Question: PLEASE READ QUESTION BEFORE COPY/PASTING SOMEONE ELSE'S WORK To ensure a full line of outdoor clothing and accessories, the marketing department at Teddy Bower insists

PLEASE READ QUESTION BEFORE COPY/PASTING SOMEONE ELSE'S WORK

To ensure a full line of outdoor clothing and accessories, the marketing department at Teddy Bower insists that they also sell waterproof hunting boots. Unfortunately, neither Teddy Bower nor Teddy Sports has expertise in manufacturing those kinds of boots. Therefore, Teddy Bower contacted several Taiwanese suppliers to request quotes. Due to competition, Teddy Bower knows that it cannot sell these boots for more than $54. However, $40 per boot was the best quote from the suppliers. In addition, Teddy Bower anticipates excess inventory will need to be sold off at a 50 percent discount at the end of the season. Given the $54 price, Teddy Bowers demand forecast is for 540 boots, with a standard deviation of 440.

Suppose Teddy Bower orders 520 boots. What would its expected profit be? (Round your answer to the nearest whole number.)

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