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Aleks04 [339]
1 year ago
15

A farmer uses two types of fertilizers. A 50-lb bag of Fertilizer A contains 10 lbs. of nitrogen, 2 lbs. of phosphorus, and 6 lb

s. of potassium. A 50-lb bag of Fertilizer B contains 5 lbs. each of nitrogen, phosphorus, and potassium. The minimum requirements for a field are 420 lbs. of nitrogen, 240 lbs. of phosphorus, and 360 lbs. of potassium. If a 50-lb bag of Fertilizer A costs $35 and a 50-lb bag of Fertilizer B costs $25, find the amount of each type of fertilizer the farmer should use to minimize his cost while still meeting the minimum requirements. What is the cost
Business
1 answer:
Lera25 [3.4K]1 year ago
3 0

The answer is, Fertilizer A = 20, Fertilizer B = 56.

<h3>What is fertilizer and example?</h3>
  • Among the organic fertilizers that occur naturally are manure, slurry, worm castings, peat, seaweed, and guano. Crops made of green manure are also raised to enrich the soil with nutrients.
  • Organic fertilizers also include naturally occurring minerals including mine rock phosphate, sulfate of potash, and limestone.

<h3>Set up the equations:</h3>
  • Nitrogen: 8x + 5y ≥ 440.
  • Phosphorous: 2x + 5y ≥ 260.
  • Potassium: 4x + 5y ≥ 360.
<h3>Find the vertices:</h3>
  • It is easiest to graph the equations to find the vertices. (see attachment).
  • You can also solve each system of equations to find the intersected points.

<h3>The following satisfy the "greater than or equal to" requirement:</h3>
  • (0, 88)  = y-intercept of Nitrogen equation.
  • (20, 56) = intersection of Nitrogen and Potassium equations.
  • (50, 32)  = intersection of Phosphorous and Potassium.
  • (130, 0)  = x-intercept of Potassium.

<h3>Use vertices in cost function C(x) to find the minimum:</h3>

  • C(x) = $30x + $20y.
  • (0, 88): $30(0) + $20(88) = $1760.
  • (20, 56): $30(20) + $20(56) = $1720    = This is the minimum!
  • (50, 32): $30(50) + $20(32) = $2140.
  • (130, 0): $30(130) + $20(0) = $3900.

The minimum cost occurs when 20 bags of Fertilizer A and 56 bags of Fertilizer B are purchased.  

Learn more about Fertilizer here:

brainly.com/question/3204813

#SPJ4

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Bedeker, Inc., has an issue of preferred stock outstanding that pays a $6.55 dividend every year in perpetuity. If this issue cu
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Answer:

The required rate of return is 7.20%

Explanation:

The price of a share that pays a particular dividend amount in perpetuity is given by the below formula:

price of share=dividend/required rate of return

price of share is $91.00 per share

dividend payable in perpetuity is $6.55

required rate of return is unknown

$91=$6.55/required rate of return

required rate of return =$6.55/$91

                                       =7.20%

to confirm the required of return,I divided the by the required rate of return as shown below:

6.55/0.0.72=$90.97 .approximately $91

That is a way to validate the computed required rate of return

4 0
3 years ago
Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates
Keith_Richards [23]

Answer and Explanation:

The preparation of the cash budget is shown below:

Beginning Cash Balance        $40,000

Budgeted Cash Receipts        $225,000

Total Cash Available                $265,000

Less

Payment of Raw Mat purchases in Aug ( $80,000 × 35%)          $28,000.00

Payment of Raw Mat purchases in Sep ($110,000 × 65%)           $71,500

Direct Labor Payment            $40,000

Other Cash Expenses            $60,000

Income Tax Paid                    $10,000

Bank Loan Interest Paid    $1,000

Total Cash Disbursements   $210,500

Closing Cash Balance           $54,500

We simply deduct the all cash expenses from the total cash available so that the closing cash balance could come

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A company's prime costs total $4,800,000 and its conversion costs total $8,800,000. if direct materials are $1,900,000 and facto
garri49 [273]
Prime cost=direct material+direct labor
4800000=1900000+direct labor
Solve for direct labor
Direct labor=4800000-1900000
Direct labor=2900000. ..answer

If you try with the formula of the conversation cost to solve for direct labor, you will get the same answer

The formula of the conversation cost is
CC=direct labor+factory overhead

Hope it helps!
3 0
3 years ago
The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $182 with a resulting contrib
k0ka [10]

Answer:

Year 3 cashflow:

current system: 243,360

alternative system: 102,240

Present cost:

current system PV -$971,665.9146

alternative system PV  -$1,075,964.17

Explanation:

<u>Current Scenario:</u>

42,000 inspection cost

<u>Repairs:</u>

1,520 identified x  $75 = 114,000

<u>Refunds:</u>

480 units x $182 = 87,360

Total yearly cost: 243,360

PV of an annuity of $243,360 during 5 years:

Present Value of Annuity  

C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 243,360

time 5

rate 0.08

243360 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\  

PV $971,665.9146  

<u>New Scenario:</u>

Inspection cost: $42,000  + $25,000 = $77,000

Repair cost: 350 units x $41 = $14,320

Refunds: 50 units x $182 x 120% = $10,920

Total yearly cost: $102,240

F0 cost:

470,000 workers trainings

210,000 purchase cost

Total F0 cost: 680,000

Present Value of Annuity  

C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 102,240

time 5

rate 0.08

102240 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\  

PV $408,214.6742  

PV of residual value:

PRESENT VALUE OF LUMP SUM  

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  18,000.00

time   5.00  

rate  0.08

\frac{18000}{(1 + 0.08)^{5} } = PV  

PV   12,250.50  

Net present value:

- 680,000 -408,214.67 + 12,250.50 = 1,075,964.17

4 0
2 years ago
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