subject
Business, 08.04.2021 20:20 zahriaarana

A local bakery shop bakes fresh muffins every morning to be sold throughout the day. The average daily demand for muffins is estimated as 50 with standard deviation of 5, and the demand is assumed to be normally distributed. Producing each muffin costs bakery shop 1 dollar, and the shop sells each muffin at 5 dollars. Any unsold muffin by the end of a day are given away for free. The average daily demand for muffins is estimated as [d] with standard deviation of [s]. Using the newsvendor model, how much muffin needs to produced every morning to maximize the expected profit

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:10
Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ
Answers: 3
question
Business, 22.06.2019 06:00
When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.
Answers: 3
question
Business, 22.06.2019 23:50
Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer
Answers: 1
question
Business, 23.06.2019 00:00
Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
Answers: 2
You know the right answer?
A local bakery shop bakes fresh muffins every morning to be sold throughout the day. The average dai...
Questions
question
Mathematics, 29.09.2020 16:01
question
Social Studies, 29.09.2020 16:01
question
History, 29.09.2020 16:01
question
History, 29.09.2020 16:01
question
Mathematics, 29.09.2020 16:01
Questions on the website: 13722360