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
allsm [11]
2 years ago
11

A company produces two products, A and B. The sales volume for A is at least 80% of the total salces for both A and B. However,

the company cannot sell more than 100 units of A per day. Both products use one raw material, of which the maximum daily availability is 240 lb. The usage rater of the raw material are 2lb per unit of A and 4 lb per unit of B. The profit units for A and B are $20 and $50, repectively. Set this problem up as a linear program to determine the optimal product mix for the company. Then solve using excel. Next, answer the following questions: 1. How much should the company be willing to pay to increase the number of units of A that it can sell
Business
1 answer:
liberstina [14]2 years ago
3 0

Answer:

i) Z = 20( 80 ) + 50(20 ) =  $2600

ii) $3000

Explanation:

representing products  A and B as x₁ and x₂

using the given data

Max ( z ) = 20x₁ + 50x₂  ( optimal product mix for optimal profit )  ---- ( 1 )

0.8 ( x₁ + x₂ )  ≥ 0

0.8x₁  + 0.8x₂ ≥ 0 ------------ ( 2 )

also  x₁ ≤ 100 --- ( 3 )    considering the amount to be sold ( sales volume )

based on the availability of raw material

2x₁ + 4x₂ ≤ 240 ----- ( 4 )

resolve equations 2, 3, and 4 graphically

x₁ = 80 units , x₂ = 20 units

back to equation 1

Z = 20( 80 ) + 50(20 )

   = 1600 + 1000  = $2600

ii) To increase the number of units of A produced

given that x₁ ≤ 100   and the actual optimal units produced = 80 units

2600 + 20(100-80)

= 2600 + 20(20)  = 2600 + 400 = $3000

You might be interested in
In the context of opportunity identification and selection, DuPont's discovery of Surlyn, a material with hundreds of potential
oksian1 [2.3K]

Answer: The correct answer is "B. A new resource".

Explanation: The discovery of Surlyn de DuPont, being a new material with multiple potential uses, which could be applied to the manufacture of many products would clearly fall under the category "a new resource".

5 0
3 years ago
Read 2 more answers
The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $15.90 for each of the 25 million shares s
Studentka2010 [4]

Answer:

22.38%

Explanation:

Raven corporation has just gone public

They received $15.90 for each 25 million shares that was sold

The first step is to calculate the net amount raised

Net amount that was raised= 15.90×25,000,000 = 397,500,000

397,500,000-860,000-330,000

= 396,310,000

Underwriter spread= 17.50-15.90

= 1.6 per shares

Total underwriter spread= per share spread× number of shares that were offered

= 1.6×25,000,000

= 40,000,000

Total direct costs= 40,000,000+860,000

=40,860,000

Indirect flotation cost= indirect cost+price appreciation

= 330,000+(19.40-17.50)×25,000,000

= 330,000+1.9×25,000,000

=330,000+47,500,000

= 47,830,000

Total flotation cost= 47,830,000+40,860,000

= 88,690,000

Therefore, the flotation cost as a percentage of funds raised can be calculated as follows

= 88,690,000/396,310,000 × 100

= 0.2238×100

= 22.38%

Hence the flotation costs as a percentage of funds raised is 22.38%

3 0
3 years ago
. Describe an example of a company that manufactures a product.
daser333 [38]
There are a huge range of companies that produce a huge range of products, some examples of these are;
Apple= iPod, iPhone, iPad, iMac, Macbook.
Samsung= Phones, Televisions, Laptops
Ford= Cars, Vans etc.
Rolex= Watches
Ralph Lauren= Men, Women and Children's clothes and accessories, Home and pet accessories.
Hope this helps and is what you were looking for 

5 0
3 years ago
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization sch
Schach [20]
It is papaaaaaaaaaaaaa
3 0
3 years ago
Which of the following refers to the percentage of an individual​ customer's purchase of a product over time within a single​ br
Sergio [31]

Answer:

c. Share of customer

Explanation:

Share of customer is the percentage which a company gets from the customer when he/she continually purchase the products. it helps in retaining customer which helps in customer relationship management and can help marketers increase the percentage which they get from the customer.

5 0
3 years ago
Other questions:
  • The ________ of focus group participants should be judged against the target market profile to assess to what degree the groups
    6·2 answers
  • A magazine advertisement for a home entertainment system contains detailed copy, technical information, and a long list of produ
    13·1 answer
  • Assume the existence of a BankAccount class with a method, getAvailable that returns the amount of available funds in the accoun
    7·1 answer
  • Visit a website for a company that sells products online. Then go to that company‘s corporate website. Compare the company’s pro
    14·1 answer
  • The following transactions are July activities of Bennett’s Bowling, Inc. Bennett’s collected $13,100 from customers for games p
    7·1 answer
  • In the current year, Hermanson Corporation reported net income of $240,000, paid dividends of $25,000 on common stock, and $40,0
    5·1 answer
  • Zeibart Company purchases equipment for $225,000 on July 1, 2016, with an estimated useful life of 10 years and expected salvage
    7·1 answer
  • What is an insurance premium?
    9·1 answer
  • 1.XYZ company had a total profit of $500,000. XYZ's expenses were $200,000. What is the net profit for XYZ company?
    11·1 answer
  • Christopher is a licensed sales agent sponsored by Coastal Realty in Corpus Christi, Texas. Jose has been a real estate broker i
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!