Each coffee table produced by Kevin Watson Designers nets the firm a profit of $8. Each bookcase yields a $12 profit. Watson's firm is small and its resources limited. During any given production period (of 1 week), 8 gallons of varnish and 12 lengths of high-quality redwood are available. Each coffee table requires approximately 1 gallon of varnish and 1 length of redwood. Each bookcase takes 1 gallon of varnish and 2 lengths of wood.
The aim of the objective function for Kevin should be to Maximize the objective value.
The optimum solution is:
Number of coffee tables produced per week = ____ (round your response to two decimal places).
Number of bookcases produced per week = _____ (round your response to two decimal places).
Optimal solution value = _____ (round your response to two decimal places).
Answers
Number of coffee tables produced per week = 8 (rounded to two decimal places)
Number of bookcases produced per week = 2 (rounded to two decimal places)
Optimal solution value = $56 (rounded to two decimal places)
To find the optimal solution, we need to determine the maximum profit that can be obtained within the given resource constraints. Let's denote the number of coffee tables produced per week as x and the number of bookcases produced per week as y.
We can set up the following equations based on the resource constraints:
1x + 1y ≤ 8 (varnish constraint)
1x + 2y ≤ 12 (redwood constraint)
We also need to consider the objective function, which is to maximize the profit:
Profit = 8x + 12y
By solving these equations and maximizing the profit function, we find that the optimal solution is:
Number of coffee tables produced per week = 8
Number of bookcases produced per week = 2
Optimal solution value = $56
This means that Kevin should produce 8 coffee tables and 2 bookcases per week to maximize the profit, and the maximum profit he can achieve is $56.
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Related Questions
After Ned bought a Dell desktop computer, he felt uneasy and sought out information from magazines and friends that was favorable to Dell and unfavorable to HP or Apple. Ned was probably trying to
Answers
Ned was likely engaging in confirmation bias, a cognitive bias that involves seeking out and interpreting information in a way that confirms preexisting beliefs or opinions.
By seeking out information that was favorable to Dell and unfavorable to HP or Apple, Ned was likely trying to reinforce his decision to purchase the Dell computer and alleviate any feelings of doubt or unease he may have had.
Confirmation bias can be problematic because it can lead to a lack of objectivity and prevent individuals from considering alternative perspectives or information that contradicts their existing beliefs.
It can also reinforce stereotypes and perpetuate misinformation. To counteract confirmation bias, individuals can strive to be more open-minded and actively seek out diverse perspectives and information that challenges their beliefs.
It can also be helpful to engage in critical thinking and evaluate sources of information for their credibility and biases.
In summary, Ned was likely engaging in confirmation bias by seeking out information that confirmed his preexisting beliefs about Dell.
Confirmation bias can be problematic because it can lead to a lack of objectivity and prevent individuals from considering alternative perspectives or information that contradicts their existing beliefs.
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if the marginal propensity to consume is 0.5 and disposable income decreases by $10,000, by how much will consumption spending decrease? $10,000 $500 $50 $5,000 $9,524
Answers
If the marginal propensity to consume is 0.5 and disposable income increases by $10,000, consumption spending will increase.
How do you calculate a person's marginal propensity to save in regards to their available funds?MPS is most frequently used in Keynesian economics. It is simply computed by dividing the observed change in savings by the identified change in income: MPS = ΔS/ΔY. The following formula is employed to calculate consumption: autonomy + marginal inclination to consume - funds available. This economic model implies that people are spending and saving more money. A measure of how much more people will spend for every dollar they earn more is called the marginal propensity to consume (MPC). Here is an MPC equation.
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When banks have less money in required reserves they lend more money out to people and business. So Lower reserves usually help do what to the economy?
Answers
Answer:
Lower reserves increase the money supply in the economy.
Banks can either keep deposits in reserves or give them out as loans.
the lower the reserve ratio, the higher the money multiplier and the higher the money supply.
Lowering the reserves can be a form of expansionary monetary policy
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = 1 / reserve requirement
Increase in value of total deposit = amount deposited / reserve requirement
Assume 100 is deposited in a bank and the reserve requirement is 10%
Increase in value of total deposit = 100 / 0.1 = 1000
Imagine that the reserve is reduced to 5%
Increase in value of total deposit = 100 / 0.05 = 2000
reducing the reserve requirement increased the value of total deposit and thus the money supply in the economy
Which of the following is true about bonds?
A. The bond rating being changed from BBB+ to B would result in a lower required yield
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government
C. Interest from mortgage bonds are not taxed by the Federal Government.
D. Spread to treasuries measures the difference between the coupon rate paid by a bond and the coupon rate paid by risk free security with the comparable maturity
E. Only bonds issued in the primary market are subject to prepayment risk
Answers
Answer:
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A municipal bond can be defined as a type of bond that is typically issued by a municipality, county, local government or state in order to finance or sponsor capital expenditures for the public such as water supply, construction of roads, etc.
