The numbers of chairs and tables that should be produced each week in order to maximize the company's profit is 15 chairs and 18 tables.
Since a furniture company has 480 board ft of teak wood and can sustain up to 450 hours of labor each week, and each chair produced requires 8 ft of wood and 12 hours of labor, and each table requires 20 ft of wood and 15 hours of labor, to determine, if a chair yields a profit of $ 65 and a table yields a profit of $ 90, what are the numbers of chairs and tables that should be produced each week in order to maximize the company's profit, the following calculation should be done:
16 chairs; 24 tables
Time used = 16 x 12 + 24 x 15 = 192 + 360 = 552
Wood used = 16 x 8 + 24 x 20 = 128 + 480 = 608
15 chairs; 18 tables
Time used = 15 x 12 + 18 x 15 = 180 + 270 = 450
Wood used = 15 x 8 + 18 x 20 = 120 + 360 = 480
12 chairs; 28 tables
Time used = 12 x 12 + 28 x 15 = 144 + 420 = 564
Wood used = 12 x 8 + 28 x 20 = 96 + 540 = 636
18 chairs; 20 tables
Time used = 18 x 12 + 20 x 15 = 216 + 300 = 516
Wood used = 18 x 8 + 20 x 20 = 144 + 400 = 544
Therefore, the only option that meets the requirements of time and wood used is that of 15 chairs and 18 tables, whose economic benefit will be the following:
15 x 65 + 18 x 90 = X
975 + 1,620 = X
2,595 = X
Therefore, the numbers of chairs and tables that should be produced each week in order to maximize the company's profit is 15 chairs and 18 tables.
Answer:
8.48
Step-by-step explanation:
<span>Solution
m = {-13, -1}</span>
<em><u>Question:</u></em>
Juan Invest $3700 In A Simple Interest Account At A Rate Of 4% For 15 Years. How Much Money Will Be In The Account After 15 Years?
<em><u>Answer:</u></em>
There will be $ 5920 in account after 15 years
<em><u>Solution:</u></em>
<em><u>The simple interest is given by formula:</u></em>
Where,
p is the principal
n is number of years
r is rate of interest
From given,
p = 3700
r = 4 %
t = 15 years
Therefore,
<em><u>How Much Money Will Be In The Account After 15 Years?</u></em>
Total money = principal + simple interest
Total money = 3700 + 2220
Total money = 5920
Thus there will be $ 5920 in account after 15 years
Answer:
0.0816
Step-by-step explanation:
