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
max2010maxim [7]
3 years ago
13

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 c

akes are virtually always​ sold, but at a​ 50% discount off the regular ​$ price. The cost of baking a cake is ​$​, and demand is estimated to be normally​ distributed, with a mean of and a standard deviation of . What is the optimal stocking​ level? Refer to the standard normal tableLOADING... for​ z-values. The optimal stocking level for the bakery is nothing cakes ​(round your response to the nearest whole​ number).
Business
1 answer:
sashaice [31]3 years ago
3 0

Answer:

27

Explanation:

The computation of the optimal stocking level for the bakery is shown below:

Given that

Cost = c = $7

Selling price =  p = $ 10

salvage value =  s = $ 5

Mean = 25

Standard deviation = \sigma= 8

Now based on the above information

underage cost = Cu  = p-c = $10 - $7 = $3

And,

overage cost = Co = c-s = $7 - $5 = $2

So,

\frac{P\leq C_{u}}{(C_{u}+C_{o})}\\\\\frac{P\leq3}{(3+2)}

= 0.6

Now use normsinv() function in excel

So,

The Z value for the probability 0.6 is 0.2533

Now finally

The optimal stocking level is

=\mu +z\sigma

= 25 + 0.2533 × 8

= 27.02

= 27

You might be interested in
For this assignment, choose from any two categories products that are at different product life cycle stages. Identify the produ
Anettt [7]

Answer and Explanation:

The product life cycle stages of a product shows the growth of the product from its introducing level to further pathway. In the first stage of product life cycle the product is just launched and sales is less because people are not aware of the product. In the second stage, sales increasing due to the advertisement and the absence of competitors. In the third stage, sales of the product is increasing at a diminishing rate because of the increase of competitors. And in the final stage, the sales of the product decline due to the stiff competition.

Here am taking the product life cycle stages of Nokia and Maggi noodles.

Nokia enters the first stage of product cycle when the Nokia phone is introduced in the economy in 1995 to 2002. The second stage i.e. growth stage is from 2003 to 2009. The maturity stage is from 2009 to 2011. After 2011 it faces decline stage. In the introduction stage Nokia launched the model with capable of sending an receiving messages. And in the second stage they launched phones without external antenna and also had better features of games, alarm,displays etc. And in the third stage, launched a lot of touch screen models but that not compete with the new brands. A good will company faces decline stage only because of the wrong decisions such as when all other mobile companies move and the popularity of android increases, Nokia and its windows phone failed to attract consumers.  

While considered the product life cycle stages of Maggi noodles. In the introductory stage, high failure rates with the lowest acceptance from the consumers. In the growth stage, they offered more sizes,flavors and options. In 2003, they reaches the maturity stage. Then it faces long run drop in sales. The lack of essential nutrients and the increase in prices and the mismatch of their flavors with Indian taste are the main drawbacks made by the Nestle company in the case of Maggi noodles.

Suggestions;

The companies must increase the market penetration strategies by increasing the advertising strategies. They also conducted marketing survey before launching a new product.Attractive advertisements attract consumers. Innovations of new products with different flavors also increase the growth of the product. Above all, there should be make changes in the features of products with the changing environment of the economy.

6 0
3 years ago
Bourdon Software has 11.2 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and c
sasho [114]

Answer:

119.6

Explanation:

5 0
3 years ago
Inflation is undesirable because it: Multiple Choice always makes the nation poorer. redistributes income from those who can rai
Firlakuza [10]

Inflation is undesirable because it redistributes income from those who can raise prices to those who cannot.

<h3>What is inflation?</h3>
  • In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
  • Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
  • A general increase in prices over time diminishes customers' purchasing power because a constant quantity of money will eventually allow for less consumption.
  • Whether inflation is running at 2% or 4%, consumers still lose purchasing power; the higher inflation rate only doubles that loss.
  • Those interest rates that are fixed for the duration of the loan, won't fluctuate in line with inflation.

To learn more about Inflation refer to:

brainly.com/question/15692461

#SPJ4

8 0
2 years ago
A number of activities that are a part of a company's quality control system are listed below:
KonstantinChe [14]

Answer:

Explanation:

A. Product testing - Appraisal cost

B. Product recalls - External Failure cost

C. Rework labor and overhead - Internal Failure cost

D. Quality circles - Prevention cost

E. Downtime caused by defects - Internal Failure cost

F. Cost of field servicing - External Failure cost

G. Inspection of goods - Appraisal cost

H. Quality engineering -  Prevention cost

I. Warranty repairs - External Failure cost

J. Statistical process control -Prevention cost  

K. Net cost of scrap - Internal Failure cost

L. Depreciation of test equipment - Appraisal cost

M. Returns and allowances arising from poor quality - External Failure cost

N. Disposal of defective products - Internal Failure cost

O. Technical support to suppliers - Prevention cost

P. Systems development - Prevention cost

Q. Warranty replacements -   Internal Failure cost

R. Field testing at customer site - Appraisal cost

S. Product design -  Prevention cost

2. Which of the four types of costs in (1) above are incurred in an effort to keep poor quality of conformance from occurring? Prevention costs and appraisal costs.

Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred?   Internal failure costs and external failure costs

4 0
3 years ago
Maroon hotels inc. is using the behaviorally anchored rating scale (bars) method of employee performance appraisal. what is the
choli [55]
<span>The advantage of using BARS method </span>is not requiring separate appraisal forms for different jobs. Behaviorally Anchored Rating Scale is collating the qualitative and quantitative data to give further explanation on a certain individual's rating and the corresponding behavior towards that rating.
8 0
3 years ago
Read 2 more answers
Other questions:
  • ​Smokey's Sandwich Shoppe paid​ $3,000 for a 2minusyear insurance policy on March​ 1, 2018. The accountant forgot to make any ad
    9·1 answer
  • If all monopolistically competitive firms had identical cost curves:_________.a. the industry would remain monopolistically comp
    9·1 answer
  • How do employees and managers know what decision-making authority they have regarding firm assets?
    11·1 answer
  • In which of the following situations should you expect to provide your Social Security number? A. Signing up for an after-school
    6·2 answers
  • A principle purpose of the market model is to show how equilibrium price and quantity will change as a result of some 'exogenous
    8·1 answer
  • HELP ME ASAPP ! Please don’t guess!
    11·1 answer
  • Futures contracts on gold are based on 100 troy ounces and priced in dollars per troy ounce. Assume the January gold contract se
    14·1 answer
  • Help me its urgent............
    5·1 answer
  • Your project sponsor is Shirley, the Chief Information Officer. She is a member of the hospital leadership team who controls the
    8·1 answer
  • Meg invested $16,000 in a savings account. if the annual interest rate is 6%, how much will be in the account in 5 years for qua
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!