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coldgirl [10]
3 years ago
6

A refinery blends three petroleum components into three grades of gasoline -regular, premium, and diesel. The maximum quantities

available of each component and the cost per barrel are as follows: Component Cost/Barrel Maximum Barrels Available/Day 6,000 3,000 4,500 10 To ensure that each gasoline grade retains certain essential characteristics, the refinery has put limits on the percentages of the components in each blend. The limits as well as the selling prices for the various grades are as follows:
Grade Selling Price/Barrel Comen R (regular) 18 Component Specifications Not less than 30% of A Not more than 30% of B Not less than 30% of C Not less than 60% of C Not more than 50% of B less than 10% of A P (premium) 25 D (diesel) 15 The refinery wants to produce at least 5,000 barrels of each grade of gasoline. Management wishes to determine the optimal mix of the three components that will maximize profit.
1. Define the decision variables.
2. Build the objective function.
3. Build all the constraints.
Business
1 answer:
erica [24]3 years ago
6 0

Answer:

Explanation:

1)

<h3> </h3>

xij = barrels of component i used in grade j per day for i = A, B, C and j = R, P, D

2)

Max Z = 18 (x AR + x BR + x CR) + 25 (x AP + x BP + x CP) + 15 (x AD + x BD + x CD) – 9 (x AR + x AP + x AD) – 7 (x BR + x BP + x BD) – 10 (x CR + x CP + x CD)

or,

Max Z = 9 x AR + 11 x BR + 8 x CR + 16 x AP + 18 x BP + 15 x CP + 6 x AD + 8 x BD + 5 x CD

3)

Subject to,

x AR + x AP + x AD <= 6000

x BR + x BP + x BD <= 3000

x CR + x CP + x CD <= 4500

x Aj + x Bj + x Cj >= 5000 for j = R, P, D

x AR >= 30%*(x AR + x BR + x CR) or, 0.7 x AR - 0.3 x BR - 0.3 x CR >= 0

x BR <= 30%*(x AR + x BR + x CR) or, -0.3 x AR + 0.7 x BR - 0.3 x CR <= 0

x CR >= 30%*(x AR + x BR + x CR) or, -0.3 x AR - 0.3 x BR + 0.7 x CR >= 0

x CP >= 60%*(x AP + x BP + x CP) or, -0.6 x AP - 0.6 x BP + 0.4 x CP >= 0

x BD <= 50%*(x AD + x BD + x CD) or, -0.5 x AD + 0.5 x BD - 0.5 x CD <= 0

xAD >= 10%*(xAD + xBD + xCD) or, 0.9 xAD - 0.1 xBD - 0.1 xCD >= 0

xij >= 0 for i = A, B, C and j = R, P, D

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nalin [4]

Answer:

bcoz God has given us everything

Explanation:

and we should have the habit to pray to god everyday. It's a good habit

7 0
3 years ago
Before the year​ began, Venus Manufacturing estimated that manufacturing overhead for the year would be $ 175 comma 900 and that
Veseljchak [2.6K]

Answer:

Allocated MOH= $136,479

Explanation:

Giving the following information:

Estimated that manufacturing overhead for the year= $175,900

Estimated Direct labor hours= 25,900

Actual direct labor hours= 20,100

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 175,900/25,900= $6.79 per direct labor hour

Now, we can allocate the overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 6.79*20,100= $136,479

4 0
3 years ago
B&amp;B Corporation is authorized to sell 60,000 shares of $10 par, 6% cumulative preferred stock and 90,000 shares of $6 par co
Vesna [10]

Answer:

Dividend paid to preferred stock holders = 6% x $10 x 30,000 = $18,000

Dividend paid to common stock holder = $40,000 - $18,000 = $22,000

Explanation:

The dividend paid to preferred stock holders is a function of dividend rate, par value and number of preferred stocks outstanding.

The dividend paid to common stock holders is the difference between total dividend declared and dividend paid to preferred stock holders.

7 0
2 years ago
Suspect Corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4 years ago. The bond currentl
kifflom [539]

Answer and Explanation:

The computation of each point is shown below:-

But before that we need to do the following calculations

First Issue of Bonds:

Face Value = $45,000,000

Market Value = 95% × $45,000,000

= $42,750,000

Annual Coupon Rate = 6%

Semiannual Coupon Rate = 3%

= 3% × $45,000,000

= $1,350,000

Time to Maturity = 26 years

Semiannual Period to Maturity = 52

Let semiannual YTM be i%

$42,750,000 = $1,350,000 × PVIFA(i%, 52) + $45,000,000 × PVIF(i%, 52)

N = 52

PV = -42750000

PMT = 1350000

FV = 45000000

I = 3.20%

Semiannual YTM = 3.20%

Annual YTM = 2 × 3.20%

Annual YTM = 6.40%

Before-tax Cost of Debt = 6.40%

After-tax Cost of Debt = 6.40% × (1 - 0.40)

= 3.84%

Second Issue of Bonds:

Face Value = $50,000,000

Market Value = 54% × $50,000,000

= $27,000,000

Time to Maturity = 15 years

Semiannual Period to Maturity = 30

Let semiannual YTM be i%

$27,000,000 = $50,000,000 × PVIF(i%, 30)

Using a financial calculator:

N = 30

PV = -27000000

PMT = 0

FV = 50000000

I = 2.075%

Semiannual YTM = 2.075%

Annual YTM = 2 × 2.075%

= 4.15%

Before-tax Cost of Debt = 4.15%

After-tax Cost of Debt = 4.15% × (1 - 0.40)

= 2.49%

a. The total book value of debt is

Total Book Value of Debt = $45,000,000 + $50,000,000

= $95,000,000

b. The total market value of debt is

Total Market Value of Debt = $42,750,000 + $27,000,000

= $69,750,000

c. The estimate of the aftertax cost of debt is

Weight of first Issue of Debt is

= $42,750,000 ÷ $69,750,000

= 0.6129

Weight of second issue of Debt

= $27,000,000 ÷ $69,750,000

= 0.3871

So,  

Estimated After-tax Cost of Debt is

= 0.6129 × 3.84% + 0.3871 × 2.49%

= 3.32%

6 0
2 years ago
Sawyer Industries began business at the start of the current year. The company planned to produce 25,000 units, and actual produ
valentina_108 [34]

Answer:

$208,000

Explanation:

The computation of the absorption-costing income is shown below:

As we know that

Net income = Gross profit - variable expense - fixed expense

where,

Gross profit is

= Sales - cost of goods sold

= (22000 units at $30) - (22,000 units at $14)

= $660,000 - $308,000

=  $352,000

The $14 come from

= 8 + 150,000 ÷ 25,000

= 8 + 6

= 14

Now the variable expense is

= 22000 at $2

= $44,000

And, the fixed expense is $100,000

So, the net income is

= $352,000 - $44,000 - $100,000

= $208,000

6 0
2 years ago
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