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3 years ago

Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.

Business

1 answer:

Sergio [31]3 years ago

7 0

Answer:

M1 M2

Explanation:

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The owner of Chips etc. produces two kinds of chips: lime (L) and vinegar (V). He has a limited amount of the three ingredients

Sloan [31]

Answer:

Objective function (maximize)

$Profit=0.40L+0.50V$

Constraints

- Availabitily of salt: $2L+3V\leq4800$

- Availability of herbs: $1C+2V\leq 2000$

- Availability of flour: $6C+8V\leq9600$

Explanation:

This a linear programming problem. We have an objective function (in this case it is the profit) that we want to optimize, but complying with constraints (in this case, the availability of ingredients).

The objective function can be defined taking into account the profits of the two kind of chips:

$Profit=0.40L+0.50V$

The constraints can be expressed taking into account the amount of ingredients every unit of chip needs and stating that it has to be less or equal to the availability of this ingredient:

- Availabitily of salt:

$2L+3V\leq4800$

- Availability of herbs

$1C+2V\leq 2000$

- Availability of flour

$6C+8V\leq9600$

With these expressions the linear programming problem can be solved.

3 0

3 years ago

Inventory records for Marvin Company revealed the following: Date Num of units unit cost Mar. 1 Beginning Inventory 1000 7.20 Ma

swat32

Answer:

Ending inventory= $5,040

Explanation:

Giving the following information:

Beginning Inventory= 1000 units for $7.20

Mar. 10: Purchase= 600 units for $7.25

Mar. 16: Purchase= 800 units for $7.30

Mar. 23: Purchase= 600 units for $7.35

Marvin sold 2,300 units.

Under the LIFO inventory method, the ending inventory cost is calculated using the first units incorporated to inventory.

Ending inventory in units= total units - units sold

Ending inventory in units= 3,000 - 2,300= 700 units

Ending inventory= 700*7.2= $5,040

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3 years ago

On december 1, milton company borrowed $480,000, at 8% annual interest, from the tennessee national bank. interest is paid when

Vlad [161]

Debit Interest Expense [$480,000 x 8% x 360/360] = $38,400.00
<span>Credit Interest Payable = $38,400.00</span>

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Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $5,000 and a fair mark

lawyer [7]

15,900 is my because thats how much only sandra will pay.

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3 years ago

1. What is bartering?

Vinil7 [7]

Answer:

It means exchange for good or service without using any money

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