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katrin [286]
3 years ago
15

Assume that each unit demanded generates $70 in revenue and that each unit ordered costs $50. How much will the company gain or

lose in a month (in dollars) if it places an order based on your answer to part (a) and the actual demand for the item is 300 units
Business
1 answer:
Vanyuwa [196]3 years ago
4 0

Answer:

Note: The full question is attached as picture below

a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.

The expected value is obtained below:

E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)

E(X) = 60+120+175+90

E(X) = 445

b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.

The gain/loss of the company = (300*(70−50)) - (145*50)

The gain/loss of the company = (300*20) - (145*50)

The gain/loss of the company = 6,000 - 7,250

The gain/loss of the company =−$1,250(Loss)

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A stock has a correlation with the market of 0.49. The standard deviation of the market is 25%, and the standard deviation of th
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3 years ago
"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such
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7 0
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Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200 Purchase
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Answer:

correct option is A. $5,087

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given data

March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200

Purchases                                        amount                 Sales  

Mar. 10               600 gals @ $7.25      4350          Mar. 5 400 gals

Mar. 16               800 gals @ $7.30       5840          Mar. 14 700 gals

Mar. 23              600 gals @ $7.35        4410          Mar. 20 500 gals

                                                                                    Mar. 26   700 gals

total                         3000 @7.267          21800

cost of good sold   2300 @ 7.267         16714

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balance is =  3000 - 2300 = 700 @ 7.267

ending inventory is $5087

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