1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gizmo_the_mogwai [7]
3 years ago
13

Brooklyn Cabinets is a manufacturer of kitchen cabinets. The two cabinetry styles manufactured by Brooklyn are contemporary and

farmhouse. Contemporary style cabinets sell for $90 and farmhouse style cabinets sell for $85. Each cabinet produced must go through carpentry, painting, and fiishing processes. The following table summarizes how much time in each process must be devoted to each style of cabinet.
Hours per process
Style Carpentry Painting Finishing
Contemporary 2.0 1.5 1.3
Farmhouse 2.5 1.0 1.2
Carpentry costs $15 per hour, painting costs $12 per hour, and fiishing costs $18 per hour, and the weekly number of hours available in the processes is 3000 in carpentry, 1500 in painting, and 1500 in fiishing. Brooklyn also has a contract that requires the company to supply one of its customers with 500 contemporary cabinets and 650 farmhouse style cabinets each week.
Let
x = the number of contemporary style cabinets produced each week
y = the number of farmhouse style cabinets produced each week
a. Develop the objective function, assuming that Brooklyn Cabinets wants to maximize the total weekly profit.
b. Show the mathematical expression for each of the constraints on the three processes.
Hours available in carpentry: x1 + y1 ≤
Hours available in painting: x2 + y2 ≤
Hours available in fiishing: x3 + y3 ≤
c. Show the mathematical expression for each of Brooklyn Cabinets' contractual agreements.
Business
1 answer:
Anna11 [10]3 years ago
3 0

Answer:

a) Objective Function:

P = $18.6x + $13.9y

b)

1. 2x + 2.5y \leq 3000 For Carpentry

2. 1.5x +1.0 y \leq 1500 For Painting

3. 1.3x + 1.2y \leq 1500 For Finishing

c)

x \geq 500

y \geq 650

Explanation:

Data Given:

Contemporary Style Cabinets Sells For = $90

Farmhouse Style Cabinets Sell For = $85

Hours per process:

For Contemporary:

Time for Carpentry = 2.0

Time for Painting = 1.5

Time for Finishing = 1.3

Similarly,

for Farmhouse Cabinet style:

Time for Carpentry = 2.5

Time for Painting =  1.0

Time for Finishing = 1.2

Costing for Processes:

Carpentry = $15/hr

Painting = $12/hr

Finishing = $18/hr

Availability of hours in the week:

Carpentry = 3000 hours

Painting = 1500 hours

Finishing = 1500 hours

Orders for Cabinets in the week:

Contemporary Cabinets = 500 units/week

Farmhouse Style = 650 units/week  

Suppose,

x = number of contemporary style cabinets

y = number of Farmhouse cabinets

Step 1:

We need to calculate the total cost of the cabinets first.

Cost of Contemporary Style:

(2 x $15) + (1.5 x $12) + (1.3 x $18) = $71.4/cabinet

Similarly,

Cost of Farmhouse Style:

(2.5 x $15) + (1 x $12) + (1.2 x $18) = $71.1/cabinet

We know that the selling price of Contemporary and Farmhouse cabinets is $90 and $85 respectively. So, we can calculate the profit of both the cabinets.

For Contemporary Style:

Profit = ($90-$71.4) =$18.6

For Farmhouse Style:

Profit = ($85-$71.1)= $13.9

a) Objective Function for the maximization of the profit:

We know that x represents contemporary style and y represents farmhouse style. So, the profit is the basically the objective function. So.,

Objective Function:

P = $18.6x + $13.9y

b) Mathematical Expression for the constraints, which are:

1. 2x + 2.5y \leq 3000 For Carpentry

2. 1.5x +1.0 y \leq 1500 For Painting

3. 1.3x + 1.2y \leq 1500 For Finishing

c) Mathematical Expression for Contracts:

x \geq 500

y \geq 650

You might be interested in
Mr. Jacob, who is terminally ill, writes a will transferring all his assets to his daughter Silvia, in the event of his death. T
Anit [1.1K]

Answer:

Invalid

Explanation:

Since it is stated in the will, that upon his death should the assets be transferred, it means that Silvia doesn't get anything until Mr Jacob ceases to be alive.

With the new development as regards Mr Jacob living for 6 more months before dying, Silvia has no assets yet and as such cannot transfer anything to Jacob Jnr.

