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Amanda [17]
3 years ago
11

Rework problem 27 in section 1 of Chapter 7 of your textbook, about the greenhouse operator, using the following data. Assume th

at each Type 1 layout uses 36 tulips, 24 daffodils, and 8 flowering shrubs; that each Type 2 layout uses 12 tulips, 42 daffodils, and 7 flowering shrubs; and that each Type 3 layout uses 22 tulips, 52 daffodils, and 5 flowering shrubs. Assume also that the greenhouse operator has on hand 1110 tulips, 890 daffodils, and 94 flowering shrubs. Assume also that the profit on each Type 1 layout is $85.00, the profit on each Type 2 layout is $40.00, and the profit on each Type 3 layout is $90.00.
How many layouts of each type of should the greenhouse operator plant in order maximize its profit?
Business
1 answer:
alekssr [168]3 years ago
4 0

Answer:

one of the first

then sixteen of the third.

none of the second

Explanation:

We can solve by hand using legrande multiplier

and derivate or we can use the solver tool of excel:

1) we build up a table on excel with the data for each layout

Then, we use solver.

We declare the quantity of each unit as out variable

the total profit as our goal to maximize

we stablish the restrictions based on our inventory at hand

<em>And excel determinates that 16 of the third layout and one of the first layout will yield the greater profit</em>

SOLVER  

Q tulips daffodils flowerings PROFIT per layout

1          36       24 8                    84

0           12       42 7                    40

16           22       52 5                    90

Totals 388     856 88      

used   (16 x 22 + 36) (16 x 52 + 24)   (  16 x 5 + 8)

Total profit: 1524

(16 x 90 + 84)

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The comparative statements of Wahlberg Company are presented here:Wahlberg CompanyIncome StatementsFor the Years Ended December
denpristay [2]

Answer:(a) 5.4 (b) 0.53, (c) 0.42, (d) 1.9 (e) 32.1 (f) 11.4 (g)17 (h) 21 (i) 3.4 (j) 3.7 (k) 41% (l) 86,000

Explanation:

(a) Earning per share = Total earning after tax / Number of shares

= Number of shares = 290,000 ÷ 5 = 58,000

= 313,400 ÷ 58,000 = 5.4

(b) Return on common stockholders equity

= Earning Available to ordinary equity /Total shareholders equity - preference shares

= 290,000/603,400 - 58,800

= 290,000 ÷ 544,600

= 0.53

(c) Return on Asset = Net income / Average Total Asset

= Average Total Asset = 1,026,900 ÷ 2 = 513,450

=218,000 ÷ 513,450

= 0.42

(d) Current Ratio = CurrentAsset ÷ Current Liabilities

= 377,900 ÷ 203,500

= 1.85

= 1.9 approximately

(e) Account Receivable Turnover = Annual credit sales ÷ Average Account Receivable

Average Account Receivable = 117,800 ÷ 2 = 58,900

= 1,890,540 ÷ 58,900

=32.09

= 32.1 approximately

(f) Average Collection Period = Average Account Receivable ÷ (Annual Sales ÷ 36365days )

=58,900÷ (1,890,540 ÷ 365)

= 58,900÷ 5,179.56

=11.37

= 11.4 approximately

(g) Inventory Turnover = Cost of good sold ÷ Average Inventory

Average inventory = 126,000 ÷ 2 = 63,000

1,058,540 ÷ 63,000 = 16.8

= 17 approximately

(h) Days in Inventory = 365 ÷ inventory turnover

= 365 ÷ 17 = 21.4

= 21

(i) Times interest earned = income before interest & income taxes ÷ interest expense

= 310,000 ÷ 92,000

= 3.36

= 3.4 approximately

(j) Asset Turnover = Net Sales ÷ Average Total Asset

Average Total Asset = 1,026,900 ÷ 2 = 513,450

= 1,890,540 ÷ 513,450

= 3.68

= 3.7 approximately

(k) Debt to Asset Ratio = Total Liabilities ÷ Total Asset × 100%

= 423,500 ÷ 1,026,900 × 100%

= 0.412 × 100

= 41.2%

= 41%

(l) Free cash flow = Cash from operating Activities - Capital Expenditure

=223,000 - 137,000

=86,000

8 0
3 years ago
Which type of fund should you consider if you're seeking high long-term returns and can tolerate the normal ups and downs of the
guapka [62]

Answer:

growth funds

Explanation:

If you have done enough research in a particular company to invest in them then growth funds do generate a lot of profit however they are a bit risky.

4 0
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dmitriy555 [2]

Answer: collection agency

Explanation:

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2 years ago
Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p
PSYCHO15rus [73]

Answer:

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Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

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If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at
lana [24]

Answer:

$10.49

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The computation of the net asset value of the fund is shown below:

= (Market value of the assets - market value of the liabilities) ÷ number of oustanding shares

where,

Market value of assets is

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