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Katena32 [7]
3 years ago
15

Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo

th cakes are the same size, but the decorating and assembly time required for the yellow cake is 2 hours while the time is 3 hours for the strawberry cake. There are 450 hours of labor available for production. How many of each type of cake should be made to maximize revenue?
Business
1 answer:
Marina86 [1]3 years ago
4 0

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

2x+3y\leq 450

x\geq 0

y\geq 0

Revenue is given by,

TR= 25x + 35y

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

TR = 25(0) + 35(150) = $5,250

At (225,0)

TR = 25(225) + 35(0) = $5,625

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

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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
how can you use excel to assist in project risk management? what other software can help project teams make better risk manageme
dlinn [17]

PERT analysis can be carried out using Project 2002, and it can also be used with other simulation tools like Risk+.Excel can also be used with simulation software.

The intuitive interface of nTask features inviting neutral colors and is user-friendly.You may prioritize issues, evaluate potential hazards, and assign them to various team members for monitoring with this security risk management program.

There are sufficient options for businesses and budgets of all sizes, but not every tool will benefit every team equally.

If you're working with a major enterprise organization, your risk management software budget and goals will obviously be very different from those of a small agency or solopreneur.

Learn more about excel:

brainly.com/question/29329728

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3 0
1 year ago
Byrd Company decided to analyze certain costs for June of the current year. Units started into production equaled 14,000 and end
Molodets [167]

Answer: Option (C) is correct.

Explanation:

Units Started into the production = 14,000 Units

Ending work in process = 2,000 units

Transferred Units = Units in the starting - Ending work in process

                              = 14,000 units - 2,000 Units

                              = 12,000 Units

Equivalent units = Transferred units + Ending work in process in units × % of Completion

                            = 12,000 Units + 2,000 Units × 25% complete

                           = 12,000 + 2,000 × 0.25

                           = 12,000 units + 500 units

                            = 12,500 units

Total Conversion cost = $52,500

Conversion\ cost\ per\ Equivalent\ unit=\frac{Total\ Conversion\ cost}{Equivalent\ Units}

Conversion\ cost\ per\ Equivalent\ unit=\frac{52,500}{12,500}                                                          

                                                                        = $4.2

5 0
3 years ago
The market price of pomegranates is $2, and JoAnne sells 25 pomegranates at the local farmer's market. The total revenue is and
leva [86]

Answer:

$50 and $2

Explanation:

The computation of the total revenue and the marginal revenue is shown below:

Total revenue is

= Price ×  quantity

= $2 × 25

= $50

And, the marginal revenue is received collected from one unit i.e price of the one units that equivalent to $2

Hence, we simply applied the above formula to determine the total revenue and the marginal revenue

4 0
3 years ago
Wanda is the chief executive officer of pink corporation, a publicly traded, calendar year c corporation. for the current year,
tia_tia [17]

Wanda's compensation that is deductible by Pink Corporation is  equal to $1,250,000.

<h3>What is a corporation?</h3>

A corporation can be defined as a corporate organization that has facilities and owns assets that're used for the production of goods and services in at least one country, other than its headquarter which is located in its home country.

<h3>What is taxation?</h3>

Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.

Mathematically, Wanda's compensation that is deductible by Pink Corporation is given by:

Wanda's compensation = cash compensation × deductible percentage

Wanda's compensation = $2,500,000 × 50%

Wanda's compensation = $1,250,000.

Read more on compensation here: brainly.com/question/15293348

#SPJ4

Complete Question:

Wanda is the Chief Executive Officer of Pink corporation, a publicly traded, calendar year C corporation. For the current year, Wanda's compensation package consists of:

Cash compensation $2,500,000

Nontaxable fringe benefits 250,000

Taxable fringe benefits 150,000

Bonus tied to company performance 2,000,000

How much of Wanda's compensation is deductible by Pink Corporation?

5 0
2 years ago
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