1. (15 pts) party world is a store selling party stuffs. one of its popular products for halloween is elvis wig. the elvis wig is produced in asia, so party world has to make a single order well in advance of the upcoming season. tony, the manager of the store estimates the following as his demand forecast d pr(d) f(d) 5,000 0.05 0.05 10,000 0.11 0.16 15,000 0.15 0.31 20,000 0.22 0.53 25,000 0.21 0.74 30,000 0.13 0.87 35,000 0.10 0.97 40,000 0.03 1 the elvis wig retails for $20, party world pays $9 per unit to its manufacturer in asia. leftover inventory can be sold to discounters for $4. a) what order quantity maximizes party world’s expected profit? b) if party world orders the quantity in part a), what is party world’s expected fill rate? c) if party world orders the quantity in part a), then how many customers does party world expect to turn away because of shortage? d) if party world orders the quantity in part a), then how many wigs can they expect to have to liquidate? e) if party world orders the quantity in part a), then what is its expected profit? f) if party world wants to have a 90% cycle service level (csl), then how many elvis wigs should be ordered?

Accounting! will give five star the bixby co. had the following transactions involving the purchase of merchandise. prepare the necessary general journal entries. any applicable freight costs are prepaid by the seller. the perpetual inventory method is in use. june 16 purchased merchandise having a price of 6,000 from the shelby manufacturing co. on account with credit terms 2/10, n/30. transportation terms fob destination. june 16 purchased merchandise having a price of 9,000 from the ajax supply house on account with credit terms 2/10, n/30. transportation terms fob shipping point. the freight costs were 175. june 17 received the goods from shelby june 17 received the goods from ajax june 20 returned for credit merchandise with an invoice price of 800 to ajax june 25 paid shelby the amount owed june 28 paid ajax the amount owed june 30 returned for cash, merchandise with an invoice price of 400 to shelby questions: prepare the necessary general journal entry for june 16, purchased merchandise having a price of 6000 from shelby manufacturing co prepare the necessary general journal entry for june 17, received goods from shelby merchandise inventory 6000 prepare the necessary general journal entry for june 25 prepare the necessary general journal entry for june 28