Answer:
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours.
Explanation:
Mining hours of mine 1: M1
mining hours of mine 2: M2
Objective function: Minimize operating cost < 200M1 + 160 M2
Explicit constraints:
6M1 + 2M2 ≥ 12
2M1+ 2M2≥ 8
4M1+ 12M2 ≥ 24
Implicit constraints:
M1> 0
M2>0
See the attachment for feasible region
The coordinates of feasible region are (0,0), (2,0),(0,2),(1.5,1.5)
To maximize cost substitute each of these coordinates in objective function
for(0,0)
cost=0 (neglect this cost since M1>0 and M2 >0)
for(2,0)
cost= 320
for (0,2)
cost= 400
for (1.5,1.5)
cost= 540
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours
Answer:
Please see attached.
Explanation:
a. Calculate earnings per share EPS under each of the three economic scenarios
a.2 Calculate the percentage changes in earnings per share EPS for economic expansion, or recession.
b-i calculate economic per share EPS, under each of the three economic scenarios after recapitalisation.
b-2 calculate the percentage changes in EPS when the economy enters or expand a recession assuming no recapitalisation occurred.
Please find attached detailed solution to the above questions.
Answer: In a free-enterprise system,
There are few limits on the use of private property.
Consumers make all of their economic choices.
Producers make all of their economic choices
<h3>a. There are few limits on the use of private property: </h3>
In a free enterprise system the holders of private property are free to buy and sell property. The government doesn't impose restrictions on such transactions.
<h3>b.
Consumers make all of their economic choices. Producers make all of their economic choices.</h3>
In a free enterprise system, the producers set the price they want to charge for their product. Similarly, the consumers decide what they want to pay for the product. Hence the prices of commodities and the quantities supplied are decided by the market forces of demand and supply.
Answer: The answer has been attached.
Explanation:
The journal is an accounting book that is used to record the transactions that take place in a business.
The entry to retire the bonds have been recorded. It should be noted that the bonds payable and the premium on
the bonds payable are debited while
the gain on the retirement of bonds and cash was credited.
Kindly, check attached file.
Advantages that can be associated with Budgeting are:
forcing managers to think about and plan for the future
- promoting cooperation and coordination among different areas within the organization
- providing benchmarks for evaluating performance
- providing lead time to solve potential problems.
- Budgeting can be regarded as a process involving a creation of a plan to spend your money.
- It helps the manager think about the future in terms of our finance and give a benchmarks for evaluating performance.
Therefore, Budgeting helps in how to spend our money.
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