Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help with question 7 The owner of a sales kiosk of perishable goods downloaded 10 weeks of sales data from her POS (point of sales)
help with question 7
The owner of a sales kiosk of perishable goods downloaded 10 weeks of sales data from her POS (point of sales) system. That appears below. The unit revenue is $65, the unit cost is $28, and any unsold inventory at the end of each day is sold on the secondary market at a salvage price of $9 per unit. Restocking occurs on a daily basis. An inventory stockout on any given day sets the maximum revenue for that day, since replenishment orders cannot be placed for delivery on the same day. The daily fixed cost of operation is $160. Data Ten Week Sales Data (Units) \begin{tabular}{|r|} \hline BIN \\ \hline 10 \\ \hline 11 \\ \hline 12 \\ \hline 13 \\ \hline 14 \\ \hline 15 \\ \hline 16 \\ \hline 17 \\ \hline 18 \\ \hline 19 \\ \hline 20 \\ \hline \end{tabular} At what average daily demand will the business be at breakeven. (At the optimum stocking level.) Enter your result rounded to one decimal placeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started