Provide a detailed solution in Excel. 18. Walther has a roadside produce stand where he sells...

Question:

Provide a detailed solution in Excel.

18. Walther has a roadside produce stand where he sells oats, peas, beans, and barley. He buys these products at per-pound wholesale prices of, respectively, $1.05,$3.17, $1.99, and$0.95; he sells them at per-pound retail prices of, respectively, $1.29,$3.76, $2.23, and$1.65. Each day the amount demanded (in pounds) could be as little as zero for each product, and as much as 10, 8, 14, and 11 for oats, peas, beans, and barley, respectively; he sells only whole-pound amounts, no partial pounds. Assume a discrete uniform distribution for daily demand for each product over its range; assume as well that Walther always has enough inventory to satisfy all demand. The summer selling season is 90 days, and demand each day is independent of demand on other days. Create a spreadsheet simulation that will, for each day as well as for the whole season, simulate Walther's total cost, total revenue, and total profit.

Similar Solved Questions

Problem 2.1 Landon Corporation was organized on January 2, 2015, with the investment of S100.000 by...
Problem 2.1 Landon Corporation was organized on January 2, 2015, with the investment of S100.000 by each of its two stockholders. Net income for its first year of business was $85.200. Net income increased during 2016 to$125,320 and to $145,480 during 2017. Landon paid$20,000 in dividends to cach ...
The state test scores for 12 randomly selected high school seniors are shown on the right....
The state test scores for 12 randomly selected high school seniors are shown on the right. Completo parts (a) through 1425 (c) below 697 720 Assume the population is normally distributed 628 1221 729 747 1446 980 837 546 946 (a) Find the sample mean (Round to one decimal place as needed.) (b) Find t...
E I A Study 36 us showed twitter 7 & College Students FB. 9o at least...
E I A Study 36 us showed twitter 7 & College Students FB. 9o at least one FB...
1 x(t) is a continuous-time real sinal. Let (t) and (t) the even and the odd...
1 x(t) is a continuous-time real sinal. Let (t) and (t) the even and the odd components of x(t) respectively, show the total energy E of x(t) is given by 2. In signal analysis, scaling and shifting of a function are quite common (a) Show that the functions r(t) and t to) have the same areas and ener...
Suppose that Hubert and Kate are the only suppliers of ice cream cones in a particular...
Suppose that Hubert and Kate are the only suppliers of ice cream cones in a particular market. The following table shows their monthly supply schedules Hubert's Quantity Supplied (Cones) Kate's Quantity Supplied (Cones) Price (Dollars per cone) 13 14 On the following graph, plot Hubert's...
What is the electric field (E) produced by the source charge (+10 Coul.) at a distance...
What is the electric field (E) produced by the source charge (+10 Coul.) at a distance of 0.01 m? (ke = 8.99 X 10^9 N·m^2/C^2) will rate thank you!...
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South...
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. The company uses a job-order costing system in which overhead is ...
Write a 350-450 word main post that responds to each question below. You are also required...
Write a 350-450 word main post that responds to each question below. You are also required to respond to one of your classmates' postings with at least a 75 word response. My first public speaking teacher used to say, "there are no boring topics, only boring speakers." Chapter 12 focuses...
Please keep answers neat 4. (5pts) Complete the following synthetic sequence. NAOH cthanol NaOH (-HO) H...
please keep answers neat 4. (5pts) Complete the following synthetic sequence. NAOH cthanol NaOH (-HO) H adol condensation product dehydration product NaOEt ethanol Michael W ition product...
Organic The final product of the below reaction will be a? a) Aldehyde b) Ether c)...
Organic The final product of the below reaction will be a? a) Aldehyde b) Ether c) Tertiary alcohol d) Secondary alcohol e) Alkene f) Hemiacetal g) Acetal CHa-C C-MgBr H30" H20...
What is the major difference between the DAT and IAT (what is each test looking for?)?...
What is the major difference between the DAT and IAT (what is each test looking for?)? and Why would a DAT test NOT be recommended on a patient who received a unit of RBC's 1 day ago?...
Mass m moves-eo ar ho wn n the veric ween the ba on the rai negiai...
mass m moves-eo ar ho wn n the veric ween the ba on the rai negiai b bo ansim ittoCompres. At. pia F the fod mood mokeyt ar and starts the emat hov opp osite 」ap ue maximum compres on p7,the sprin! (tkweot He egmeut DE) 긺 e magh...
Can you solve this question with the steps? Thank you. 6. To combat global warming, a...
Can you solve this question with the steps? Thank you. 6. To combat global warming, a conceptual thermodynamic cycle design is considered which uses CO, as working fluid. Consider 0.5 kg of CO2 is utilized in a piston-cylinder assembly for this cycle in which piston is massless and friction can b...
Discrete Math Bit Strings Question
Define a relation R as the set of all pairs of bit strings (x, y) where x and y are bit strings with the same number of 0’s. Prove R is an equivalence relation.Please show all work or explain.Will rate accordingly. Thanks....