Problem 11-10 (Algo)You are a newsvendor selling the San Pedro Times every morning. Before you get to work, you go to the printer and buy the day'spaper for $0.40 a copy. You sell a copy of the San Pedro Times for $1.30. Daily demand is distributed normally with mean = 325 andstandard deviation = 65. At the end of each morning, any leftover copies are worthless and they go to a recycle bin.a. How many copies of the San Pedro Times should you buy each morning?Note: Use Excel's NORM.S.INV() function to find the z value. Round your z value and service level to 2 decimal places and finalanswer to the nearest whole number.Optimal order quantityb. Based on a, what is the probability that you will run out of stock?Note: Round your answer to the nearest whole percent.Probability%

Given:Price P=$1.30Cost C=$0.40Salvage Value S= 0mean µ=325standard deviation σ=65Daily demand is…

Answered: Problem 11-10 (Algo) You are a…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 14PROB

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You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.35 a copy. You sell a copy of San Pedro Times for $130. Daily demand is distributed normally with mean =300 and standard deviation=60. At the end of each morning, any leftover copies are worthless, and they go to the recycle bin. How many copies of San Pedro Times should you buy each morning? (Use the excels NORMSINV( ) function to find the critical value for the given a-level, (Round you z-value to 2 decimal places and final answer to 2 decimal places.) Optimal order quantity = Based on a, what is the probability that you will run out of stock? ( Round to nearest whole number) Probability =
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#15 Expenses for a Pizza restaurant include raw material for pizza at $5.00 per slice, $124.00 as monthly rental and $25.00 monthly as insurance. Lost sale expense is considered to be $6.00 per unhappy customer. Leftover Pizza can be sold for $3. The restaurant is open 25 days in a month. Today the restaurant prepared 200.00 pizza slices and sells them for $14.00/slice. There was a party at a nearby office so the demand for pizza went up to 229.00 slices. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places.
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Question 7 (Breakeven Analysis). You decided to sell Only coffee using Nespresso machine during Ramadan The Nespresso Machine Cost is 3,000 SAR Every cup of coffee required one brown sugar that cost 0.5 SAR, one disposable cup costs 1.5 SAR, and one coffee capsule costs 3 SAR If you sell one coffee for 10 SAR Option 2 Option 1 No Employee Sales quantity = 1500 per month Selling Price 10 SAR per coffee One more Employee and his salary is 4000 Expected sales quantity = 2500 per month Selling Price 10 SAR per coffee What is the breakeven quantity? What is the breakeven quantity? What is the profit? What is the profit? Which option is better?
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8. A beauty supply store expects to sell 120 flat irons during the next year. It costs $1.60 to store one flat iron for one year. To reorder, there is a fixed cost of $6, plus $4.50 for each flat iron ordered. In what lot size and how many times per year should an order be placed to minimize inventory costs? how many flat irons per order how many orders per year
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