Business, 16.12.2020 17:00, arringtonlamar

Kroger at Scottsville Road makes fresh pumpkin pies each morning. The daily demand for these pies is a random variable with a distribution estimated from manager Mike's experience given by Number of pumpkin Probability
pies sold in one day
0.05 0.15 0.10 0.05 0.20 0.10 0.15 0.05 0.10 0.05
Mike knows that the cost of making one pumpkin pie is about $4. In the store, pumpkin pies are sold for $10 each. At the end of the day, unsold pumpkin pies are sold to Bowling Green food bank for $1 each.
a. How many pumpkin pies should Kroger make at the start of each day?
b. Determine the average number of pumpkin pies sold to Bowling Green food bank (Average Overstock).
c. Determine the average number of customers turned away (Average Understock).
PLEASE ANSWER IF YOU ARE 100% SURE. i DO NOT HAVE ANYMORE QUESTION PLEASE PLEASE ANSWER CORRECTLY

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:00, singfreshjazz3370

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Answers: 1

continue

Business, 22.06.2019 04:00, elijahcraft3

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Answers: 2

continue

Business, 22.06.2019 07:00, glizbethh00

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Answers: 1

continue

Business, 22.06.2019 17:50, primmprincess312

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Answers: 2

continue

Do you know the correct answer?

Kroger at Scottsville Road makes fresh pumpkin pies each morning. The daily demand for these pies is...