How many Iggy Wiggy T-shirts should the company order

Assignment Help Operation Management

Reference no: EM131919192

Question: Concert Productions is planning an appearance of the top band Iggy Wiggy. They plan to buy custom designed T-shirts to sell at the stadium where the concert will take place. The T-shirt will sell for $25.00 and the cost per shirt is $8.00. Previous experience at Concert Productions suggests that after the concert is over, T-shirts can still be sold, but the selling price will only be $5.00 per shirt. Based on analysis of previous similar concerts, the company estimates sales of the T-shirt will be 6,000 units. However, the analysis also shows that the standard deviation in similar situations is 800 units. How many Iggy Wiggy T-shirts should the company order?

Reference no: EM131919192

Questions Cloud

Describe a private cost and an external benefit : Describe a private cost, a private benefit, an external cost, and an external benefit that result from your decision to adopt a dog.

How much will the better plan earn : Another offers 6.75% compounded continuously. Which investment will earn more interest in 5 years? How much will the better plan earn?

Is our style of democracy uniquely american : Positive nationalism is define as, "proper love for one's country". Or, is our style of democracy uniquely American and un-reproducible?

Which are likely to be variable in the long run : The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of these costs, which are likely to be variable in the long run?

How many Iggy Wiggy T-shirts should the company order : Concert Productions is planning an appearance of the top band Iggy Wiggy. They plan to buy custom designed T-shirts to sell at the stadium.

What is jarods accounting profit : Last year, Jarod left a job that pays $60,000 to run his own bike-repair shop. What is Jarod's accounting profit? What is Jarod's economic profit?

What time will joan catch up with jeff : His wife, Joan, leaves at 9:00 A.M., following the same path and averaging 8 miles per hour. At what time will Joan catch up with Jeff?

Determine the latitude and longitude of the best location : Using the center-of-gravity method, determine the latitude and longitude of the best location for the distribution center.

How many clients did lisa see : Lisa is a self-employed physical therapist who works from a rented space. If Lisa's profit last month was $2,000, how many clients did she see?

User Account

All Pages