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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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Universal Containers sells through many different reseller networks. Each reseller's deals are tracked on separate opportunities
tatiyna

Answer: change the forecast category to omitted on the duplicate opportunities

Explanation:

The sales process should be modified to ensure opportunities are not double-counted in the pipeline by changing the forecast category to omitted on the duplicate opportunities.

When this is done, the multiple opportunities for the same end customer will be curtailed and hence, there'll be accuracy with regards to the pipeline report.

5 0
2 years ago
Trek Company has the following production data for April: units transferred out 40,200, and ending work in process 6,220 units t
Kitty [74]

Answer:

the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively

Explanation:

The computation is shown below:

Cost assign to units transferred out is

= 40,200 units × $4 + 40,200  units ×  $10

= $160,800 + $402,000

= $562,800

And, the Cost assign to work in progress is

= 6,220  units × $4 + (6,220 units × 0.40) × $10

= $24,880 + $24,880

= $49,760

Hence, the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively

5 0
3 years ago
g At the beginning of the month, the Forming Department of Martin Manufacturing had 22,000 units in inventory, 30% complete as t
Liula [17]

Answer:

62,000 units

Explanation:

Calculation to determine how many units did the Forming Department start and complete in the current month

Total units completed and transferred 84,000 units

Less Inventory at the beginning of this month 22,000 units

Units Forming Department started and completed in the current month 62,000 units

(84,000 units-22,000 units)

Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units

7 0
2 years ago
________is one of the most substantial influences on buyer behaviors and attitudes. It is the smallest, most immediate reference
scZoUnD [109]

Answer: Family.

Explanation:

The family a consumer is born into, strongly influences the way that consumer would make purchase for the rest of their lives. This occurs because in the family, the consumer is groomed to love a certain type of food, fashion and develop a specific type of taste that remains with them as long as they live.

3 0
3 years ago
In _____, the buyer is often the only member of the buying center involved in the process.
Pepsi [2]
In the process of straight rebuys, the buyer has this tendency to be the only member of the buying centre that is involved in the operation. In addition to that, the method is also used to describe the when a consumer would have to buy again the same product without referring to the information attached to it.
6 0
3 years ago
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