Question

Oscar sells a product on EBay for 100 days. The products sell for $25 on 35...

Oscar sells a product on EBay for 100 days. The products sell for $25 on 35 days, $18 on 45 days, and do not sell at all on the remaining 20 days. Based on this 100-day history, the expected price is $16.85.

Homework Answers

Answer #1

We have give that,

X1=$25 , f1 = 35 Days

X2=$ 18, f2=45 Days

X3= $ 0 ,f3= 20 Days

Thefore ,N = f1 +f2 +f3 = 100 Days

Therefore, Now expected Price will be

= = ( 25*35 + 18*45 + 0*20 ) / 100

=  1685 / 100

= $ 16.85

Proved

-------------------------------------------------------------------------------------------------------------------------------

Thank You !

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company sells three different products: Product A, Product B, and Product C. The contribution margin...
A company sells three different products: Product A, Product B, and Product C. The contribution margin per unit for each of the products is as follows: $30 for Product A, $50 for Product B, and $60 for Product C. The company’s sales mix in units is as follows: 50% Product A, 30% Product B, and 20% Product C. The company’s fixed costs amount to $1,680,000. How many units of each product must the company sell in order to break even?...
A company sells five different products whose retail prices are as follows: product 1, $2.98; product...
A company sells five different products whose retail prices are as follows: product 1, $2.98; product 2, $4.50; product 3, $9.98; product 4, $4.49; and product 5, $6.87. Write a JavaScript code for the below: Product number Quantity sold for the day Make use of a prompt dialog to obtain the product number, quantity and price from the user. Displays the total price of all the products.
Kenny, Inc. currently sells two products. They sell 28,900 units of Product A per year and...
Kenny, Inc. currently sells two products. They sell 28,900 units of Product A per year and they sell these at an average cost of $77,500 each. They sell 7,900 units of Product B per year and they sell these at an average cost of $119,500 each. Kenny, Inc. wants to introduce a new product that will be called Product C. They estimate that they can sell 23,900 units of Product C each year with an averge selling price of $23,500...
7. Cane Company manufactures two products called Alpha and Beta that sell for $170 and $130,...
7. Cane Company manufactures two products called Alpha and Beta that sell for $170 and $130, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 116,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 30 $ 18 Direct labor 30 25 Variable manufacturing overhead 20 15 Traceable fixed manufacturing...
Refer to the Pennington Products information below. Pennington Products has two product lines: R-100 and R-200....
Refer to the Pennington Products information below. Pennington Products has two product lines: R-100 and R-200. Revenue and cost information for each of the product lines are as follows: R-100 R-200 Selling price per unit $45 $75 Variable costs per unit $20 $35 Traceable fixed expenses $170 000 $380 000 Pennington has common fixed expenses of $250 000 per year. Last year, the company produced and sold 30 000 units of R-100 and 20 000 units of R-200. What is...
The Lifestyle Company (TLC) is considering whether launch the following 2 new products. Product Red Product...
The Lifestyle Company (TLC) is considering whether launch the following 2 new products. Product Red Product Blue Expected price and cost data for the two types of products are as follows. Red Blue Selling price $100 $50 Variable Manufacturing Cost $8.00 $3.00 Variable Non Manufacturing Cost $3.50 $1.50 Fixed cost to manufacture both products is $300,000. The expected sales mix of Red and Blue: for every 35 units that TLC sells, 5 units would be from selling Red while 30...
TJ Class Company sells three products with the following seasonal sales pattern: Products: Quarter A B...
TJ Class Company sells three products with the following seasonal sales pattern: Products: Quarter A B C 1 40% 30% 10% 2 30% 20% 40% 3 20% 20% 40% 4 10% 30% 10% Total 100% 100% 100% The annual sales budget shows forecasts for the different products and their expected selling price per unit as follows: Product Units Selling Price A 100,000 $5 B 80,000 $20 C 200,000 $8 Required:  Prepare a sales budget in units and dollars by quarters for...
At 1. March, 2017, Crandall Co. made a contract to sell 100 products to a customer...
At 1. March, 2017, Crandall Co. made a contract to sell 100 products to a customer for €10,000 (€100 per product) at various points in time over a six-month period. The company is going to deliver the products in two ways, 60 units at May 1, 2017 and 40 units at July 1, 2017.After 60 products have been delivered at May 1, 2017, Crandall modifies the contract by promising to deliver 20 more products for an additional €1,900, or €95...
Command Company produces two types of electronic products, Product A and Product B. Electronic gaming products...
Command Company produces two types of electronic products, Product A and Product B. Electronic gaming products are hot products now and either product A or product b could be sold to keep the manufacturing facility operating a full capacity. The constraint is direct labour hours and it is insufficient to meet the combined demand for both.   Both products are processed through the same production departments. The relevant information is as follows: Product A Product B Sales Price $ $250 $140...
a company sells two products. the amount of product A sold Is normally distributed with mean...
a company sells two products. the amount of product A sold Is normally distributed with mean 100 pounds and sd 1 with selling price $2 per pound. The amount of product B sold is normally distributed with mean 200 pounds and sd 2 with selling price $4 per pound. the company's cost per month are normally distributed with mean $900 and sd 20. find the probability that the profit in a month is negative.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT