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Parker has 40000 capital and Flores has 20000 capital in.pdf

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Doc Nix Productions sells specialty T-Shirts that are sold at a single basketball game each. Doc Nix is trying to decide how many to buy for an upcoming game. During the game itself, which lasts one evening, Doc can sell T-Shirts for $11 apiece. However, when the game ends unsold T-shirts have no value. Due to a licensing agreement, Doc needs to make sure that leftover shirts are destroyed using a method that ends up costing $0.25 for each unsold T-Shirt. It costs Doc $7.50 to buy a specialty T-Shirt from the supplier. The supplier he uses has a cost per shirt of $3. Doc estimates that demand is distributed as shown below. Demand 325 350 375 400 425 450 Probability 0.10 0.15 0.10 0.20 0.25 0.20 a) How many specialty T-Shirts should Doc Nix buy from the supplier to maximize his profits? b) What is his expected profit? c) What is the total supply chain profit? Demand 325 350 375 400 425 450 Probability 0.10 0.15 0.10 0.20 0.25 0.20.

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Parker has $40,000 capital and Flores has $20,000 capital in the Parker & Flores partnership. Parker and Flores share profits and losses equally. Ray Rivera contributes cash of $30,000 to acquire a 25% interest in the new partnership. Journalize the partnerships receipt of the $30,000 from Rivera.

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  • 1. Parker has $40,000 capital and Flores has $20,000 capital in the Parker & Flores partnership. Parker and Flores share profits and losses equally. Ray Rivera contributes cash of $30,000 to acquire a 25% interest in the new partnership. Journalize the partnerships receipt of the $30,000 from Rivera.