Hence, the primary advantage to municipal bonds is that interest income received on this type of bond is not taxed by the federal government.
A business analyzes what competitors are charging for products.
Answers
When a business analyzes what the competitors are charging for their products, it is known as the process of marketing info management.
What is the significance of business competitors?A business competitor can be referred to or considered as an organization that deals in the same product that is offered for sale by other enterprises in the same market.
It is important for a business to keep an eye on the acts of its competitors, as it helps them in keeping themselves updated with marketing info management.
Therefore, the significance regarding the business competitors has been aforementioned.
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2. The first draft of the project charter is as follows:
Project Manager
Project Sponsor
Start Date
Project Mission
PROJECT CHARTER
Annual Clothing Drive
Talar Adams
Activities Committee
April 21
Deliver clothes to local shelters
a. Does this charter contain enough information for Talar to get started? Why or why
not?
Answers
Answer:
The charter provides some basic information about the project, such as the project manager, sponsor, start date, and mission. However, it does not provide enough details about the project's scope, objectives, budget, timeline, stakeholders, and risks. Talar needs more information to understand the project's requirements, constraints, and expectations. She also needs to define the project's deliverables, milestones, and success criteria. Without a clear and comprehensive project charter, Talar may face difficulties in planning, executing, and controlling the project, as well as communicating with stakeholders and managing their expectations. Therefore, Talar should revise the project charter to include all the necessary information and obtain approval from the project sponsor before proceeding with the project.
Within a diversified company a set of businesses that share identical or very similar strategies or strategic challenges is called a.
Answers
The set of businesses that share similar strategies within a diversified company is called a: strategic business unit.
What is a Strategic Business Unit?A strategic business unit can be defined as a sub-unit or independent department of a diversified, fully funtional organization with a specific target market, vision, mission, and objectives.
Good examples of a diversified company with strategic business units are LG, Proctor and Gamble, etc., which have different product categories.
Therefore, the set of businesses that share similar strategies within a diversified company is called a: strategic business unit.
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A bond is the issuer's written promise to pay the _____________ of the bond with interest. multiple choice Market value Par value Interest value
Answers
The blank space in the sentence should be filled with Market value.
What is a Bond?In all simplicity, a bond is loan from an investor to a borrower which may be a company or government. The borrower uses the money to fund its operations, and the investor receives interest on the investment. Additionally, it is noteworthy to know that the market value of a bond can change over time as bonds are a medium for store of value.
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How do you calculate gross taxable income?
Answers
Taxable Income = Gross Sales - Cost of Goods Sold - Operating Expense - Interest Expense - Tax Deduction/ Credit. Adding up all sources of income, excluding nontaxable items, and subtracting credits and deductions yields taxable income.
Other forms of compensation, such as fringe benefits and stock options, are included in addition to wages, salaries, commissions, fees, credits and tips. Your employer should provide you with a Form W-2, Wage and Taxable Statement, detailing the compensation you received for your services. Other forms credits of compensation, such as fringe benefits and stock options, are included in addition to wages, salaries, commissions, fees, and tips.
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What is one of the benefits related to economic equity?.
Answers
Answer:
Equity-enchancing policies,particularly such investment in human capital as education,can,in the long run,boost economic growth,which in turn has been shown to alleviate poverty....policies that promote equity can boost social cohesion and reduse political conflict.
Explanation:
hope it helps
Which of the follow is NOT a good place to gather and evaluate investment options?
a Social Media
b Newspapers and magazines
c Brokers and advisers
d Company financial reports
Answers
A cover letter accompanies_____?
A. a college application
B. the FAFSA
C. a letter of recommendation
D. a résumé
Answers
Answer:
B brainliest?
Explanation:
A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 each year. If the bonds are sold at par value, the issuer records the sale with a debit to.
Answers
In a situation were the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.
Journal entryBased on the information given if the company issues the amount of $100,000 of 5%, 10-year bonds in the month of january the appropriate journal entry to record this transaction is:
Debit Cash $100,000
Credit Bond payable $100,000
(To record bonds sold at par value)
Inconclusion the issuer will records the sale with a debit to: Cash $100,000.
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NEED ASAP
What are the steps for properly carrying an item
Answers
Answer:
Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.
Explanation:
Which of the following increases liabilities but not assets? a. Taking out a loan to buy a new car b. Taking out a loan to go on vacation c. Using a credit card to buy a computer d. Paying off a student loan Please select the best answer from the choices provided A B C D
Answers
Answer:
Taking out a loan to go on vacation
Explanation:
Liabilities are money owed to other people. They include debts, loans, or other obligations that a person or business is expected to pay. Taking up loans increases liabilities. A loan to expand a business either by increasing inventory or equipment add to both assets liabilities.
