You have decided to open a mail-order shoe business once you graduate from CU Boulder. One...
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You have decided to open a mail-order shoe business once you graduate from CU Boulder. One of the problems you face is that you have to print the catalog and order all your items before the selling season, and there is no opportunity to re-order or change the catalog once the selling season begins. You can purchase shoes for $12 per unit from your supplier and sell them for $20 per unit. If you are left with any shoes at the end of the season, you can sell them through a discount outlet for $10 per unit. You estimate that total demand during the season will be uniformly distributed between 800 and 1200 shoes. Use this information to answer questions 31-33. Question 32 How many shoes should you order? 880 960 O 1200 O 1120 You have decided to open a mail-order shoe business once you graduate from CU Boulder. One of the problems you face is that you have to print the catalog and order all your items before the selling season, and there is no opportunity to re-order or change the catalog once the selling season begins. You can purchase shoes for $12 per unit from your supplier and sell them for $20 per unit. If you are left with any shoes at the end of the season, you can sell them through a discount outlet for $10 per unit. You estimate that total demand during the season will be uniformly distributed between 800 and 1200 shoes. Use this information to answer questions 31-33. Question 32 How many shoes should you order? 880 960 O 1200 O 1120
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It is required to find the appropriate quantity of shoes that may be purchased with the details given as under a Purchase price of each shoe12 bSellin... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
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