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timofeeve [1]
3 years ago
5

Your and your business partner bake bread to be sold at the Madison Farmer's Market every Saturday. You calculate the underage c

ost to be $2.50 per loaf and the overage cost to be $0.75 per loaf. If you are baking the profit maximizing amount of bread that balances the overage and underage cost, how often should you expect to run out of bread at the farmer's market
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
8 0

Answer:

23%

Explanation:

Overage cost(Co) = $0.75

Underage cost(Cu) = $2.50

Service level = Cu/(Co + Cu)

Service level = $2.50 / ($0.75+$2.50)  

Service level = $2.50 / $3.25

Service level = 0.76923077

Service level = 76.92%

So the optimal service level is 77%

Risk of stock-out = 100% - Service level

Risk of stock-out = 100% - 77%

Risk of stock-out = 23%

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Ryan attends a seminar on environmental conservation, and afterward decides to contribute to the conservation of the environment
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Answer: 1) Planting trees around him 2) Using bio and solar powered appliances

Explanation:

They are many ways to conserve the environment. Conserving the environment helps the earth and nature to grow better. Amongst all Ryan would have learnt from the training, here are some things he would do when he's back;

- Planting of trees; this helps preserve and purify the air around, reducing cabon monoxide as the plant takes it in, then gives oxygen.

- Use bio and solar powered appliances; fuel(petrol) has had a long run in the industry for energy, although it has it's advantages but it's disadvantages is more as it's the major contributor to the depreciation of the environment based on lots of toxic element it emits to the society

6 0
3 years ago
When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of
DaniilM [7]

Answer:

The firm will continue to produce in the short run.

Explanation:

Given the number of units produced by Acme Dynamite = 250 units.

The variable cost of producing the 250 units = $2000

The fixed cost = $500

The selling price = $25 per unit.

The new price after the fall in price = $10

Total revenue from the selling of 250 units = 250 × 10 = $2500

Since the revenue received is covering the variable cost and fixed cost. Thus, the firm will produce or continue to produce in the short run.

7 0
3 years ago
Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his 45 shares of the company. Bill transferred prope
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Rob and Bill.

Explanation:

6 0
3 years ago
Assuming a court did find there was a valid offer, if there was an action brought against the store, would Vinny's mistake of gi
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Answer:

C. Yes, since the mistake would be obvious to a reasonable person.

Explanation:

A unilateral mistake <u>occurs when only one party is mistaken as to the subject matter</u> or the terms contained in the contract agreement.

<u>The general rule involving unilateral mistakes is that, if the non-mistaken party either knew or should have known of the other party's mistake, the mistake is a “palpable unilateral mistake” which makes the contract voidable</u> by the mistaken party.

Therefore, since Vinny's mistake would have been obvious to the other party, it could make the contract voidable and relieve the store of the liability.

7 0
4 years ago
Read 2 more answers
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