Problem 11-5 (Algo)Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows fromhistory that an average of 20 customers (with a standard deviation of 10) cancel their reservation or do not show for the flight. Revenuefrom a ticket on the flight is $100. If the flight is overbooked, the airline has a policy of getting the customer on the next available flightand giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $210. Super Discountconsiders the cost of flying the plane from New York to Los Angeles a sunk cost.By how many seats should Super Discount overbook the flight?Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places. Round your answer to the nearestwhole number.Overbook by16

Step 1:Given that, Cost of underestimating the demand (Cu) = $100 Cost of overestimating the demand…

Answered: Problem 11-5 (Algo) Next week, Super…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 14PROB

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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's paper 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 and standard 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 final answer to the nearest whole number. Optimal order quantity b. Based on a, what is the probability that you will run out of stock? Note: Round your answer to the nearest whole percent. Probability %
Use the following to answer questions 1 – 5 For the next few weeks TJ Agency is offering a 20% trade discount when providing advertising services of $30,000 or more to its customers to encourage customers to buy more advertising. The Agency also offers 2/10, n30 on all credit sales. All credit sales are invoiced at the end of the month. The Agency provided the following services this month; amounts are shown BEFORE trade discounts have been deducted. Remember, all sales and services are recorded at the agreed upon price. • Designs a $50,000 ad campaign for Customer A– on account- pays in 30 days • Designs a $75,000 ad campaign for Customer B– on account- pays within 10 days • Designs a $20,000 ad campaign for Customer C- account- pays within 10 days on • Designs a $10,000 ad campaign for Customer D– received payment last month 1. $ What amount of Service revenue should the Agency record for Customer A? 2. $ What amount of Service revenue should the Agency record for Customer B? 3. 2$…
Problem #1. You have a Visa credit card account with a 26.49% annual percentage rate calculated on the average daily balance. The billing date is the first day of each month, and the billing cycle is the number of days in that month. Your credit card balance on April 1 was $552. On April 10th you made a $119 purchase. You made another purchase, a $25 gift card, on April 24th. You made a $150 payment on April 29th. Show your work for all parts of the problem. (a) What is the average daily balance for April? (b) What is your finance charge on the account as of May 1st? (c) What is your new credit card balance?
Problem #1. You have a Visa credit card account with a 20.98% annual percentage rate calculated on the average daily balance. The billing date is the first day of each month, and the billing cycle is the number of days in that month. Your credit card balance on June 1 was $316. On June 9th you made a $125 purchase. You made another purchase, a $50 gift card, on June 25th. You made a $175 payment on June 28th. (a) What is the average daily balance for June? (b) What is your finance charge on the account as of July 1st? (c) What is your new credit card balance? Work MUST be shown
N1. Account
Word Problem 14-15 (Algo) [LU 14-2 (1)] From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be $877.67. Respond to the customer's concern. Note: Round your final answer to the nearest cent. 28-day billing cycle 3/18 3/24 Billing date $ 664 Previous balance Payment $ 60 Credit 3/29 Charge: Sears 250 4/5 Payment 19 Credit 4/9 Charge: Macy's 160 Average daily balance
An auto insurance company is implementing a new bonus system. In each month, if a policyholder does not have an accident, he or she will receive a 6.00 cash- back bonus from the insurer. Among the 1,000 policyholders of the auto insurance company, 3500 are classified as low-risk drivers and 650 are classified as high-risk drivers. In each month, the probability of zero accidents for high-risk drivers is .75 and the probability of zero accidents for low-risk drivers is .90. Calculate the expected bonus payment from the insurer to the 1,000 policyholders in one year.
pm.5
13. For the credit card account, assume one month between billing dates (with the appropriate number of days) and interest of 1.4% per month on the average daily balance. Find (a) the average daily balance, (b) the monthly finance charge, and (c) the account balance for the next billing. Previous Balance: $449.50 January 13 Billing Date January 15 Returns January 22 Clothes January 27 Bus tickets February 2 Payment February 6 Flowers $105.58 $122.54 $77.74 $120 $65.22 (a) The average daily balance is $ (Round to the nearest cent as needed.). (b) The finance charge is $ (Round to the nearest cent as needed.) (c) The account balance for the next billing is $ (Round to the nearest cent as needed.) C O a IS ry ry av to
Chapter 8 Question 6. Hello, I only need help on Part C. I know it is NOT $588. Thank you,
#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.
Give me answer within 45 min please I will give you upvote immediately its very urgent ....thankyou....

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