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PA 13-8 (Algo) Geoff Gullo owns a small firm that manufactures... Geoff Gullo owns a small firm that manufactures Guillo Sunglasses. He has the opportunity

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PA 13-8 (Algo) Geoff Gullo owns a small firm that manufactures... Geoff Gullo owns a small firm that manufactures "Guillo Sunglasses. He has the opportunity to sell a particular seasonal model to Lands Start, a catalog retailer. Geoff offers Land's Start two purchasing options. Use Table 134 Option Geoff offers to set his price at $61 and agrees to credit Land's Start $55 for each unit Land's Start returns to Geoff at the end of the season (because those units did not sell). Because styles change each year, there is essentially no value in the returned merchandise Option 2 Geoff offers a price of $51 for each unit, but returns are no longer accepted. In this case, Land's Start throws out unsold units at the end of the season. This season's demand for this model will be normally distributed with a mean of 150 and a standard deviation of 100. Land's Start wil sell those sunglasses for $100 each Geoff's unit production cost is $22 a part of the question specifies whether to use Table 13.4. or to use Excel then credit for a correct answer will depend on using the specified method. Round your answer up to a whole number How much would Land's Start buy fit chose option 12 Use Table 13.4 and round- up rule (Round your answer up to a whole number How much would Land's Start buy if it chose option 27 Use Table 134 and round- up tule Round your answer to 2 decimal places Use Table 34 Whion option wir Lands Start h a mpere the sale on pah a n (Round your answer up to a whole number.) How much would Land's Start buy if it chose option 2? Use Table 13.4 and round- up rule. (Round your answer to 2 decimal places.) Use Table 13.4. Which option will Land's Start choose? Complete the table on the right: Option 1 Option 2 Expected Inventory Expected sales Expected profit (Round your answer up to a whole number.) Suppose Land's Start chooses option 1 and orders 325 units. What is Geoff Gulio's expected profit? Use Table 13.4. Do not round intermediate calculations.

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