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storchak [24]
2 years ago
6

The Chris Beehner Company manufactures two lines of designer yard gates, called model A and model B. Every gate requires blendin

g a certain amount of steel and zinc; the company has available a total of 25,000 lb of steel and 6,000 lb of zinc. Each model A gate requires a mixture of 125 lb of steel and 20 lb of zinc, and each yields a profit of $90. Each model B gate requires 100 lb of steel and 30 lb of zinc and can be sold for a profit of $70. Find the optimal solution?
Business
1 answer:
Softa [21]2 years ago
5 0

Answer:

producing 200 units of Model A would be the best of the 25,000 lbs of steel and 4,000 zinc available

With a profit of 200 units x $90 each = 18,000 dollars

Explanation:

Model A contribution:

90 / 125 = 0.72

90 / 20 =  4.5

Model B contribution:

70/ 100 = 0.7

70/ 30 = 2.33

As model B generates lower contribution for both scarse resources is not convinient to produced altogether.

It should produce Model A as much as it can and only fill with Model B if needed

25,000 lbs of steel / 125 per Model A = 200 units of A

200 units of A x 20 lbs of zinc each = 4,000 lbs of zinc

producing 200 units of Model A would be the best of the 25,000 lbs of steel and 4,000 zinc available

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evablogger [386]

Answer:

It will take 6.68 years to reach the $10,000 goal.

Explanation:

As the deposit of $1,000 per year is a form of the annuity payment.

We will use the following formula in order to calculate the numbers of year required to reach the goal

Future value of Annuity = Annuity payment x ( ( ( 1 + interest rate )^numbers of years ) - 1 ) / Interest rate

Where

Future value of Annuity = Target amount = $10,000

Annuity payment = Yearly deposti = $1,000

Interest rate = 14%

Numbers of years = n = ?

Placing values in the formula

Future value of Annuity = Annuity payment x ( ( ( 1 + interest rate )^numbers of years ) - 1 ) / Interest rate

$10,000 = $1,000 x ( ( ( 1 + 14% )^n ) - 1 ) /14%

$10,000 x 14% = $1,000 x ( ( ( 1.14 )^n ) - 1)

$1,400 = $1,000 x ( ( ( 1.14 )^n ) - 1)

$1,400 / $1,000 = ( ( 1.14 )^n ) - 1

1.4 = ( ( 1.14 )^n ) - 1

1.4 + 1 = 1.14^n

2.4 = 1.14^n

Log 2.4 = n x Log 1.14

n = Log 2.4 / Log 1.14

n = 6.681525965

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It will take 6.68 years to reach the $10,000 goal.

7 0
3 years ago
In 2021, CPS Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 20
alekssr [168]

Answer:

Entry to record adjustment:

COGS Dr $9.4m

         Inventory Cr $9.4m

Explanation:

The question relates to a change in accounting policy. According to IAS 8 (changes in accounting policy and estimate), a change in accounting policy is to be reflected retrospectively and prospectively, which means any changes should be implemented by bringing changes in the past records. Since CPS company has been using FIFO method, the inventory has been overstated in the financial statements. A shift to AVCO has resulted in a decrease in inventory value.

The value of inventory has to be reduced as a result of change in accounting policy (i.e $38m - $28.6m). This is the closing inventory so a reduction in the value of closing inventory results in an increase in cost of goods sold (COGS), therefore, the adjusting entry will be aimed at reducing inventory and increasing cost of goods sold, see as follows:

Entry:

COGS Dr $9.4m

         Inventory Cr $9.4m

8 0
2 years ago
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gayaneshka [121]
Benefits is the correct answer
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3 years ago
When a company acquires a 20% - 50% interest in another company, this generally results in Group of answer choices a controlling
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Answer:

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Whenever the shares of nay company are being purchased by more than 50%, that gives the purchaser the controlling level of influence on that particular company.

Here in this question the level is between 20% - 50%, which is high and can be termed as significant but not any other term that is present in the options to the question.

Hope this helps you out buddy.

Good luck and Thank You.

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3 years ago
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A consumer is someone who buys things for a non-commercial purpose, either for themselves or for others. Companies use consumer marketing campaigns to sell to consumers. Campaign messaging focuses on both acquiring potential customers and retaining current customers.

Consumers can be either an individual or group of people who purchase or use goods and services solely for personal use, and not for manufacturing or resale. They are the end-users in the sales distribution chain.

There are four types of consumers: omnivores, carnivores, herbivores and decomposers. Herbivores are living things that only eat plants to get the food and energy they need.

learn more about consumer here

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7 0
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