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lozanna [386]
3 years ago
13

A manufacturing firm has discontinued the production of a certain unprofitable product line. Considerable excess production capa

city was created as a result. Management is considering devoting this excess capacity to one or more of three products: X1, X2, and X3. Machine hours required per unit are: PRODUCT MACHINE TYPE X1 X2 X3Milling machine 8 2 3Lathe 4 3 0Grinder 2 0 1The available time in machine hours per week isMACHINE HOURS PER WEEKMilling machines 800Lathes 480Grinders 320The salespeople estimate they can sell all the units of X1 and X2 that can be made, But the sales potential of X3 is 80 units per week maximum.Unit profits for the three products are $20 (for X1), $6 (for X2), and $8 (for X3).Required:(a) Write the mathematical formulation to maximize the profit per week (Decision variables: Production amount of X1, X2, and X3).(b) Solve the mathematical formulation using Excel Solver. Show your work.(c) What is the optimal solution?

Business
1 answer:
harina [27]3 years ago
3 0

Answer:

Please kindly check explaination for the details.

Explanation:

a.

Decision variables:

Let

X1 = no of units of product X1

X2 = no of units of product X2

X3 = no of units of product X3

Objective function is to maximize profits

Max Z = 20X1 + 6X2 + 8X3

Constraints:

8X1 + 2X2 + 3X3 <= 800

4X1 + 3X2 <= 480

2X1 + X3 <= 320

X1, X2, X3>=0

b.

please see attachment for the excel solutions.

c.

X1 = 0

X2 = 160

X3 = 160

Z = 2240

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Answer: Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Some can cause burns, vomiting, diarrhea, and in very large amounts, drowsiness or death. Chemical products may cause immediate health effects, such as skin or eye irritation or burns, or poisoning. There can also be longer-term health effects from chemicals.

Explanation:

4 0
2 years ago
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On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed
Alex

Answer: Debit Accounts receivable for $600.

Explanation:

The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.

This amount will be credited to the Accrued revenue account to show that the cash has not yet been received.

5 0
3 years ago
A homebuilder negotiates a deal with a farmer to give the farmer a percentage of the profit on homes the homebuilder builds and
Tcecarenko [31]

Answer:

C. Yes, because the farmer is making a percentage of the profit

Explanation:

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Hope this Helps.

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4 0
3 years ago
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Sister Pools sells outdoor swimming pools and currently has an aftertax cost of capital of 11.6 percent. Al's Construction build
Aloiza [94]

Answer:

$1,952 (Positive NPV)

Explanation:

Year   Annual CF ($)   PV factor at 10.30%    PV of Cash Flow ($)

1               17,000                  0.90662                         15,413

2              17,000                  0.82196                          13,973

3              17,000                   0.74520                         12,668

4              17,000                   0.67561                          11,485

5              17,000                   0.61252                          10,413

6              17,000                   0.55532                          9,441

7              17,000                    0.50347                          8,559

TOTAL                                    1.73554                          81,952

Net Present Value (NPV) = Present value of annual cash flows - Initial Cost

Net Present Value (NPV) = $81,952 - $80,000

Net Present Value (NPV) = $1,952 (Positive NPV)

8 0
3 years ago
Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based
Verizon [17]

Answer:

$740,366

Explanation:

The computation of the enterprise value is given below:

P/E ratio = Market Capitalization ÷ Earnings

6 = Market Capitalization ÷ $149,680

Market Capitalization is

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= $898,080

Now,

Enterprise Value = Market Capitalization + Market Value of Debt - Cash & Cash Equivalents.

= $898,080 - $157,714

= $740,366

3 0
2 years ago
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