Question: I need you answer 2b 2a's answer s 100 unit 2a . Edward promotes rock concerts and decides that the SUNY Plattsburgh Saranac River space
I need you answer 2b
2a's answer s 100 unit
2a. Edward promotes rock concerts and decides that the SUNY Plattsburgh Saranac River space would make a great, 3 day festival site. Anne recognizes an opportunity to make some quick cash by selling T-shirts at the festival. During the first two days of the festival, Anne sells an average of 90 shirts with a standard deviation of 10. How many shirts does she need to stock if she wants to be 85% sure of not stocking out on the final festival day? (I know this )
2b. Jason, an accounting major, suggests that Anne might want to use marginal cost analysis as an alternative to a simple Single Period Inventory model. Given that Annes cost per shirt is $5 and she sells them for $8, what is the MCA optimal shirt stocking level for day 3?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
