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Blababa [14]
3 years ago
11

John's Locomotive Works manufactures a model locomotive. It comes in two versions: a standard (X1) and a deluxe (X2). The locomo

tives generate $250 per locomotive for the standard version and $350 per locomotive for the deluxe version. One constraint on John's production is labor hours. He only has 40 hours per week for assembly. The standard version requires 150 minutes each, while the deluxe requires 200 minutes. John's milling machine is also a limitation. There are only 20 hours a week available for the milling machine. The standard unit requires 60 minutes, while the deluxe requires 120.
Formulate as a linear programming problem, and solve using the corner points solution method.

Business
1 answer:
Law Incorporation [45]3 years ago
3 0

Answer:

Explanation:

X1                    X2              Z

0                      0                0

16                     0                 4,000

0                      10                3,500

8                       6                 4,100

check the picture attached for more explanation

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Which of the following is a characteristic of an unstructured interview?
Dennis_Churaev [7]

Answer;

C. Common in small businesses

Explanation;

-Unstructured Interview refers to an interview in which the questions to be asked to the respondents are not set in advance. These non-directive interviews are considered to be the opposite of a structured interview which offers a set amount of standardized questions.

-Unstructured interviews are much more casual and unrehearsed.  They depend on free flowing conversation which tends to focus on your personal qualities as they relate to the work.

5 0
3 years ago
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Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positiv
saul85 [17]

Answer:

D.) $50 to $49

Explanation:

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6 0
3 years ago
Rainy days Company manufactures designer umbrellas. Each line of umbrellas is endorsed by a high-profile celebrity and designed
kykrilka [37]

Answer:

Rainy Days Company

a. Incremental Analysis of the Special Order:

Incremental Analysis         Normal         Increment

Sales revenue                 $960,000       $160,000

Cost of goods sold:

Variable costs (80%)          393,600          82,000

Fixed costs (20%)                 98,400         0

Total cost of goods sold    492,000         82,000

Gross profit                      $468,000         78,000

Operating expenses           36,000         60,000  

Net operating income    $432,000        $18,000

b. Rainy days should accept the special order.

c. Rainy days should charge $17.43 per unit for the special order

Explanation:

a) Data and Calculations:

Operating capacity (80%) = 96,000 units

100% capacity = 120,000 units (96,000/0.8)

Sales revenue                 $960,000

Cost of goods sold            492,000

Gross profit                      $468,000

Operating expenses           36,000

Net operating income    $432,000

At full capacity, price for the special order:

Cost of goods sold:

Variable costs (80%)             $82,000

Fixed costs (20%)                    98,400

Total cost of goods sold        180,400  

Operating expenses               60,000  

Total cost of special order $240,400

Units of the special order      20,000

Unit cost =                               $12.02

Net income margin (45%)          5.41

Total price to charge              $17.43

b) The full fixed cost was charged for the special order if Rainy days Company operates at full capacity before receiving the special order.  Fixed cost does not vary according to the level of activity.  It has a step-cost feature, which means that to increase capacity by 20,000 units, the company will incur additional fixed cost $98,400.

8 0
3 years ago
Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $50,000; accounts payable, $38,000; mer
Bumek [7]

Answer:

                                   <u>Long Print Shop</u>

         <u>Balance sheet for the year ended December 31, 2020</u>

                                                         Amount in $                       Amount in $

<u>Assets</u>

<u>Non-current asset</u>

Equipment                                                                                     20,000

<u>Current assets</u>

Merchandise inventory                      14,000

Cash                                                     50,000

Total current asset                                                                        <u>64,000</u>

Total assets                                                                                  <u>84,000</u>

<u>Liabiities</u>

Accounts payable                                                                         <u>38,000</u>

Total liabilities                                                                             <u> 38,000</u>

<u>Equity</u>

Capital                                                                                            <u>46,000</u>

Total equity                                                                                   <u>46,000</u>

Total liabilities and equity                                                            <u>84,000</u>

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

5 0
3 years ago
A financier plans to invest up to $600,000 in two projects. Project A yields a return of 9% on the investment x dollars, whereas
USPshnik [31]

Answer:

Project A = $240,000

Project B = $360,000

Explanation:

Planned Investment amount = $600,000

Project A = x dollars, with 9% return

Project B = Y dollars, with 16% return

Project B should not exceed 40% of total investment amount

Therefore, if y dollars is spent on project B,

(600,000 - y) is spent on project A

Return on project A :

0.09(600,000 - y) = 54,000 - 0.09y

Return on project B :

0.16y

Total return = return on A + return on B

54,000 - 0.09y + 0.16y

Total return = 54,000 + 0.07y

Note: Project B should not exceed 40% of investment, Therefore,

y <= 0.4(600,000)

y <= 240,000

slope of the function is positive '54,000 + 0.07y', total return increases when y increases.

Therefore return on investment will be maximized when y = 240,000, as it should not exceed 40% for project B and the rest 360,000 can be invested in project A.

6 0
3 years ago
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