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svlad2 [7]
2 years ago
9

Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and

a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is its maximum profit?
a. $10,500
b. $8,500
c. $7,500
d. $6,000
Business
1 answer:
Minchanka [31]2 years ago
3 0

Answer:

c. $7,500

Explanation:

Profit Maximization is a process in which an entity determines the selling price and cost of the product that results in the highest profit.

Use following formula to calculate the maximum profit

Maximum profit = Mean demand x ( Price per unit - Cost per unit )

Where

Mean demand = 500

Price per unit = $25

Cost per unit = $10

Placing values in the formula

Maximum Profit = 500 x ( $25 - $10 )

Maximum Profit = $7,500

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3 years ago
Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in it
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Answer:

The cost of units transferred out during the month was:$ 99980

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Mundes Corporation

Current Costs Added

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Total Costs= Costs Added + Costs from Preceding Department

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The Costs of units transferred out is $ 99980

The current costs are added to the preceding costs to get the total costs of the units transferred out.

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