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adoni [48]
3 years ago
13

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. What is the objective function?
Business
1 answer:
Ann [662]3 years ago
4 0

Answer:

As we want to maximize the profit, the objective function is the profit function:

Profit=300*K+150*Q

Explanation:

This is a linear programming problem.

We want  to maximize the profit, and the limitations are budget, where we take into account the cost of the types of beds, and warehouse space, where we take into account the space the beds required.

As we want to maximize the profit, the objective function is the profit function:

Profit=300*K+150*Q

The constraints are:

- Budget

500K+300Q\leq75000

- Warehouse space:

100K+90Q\leq 18000

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Answer:

B) Transferring interest income from a taxpayer's investment to his young daughter

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If you want to pay less taxes there are two basic ways that you can do it:

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Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
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C) can get started more easily and maneuver faster

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Suppose the market for corn is a purely competitive, constant-cost industry that is in long-run equilibrium. now assume that an
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Montana Mining Co. (MMC) paid $200 million for the right to explore and extract rare metals from land owned by the state of Mont
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The beginning of the extraction activities is 14.7 million.

Explanation:

Please find the detailed answer as follows:

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8 0
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The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a buil
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Cash flows from operating activities section

                                                                  Amount in $  

Net income                                             210,000.00    

Depreciation                                              62,500.00        

Change in Accounts Receivable              -2,400.00

Change in Inventories                              13,500.00  

Change in Prepaid Expenses                 -600.00

Change in Accounts Payable                      3,800.00  

Change in Salaries Payable                    <u>     -750.00</u>

Cash flows from operating activities    <u> 286,050.00</u>    

Explanation:

The operating activities includes net income, depreciation and changes in current assets and current liabilities. The depreciation as a non-cash item is added back in the cash flows statement.

An increase in current assets represents an outflow of cash hence the negative value and vice versa. The increase in current liabilities represents an inflow of cash hence it is positive and vice versa. Below are the changes.

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Change in Accounts Receivable  71,000    73,400       (2,400.00)

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Change in Accounts Payable  62,600    66,400      3,800.00  

Change in Salaries Payable             9,000       8,250      (750.00)

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