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Easy question, just want to double-check my work. Thank you in advance. Arzula State University Insert Access Code Password Help Shortcut keys Contact Support Close
Easy question, just want to double-check my work. Thank you in advance.
Arzula State University Insert Access Code Password Help Shortcut keys Contact Support Close 100% Question 66 ASU Home My ASU Colleges 3 pts John Smith sells pretzels at a local minor league baseball stadium. Before every game, John has to determine how many pretzels to make since he cannot make them once he gets to the stadium. Each pretzels costs John $2 which he can then sell for $6 at the stadium. If he runs out of the pretzels, he buys them from another seller for $7/pretzel and still sells them for $6/pretzel. If he has any pretzels left over, he can sell for $1.50 to the local bar after the game. John wants to perform an analysis to determine how many pretzels should be made in preparation for the game. The spreadsheet implementation for this problem is provided. 1 Production Cost $ 2.00 2 Selling Price $ 6.00 3 Overstock Price $ 1.50 4 Penalty Cost for Understocking $ (1.00) ??? 6 Demand 7 Amount to Produce ??? 9 Quantity Sold 10 Overstock Amount 11 Understock Amount 12 13 Profit 14 e to search o te 11 Understock Amount 12 13 Profit 14 Which formula should be used to determine the Understock (cell B11)? =MIN(B6-87,0) =MAX(B7-36,0) =MAX(B6-B7,0) =MIN(B7-B6,0) o Bi e MAP 9 Quantity Sold 10 Overstock Amount 11 Understock Amount 12 13 Profit 14 If John Smith had demand for 35 pretzels but only made 30, what would be his profit? 120 115 135 140 opie
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