Boxes of lettuce should supermarket purchase tomorrow

Assignment Help Accounting Basics

Reference no: EM131030084

Problem:

The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week the supermarket can buy fresh lettuce for $5.00 a box. The lettuce is sold for $15.00 a box and the dealer that sells old lettuce is willing to pay $1.60 a box. Past history says that tomorrow's demand for lettuce averages 240 boxes with a standard deviation of 36 boxes.

Required:

1. How many boxes of lettuce should the supermarket purchase tomorrow

Reference no: EM131030084

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