Mr. Tran has $24,300 to invest, some in bonds and the rest in stocks. He has...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Mr. Tran has $24,300 to invest, some in bonds and the rest in stocks. He has decided that the money invested in bonds must be at least twice as much as that in stocks. But the money invested in bonds must not be greater than $18,100. If the bonds earn 6%, and the stocks earn 9%, how much money should he invest in each to maximize his interest earned? a. Of the options below, give the number that represents • the correct set of variables ?. the correct objective function description ? • the correct set of constraint descriptions? . 1. the length of the life of the bonds 2. the amount of money available to invest and the restrictions imposed on each investment 3. the amount of money invested in bonds and stocks 4. total interest earned on the investments b. Letting a be the first of the variables listed in the problem statement, and y the second, write the objective function. Z= c, Graph the feasible region on paper, then list the corner points of the feasible region. (Enter ordered pairs (x,y), separated by commas.) d. Test the corner points to find the optimum value of the objective function: . The "winning' corner point is t The optimum value of the objective function is Mr. Tran has $24,300 to invest, some in bonds and the rest in stocks. He has decided that the money invested in bonds must be at least twice as much as that in stocks. But the money invested in bonds must not be greater than $18,100. If the bonds earn 6%, and the stocks earn 9%, how much money should he invest in each to maximize his interest earned? a. Of the options below, give the number that represents • the correct set of variables ?. the correct objective function description ? • the correct set of constraint descriptions? . 1. the length of the life of the bonds 2. the amount of money available to invest and the restrictions imposed on each investment 3. the amount of money invested in bonds and stocks 4. total interest earned on the investments b. Letting a be the first of the variables listed in the problem statement, and y the second, write the objective function. Z= c, Graph the feasible region on paper, then list the corner points of the feasible region. (Enter ordered pairs (x,y), separated by commas.) d. Test the corner points to find the optimum value of the objective function: . The "winning' corner point is t The optimum value of the objective function is
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Mr. Tran has $34,000 to invest, some in bonds and the rest in stocks. He has decided that the money invested in bonds must be at least twice as much as that in stocks. But the money invested in bonds...
-
Ethernet frames must be at least 64 bytes long to ensure that the transmitter is still going in the event of a collision at the far end of the cable. Fast Ethernet has the same 64-byte minimum frame...
-
Give an alternative solution to Example 3 by letting y = sinh-1 x and then using Exercise 9 and Example 1(a) with replaced by y. Example 3 Let y - sinh-1 x. Then x = sinh y = ey - e-y/2 Example 1 (a)
-
Sheridan Inc. is a retailer operating in British Columbia. Sheridan uses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory: the...
-
Explain whether LP techniques can be used in each of the following economic settings. a. There are increasing returns to scale in production. b. The objective function and all constraints are linear,...
-
Suppose that the U.K. pound is trading at 1.82 U.S. dollars per U.K. pound and at this exchange rate purchasing power parity holds. The U.S. interest rate is 2 percent a year and the U.K. interest...
-
Identify the six different discovery devices. What is the purpose of each device?
-
Hamleys Toy Store is on Regent Street in London. It has a magic department near the main door. Suppose that management is considering dropping the magic department, which has consistently shown an...
-
Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, and fixed costs total $90,000. How many MP3 players must Cunningham sell to earn net income of $210,000?
-
Bradley, age 26, recently graduated from college. He had coverage earlier as a dependent under his father's group health insurance policy, which provided coverage for him to age 26. However, he has...
-
In the context of the forthcoming Brexit, many firms are planning to move their European Union regional headquarters from London, England to another European city within the European Union. For the...
-
\(\lambda_{1}\) and \(\lambda_{2} <0\left(\lambda_{1}, \lambda_{2} ight.\) : real and distinct \()\) a. Unstable node b. Saddle point c. Node d. Focus or spiral point e. Stable node
-
In subharmonic oscillations, the natural frequency \(\left(\omega_{n} ight)\) and the forcing frequency \((\omega)\) are related as a. \(\omega_{n}=\omega\) b. \(\omega_{n}=n \omega ; n=2,3,4,...
-
Fill in the Blank. \(E I \frac{\partial^{2} w}{\partial x^{2}}\) denotes the _____________ in a beam.
-
True or False. The time lag is important when measuring harmonic motion of frequency \(\omega\).
-
A machine shop floor is subjected to the following vibration due to electric motors running at different speeds: \[x(t)=20 \sin 4 \pi t+10 \sin 8 \pi t+5 \sin 12 \pi t \mathrm{~mm}\] If a vibrometer...
-
The current market size of the addressable market is INR 500 crores of Gross merchandise value (@ MRP) of goods sold. And this market is expected to grow at 3% per annum for next 10 years. The...
-
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
-
The financial success of the Downhill Ski Resort in the Blue Ridge Mountains is dependent on the amount of snowfall during the winter months. If the snowfall averages more than 40 inches, the resort...
-
Eyewitness News is shown on channel 5 Monday through Friday evenings from 5:00 P.M. to 6:00 P.M. During the hour-long broadcast, 18 minutes are allocated to commercials. The remaining 42 minutes of...
-
A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours, and assembly line 2 has 42 available hours. Each product requires 10 hours of...
-
The following case deals with the problem of measuring the DTA and the related valuation allowance for year 4. The assumptions are as follows: Required Measure the deferred tax accounts and any...
-
The assumptions are as follows: The company has \($3,176\) of taxable income and \($100\) of tax credits for the current year. The \($84\) DTA for \($400\) of operating loss carryforwards was...
-
The following case deals with the recognition of a DTA, a DTL, and the determination of whether a valuation allowance is needed. The basic assumptions and facts are as follows: Required Complete the...
Study smarter with the SolutionInn App