Produce Company needs to know the pounds of apples to have on hand each day. Each pound of apples costs $0.50 and can be sold for $0.80. Unsold apples are worthless at the end of the day. The following demands were found after studying the last six months' sales:
Required:
Determine whether Produce Company should order 200, 300, or 400 pounds of apples.

Question

Produce Company needs to know the pounds of apples to have on hand each day. Each pound of apples costs $0.50 and can be sold for $0.80. Unsold apples are worthless at the end of the day. The following demands were found after studying the last six months' sales:
  Required:
Determine whether Produce Company should order 200, 300, or 400 pounds of apples.

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The Answer of Produce Company needs to know the pounds of apples to have on hand each day. Each pound of apples costs $0.50 and can be sold for $0.80. Unsold apples are worthless at the end of the day. The following demands were found after studying the last six months' sales:
  Required:
Determine whether Produce Company should order 200, 300, or 400 pounds of apples.

Produce Company Needs to Know the Pounds of Apples to Have