Business, 05.07.2021 19:50 alondraalfaro06

Monsanto sells genetically modified seed to farmers. it needs to decide how much seed to pit into a warehouse to serve demand for the next growing season. It will make one quantity decision. it costs montanso $8 to make each kilogram of seed. it sells each kg for $45. if it has more seed than demand by the local farmers, the remaining seed is sent overseas. unfortunately, it only earns $3 per kg from the over-seas market. If demand excedes its quantity, then the sales are lost-the farmers go to another suplier. as a forecast for demand it will use a normal distribution with a mean of 300,000 and a standard deviation of 100,000. A. How many kilograms should it place in the warehouse before growing season.
B. if it puts 400,000 kg in the warehouse what is their expected revenue(include both domestic revenue and overseas revenue)?
C. how many kilograms should it place in the warehouse if it wants to minimize its inventory while ensuring that the stock out probability is no greater than 10 percent?
D. what is the maximum profit for this seed?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 13:30

How is a proportional tax different from a progressive tax? a. a proportional tax decreases with income level, but a progressive tax increases with income level. b. a proportional tax increases with income level, but a progressive tax decreases with income level. c. a proportional tax increases with income level, but a progressive tax is the same percentage for all. d. a proportional tax is the same percentage for all, but a progressive tax increases with income level.

Answers: 2

Answer

Business, 22.06.2019 20:50

Barbara flynn is in charge of maintaining hospital supplies at general hospital. during the past year, the mean lead time demand for bandage bx-5 was 65 (and was normally distributed). furthermore, the standard deviation for bx-5 was 6. ms. flynn would like to maintain a 90% service level.refer to the standard normal table for z-values.a) what safety stock level do you recommend for bx-5? safety stock=)what is the appropriate reorder point? reorder point=

Answers: 1

Answer

Business, 23.06.2019 00:50

According to which act will be the person punished

Answers: 1

Answer

Business, 23.06.2019 02:30

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?

Answers: 2

Answer

You know the right answer?

Monsanto sells genetically modified seed to farmers. it needs to decide how much seed to pit into a...

Questions