A firm produces three types of computers (small, medium, and large). Demand for the computers is such that 100 small, 200 medium
, and 300 large computers must be scheduled for produetion to satisfy orders. This can be represented by a row matrix called PRODUCTION PRODUCTION100 200 300 small medium large Certain units of direct materials and direct labor go into the production of each of these computers. This can be expressed as follows: mall computers UNITS: 3_medium computers arge computers direct materials direct labor The unit cost of direct materials and direct labor is given by the following matrix $2000 ← direct materials (per unit) $3000 direct labor (per unit) Problem #1 Use the data to set up a Production Requirement Matrix that represents the total number of units of direct materials and direct labor needed to meet production requirements. For the sake of uniformity call this matrix TOTAL UNITS Problem #2 set up a TOTAL COST MATRIX that reflects the firm's total cost of direct materials and direct labor. For the sake of uniformity call this matrix TOTAL COST
1 answer:
You might be interested in
The compound interest formula is: 
Where:
A is the amount you will have.
P is the money you are investing.
r: is the interest rate (in decimals)
n: number of times the interest is compounded per year
t: time (in years)
The first thing is converting the rate from percentage to decimal:
Since the interest is compounded every month and a year has 12 months n=12.
Now we can replace the values in our formula:
We can simplify the exponents to get:
Finally, we can use our calculator to get 288463.33
After 18 your balance in your bank account will be $288463.33
Where:
A is the amount you will have.
P is the money you are investing.
r: is the interest rate (in decimals)
n: number of times the interest is compounded per year
t: time (in years)
The first thing is converting the rate from percentage to decimal:
Since the interest is compounded every month and a year has 12 months n=12.
Now we can replace the values in our formula:
We can simplify the exponents to get:
Finally, we can use our calculator to get 288463.33
After 18 your balance in your bank account will be $288463.33