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hram777 [196]
3 years ago
6

Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The l

abor-hour requirements, by department, are as follows: Department Product 1 Product 2 Product 3 A 2.00 1.50 3.00 B 2.50 2.00 1.00 C 0.25 0.25 0.25 During the next production period the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are $30 for product 1, $25 for product 2, and $28 for product 3. Formulate a linear programming model for maximizing total profit contribution. If the constant is "1" it must be entered in the box. If required, round your answers to two decimal places. Let Pi = units of product i produced
Business
1 answer:
Serjik [45]3 years ago
8 0

Answer:

Objective function:

Maximize Z: 30P1 + 25P2 + 28P3

Subject to:   2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)

                    2.50P1  + 2.00P2 + P3       ≤ 350 (Department B constraint)

                    0.25P1  + 0.25P2 + 0.25P3 ≤ 50  (Department C constraint)

                           P1, P2, P3                       ≥  0 (Non-negativity)

Explanation:

The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.

The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.

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Please help solve this
joja [24]

Answer:

The Gross Domestic Product of the territory is $ 172 million.

Explanation:

The Gross Domestic Product (GDP), measured in monetary units, is the market value of all goods and services within a territory in a given period of time, usually annual, which is estimated by the following expression:

GDP = C+BI+GEx+GEn+E-I (1)

Where:

C - Consumption.

BI - Business investments.

GEx - Government expenditures.

GEn - Government entitlements.

E - Exports.

I - Imports.

Please notice that positive sign represents money that has entered into the economy of the territory.

If we know that C = 50\times 10^{6}, BI = 10\times 10^{6}, GEx = 75\times 10^{6}, GEn = 38\times 10^{6}, E = 12\times 10^{6} and I = 13\times 10^{6}, then the GDP of the territory is:

GDP = 50\times 10^{6}+10\times 10^{6} + 75\times 10^{6}+38\times 10^{6}+12\times 10^{6}-13\times 10^{6}

GDP = 172\times 10^{6}

The Gross Domestic Product of the territory is $ 172 million.

6 0
3 years ago
In 2006, selected automobiles had an average cost of $19,000. the average cost of those same automobiles is now $34,200. what wa
olasank [31]
The rate of increase for the two automobiles = $34,200 - $19,000 = $15,200.
$15, 200 / $19,000 = 0.8
Therefore, the rate of increase for the two automobiles is 80%.
4 0
3 years ago
Enok, a prospective franchise owner, is looking to keep his monthly costs as low as possible. The franchisor he is checking out
Reika [66]

Answer:

(3) $3,750,000

Explanation:

The computation of the expect monthly sales to be as high is shown below:

Given that

Sales per month = $300,000

Royalty payments = 8% of sales

So, the expected monthly sales would be

= Sales per month ÷ Royalty payments percentage

= $300,000 ÷ 8%

= $3,750,000

We simply divided the sales per month by the royalty payment percentage i.e 8%

5 0
3 years ago
With an increasing push toward​ ___________marketing, firms are gearing operations for the​ long-term but not without stricter e
Vikentia [17]
With an increasing push toward sustainable marketing, firms are gearing operations for the​ long-term but not without stricter environmental and ethical demands.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
3 0
4 years ago
Elizabeth Proctor sells equipment for $80 000 to Matthew Gamble on 1 July 2013 in exchange for note bearing 12 per cent interest
11111nata11111 [884]

Answer:

Following would be the journal entries in the books of Elizabeth Procter,

On July 1, 2013.

Notes Receivable A/C                                     Dr.  $80,000

    To Equipment A/C                                                               $80,000

(Being equipment sold against notes receivable being recorded)

On June 30, 2014

Notes Receivable A/C                                           Dr. 9600

    To Interest Revenue A/C                                                    9600

(Being accrued interest on notes receivable recorded)

On Sept 2014,

Cash  A/C                                                          Dr. 92,000  

   To Notes Receivable A/C                                                    $80,000

   To Interest Receivable A/C                                                  $9600

   To Interest Revenue    A/C                                                   $2400

(Being notes receivable and interest received receipt being recorded)

Interest Revenue refers to the income which has been earned as on a date.

Interest Receivable refers to the income which has not been received and which has been outstanding.

8 0
4 years ago
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