A local farm market buys fresh fruits and vegetables from local farmers. It buys peaches from one farmer at a cost of $1.00 per pound and sells them for $2.00 per pound. The demand for peaches during the season is normally distributed with a mean of 40 pounds per day and a daily standard deviation of 6 pounds. At the end of each business day, any unsold peaches are purchased by local restaurants for $0.40 per pound (in U. S. dollars) : Enter your answers to one decimal place. Determine the service level. The service level is Number %. What is the optimal stocking level for the service level deterimined in (a)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A local farm market buys fresh fruits and vegetables from local farmers. It buys peaches from one farmer at a cost of $1.00 per pound and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Apple has a Beta of 1.25. Assume that the risk-free rate of interest is 3% and that you expect the stock market will return 8% over the next year. According to the Capital Asset Pricing Model (CAPM), the expected return of Apple is
Answers (1)
Suppose Zenon Co. issued a long-term bond and received $250,000 cash from the issuance during 2015. The company also issued 12,000 shares of common stock for $260,000. At the end of the year, Zenon paid $165,000 for the dividend declared last year.
Answers (1)
You are the vice president of engineering for a large company. For the last several years the company has experienced lower sales and higher operating costs.
Answers (1)
Western shores is comparing two separate capital structures. the first structure consists of 260,000 shares of stock and no debt. the second structure consists of 210,000 shares of stock and $1.5 million of debt.
Answers (2)
The difference between fiscal policy and supply side economics is: a. fiscal policy focuses on government expenditures while supply side economics focuses on business investment expenditures. b.
Answers (1)
New Questions in Business
Emily has been waiting for a promotion to a management position for almost five years. She notices that men fill most of the higher-level jobs in her company. She suspects she is not being promoted because she is female. What term describes this? A.
Answers (1)
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300 Accounts payable 1,600 Retained earnings 4,700 Utilities expense 1,100 Supplies 12,000 Service revenue 7,500 Common
Answers (1)
A company has a fiscal year-end of december 31: (1) on october 1, $12,000 was paid for a one-year fire insurance policy; (2) on june 30 the company lent its chief financial officer $10,000; principal and interest at 6% are due in one year;
Answers (1)
Marquese is making 10 pounds of trail mix from raisins and nuts. Raisins cost $3.45 per pound, and nuts cost $7.95 per pound. How many pounds of raisins and how many pounds of nuts should marquese use for the trail mix to cost him $6.96 per pound?
Answers (2)
Ten Pins Manufacturing has 9 million shares of common stock outstanding. The current share price is $81, and the book value per share is $8. The company also has two bond issues outstanding.
Answers (1)