A company produces three types of pencil holders: basic, deluxe, and supreme. All types require plastic,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A company produces three types of pencil holders: basic, deluxe, and supreme. All types require plastic, rubber, and silver as shown below: Туре Basic Deluxe Supreme Plastic Rubber 1 2 2 2 Number of Basic pencil holders = The company has 1000 units of plastic, 1200 units of rubber, and 2400 units of silver. It makes a profit of $7, $8, and $4 respectively on basic, deluxe, and supreme pencil holders. Assuming that all pencil holders which are manufactured can be sold, determine the number of each type of pencil holder the company should produce to maximize its profit. Number of Deluxe pencil holders = 1 Number of Supreme pencil holders = Silver 2 4 (1 point) A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 40 people in the "Gen X" market, and 40 people in the "millennials" market. Every dollar spent on newspaper advertising will reach 60 people in the "Gen X" market, and 20 people in the "millennials" market. If the store wants to reach at least 59,000 people in the "Gen X" market and 80,000 people in the "millennials" market, how much should it spend on each type of advertising to minimize the cost? Minimum amount spent on advertising (in dollars): Dollars spent on radio advertising: Dollars spent on newspaper advertising: A company produces three types of pencil holders: basic, deluxe, and supreme. All types require plastic, rubber, and silver as shown below: Туре Basic Deluxe Supreme Plastic Rubber 1 2 2 2 Number of Basic pencil holders = The company has 1000 units of plastic, 1200 units of rubber, and 2400 units of silver. It makes a profit of $7, $8, and $4 respectively on basic, deluxe, and supreme pencil holders. Assuming that all pencil holders which are manufactured can be sold, determine the number of each type of pencil holder the company should produce to maximize its profit. Number of Deluxe pencil holders = 1 Number of Supreme pencil holders = Silver 2 4 (1 point) A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 40 people in the "Gen X" market, and 40 people in the "millennials" market. Every dollar spent on newspaper advertising will reach 60 people in the "Gen X" market, and 20 people in the "millennials" market. If the store wants to reach at least 59,000 people in the "Gen X" market and 80,000 people in the "millennials" market, how much should it spend on each type of advertising to minimize the cost? Minimum amount spent on advertising (in dollars): Dollars spent on radio advertising: Dollars spent on newspaper advertising:
Expert Answer:
Related Book For
Managerial Accounting
ISBN: 9781260193275
12th Canadian Edition
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
Posted Date:
Students also viewed these mathematics questions
-
Following bar graph shows working days of five people to complete the work. P and Q starts working together and after 3 days, both of them left the work. Then in how many days the remaining work will...
-
Olde World Windows and Doors is a manufacturer of steel windows and doors for both residential and commercial applications. The following problems are decisions that senior management faces in...
-
The Growall Fertilizer Company produces three types of fertilizerSupergro, Dynaplant, and Soilsaver. The company has the capacity to produce a maximum of 2,000 tons of fertilizer in a week. It costs...
-
A trader depreciates his vehicles at 40% per annum using the reducing balance method, with proportionate depreciation in the year of acquisition. In addition to vehicles acquired on 1 July 2010 for...
-
A light beam with a wavelength of 600 nm in air passes through film 1 (n1 = 1.2) of thickness 1.0m, then through film 2 (air) of thickness 1.5 pm, and finally through film 3 (n3 = 1.8) of thickness...
-
Calculate the second and third virial coefficients of a gas which obeys van der Waal's equation of state.
-
Source Today earned net income of \(\$ 60,000\) after deducting depreciation of \(\$ 4,000\) and all other expenses. Current assets decreased by \(\$ 3,000\), and current liabilities increased by...
-
A municipality expects to use a landfill evenly throughout the 25 years from January 1, 2017, to December 31, 2041. Upon closing the landfill it estimates that it will incur closing costs of...
-
1. Write the estimated equations for both models (the equation of the line for model1 and model2. (50 points) 2. Does the variable "cyl" explain well the variability in "mpg"? explain why. (25points)...
-
a. Create a spreadsheet model for this problem and solve it. What is the optimal solution? b. If Rick wanted to improve this solution, what additional resources would be needed and where would they...
-
Kirchhoff?s Rules: Three currents have been labeled in the circuit below. Using these, determine the following: a) A relationship between these three currents [junction rule] b) 3 expressions,...
-
Find the critical points of the function f(x, y) = 2x-3xy - 12x - 3y and determine their type i.e. local min/local max/saddle point. Are there any global min/max?
-
To improve the safety margin of the slope, a rock bolt is applied at 90 angle to the slip surface as shown in Case (b). Determine the bolt tension required to give a factor of safety of 1.5 (Ignore...
-
How can you determine the cost of digital currency in a crypto currency system that uses blockchaining?(1) What is blockchain?; (3) What are the costs in creating crypto currency? (3) What happens to...
-
A local gym is installing new rubber flooring in a room that measures 21 yards by 16 yards. The rubber flooring is sold by the square foot. How much rubber flooring does the gym need? Write your...
-
Should financial statement disclosures requirements be greater? What are the pros and cons for the increased financial information being disclosed by public companies on their company\'s Internet...
-
a. Insert the values 29, 3, 17, 9, 48, 26, 1, 42, and 5 into an initially empty binary search tree. The elements must be inserted in the given order. b. List the nodes of the above binary search tree...
-
Subprime loans have higher loss rates than many other types of loans. Explain why lenders offer subprime loans. Describe the characteristics of the typical borrower in a subprime consumer loan.
-
Using the degree of operating leverage that you computed in the previous question, what is the estimated percent increase in operating income of a 53 increase in sales? Oslo Company prepared the...
-
Describe a non-linear variable cost and give an example.
-
For what purposes might predictive analytics be used by managers?
-
Refer to Problem P3-46 Problem P3-46 The accounts of Marciano Services Ltd. at March 31, 2020, are listed in alphabetical order. 1. Use the Marciano Lid. data in problem P3-46A to prepare the...
-
The accounts of Marciano Services Ltd. at March 31, 2020, are listed in alphabetical order. Requirements 1. All adjustments have been journalized and posted, but the closing entries have not been...
-
Sundance Apartments Inc.'s unadjusted and adjusted trial balance at April 30, 2020, follow: Requirements 1. Make the adjusting entries that account for the differences between the two trial balances....
Study smarter with the SolutionInn App