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gavmur [86]
3 years ago
12

The logistics/operations manager of a mail order house purchases two products for resale: King Beds (K) and Queen Beds (Q). Each

King Bed costs $500 and requires 100 cubic feet of storage space, and each Queen Bed costs $300 and requires 90 cubic feet of storage space. The manager has $75,000 to invest in beds this week, and her warehouse has 18,000 cubic feet available for storage. Profit for each King Bed is $300, and for each Queen Bed is $150. 18) What is the objective function
Business
1 answer:
grigory [225]3 years ago
6 0

Answer:

Profit Function = (300 x king size bed) + (150 x queen size bed)

Explanation:

Objective Function is the function which needs to be optimised , i.e maximised or minimised. The function shows the objective variable as a dependent variable, determined by independent / explanatory variable(s).

Given Case : The manager would tend to maximise profit function.

Total Profit = Per unit profit x quantity

So, Profit Function: by per unit profit & sale quantities :

= (300 x king size bed) + (150 x queen size bed)

This profit objective function would be maximised, to find the profit maximising sale quantities of king & queen size beds.

Space, Budget would be the constraints to this optimisation.

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EB11.
Zarrin [17]

Answer:

Q. Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?

February 2018 $90,000, March 2018 92,000, April 2018 101,000, May 2018 98,000, June 2018 99,500.

Answer) $440,775

Explanation:

Cash payments to be made in 2018 for the purchases given in question are:

                              Feb 2018        Mar 2018   Apr 2018   May 2018  June 2018

Cash Payments

65% of $90,000   58,500            

30% of $90,000                           27,000

5%  of $90,000                                               4,500

65% of $92,000                           59,800

30% of $92,000                                             27,600

5%  of $92,000                                                                 4,600

65% of $101,000                                             65,650

30% of $101,000                                                              30,300

5%  of $101,000                                                                                      5,050

65% of $98,000                                                               63,700

30% of $98,000                                                                                      29,400

65% of $99,500                                                                                      64,675

Total                       $58,500     $86,800   $97,750     $98,600          $99,125

Total payments in 2018=$440,775

(58,500+86,800+97,750+98,600+99,125)

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Creative task performance involves employee responses to task demands that are novel, unusual, or, at the very least, unpredicta
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Answer:

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Colt1911 [192]

Answer:

2015 Cola Inc:

A/R  TO               9.51

Days to collect   38.00

2014 Cola Inc:

Inventory TO 10.18

Days to collect 36

2015 Soda Co:

A/R    TO 11.25

Days to collect   32

2014 Soda Co

A/RTurnover 11.28

Days to collect 32

Explanation:

<u>2015</u>

\frac{COGS}{Average Inventory} = $Inventory Turnover  

<em><u>​where: </u></em>

$$Average Account Receivable =(Beginning A/R + Ending A/R)/2

Sales             39,819

ending             4,531

beginnin         3,839

$$Average A/R=4531 + 3839)/2

Avg A/R           4185

\frac{39,819}{4185} = $A/RTurnover

A/R  TO 9.514695341

\frac{365}{A/R   TO} = $Days to collect

\frac{365}{9.51469534050179} = $Days to collect

Days on Inventory 38

<u>2014:</u>

\frac{35690}{3505} = $A/RTurnover

Inventory TO 10.18259629

\frac{365}{10.1825962910128} = $Days to collect

Days to collect 36

Soda Co:

<u>2015</u>

\frac{62483}{5554.5} = $A/RTurnover

A/R    TO 11.24907732

\frac{365}{11.2490773246917} = $Days to collect

Days to collect   32

<u>2014</u>

\frac{47932}{4250} = $A/RTurnover

A/RTurnover 11.27811765

\frac{365}{Inventory TO} = $Days on Inventory

\frac{365}{11.2781176470588} = $Days to collect

Days to collect 32

<u></u>

<u></u>

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