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loris [4]
2 years ago
12

In a particular setting where the newsvendor model applies, demand is Normally distributed and the critical ratio is 0.4. Then,

if the profit maximizing quantity (i.e., the Newsvendor ordering quantity) were ordered:_________
a. the expected sales is less than expected demand;
b. the expected sales is greater than expected demand;
c. the expected sales is exactly equal to expected demand;
d. the expected sales could be less than, equal to or greater than expected demand.
Business
1 answer:
Alja [10]2 years ago
3 0

Answer: C. the expected sales is exactly equal to expected demand;

Explanation:

The newsvendor model refers to the mathematical model that is used in the determination of optimal inventory levels. This model is characterized by uncertain demand and fixed prices for a good that's perishable e.g newspapers.

In this model, there can be a high profit only in a scenario whereby the demand and the supply is met. Therefore, if the profit maximizing quantity were ordered, the expected sales is exactly equal to expected demand.

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Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufact
adoni [48]

Answer:

a. $29.23

b. $146,150

Explanation:

a. The computation of overhead application rate is shown below:-

Overhead application rate = Total standard overhead ÷ Total standard hours

= $163,710 ÷ (1,120 × 5)

= $163,710 ÷ 5,600

= $29.23

So, for determining the overhead application rate we simply divide the total standard overhead by total standard hours.

b. The computation of overhead was applied to production is shown below:-

Applied overhead = Standard hours for actual production × Overhead application rate

= 5,000 × $29.23

= $146,150

So, for determining the applied overhead we simply divide the standard hours for actual production by overhead application rate

8 0
3 years ago
For years 2010 to 2015, the computers produced and shipped in highest quantity were _____. (note: all the choices represent a ki
ArbitrLikvidat [17]
The answer to this question is Smartphones.
Smartphones have taken over the market all over the world during that period due to the flexibility of their usage.
It's held the capability to do almost any casual technology user do, which pretty much change the course of overall human behavior.
6 0
2 years ago
A type of check that has a bank's guarantee of payment is a
ziro4ka [17]
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6 0
3 years ago
Read 2 more answers
Abbott Inc. owns 30% of the outstanding voting shares of Berta Inc. On the date of acquisition, the fair value of Berta's equipm
Vitek1552 [10]

Answer: During the year after the acquisition, the undervalued equipment will exceed Abbott's investment revenue by $1,200.

Explanation:

Multiply the amount exceeded of its carrying value by the % shares owned by Abbott.

Then divide the result by the useful life value of Barta's equipments

= (20,000 x 30%) / 5

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3 0
2 years ago
The following events apply to Gulf Seafood for the 2018 fiscal year: The company started when it acquired $60,000 cash by issuin
Arte-miy333 [17]

Answer:

depreciation per year:  9,000

<u>operating income: </u>     41,000

Explanation:

Q: Adjusted the records to reflect the use of the cooktop.

Under straight-line the company will recognize the same amount of depreciation over the course of the assets life. At year-end the company will adjsut for the loss in value for the asset generated for the past of time.

\frac{cost - salvage \: \:value}{useful \:\: life}

\frac{40,000- 4,000}{4}

depreciation per year: 9,000

<u>operating income:</u>

revenues                      72,000

salaries expense:        (25,000)

depreciation per year:  (9,000)

          total                    41,000

6 0
3 years ago
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