A vacation is not an asset. A loan to finance a vacation will only add to liabilities. Paying off a student loan reduces liabilities. Any debt to purchase a car or a computer increases assets and liabilities since the two are assets.
Answer:
taking out a loan on vacation
Explanation:
Joan is late for work every day. When confronted by her supervisor, she says it is because traffic is terrible on her commute. Her response shows a lack of
Answers
Joan's response shows a lack of accountability.Joan is late for work every day. When confronted by her supervisor, she says it is because traffic is terrible on her commute.
Accountability refers to taking responsibility for one's actions, decisions, and their consequences. When confronted by her supervisor about her tardiness, Joan shifts the blame to external factors, such as traffic. By doing so, she is not taking accountability for her own actions and is instead placing the blame on something outside of her control.
Taking accountability is an important aspect of personal and professional growth, as it allows individuals to learn from their mistakes and make changes to improve their performance. When individuals take accountability for their actions, they are also more likely to be trusted by their colleagues and superiors, as they demonstrate a willingness to take responsibility for their actions.
Overall, Joan's response shows a lack of accountability, which can have negative consequences on her performance and relationships in the workplace.
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8. Shelby owns a small gift shop in a tourist town in Devon. She has the following costs in the
month of May.
Rent £2,225
Wages £800
Salaries £1,500
Stock purchase £950
Calculate her total fixed costs. (don't forget to include £ sign. You do not need to write pence in
your answer
Answers
Answer:
£3,725
Explanation:
Fixed costs do not change throughout a financial period. They remain constant regardless of the level business output. A business must incur fixed costs as long as it remains open.
From the list provided, fixed costs are
Rent £2,225Salaries £,1,500Total fixed costs will be £2,225 +£,1,500
= £3,725
Which of the following is not an example of professional behavior
?
Answers
Analyzing Finance Workers' Qualities, Skills, and Abilities.
According to the video, what qualities, skills, and abilities do workers in this career cluster need? Check ALL that apply.
a. physical strength for working outdoors and traveling
b. communication skills for explaining complex concepts
c. leadership skills for persuading others to take action
d. the ability to inspire others
e. the ability to be unemotional about business
f. the ability to be comfortable in an office setting
Answers
The qualities, skills, and abilities which workers in this career cluster need are:
B. Communication skills for explaining complex conceptsE. The ability to be unemotional about business F. The ability to be comfortable in an office settingAccording to the given question, we are meant to show the abilities, skills which workers that were displayed on video needs to have if they are to thrive in their chosen profession.
As a result of this, we can see that the workers in this particular career cluster needs communication skills, emotional intelligence and ability to be comfortable in an office setting.
Therefore, the correct answers are options B, E and F
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Answer:
B.E.F
Explanation:
Explain in detail the short- and medium-run effects of the following event on consumption spending, employment, investment and interest levels, as well as aggregate output of Increased government spending in the energy, health and education sector.
Answers
Increased government spending in the energy, health, and education sector can have short- and medium-run effects on consumption spending, employment, investment and interest levels, as well as aggregate output.
In the short run, increased government spending in the energy, health, and education sector can have a positive effect on consumption spending. When the government invests in these sectors, it creates employment opportunities and income for workers in those industries. This, in turn, increases the overall purchasing power of individuals, leading to higher consumption spending on goods and services.
Additionally, increased government spending can have a direct impact on employment levels. As funds are allocated to the energy, health, and education sectors, it often requires hiring more workers, leading to job creation. This can help reduce unemployment rates and improve economic stability.
In terms of investment, increased government spending can stimulate private investment in related industries. For example, if the government invests in renewable energy, it may create incentives for private companies to invest in clean energy technologies or infrastructure. This can lead to additional investments, job creation, and economic growth.
The impact on interest levels can vary depending on the overall economic conditions and monetary policy. Increased government spending may put upward pressure on interest rates if it leads to higher demand for loans or if the government needs to borrow to finance the spending. However, the actual effect on interest rates will depend on various factors, including the actions of central banks and the overall state of the economy.
In the medium run, the increased government spending in the energy, health, and education sector can contribute to the growth of aggregate output. Investments in these sectors can lead to improvements in productivity, innovation, and infrastructure, which can positively impact the overall economic performance. Higher aggregate output can result in increased employment opportunities, higher incomes, and improved living standards.
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The mortgage bankers and real estate companies who helped create the financial crisis of 2008 were driven by.
Answers
A majority of the mortgage bankers and real estate companies who were influential in the creation of the financial crisis in the year 2008 were driven by affordable housing for the United States' people.
What is the significance of 2008 financial crisis?The financial crisis of 2008, which lasted until early 2009, was caused by the luring the schemes of affordable housing for the US citizens by some of the biggest global mortgage bankers and real estate companies by coming in close collaborations.
