

Explanation:

Sale of share = NQOs received × No. of shares × Selling price per share

                      = 10 × 8 × $22

                      = $1,760

Gain realised:

= Sale of share - Basis

= $1,760 - [NQOs received × No. of shares × Selling price per share at $15]

= $1,760 - [10 × 8 × $15]

= $1,760 - $1,200

= $560

Tax paid = Gain realised × preferential rate

               = $560 × 15%

               = $84

6 0
3 years ago
Clarifying the issues of a problem is the _____ step in the problem solving process.
solmaris [256]

Answer:

hii there

The correct answer is option ( A )

8 Step Problem Solving Process

Step 1: Define the Problem. What is the problem?

Step 2: Clarify the Problem.

Step 3: Define the Goals.

Step 4: Identify Root Cause of the Problem.

Step 5: Develop Action Plan.

Step 6: Execute Action Plan.

Step 7: Evaluate the Results.

Step 8: Continuously Improve

Explanation:

Hope it helps

have a nice day

8 0
3 years ago
Other questions:
  • Kathy, a fashion model, witnessed a motor vehicle accident but did not stop because she was late for her pedicure and simply did
    9·1 answer
  • On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware
    11·1 answer
  • Mary, a HR manager, is designing a training class for those working on the new cross-functional teams within her company. This c
    6·1 answer
  • Segmentation and targeting influence a company’s resource allocation, potentially affecting strategic decisions in all of the fo
    11·1 answer
  • Net worth is the amount you owe creditors.<br> a. True<br> b. False
    8·1 answer
  • A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The
    15·1 answer
  • The form of credit provided by banks in which a customer is allowed to draw over and
    11·1 answer
  • Use the data (In $Millions) below from the latest Integrated Program Management Report (IPMR) from your contractor: BCWS BCWP AC
    8·1 answer
  • International Data Systems' information on revenue and costs is relevant only up to a sales volume of 121,000 units. After 121,0
    9·1 answer
  • Why is the national government proritis ing the rebuilding of KZN infrastucture destroyed by the 2021 July unrest and the recent
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!