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cluponka [151]
3 years ago
11

where x1 and x2 represent number of units of production of basic and advanced iPods, respectively. Production time required for

the basic iPod is 6 hours per unit, and production time required for the advanced iPod is 8 hours per unit. Currently, 60 hours are available. The cost of hours is already factored into the profit function. Formulate an optimization problem that can be used to find the optimal production quantity of basic and advanced iPods. Solve the optimization model you formulated, what is the optimal value of the objective function? Round your answer to one decimal place.
Business
1 answer:
IrinaVladis [17]3 years ago
4 0

The number of basic units is 3 and the number of advanced unit is 4.

Explanation:

Optimization function is a real valued function that is either minimized or maximized relative to the given set of feasible variables. Therefore if our maximum value for the production of both types of Ipod is 50 hours and if it takes 6 hours to produce basic Ipod and 8 hours to produce advanced Ipod than optimization model is expressed as 6*x + 8* y = 50. From this we have a set of possible solutions.

If x =0 than y =6, 2 it is not possible since it is not the natural number.

If y =0 than x =3, 57, it is not a natural number.

The only solution that satisfy the above condition is when x =3 and y = 4.

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Intermediaries are often known as individuals who are known to be a link in the distribution process. They connect the various channel partners.

When an individual goes to a supermarket and selects a box of cereal from several choices of type, brand, and size, it is an example of the value of marketing intermediaries who provide an assortment.

There are four types of intermediary. They are

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An organization often has many intermediaries in its distribution channel as they want.

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6 0
3 years ago
Firms and brands that continually attempt to operate in the
Archy [21]

Answer:

B) High, low

Firms and brands that continually attempt to operate in the  <u>HIGH</u> price / <u>LOW</u>  benefits quadrant do not survive over the long run as customer  trust is Damaged.

Explanation:

Many times new products have a very short life because companies believe that they can charge very high prices because they are innovations, but they forget to provide the corresponding benefits of a very high price. Usually short living fads result from this strategy, because the customers will demand more for their money and if the product doesn't satisfy them, they wouldn't purchase it again. And with all the social networks we have today, gossip (and videos) about bad products travel extremely fast.

6 0
3 years ago
The category that is generally considered to be the best measure of a company's ability to continue as a going concern is A. cas
saul85 [17]

Answer:

D. cash flows from operating activities

Explanation:

Operating activities include the functions of a business with respect to providing its goods and services to the market. Operating activities for a company include sales, manufacturing, marketing activities and advertising. The category that is generally considered to be the best measure of a company's ability to continue as a going concern is cash flows from operating activities.

8 0
3 years ago
You're attempting to determine the amount of usable floor space in your day care facility. Which one of the following areas can
Serjik [45]
I believe the answer is d. I hope it was right and I helped!
4 0
3 years ago
Indicate the accounting concepts, principles, or constraints that underlie each of the following independent situations: account
Sholpan [36]

Answer:

Accounting entity concept:

The basic idea behind this concept is that business and the owner are two different entities. Their transactions are to be recorded separately.

Going concern concept:

The concept is to have a view that the company is going to stay solvent in the future. That is we will have another accounting year in the future unless and otherwise we have evidence to the contrary.

Cost-benefit constraint:

It limits the amount of time to research the cost of an event if its benefits outweighs. In case of an immaterial event if its cost outweighs the benefits then that event can be forgone.

Expense recognition (matching principle):

The matching principle states that all the expenses are to be recorded based on the year they have been  incurred rather than on the time they are paid.

Materiality constraint:

It states that any event that changes or effects the decision making of the user of financial statement should be recorded and vice versa.

Revenue recognition principle:

It states that the revenue is to be recorded in the period in which it has been incurred instead when it is collected. Accrual basis gives a more clear picture of the performance of the company.

Full disclosure principle:

It requires to disclose any information to be mentioned in the foot notes of the financial statements of the company that might affect the user of financial statement. This helps in identifying the methods used for accounting practices and any event that might effect the organisations future existence.

Cost principle:

To record the transactions based on their historical costs rather than making adjustments for fluctuations in market place.

7 0
3 years ago
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