Answer:
a. Give the Objective function.
Let c = #coats to be produced
Let s = #slacks to be produced
b. Give the constraints
3c+5s≤150
10c+4s≤200
d. Give the optimal Point
The profit function would be P(x,y)=50c+40s
Explanation:
Let c = #coats to be produced
Let s = #slacks to be produced
Our first constraint deals with square yards of wool. We cannot exceed 150 square yards. Using the fact that coats require 3 sq yds and slacks require 5 sq yds, we can identify this constraint.
3c+5s≤150
Our second constraint deals with the number of hours available being 200. Coats require 10 hrs and slacks require 4 hrs. Now we have our second constraint.
10c+4s≤200
We might also assume that some of each will be produced, so we can list the following as constraints as well.
c>0 and s>0
The profit function would be P(x,y)=50c+40s
Answer:
d)= 6,500
Explanation:
The break-even point (BEP) is the units of the product that Ferkil Corporation must sell for it to make no profit or loss.
This units can be determined as follows:
BEP = Total fixed cost + target profit/ selling price - variable cost
So we substitute the variables given into the formula
5000 = 225,000 /(100-X)
5000×(100-X) =225,000
500,000 -5000x = 225,000
(500,000 -225,000)/5000 = x
X= 55
variable cost per unit = $55
Units to sell to achieve a profit 67,500
= (225,000 + 67,500)/(100-55)
= 6,500
Answer:
b) mission statement
Explanation:
A mission statement is a formal description that captures all what a company is set out to do in achieving their vision. It is a brief summary of a company’s philosophy, goals and objectives.
A mission statement is what gives a clear direction to a business, as the purpose of a business is well clarified. A mission statement which answers the basic question of “Why does your business exist” helps in increasing employee engagement as well as ensuring the vision of the company is actualized.
The statement of Dell as highlighted in the question above is part of Dell’s mission statement, as it tells why the business exist.
Small business <span><span>is an independently owned and operated business. This business is operated for profit and is not dominant in its field. </span>A small business investment company (SBI) is a </span>privately owned firm that provide venture capital to small enterprises that meet their investment standards.
<span /><span>The management counseling for the small businesses is done by small business institutes.</span>
Answer:Advantages of installment payment for your big-ticket spending
Installment allows you to spend smart. If you have the funds, you can always purchase and pay in full. ...
You can make unexpected purchases or payments without putting a dent on your budget. ...
You get to track your finances better. ...
It enables you to stretch the cost of your purchases over a manageable period of time
Explanation:
