Problem 6-53 - 3100 Revenue 1025500 1050000 1074500 Cost...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
SOLUTION Since 70% of the time, range of sale is 2900-3100. So, weekly sales is calculated as below :- Sales Prob Sales Prob Sales Prob 3000 0.3 900 3000 0.3 900 3000 0.3 900 2900 0.7 2030 3000 0.7 2100 3100 0.7 2170 Weekly sales : 2930 Weekly sales : 3000 Weekly sales : 3070 Calculation of profit :- Reports produced : 3000 3000
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 3100 Revenue : 1025500 1050000 1074500 Cost 45000 45000 46500 Proft : 980500 1005000 1028000 Conclusion :-Sales * Prob Sales * Prob Sales * Prob We see that the proFt is higher when 3100 reports is produced. Hence, 3100 weekly sales report should be produced....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern