A publisher is printing calendars for the upcoming year. The publisher estimates that demand for the calendars has a mean of 70,000 and a standard deviation of 25,000. The cost per calendar is $3, and the calendars are sold for $10 each. All unsold calendars are recycled at the end of January. a. How many calendars should the publisher have printed? What is the expected profit with the order quantity that you have chosen? What is the product fill rate (i. e., #calendars sold/#calendars demanded by customers) with this quantity? b. The printer has offered to discount the printing cost to $2.75 per calendar if the publisher orders at least 100,000. How many calendars should the publisher have printed?
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Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?
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The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo
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For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
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A publisher is printing calendars for the upcoming year. The publisher estimates that demand for the...
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