Question
Green Thumb, a manufacturer of lawn care equipment, has introduced a new product. Each unit costs $150 to manufacture, and the introductory price is $200.
Green Thumb, a manufacturer of lawn care equipment, has introduced a new product. Each unit costs $150 to manufacture, and the introductory price is $200. At this price, the anticipated demand is normally distributed with a mean 300 and a standard deviation of 60. Any unsold units at the end of the season will be sold at post season sale for $50 each.
a. How many units should Green Thumb manufacture for sale?
b. What is the expected profit from this policy? c. On average, how many customers does Green Thumb expect to turn away because of stocking out?
PLEASE ANSWER IN EXCEL
Green Thumb, a manufacturer of lawn care equipment, has introduced a new product. Each unit costs $150 to manufacture, and the introductory price is $200. At this price, the anticipated demand is normally distributed with a mean 300 and a standard deviation of 60. Any unsold units at the end of the season will be sold at post season sale for $50 each.
a. How many units should Green Thumb manufacture for sale?
b. What is the expected profit from this policy? c. On average, how many customers does Green Thumb expect to turn away because of stocking out?
PLEASE ANSWER IN EXCEL
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Audit And Accounting Guide Employee Benefit Plans
Authors: American Institute Of Certified Public Accountants
1st Edition
0870515756, 978-0870515750
