Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 22 (1 point) Listen Build the Opportunity Loss (Regret) table for the below data and answer the following question. DA: Decision Alternative. State of

image text in transcribed
image text in transcribed
Question 22 (1 point) Listen Build the Opportunity Loss (Regret) table for the below data and answer the following question. DA: Decision Alternative. State of Nature Decision Alternative Good Bad DAT 5.0 -3.01 DA2 -3.4 8.1 DAS 10.2 O DA4 -5.3 5.2 A decision of DA2 would mean an opportunity loss of (Round to 1 decimal place) in state of nature Good. Your Answer: iestion 23 (1 point) Listen The price of product A is $118, variable costs for the product is $65 and fixed costs (including staff salaries, maintenance) amount to $4000 per month. The company operates only 25 days in a month and produces 80 units per day. But during one weekday demand rose to 105 units. The cost of lost sales is $10 per unit. Leftover products can be sold for $50 per unit. What would be the profit in this scenario? (Answer rounded to 0 decimal points, using standard rounding procedures) Your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Address an envelope properly.

Answered: 1 week ago

Question

Discuss guidelines for ethical business communication.

Answered: 1 week ago