Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Nov 2017 My Price 5.00

J & B Card Shop

The J & B Card Shop sells calendars with different coral reef pictures shown for each month. The once-a-year order for each year’s calendar arrives in September. From past experience, the September-to-July demand for these calendars can be approximated by a normal distribution with mean of 500 and standard deviation of 120. The calendars cost $1.50 each, and J & B sells them for $3 each.

a. If J & B throws out all unsold calendars at the end of July (i.e., salvage value is zero), how many calendars should be ordered?

b. If J & B reduces the calendar price to $1 at the end of July and can sell all surplus calendars at this price, how many calendars should be ordered?

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Nov 2017 10:11 PM My Price 5.00

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