The Johnson Shoe Company buys shoes for $50 per pair and sells them for $80 per pair. If they are out of stock, the buyer purchases the shoe elsewhere and there is a loss of goodwill of $30. Monthly demand is normally distributed with μ = 20 and σ = 5. The Johnson Shoe Company uses a 25% annual interest rate to determine holding costs.

Note: If when looking up Φ − 1 ( Z ), you get an answer that is between 2 levels, pick the higher level. For example, if you are looking up, Φ − 1 ( 0.6 ), you see it falls between 0.25 and 0.26, use 0.26.

How many shoes should the Johnson Shoe Company buy? For Q, round up to the next number for the rest round up using 4 significant digits.
For example, 0.24562 should be entered as 0.2457.
c o = $
c u = $
F ( Q ∗ ) =
Q = units

Chipotle mexican grill, the american mexican food chain restaurant, opened its first restaurant in the united states in 1993. in 2010, chipotle opened its first restaurant in the united kingdom in london on charing cross. by late may 2013, the company had 6 restaurants in london, but they have not been doing well even though the british have taken a liking to mexican food (boyle, 2013). why has this successful u. s. chain not seen the same success overseas? if you were chipotle's ceo, how would you fix this situation? what is an alternative means of venturing outside of its domestic markets that may allow for a competitive advantage? then, pick a company that has not yet expanded overseas, or if it has expanded, suggest a different strategy for entrance into an overseas market that you feel would be more strategic for the company. research its rivals in the global marketplace and market conditions in the overseas market you are targeting. justify your recommended entry strategy based on these industry and market conditions.

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive