Maurice Tutor

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 11 Feb 2018 My Price 5.00

J&B Card Shop

  1. The J&B Card Shop sells calendars depicting a different Colonial scene each month. The once-a-year order for each year’s calendar arrives in September. From past experience, the September-to-July demand for the calendars can be approximated by a normal probability distribution with µ = 500 and s = 120. The calendars cost $1.50 each, and J&B sells them for $3 each.

    1. 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?

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

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Feb 2018 09:02 PM My Price 5.00

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