Consider Watto's junk shop from Problem 3 in Assignment 7. The Jawas require 10 credits (non-refundable) each day they go out looking for an engine. If they are successful in finding one, Watto will pay transport of the engine to his shop. It costs him about 160 credits in spare parts to repair the engine when it comes in. Watto estimates that an angry pilot (one that is unable to find an engine in Watto's shop) costs him about 100 credits in bad publicity. Watto sells all his engines for 1000 credits each. an additional 80 credits to complete the (a) What is the probability Watto has a full inventory? (b) What is the expected purchasing and restoration cost per day? (c) What is the expected total lost sales cost per day? (d) What is the expected gross revenue per day? (e) What is Watto's expected profit (including lost sales cost)?

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.