Answer:
Check th explanation
Explanation:
2a.
Here, we will have to apply the economic production quantity as we have to identify optimal production quantity to minimize the cost.
Annual Demand D = 60000
Working Days = 240
Daily Demand d= 60000/240 = 250
Production Rate p = 300
Set up cost S = 150
Holding cost H = 3
Economic Production Quantity Q = (2DS/(H*(1-(d/p))))^(1/2)
Q = (2*60000*150/(3*(1-(250/300))))^(1/2)
Q = 6000 units
Answer:
Consider the following explanation
Explanation:
The product already enjoys relatively high awareness and accessibility therefore Increasing awareness by 5% does not need to increase market share quickly,thus A) Increase awareness by 5% is incorrect.
Re-position the product to the ideal spot within the segment shall take a lot of time for the company to grab the market share.So D) is incorrect.
Increase in unit contribution margin by decreasing the MTBF need not increase the sales in the market thus B is incorrect.
C) Lower the unit selling price to the bottom limit of the segment price range seems correct by Lowering the unit selling price to the bottom limit of the segment price range the demand shall increase for the product increasing the market share in shorter term.
Answer:
The correct option is escrow licensees may not solicit or accept escrow instructions containing any blank to be filled in after signing or initialing.
Explanation:
Escrow agreement involves a third party managing funds belonging to two or more parties in a transaction before the funds are disbursed to them.
One of the prohibited escrow related activity is that the agent cannot disburse the commission on real estate to beneficiaries prior to closing the escrow account.
Answer:
a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.)
Possible Market Reaction Sales Units Probability Expected sales
Low response 20 .30 6
Moderate response 35 .20 7
High response 50 .20 10
<u>Very high response 90 .30 27 </u>
Total 50 units
b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
mean = (6 + 7 + 10 + 27) / 4 = 12.5
variance = {[0.30 x (20 - 50)²] + [0.20 x (35 - 50)²] + [0.20 x (50 - 50)²] + [0.30 x (90 - 50)²]} / 4 = (270 + 45 + 0 + 480) / 4 = 795 / 4 = 198.75
standard deviation = √198.75 = 14.10 units