Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. at the beginning of december, xyz company employed

At the beginning of December, XYZ Company employed a contractor to cut enough trees to meet...

80.2K

Verified Solution

Question

General Management

At the beginning of December, XYZ Company employed a contractorto cut enough trees to meet the expected demand for Christmastrees. They sell these trees to a local wholesaler in batches of100. Over the past few years, the demand has been as follows,Demand Probability 0 0% 1 4% 2 6% 3 10% 4 23% 5 17% 6 14% 7 12% 90%57% None of above 96% 80% 8 9% 9 5%

If it costs $12 to cut and trim a tree that sells for $28, howmany trees should the company cut down?

What is the profit (loss) if the company decides to cut 400trees, and the demand is 200?

What is the expected profit (loss) if the company decides to cut400 trees?

Answer & Explanation Solved by verified expert
3.6 Ratings (434 Votes)
If the company decides to cut 400 trees then the cost incurred is 40012 4800 However they will only be able to sell 200 trees So the revenue earned is 20028 5600 This means the profit is 56004800 800 If the company    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write the converse inverse and contrapositive of the statement below If goblins come out to...

Basic Math
Q

Choose one derivative product: credit default swap, interest rate swap, currency swap, forwards, futures or any...

Finance
Q

In studying sub-populations of a small rodent that has a country wide distribution in the widely...

Biology
Q

solve using undetermined coefficients. y''' + 2y'' -y'-2y= 24e^-3t + 48t^2; y(0)=y'(0)=y''(0)=0

Advance Math
Q

3 1m long wire is folded in form of a circular coil and 100 mA...

Physics
Q

Find the area of the surface generated when the given curve is revolved about the...

Calculus
Q

Which of the following statements are true Check all of the boxes that apply f...

Algebra
Q

Tampermure Company has three product segments: Prefabrications, Castings, and Forging. Forging seems to be unprofitable...

Accounting
Q

Alnahdi Pharmaceutical Company has a joint production process that converts Kappa into two chemicals Gamma...

Accounting
Q

The following information pertains to the inventory of Parvin Company during Year Z. During Year...

Accounting
Q

On October 1,2024, Sonoma Company leased equipment from Napa Incorporated in lease payable in five...

Accounting
Q

Alpha Company uses the weighted-average process costing method. During the month of March the direct...

Accounting