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Airida [17]
3 years ago
14

A hotel and conference center at a holiday destination can cater for a maximum of 540 tourists and conference attendees per mont

h but does not open for business in any month in which the number of bookings is less than 300. The number of tourist bookings is always greater than or equal to the number of conference attendees but never more than twice as many. The profit made per tourist per month is $16 while the profit made per conference attendee per month is $19. What mix of conference attendees and tourists should the center aim for to maximize the profit and what is the maximum profit? Formulate an LP model for this problem and report the model in the box below. Your model must include clearly defined decision variables, an objective function, and the required constraints.
Business
1 answer:
emmainna [20.7K]3 years ago
6 0

Answer:

Below is the solution. Feel free to ask any question in the comments.

Explanation:

Decision variables:

x = number of conference attendees, y = number of tourists, z = profit in $

Objective function:

Maximize z = 19x + 16y

Constraints:

x + y ≤ 540

x + y ≥ 300

x ≤ y, that is x - y ≤ 0

2x ≤ y, that is 2x - y ≤ 0

x ≥ 0, y ≥ 0

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Answer: In this particular case where the manager needs to inform about the employees quarterly project management, it would be better to inform them<u><em> face-to-face</em></u>. Since , it'll help the manager to provide a better insight to the project management training.

<u><em>Therefore, the correct option in this case is (a)</em></u>

6 0
3 years ago
Read 2 more answers
On October 1, 2022, Ivanhoe Company places a new asset into service. The cost of the asset is $87500 with an estimated 5-year li
Dimas [21]

Answer:

$3150

Explanation:

Given:

Cost of the asset purchased = $87500 (on 1st October. 2022)

Salvage value at the end of its useful life = $24500

Useful life estimated = 5 years

Question asked:

What is the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation?

Solution:

<u>As we know:</u>

Straight-Line\ Depreciation\ Expense=\frac{Cost\ - Salvage\ Value}{Useful\ Life\ of\ the\ Asset}

                                                               =\frac{87500-24500}{5} =\frac{63000}{5} =12600

Depreciation expenses per year = $12600

But we have to find depreciation expenses for 2022 for:-

From 1st October, 2022 to 31st December, 2022 = 3 months.

<em><u>Straight-Line Depreciation Expense for Partial Year = </u></em>

<em><u /></em>D\times\frac{N}{12} \\\\ D=Depreciation\ expense\ for\ a\ complete\ year.\\N= Number\ of\ months\ during\ which\ the\ fixed\ asset\ was\ available\ for\ use

Depreciation Expense for 3 months = 12600\times\frac{3}{12} =\frac{37800}{12} =3150

Therefore, the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation is $3150.

                                                             

5 0
3 years ago
1. Give the three (3)<br>business resources​
Ira Lisetskai [31]

Answer:

Financial Resources

Human Resources

Educational Resources

Explanation:

8 0
3 years ago
You just sold 700 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You
Nesterboy [21]

Answer:

The correct answer is 3584 (Loss).

Explanation:

According tot he scenario, the given data are as follows:

Purchase value = $39.20

Sale value = $34.08

Total share = 700 share

So, we can calculate the total gain by using following formula:

Total gain = (Sale value - Purchase value) × Total share

= ( $34.08 - $39.20) × 700

= -3584 ( Negative shows Loss)

3 0
3 years ago
The ____ structure is considered the simplest and the oldest form of organizational structure.
valina [46]
The line structure is considered the simplest and the oldest form of organizational structure.
Line Structure.It is the direct chain of command throughout organization.
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