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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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Good Time Company is a regional chain department store. It will remain in business for one more year. The probability of a boom
ella [17]

Answer:

a. $95 million

b. 26.5%

c. 78.6%

Explanation:

a. It is projected that the company will generate a total cash flow of $95 million in a recession.  The bondholders expect to receive a payoff of $95 million.

b. The promised return is the company's required debt payment at the end of the year ($129 million) and the (\frac{expected debt value}{market value of the company’s outstanding deb}) - 1t ($102 million).

Promised return = (\frac{company's required debt payment at the end of the year}{market value of the company’s outstanding debt}) - 1

Promised return = (\frac{129 million}{102 million}) - 1

Promised return = 0.2647 ≈ 0.265

The promised return on the company's debt is 0.265 or 26.5%

c. The expected return is the company's expected debt value and the current market value of the company’s outstanding debt ($102 million). We will need to find the company's expected value of debt since it is unknown.

expected debt value = (Probability of a boom year* cash flow of boom year) + (probability of a recession year * cash flow of recession year)expected debt value = (80% ×$204 million ) + ( 20% × $95 million)

expected debt value = (0.8 ×$204 million ) + ( 0.2 × $95 million)

expected debt value = ($163.2 million ) + ($19 million)

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We can now determine the expected return.

The expected return =  (\frac{expected debt value}{market value of the company’s outstanding debt}) - 1

expected return = (\frac{182.2 million}{102 million}) - 1

Expected return = 0.7863 ≈ 78.6%

The expected return on the company's debt is 78.6%

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1. Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is m
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Answer:

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Answer:

See Explanation

Explanation:

(a)

Journal entry to record the transaction is,

Particulars                                                                  Debit      Credit

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(b)

First installment = Principal + Interest payable

= 31,000 + (620,000 * 0.04) = $55,800

(c)

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Since the chart of accounts is not provided you can confirm the the account headings.

Hope that helps.

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