you run a small airline that operates ten 30 seat airplane flights per day. For each flight, you can sell up to 32 tickets at $454 each. If more people show up that you have seats for, you need to pay $636 for each seat you don't have available. If you sell 32 tickets, the probability that exactly 32 people show up is 5% and exactly 31 people show up is 20%. If I sell 31 tickets, the probability that exactly 31 people show up is 10%. If I sell the profit-maximizing number of tickets for each flight, how much money would I expect to make (tick revenue - penalty) each day? Round your answer to the nearest dollar

Billy Bob just paid cash for a run-down bed & breakfast in upstate New York. He plans to refurbish it and then start a heavy duty marketing campaign to bring in the tourists. Your task is to help him figure out how many rooms he has to rent each night to break even. Here are the key assumptions you will need to complete the analysis: -Billy Bob’s cost of just keeping the B & B open for business in $500.00 per day. (Rent and Utilities) -He has 10 rooms available to rent. -He calculates the variable cost of renting a room to be $20.00. (Maid Service, towel and sheet cleaning) -He figures he can rent a room for $125.00 per night. 1. Assuming he rents all 10 rooms, what is Billy-Bob's total fixed cost per day. (Remember fixed cost is the cost that doesn’t vary with sales or production.) 2. Assuming Billy Bob rents all 10 rooms, what is his variable cost for the day? (Remember variable costs changes with sales and production). 3. What is Billy Bob’s total cost for the day when he…

Mr. TV is concered about his inventory of Soni tvs. He wants to have at least 3,000 tvs available at a given time. It costs the firm $20 to place an order. It sells 50,000 tvs a year and it costs $20 in storage and insurance per tv per year.  How many tvs should Mr. TV order at a time? How many tvs does Mr. TV have on average instock?

A. How many trips must Bristol sell every month to break even? B. Bristol's owner believes that 350 trips is a reasonable forecast of the average monthly demand. What is the margin of safety in term of the number of airport trips?