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
salantis [7]
3 years ago
11

Daily demand for fresh cauliflower in the ZZ-Warehouse store follows normal distribution with mean 100 cartons and s.d. 20 carto

ns. The ZZ-Warehouse buys at a cost of $50.00 per carton, sells it for $70.00 per carton. Unsold cartons are sold for $20.00 per carton. What is the optimal order quantity, using the single period model?
Business
1 answer:
tamaranim1 [39]3 years ago
7 0

Answer: The optimal order quantity would be 95 approximately.

Explanation:

Since we have given that

Mean = 100 cartons

SD= 20 cartons

Cost price per carton = $50.00

Selling price per carton = $70.00

Salvage cost = $20.00

Underage cost = Selling  price - cost price

C_u = 70-50=20

Overall cost = Cost price - Salvage

C_o=50-20=30

So optimality proportion would be

\dfrac{C_u}{C_o+C_u}\\\\=\dfrac{20}{20+30}\\\\=\dfrac{20}{50}\\\\=0.4

At p = 0.4, so z = -0.253

So, it becomes,

q=\mu+z\times \sigma\\\\q=100-0.253\times 20\\\\q=100-5.06\\\\q=94.94

So, the optimal order quantity would be 95 approximately.

You might be interested in
Managers taking a contingency approach to organizational design should consider which three things in determining the optimal st
zubka84 [21]

Answer: Differentiation vs Integration environment

Link between strategy, structure and culture

Mechanistic vs Organic environment

Explanation:

Differentiation and integration environment

Differentiation looks at how an organization is being divided as regards functional areas and departments while integration looks at how a firm operates at the component level ie inter-deparment. A firm that seeks to survive must find a way to balance the two.

Link between strategy, structure and culture.

Strategy is all about the firm's long term vision and plans and how management hope to actualize them. Structure refers to the way the organization function; its chain of command. Culture refers to the shared values within the organization. The relationship between these three concepts is key.

Mechanistic vs Organic environment

The mechanistic environment is more suitable for a organization that is in a stable environment as it is rigid. An organic environment is more dynamic and will fare better in an unstable environment since it can easily cope with changes.

3 0
4 years ago
Read 2 more answers
Lorenzo wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vac
Gre4nikov [31]

Answer:

Please see explanation below

Explanation:

Money is a limited resources. In this case since the money couldn't get him both of the request, it has allowed him to choose his most pressing needs.

3 0
3 years ago
Read 2 more answers
Assume the market for oranges is perfectly competitive. If the demand for oranges​ increases, will the market supply additional​
DiKsa [7]

Answer:

The correct answer is option B.

Explanation:

The market for oranges is perfectly competitive. An increase in the demand for oranges will cause the demand curve to move to the right. This rightward shift in the demand curve will cause the equilibrium price and quantity to increase.

At higher price, the producers will supply more oranges, because they will earn more profits. The supply of product is positively related to its price. So at higher price of oranges, more quantity will be supplied.

5 0
3 years ago
Enterprise Machinists is always improving upon its core competencies by training its machinists constantly so that they are equi
german

The concept of Dynamic capabilities is used by the firm to improve its core competencies.

<h3>What is the concept of Dynamic capabilities?</h3>

This entails a firm ability to integrate and build its competencies to address rapidly changing environments.

Hence, as the firm trains its machinists constantly so that they are equipped to deal with technological advancements, it is adhering to concept of Dynamic capabilities.

Read more about Dynamic capabilities

<em>brainly.com/question/17102004</em>

#SPJ1

6 0
2 years ago
Not adjusting the amounts reported in the financial statements for inflation is an example of which basic principle of accountin
Kaylis [27]

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

What is Monetary unit?

The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.

Therefore,

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

To learn more about monetary unit from the given link;
brainly.com/question/13415456

#SPJ4

8 0
2 years ago
Other questions:
  • The federal government doesn't have a capital budget; however, private enterprises do have a capital budget and when they invest
    7·1 answer
  • Natalie has an easement to drive across Donald's road. Which of the following circumstances would terminate this easement?A. Sal
    10·1 answer
  • Anemone Company produces picture frames. During the year, 200,000 picture frames were produced. Materials and labor standards fo
    6·1 answer
  • Vanvalkenburg, Inc., manufactures and sells two products: Product Q5 and Product J0. The company has an activity-based costing s
    15·1 answer
  • The largest organizational unit in the federal bureaucracy is a(n) __________. science forums
    12·2 answers
  • Measures defined by management and used to internally evaluate the success of a​ firm's financial, business​ process, customer,
    11·1 answer
  • Bank robbery.
    5·1 answer
  • At this stage in your life as a student, what investment would you recommend to save a portion of your money for your retirement
    5·1 answer
  • On January 1, 2019, Cullumber Company had $1,000,000 of common stock outstanding that was issued at par. It also had retained ea
    14·1 answer
  • Explain control entry​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!