Sweet Sweet Lisa stocks a variety of handcrafted bon-bons that feature fillings madefrom her hobby farm in eastern Oklahoma County. The blackberry jam is popular, asis the strawberry and peach varieties. This summer, she believes she can take themarket for two new varieties, okra and kitty litter. She has 5,600 different SKUs inher most recent catalog. In June, her customer base ordered 2,500 of these itemsand she was able to fulfill 600 of her orders.What is her stockout probability? Report your answer to the hundredths placewer

To calculate the stockout probability, we need to determine the proportion of orders that could not…

Answered: Sweet Sweet Lisa stocks a variety of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Jason has to sell a box of candy bars for a fundraiser. Yesterday he sold 1/3 of the total number of candy bars that came in the box, and today he sold 3 candy bars. If his sales for these two days was 11/30 of the total number of candy bars that came in the box, how many candy bars came in the box? 30 54 57 60 90
Quality Clothing, Inc., produces skorts and jumper uniforms for school children. In the process of cutting out the cloth pleces for each product, a certain amount of scrap cloth is produced. Quality has been selling this cloth scrap to Jorge's Scrap Warehouse for $3.30 p pound. Last year, the company sold 42,000 lb. of scrap, which would be enough to make 10,500 teddy bears that the management of Quality is now interested in producing. Their processes would need some reprogramming, particularly in the cutting and stitching processes, but it would require no additional worker training. However, new packaging would be needed. The total variable cost to produce the teddy bears $3.80. Fixed costs would increase by $93,000 per year for the lease of the packaging equipment and Quality estimates it could produce and sell 10,500 teddy bears per year. Finished teddy bears could be sold for $18.00 each. Calculate the effect on operating Income. Round your answers to the nearest dollar. Sell at…
For Mardi Gras, Sassy Southerner Boutique purchased 700 sets of boxed jewelry sets to sell for $19.99. 150 boxes were sold at the regular price. Then, to encourage more customers to purchase the boxed sets, the remaining sets were marked down to $14.99, and 208 boxes were sold. The week of Mardi Gras, the buyer was concerned that she would still have boxes leftover, so she took another markdown to $9.99, and moved them to the cash register for a prominent display, and she sold 300 boxes at this price.
Monique has a flock of six chickens in her backyard that she initially bought for $6 each. Theflock currently lays 20 eggs per week, which Monique and her family consume at home, andher current cost of feed is $2 per week. Monique has a job that pays $8/hour with flexiblehours, but she is thinking of selling her chickens’ eggs to earn extra income. To start sellingeggs, she would need to increase production to 30 eggs per week. She can do this by increasingthe chickens’ feed to $3 per week and taking an hour off work each week to devote to chickenrearing. If the market price of her farm-fresh eggs is $1 per egg, what would be Monique’sweekly economic profits from selling her chickens’ eggs? (Select one.)(a) −$9: This is her revenue minus her accounting cost.(b) −$1: This is her revenue minus her production cost.(c) $0: Eggs are a constant-cost market so producers must earn 0 profits.(d) $1: This is her revenue minus her economic cost.(e) $7: This is her revenue minus her accounting…
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The New England Cheese Company produces two cheese spreads by blending mild cheddar cheese with extra sharp cheddar cheese. The cheese spreads are packaged in 12-ounce containers, which are then sold to distributors throughout the Northeast. The Regular blend contains 80% mild cheddar and 20% extra sharp, and the Zesty blend contains 60% mild cheddar and 40% extra sharp. This year, a local dairy cooperative offered to provide up to 7,920 pounds of mild cheddar cheese for $1.20 per pound and up to 2,955 pounds of extra sharp cheddar cheese for $1.40 per pound. The cost to blend and package the cheese spreads, excluding the cost of the cheese, is $0.20 per container. If each container of Regular is sold for $1.90 and each container of Zesty is sold for $2.20, how many containers of Regular and Zesty should New England Cheese produce? Regular Zesty
Your friend, Julia, owns a corner store in your neighborhood. She purchases fresh milk from a nearby farm and sells them in her store. Cost of the milk is $5 per case, and each case can be sold for $6 per case. Since the milk does not go through rigorous treatment, it should be sold within a week. Any milk that is not sold during the week can be sold back to the farm for $2 per case. Based on the historical, she identified the following probability distribution of the demand. Weekly Demand (cases) Probability 16 0.05 17 0.15 18 0.35 19 0.25 20 0.2 One of the reasons why people come to her store is the availability of fresh milk, and those customers typically make other purchases along with fresh milk. She believes there will be a loss of such sales if she is not able to have enough fresh milk in the store, and estimates this loss to be $2 per case. Julia needs some help to determine how many cases of fresh milk she needs to order for the coming…

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