Answer:
$700
Explanation:
Given.
X = Number of Computers Sold
p(0) =.1, p(1) =.2, p(2) =.3 and p(3) =.4.
h(x) = Revenue - Cost
Revenue = 1000X + 200(3 - X)
Cost = 1500
So, h(X) = 1000X+ 200(3 - X) - 1500
h(X) = 1000X + 600 - 200X - 1500
h(X) = 800X - 900
The possible range of Computer sold is 0 to 3 (I.e p(0) to p(3))
Hence, we'll solve for h(0) to h(3)
h(0) = 800(0) - 900
h(1) = 0 - 900
h(0) = -900
h(1) = 800(1) - 900
h(1) = 800 - 900
h(1) = -100
h(2) = 800(2) - 900
h(2) = 1600 - 900
h(2) = 700
h(3) = 800(3) - 900
h(3) = 2400 - 900
h(3) = 1500
Calculating E(h(x))
E(h(x)) = p(0).h(0) + p(1).h(1) + p(2).h(2) + p(3).h(3)
So,
E(h(x)) = 0.1 * -900 + 0.2 * -100 + 0.3 * 700 + 0.4 * 1500
E(h(x)) = -90 - 20 + 210 + 600
E(h(x)) = 700
So, E(h(x)) = $700
Answer:
The correct answer is 40.6 days. None of the options is correct.
Explanation:
The average collection period of the accounts receivable is how long it takes the company to collect its accounts receivable. It is expressed as: (Average accounts receivable / Net credit sales) x 365 days.
Average collection period = [($760,000 + $840,000)/2 / $7,200,000] x 365 days = 40.6 days
This means it takes the company 40.6 days to collect its accounts receivable.
Answer:
50 packages of offer 1 and 50 packages of offer 2
Explanation:
Determine How many packages of each offer do they have to sell to maximize the profit
Number of package of offer 1 = x
Number of package of offer 2 = y
<u>Applying the LPP model</u>
max Z = 30 x + 50 y ---- ( 1 )
now subject to the constraints from Linear programming
x + 3y ≤ 200 ------ L1
x + y ≤ 100 ------ L2
x ≥ 20 ------------- L3
y ≥ 10 -------------- L4
therefore the number of packages of each offer that can be sold to maximize profit will be : X = 50 and Y = 50 referring to equation from the LPP model considering that the shop can sell at most 100 pairs
Answer: The correct answer is
b. Memos are commonly written to people within your own organization.
Explanation: Memos are written form of communication in a formal setting. They are written to people within the same organisation.
Memos contain a 'from' and 'to' headings as well as a subject. This helps give the receiver a clear picture of the purpose of the communication as often times the reader skims through the memo to get a clue of the content.
Answer: $1.50
Explanation:
Based on the information given in the question, we are informed that the variable cost of each box is $1.50 and usually has a contribution margin of $0.80 per box.
We should note that the minimum transfer price that the box division should find as acceptable will be the relevant cost. In this case, the relevant cost is given as $1.50 pee box and therefore, the minimum transfer price will be $1.50.