Cheers

8 0
3 years ago
Gere Furniture forecasts a free cash flow of $40 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rat
LenKa [72]

Answer:

Option (A) is correct

Explanation:

Given that,

Free cash flow in Year 3, FCF3 = $40 million

FCF to grow at a constant rate, g = 5%

Weighted average cost of capital, WACC = 10%

Cost of equity = 15%

Therefore,

Horizon Value at year, t = 3:

=\frac{FCF4}{(WACC-g)}

=\frac{FCF3(1+g)}{(WACC-g)}

=\frac{40(1+0.05)}{(0.10-0.05)}

=\frac{42}{0.05}

     = $ 840

4 0
3 years ago
Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar
dimulka [17.4K]

Answer: Remeasurement loss of $‭21,970

Explanation:

The figures will have to be converted from Euros to US$ for the calculation.

The relevant exchange rate will be the rate on the date of the transaction.

                                                              Amount      Exchange rate    $Amount

Opening cash                                     528,000           1.14                   ‭601,920‬

Increase in Cash assets:

Sale of inventory                                 160,000             1.20                192,000

                                                            688,000                                   793,920‬

Decrease in cash assets:

Acquisition of warehouse                 300,000             1.14                (342,000)

Purchase of inventory                       100,000              1.18                (118,000)

Transfer to parent                              10,000                1.18                 (11,800)

Ending net cash assets                     278,000 ‭                                  322,120‬

Remeasurement gain(loss) at 31 December = Ending net cash assets at current rate - Ending net cash assets

= (278,000 * 1.08) - 322,120

= ‭300,240‬ - 322,120

= ($21,970)

<em>Options are not for this question. </em>

7 0
3 years ago
The major feature of zero-based budgeting is that it?
luda_lava [24]

The correct option is (B); Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.

<h3>What is zero-based budgeting (ZBB)?</h3>

Zero-based budgeting (ZBB) is a budgeting strategy that entails creating a fresh budget from scratch each time, or from "zero," as opposed to beginning with the budget from the prior month and making adjustments as necessary.

Key features of zero-based budgeting are-

  • The zero-based budgeting (ZBB) methodology helps companies match their spending to their strategic objectives.
  • According to this methodology, firms must create their yearly budget from scratch each year in order to ensure that all of its components are affordable, pertinent, and capable of generating increased savings.
  • With zero-based budgeting, each budgeting cycle is started at zero.
  • This strategy requires explanation of all expenses, not just new ones.
  • The quickest path to achieving your financial objectives is still with a thorough spending strategy.

To know more about the zero-based budget, here

brainly.com/question/26195666

#SPJ4

The correct question is-

The major feature of zero-based budgeting (ZBB) is that it

A. Takes the previous year’s budgets and adjusts them for inflation.

B. Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.

C. Assumes all activities are legitimate and worthy of receiving budget increases to cover any increased costs.

D. Focuses on planned capital outlays for property, plant, and equipment.

4 0
2 years ago
Prepaid Insurance is $23,149. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564
Lelechka [254]

Answer:

Journal Entry

December 31, 2017

Dr. Insurance Expense-Building $5,170

Cr. Prepaid Insurance-Building $5,170

Dr. Insurance Expense-Motor vehicle $6,816

Cr. Prepaid Insurance-Motor vehicle $6,816

Explanation:

First, we need to calculate the Amount of insurance expense accrued in the year for each insurance

Policy B4564

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $15,510 x 1 year / 3 years

Insurance expense accrued = $5,170

Policy A2958

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $10,224 x 12 months / 18 months

Insurance expense accrued = $6,816

6 0
3 years ago
Other questions:
  • Eccles Inc., a zero growth firm, has an expected EBIT of $100,000 and a corporate tax rate of 30%. Eccles uses $500,000 of 12.0%
    6·1 answer
  • A large computer company was well known for the frequent debate among employees regarding various issues. Employees weren't afra
    6·1 answer
  • Who talking to make some extra Hit my if you want to make some money 678/223/3921
    5·2 answers
  • Today is your 20th birthday, and your parents just gave you $5,000 that you plan to use to open a stock brokerage account. You p
    13·1 answer
  • “To persuade my audience that drinking and driving laws should be stricter” aims for:
    12·2 answers
  • Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory cost
    13·1 answer
  • Part of the growth strategy for Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is expansion of its current fa
    9·1 answer
  • How does Wanda's strategy of being a high-quality provider take advantage of the shifts in consumer demand for healthy dog treat
    9·1 answer
  • Jackson Implements, Inc. uses straight-line depreciation for an item of equipment that cost $135,000, had a salvage value of $15
    7·1 answer
  • An agreed-upon solution about a common set of engineering features and design choices is known as a?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!