Product 'Fishy' is a highly perishable commodity which can be sold on the retail market for $$
Question:
Product 'Fishy' is a highly perishable commodity which can be sold on the retail market for $\$ 20$ per case, or for animal food at $\$ 1$ per case. 'Fishy' costs $\$ 10$ per case from the wholesale market, and is only suitable for sale at the retail market for up to 24 hours after purchase. Orders for 'Fishy' must be placed in advance each day.
Vincent, a market stall owner, has kept the following records of sales of the 'Fishy' over the past 50 days, and correctly set up the following payoff table of his profits:
On the basis of using the maximax criteria, Vincent should supply ______________ cases of 'Fishy'.
Transcribed Image Text:
Supply of cases Daily demand 10 cases 20 cases 30 cases 10 cases $100 $10 ($80) 20 cases $100 $200 $110 30 cases $100 $200 $300
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Product 'Fishy' is a highly perishable commodity which can be sold on the retail market for $\$ 20$ per case, or for animal food at $\$ 1$ per case. 'Fishy' costs $\$ 10$ per case from the wholesale...
-
Case Study 2 (questions at the end of the document) By Colleen Haight Summer 2011, Stanford Social Innovation Review, Informing and Inspiring leaders of social change Jesus Lopez Hernandez picks ripe...
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
A city starts a solid waste landfill in 2012. When the landfill was opened the city estimated that it would fill to capacity within 5 years and that the cost to cover the facility would be $1.5...
-
Suppose that you want to compare the means of several populations, using independent samples. If given the choice between using the one-way ANOVA test and the Kruskal-Wallis test, which would you...
-
Look at todays share price for SuperGroup plc. Has the share price risen or fallen since the share issue?
-
Mussel settlement patterns on algae. Mussel larvae are in great abundance in the drift material that washes up on Ninety Mile Beach in New Zealand. These larvae tend to settle on algae....
-
Taylor Orlando began Taylor Roofing, his roofing business, on March 1, 2022. On March 31, the balances in the accounts were as follows. Cash $9,000, Accounts Receivable $2,000, Equipment $8,000,...
-
Please be kind enough to show all your workings and calculations step by step in a clear manner, and please double check your answer for mistakes. Thank you A company expects to sell 20000 Units @...
-
Cement $\mathrm{Co}$ is a listed company specialising in the manufacture of cement, a product used in the building industry. The company has been a major player in the construction sector of European...
-
A bank has estimated that the expected value of its portfolio in 10 days' time will be $\$ 30$ million, with a standard deviation of $\$ 3.29$ million. Required: Using a $99 \%$ confidence level,...
-
The conceptual diagram and block diagram of an open loop control for a lawnmower engine are shown below. Assume the control is turned on at time t = 0 and left on thereafter. Use the proportional...
-
Companies that engage international business do so in pursuit of a broad range of goals. Nonetheless, the text identifies key drivers, noting that the typical company expands operations...
-
How do lifestyle changes, such as urbanization or an aging population, affect consumer needs and preferences in our industry?
-
Verify that the following general thermodynamic property relationships are valid for the specific case of an ideal gas: (a) T = au (b) P = -9) av
-
Performance management systems that do not make true contribution to the organizational goals are not true performance management systems. List and describe at least five contributions a good...
-
How do cognitive biases, such as confirmation bias and anchoring, influence strategic decision-making processes at the executive level, and what measures can be implemented to mitigate their impact ?
-
Define a transaction and give an example of each of the two types of events that are considered transactions.
-
The Ranch 888 Noodle Company sells two types of dried noodles:ramen, at $6.50 per box, and chow fun, at $7.70 per box. So farthis year, the company has sold a total of 110,096 boxes ofnoodles,...
-
Variance analysis, hospital (adapted from CMA, June 1989) Mountain View Hospital has adopted a standard cost accounting system for evaluation and control of nursing labor. Diagnosis-related groups...
-
Asahi USA, Inc., based in Denver, Colorado, is a subsidiary of a Japanese company manufacturing specialty tools. Asahi USA employs a standard cost system. Following are the standards per unit of one...
-
Sales variance analysis Bakery Extraordinaire sells several types of muffins and scones and also sells carrot bread loaves. Planned prices and sales quantities for February are shown here: The actual...
-
Diplomatic Security Service provides Airport Transportation and Surveillance Service to Foreign Diplomats in Guyana. The company has two support departments - Information Systems and Equipment...
-
Q1: A disparity of bargaining power between the parties to a contract may result in unfair terms but a court is not likely to consider the contract unconscionable. Group of answer choices a. True b....
-
Life Tool Manufacturing has a system in place to recall products that prove to be dangerous at some time after manufacture and distribution. This represents which element of the due care theory?...
Study smarter with the SolutionInn App