Question

In: Math

a jewelry store sells 120 diamond bracelets per month at 1300 each. the owner estimates that...

a jewelry store sells 120 diamond bracelets per month at 1300 each. the owner estimates that for each 130 increase in price they will sell 5 fewer diamond bracelets per month. find the price per diamond bracelet that will maximize revenue.

Solutions

Expert Solution


Related Solutions

Question 1 – Periodic Inventory System Amna's Jewelry Store purchased three diamond and emerald bracelets during...
Question 1 – Periodic Inventory System Amna's Jewelry Store purchased three diamond and emerald bracelets during March. The price of diamonds has fluctuated wildly during the month, causing the supplying firm to change the price of the bracelets it sells to Amna's Jewelry Store. a. On March 5, the first bracelet cost $4,600. b. On March 15, the second bracelet cost $5,100. c. On March 20, the third bracelet cost $3,500. Suppose Jayne's Jewelry Store sold two of these bracelets...
Suppose Dina earns $675 per week working as a jewelry appraiser for Classy's Jewelry Store. She...
Suppose Dina earns $675 per week working as a jewelry appraiser for Classy's Jewelry Store. She uses $8 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Charles $200 per week to work the cash register. Charles uses $375 to purchase a necklace from Classy's Jewelry Store. Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services. Event Market for Factors of...
A store sells a brand of olive oil of 400 bottles per month. The cost of...
A store sells a brand of olive oil of 400 bottles per month. The cost of each bottle is $4.85 , and the cost of placing an order is $10.00. Assuming the holding costs are based on a 20% annual interest rate, and stock-outs are not allowed, a) What is the optimal lot size they should order and what is the time between orders of this product? b) If lead time is 2 weeks to get the product to the...
The soft goods department of a large department store sells 175 units per month of a...
The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of 27% per year. Determine the optimal order quantity, order frequency, and the annual cost of inventory management. If, through automation of the purchasing process, the ordering cost can...
The owner of a small restaurant that sells burgers pays each month $1,000 in rent, $300...
The owner of a small restaurant that sells burgers pays each month $1,000 in rent, $300 in utilities, $200 interest on his loan, and $500 on advertising on local buses. A burger sandwich is priced at $4.00. Unit variable costs for the burger sandwich is $2.00. Calculate unit margin and monthly fixed cost. How many sandwiches does the restaurant need to sell to break-even each month? Calculate Total Cost at Break even Calculate Total Revenue at Break even. How many...
Probability expected value exercises questions: 1. The owner of an antique store estimates that there is...
Probability expected value exercises questions: 1. The owner of an antique store estimates that there is a 50% chance she will make $3000 when she sells an antique cabinet, a 30% chance she will make $1550 when she sells the cabinet and a 20% chance she will break even when she sells it. What is the expected amount she will make when she sells the cabinet? 2. Three different people are selected at random and each given one gift card....
You are curious about the accuracy of the estimates that the widget store owner gave you....
You are curious about the accuracy of the estimates that the widget store owner gave you. If you wanted to take a random sample of daily customer arrivals, from which of the following is the population you should sample? 1 балл The number of arrivals each day for this widget store and the competing widget store down the street. The number of arrivals each day for all days this specific widget store has been open. The number of arrivals each...
Given the following data, what is the EOQ? TC? No of orders per year, demand/month= 1300...
Given the following data, what is the EOQ? TC? No of orders per year, demand/month= 1300 units, ordering cost=$46, holding cost=$4.50/unit/year
A clothing store is open each day for 12 hours. On average, the store gets 120...
A clothing store is open each day for 12 hours. On average, the store gets 120 customers per day. Round each answer below to the nearest hundredth. a. Find the probability that the store gets 140 or more customers today. b. Find the probability that the store gets 15 or more customers in the first hour of business. c. Find the probability that the store gets 40 or more customers in the first three hours of business. **Please show me...
Question 1 Khalil is the owner and manager of a hardware store. He sells on average...
Question 1 Khalil is the owner and manager of a hardware store. He sells on average 50 industrial hammers per month. He places an order to buy 50 hammers from a wholesaler at a cost of 20 OMR per unit at the end of each month. However, Khalil orders everything himself and finds that it takes a long time. He estimates that the value of his time spent placing each order is 75 OMR. a. What should be the unit...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT