Car Phones, Inc., sells two models of car telephones: model x and model y. Records show...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Car Phones, Inc., sells two models of car telephones: model x and model y. Records show that 3 hours of sales time are used for each model x phone that is sold, and 5 hours of sales time for each model y phone. A total of 600 hours of sales time is available for the next 4-week period. In addition, management planning policies call for minimum sales goals of 25 units for both model x and model y. a. Show the feasible region for the Car Phones, Inc., problem b. Assuming the company makes a $40 profit contribution for each model x sold and a $50 profit contribution for each model y sold, what is the optimal sales goal for the company for the next 4-week period? c. Develop a constraint and show the feasible region if management adds the restriction that Car Phones must sell at least as many model y phones as model x phones d. What is the new optimal solution if the constraint in part c is added to the problem? Car Phones, Inc., sells two models of car telephones: model x and model y. Records show that 3 hours of sales time are used for each model x phone that is sold, and 5 hours of sales time for each model y phone. A total of 600 hours of sales time is available for the next 4-week period. In addition, management planning policies call for minimum sales goals of 25 units for both model x and model y. a. Show the feasible region for the Car Phones, Inc., problem b. Assuming the company makes a $40 profit contribution for each model x sold and a $50 profit contribution for each model y sold, what is the optimal sales goal for the company for the next 4-week period? c. Develop a constraint and show the feasible region if management adds the restriction that Car Phones must sell at least as many model y phones as model x phones d. What is the new optimal solution if the constraint in part c is added to the problem?
Expert Answer:
Answer rating: 100% (QA)
AThe feasible region is shown in green color while the ... View the full answer
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
Posted Date:
Students also viewed these general management questions
-
What kind of measurement scales are used for each of the following variables in Ihno's study? (a) The gender of each student. (b) The undergraduate major of each student. (c) The number of math...
-
Summarize the revenue models which are used for each site by looking at the information for advertisers and affiliates.
-
Clovis Supply sells two models of saddles to retail outfittersbasic and custom. Basic saddles sell for $1,000 each and custom saddles sell for $1,500. The variable cost of a basic saddle is $600 and...
-
If the molecular weight of air is 28.9, what is the density of air at atmospheric pressure and a temperature of 328.2 K? 1 atm = 1.013 x 10 5 N/m, the mass of a proton is 1.67262 x 10 -27 kg,...
-
Avant Garde Imports is an importer of silver, brass, and furniture items from Mexico. Kay Jones is the general manager of Avant Garde Imports. Jones employs 2 other people in the business. Marco...
-
The insanity plea should be done away with; criminals should lose this easy way out. Killers can theoretically spend as little as six months in a mental hospital, then be released. It's time to take...
-
In December 2008, Jason Garcia signed a motor vehicle sales contract with Mac Haik Dodge Chrysler Jeep, a dealer. In the contract, Garcia agreed to purchase a 2009 Dodge Ram 1500. The contract...
-
(Entries for Zero-Interest-Bearing Notes) On January 1, 2011, McLean Company makes the two following acquisitions. 1. Purchases land having a fair market value of $300,000 by issuing a 5-year,...
-
Discuss the effects of all five major accounting assumptions on the accounting process
-
1. On July 15, the firm issued a check to deposit the federal income tax withheld and the FICA tax (both employee and employer shares for the third month [June]). Based on your computations in...
-
Corp sells tables and currently has sales of $25,000 Fixed costs of $2,000 Selling price of $20/unit CM ratio (%) of 20%. Also assume a 40% tax rate. Corp's net income (after taxes) will be 0 (zero)...
-
Discuss the view that the distinctive characteristics of business structures and institutions create the case for distinctively different accounting law and practice in Japan.
-
Compare the cost/performance ratio with and without this improvement. When processor designers consider a possible improvement to the processor datapath, the decision usually depends on the...
-
Determine the effect on short-run aggregate supply for each of the following events. Explain whether it represents a movement along the SRAS curve or a shi of the SRAS curve. a. A rise in the...
-
Discuss how the development of accounting regulation in China has reflected the growth of interaction with global economies.
-
If you or someone you know bought a new car recently, the odds are pretty good that it was manufactured by one of two Japanese companies, Toyota or Honda. Together, these companies account for about...
-
2. [This question is worth 3 points] Consider the series of cash flows shown in the figure below. Find the economic equivalence of this series (i.e. all of the individual cash flows) at the end of...
-
How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?
-
Chemco, Inc., manufactures two products out of a joint process: Compod and Ultrasene. The joint costs incurred are $750,000 for a standard production run that generates 120,000 gallons of Compod and...
-
Suggest an appropriate independent variable to use in predicting the costs of the following tasks. a. Handling materials at a loading dock. b. Registering vehicles at a county motor vehicle office....
-
Canandaigua Container Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production- engineering staff and...
-
Consider the following project information. The total budget is $36,000 and is expected to last six months. After four months, you have calculated the following information about the project: PV =...
-
Go to www.nu-solutions.com/downloads/earned_ value_lite.pdf and access the article by Q. W. Fleming and J. M. Koppelman, Earned Value Lite: Earned Value for the Masses. From your reading, summarize...
-
Type in the address www.massdot.state.ma.us/highway/TheBigDig.aspx and navigate through the Web site supporting the Boston Tunnel project. Evaluate the performance of this project using the model of...
Study smarter with the SolutionInn App