Answer:
maximum profit = 10500
Explanation:
The newsvendor model is a statistical model used to manage inventory and determine the appropriate amount of inventory. So first of all we determine the optimal inventory level then we use it to find maximum profit. In order to determine optimal inventory level we first have to find possible variability in demand, for that we use the critical fractile formula which is as follows:
f= cu/cu+co
cu= underage cost = price - cost = $25 -$10 = $15
co= overage cost = cost - salvage value = $10 -$5 = $5
f= 15/15+5
f= 0.75
If we look at the standard normal cumulative distribution table 0.75 is equal to z= 0.67.
Q = Mean+ (z* standard deviation)
Optimal inventory = 500 + (0.67* 300)
Optimal inventory = 701 units
WE ROUND OFF THE UNITS TO 700.
Now we calculate maximum profit as follows:
maximum profit = contribution * Q
maximum profit = ($25 - $10) * 700
maximum profit = 10500
<span>The stage of the consumer decision making process that is represented is needing recognition. When Sam's car was totaled by someone hitting a stop sign, Sam found out his car could not be repaired therefor he discovered that he needed a new car. This was recognizing the need, which was to replace his vehicle.</span>
Answer:
$1.49 per share
Explanation:
The calculation of diluted earnings per share is given below:-
Diluted shares outstanding= $200,000 + 12,000 × ($36 - $30) ÷ 36
= $200,000 + 12,000 × 6 ÷ 36
= $200,000 + 2,000
= $202,000
Diluted earnings per share = Net income ÷ Diluted shares outstanding
= $300,000 ÷ $202,000
= $1.49 per share
Therefore for computing the diluted earnings per share we simply divide the net income by diluted shares outstanding.
This question corresponds to an informed opinion by presenting a judgment based on certain reasons.
<h3 /><h3>How is an opinion formed?</h3>
The judgment or vision that an individual acquires on a given topic may be constituted from facts, individual values or acquired knowledge, and the opinion may not correspond to the reality of the facts.
Therefore, it is essential that, when forming their own view of a situation, the individual seeks reliable sources and develops critical thinking, so that their opinion is more consistent and grounded.
Find out more about critical thinking here:
brainly.com/question/9400787
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Answer:
<h2>
a. Accounts receivable days = (Accounts Receivables/ Sales) * 365</h2>
Walmart Accounts Receivable Days = 5,587/482,546 * 365
= 4.23 days
Target Accounts Receivable Days = 832/73,481 * 365
= 4.13 days
<h2>
b. Inventory Turnover = Cost of Goods Sold/ Inventory</h2>
Walmart Inventory Turnover = 360,628/45,362
= 7.95
Target Inventory Turnover = 52,560/8,549
= 6.15
c. With Accounts Receivable, the company with the lower Receivable Days is managing Accounts Receivables well because they are getting paid earlier.
Target has a lower Accounts Receivable Days so Target is the company managing its accounts receivable more efficiently.
A higher Inventory Turnover ratio means that a company is managing inventory better as they are selling and replacing inventory faster.
Walmart has a higher Inventory Turnover ratio so Wal-Mart is the company managing its inventory more efficiently.