Question \#3 - Mathematical Model - Finnegan's Flannel is introducing a new lines of men's flannel shirts for the winter season. The main selling season is 60 days between November and December. The store then sells the remaining shirts in a clearance sale at a 65% discount. For the main 60 -day retail period, the shorts are sold at their full price of $55 for 45 days and at a discount of 25% for the remaining 15 days. If you prefer a picture, it looks like this: The demand function for the shirts is given by: D=f(P)=ABP. Based on historic data, the values for A and B are 79.5 and 1.1 respectively. Finnegan's has 1,500 shirts in inventory. Chose the closest value; exact answers may differ due to roundingm a what ie tha auepava dailu sale durine the full retail sales period? ( 2 marks) n What ie the total number of units sold during the full retail sales period? ( 2 marks) C. anks. Lo tha tatal rovenue during the full retail sales period? ( 2 marks) If you calculate the daily sales during the discouns perive you anduld get a value of 25.886 _....a... n ak w wal number of units sold during the discount sales period? (2 marks) Edward Rashleigh is a corporate accountant with Noble Inc., a small independent book publisher and retailer. Noble has a small storefront and operates an e-commerce site. Edward joined Noble in July of Year 2 (the current year) and is preparing the company's year-end financial statements in accordance with ASPE. He has been asked to prepare the cash flow statement using the direct method. Edward has prepared the following: - Appendix I, balance sheet - Appendix II, income statement - Appendix III, excerpts from the notes to the financial statements Complete the task in the Excel Task file. Question \#3 - Mathematical Model - Finnegan's Flannel is introducing a new lines of men's flannel shirts for the winter season. The main selling season is 60 days between November and December. The store then sells the remaining shirts in a clearance sale at a 65% discount. For the main 60 -day retail period, the shorts are sold at their full price of $55 for 45 days and at a discount of 25% for the remaining 15 days. If you prefer a picture, it looks like this: The demand function for the shirts is given by: D=f(P)=ABP. Based on historic data, the values for A and B are 79.5 and 1.1 respectively. Finnegan's has 1,500 shirts in inventory. Chose the closest value; exact answers may differ due to roundingm a what ie tha auepava dailu sale durine the full retail sales period? ( 2 marks) n What ie the total number of units sold during the full retail sales period? ( 2 marks) C. anks. Lo tha tatal rovenue during the full retail sales period? ( 2 marks) If you calculate the daily sales during the discouns perive you anduld get a value of 25.886 _....a... n ak w wal number of units sold during the discount sales period? (2 marks) Edward Rashleigh is a corporate accountant with Noble Inc., a small independent book publisher and retailer. Noble has a small storefront and operates an e-commerce site. Edward joined Noble in July of Year 2 (the current year) and is preparing the company's year-end financial statements in accordance with ASPE. He has been asked to prepare the cash flow statement using the direct method. Edward has prepared the following: - Appendix I, balance sheet - Appendix II, income statement - Appendix III, excerpts from the notes to the financial statements Complete the task in the Excel Task file