The 2008 financial crisis was influential in complete destruction of global economic conditions. This was one of the first big level crises of the 21st century.
Hence, the causes of 2008 financial crisis are aforementioned.
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An individual reports the following capital transactions in the current year: Short-term capital gain $ 1,000 Short-term capital loss 11,000 Long-term capital gain 10,000 Long-term capital loss 6,000 What amount is deducted in arriving at adjusted gross income
Answers
Answer: $6000
Explanation:
The amount that is deducted in arriving at adjusted gross income will be calculated thus:
Short term capital gain = $1000
Less: Short term capital loss = $11000
Net short term loss = -$10000
Long term capital gain = $10000
Less: Long term capital loss = $6000
Net long term gain = $4000
Then, the amount that is deducted in arriving at adjusted gross income will be:
= $10000 - $4000 = $6000
which task is carried out by book keeping
Answers
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
when there is a market failure, intervening multiple choice question. will decrease total surplus. will make matters worse. can increase total surplus. will increase total revenue.
Answers
When there is a market failure, intervening can increase the total surplus.
In terms of economics, market failure refers to a scenario where there is an inefficient distribution of goods and services on the open market. In a market that functions optimally, supply and demand factors are balanced, and any changes to one side of the equation result in price changes that preserve the market's equilibrium. However, in a market failure, something disturbs this equilibrium. The individual motivations for rational behavior do not result in rational outcomes for the group when markets fail. To put it another way, each person chooses the best choice for themselves, but the group as a whole suffers as a result.
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calculate the percentage by mass of all the components element in sodium trioxonitrate(v)
Answers
Sodium =27.05
Nitrogen=16.47
Oxygen=56.46
If the stock market goes down during a recession, you should sell all of your investments to
minimize your losses.
True
False
Answers
Answer:
true
Explanation:
The Rigel Corporation has a plant located in Monterrey, Mexico to manufacture and ship products to Tacoma, WA. Transit time from Monterrey to Tacoma averages 8 days. Daily demand at the Tacoma facility is 3 units of the product from Monterrey The plant ships in full containers, each container has a maximum capacity of 27 components. Truck shipping from Monterrey is $9500 per container. Holding cost for the units while in-transit or as raw materials inventory is $2/unit/ day. Provide the total logistics costs for the current system assuming full containers. Days between Shipments Truck COST PER DAY Pipeline Stock COST PER DAY Inventory in Tacoma COST PER DAY Total COST PER DAY
Answers
The total logistics costs for the current system, assuming full containers, is approximately $1,071.56.
To calculate the total logistics costs for the current system, we need to consider the truck shipping cost and the holding cost for inventory.
Given information:
- Transit time from Monterrey to Tacoma: 8 days
- Daily demand at Tacoma facility: 3 units
- Maximum capacity of a container: 27 components
- Truck shipping cost per container: $9,500
- Holding cost for units/raw materials inventory: $2/unit/day
To calculate the total logistics costs, we need to determine the number of containers shipped, the number of days between shipments, and the inventory in Tacoma.
Number of containers shipped:
Since each container has a maximum capacity of 27 components and the daily demand at Tacoma is 3 units, we can calculate the number of containers required per shipment as:
Number of containers = Daily demand / Maximum capacity per container = 3 / 27 = 0.1111 (approximately)
Number of days between shipments:
Given that the transit time from Monterrey to Tacoma is 8 days, the number of days between shipments will be the transit time plus the number of days required to empty the container at Tacoma. Assuming the container is emptied on the first day of arrival, the number of days between shipments will be 8 + 1 = 9 days.
Truck shipping cost per day:
To calculate the truck shipping cost per day, we divide the truck shipping cost per container by the number of days between shipments:
Truck shipping cost per day = Truck shipping cost per container / Number of days between shipments = $9,500 / 9 = $1,055.56 (approximately)
Pipeline stock cost per day:
The pipeline stock refers to the inventory in transit. Since the transit time from Monterrey to Tacoma is 8 days, the pipeline stock cost per day will be the transit time multiplied by the holding cost per unit per day:
Pipeline stock cost per day = Transit time x Holding cost per unit per day = 8 x $2 = $16
Inventory in Tacoma:
To calculate the inventory in Tacoma, we multiply the daily demand by the number of days between shipments:
Inventory in Tacoma = Daily demand x Number of days between shipments = 3 x 9 = 27 units
Total logistics costs:
The total logistics costs can be calculated by adding the truck shipping cost per day and the pipeline stock cost per day:
Total logistics costs = Truck shipping cost per day + Pipeline stock cost per day = $1,055.56 + $16 = $1,071.56
Therefore, the total logistics costs for the current system, assuming full containers, is approximately $1,071.56.
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What are three career pathways in the marketing cluster? A. Marketing Research, Professional Sales, and Merchandising B. Culinary arts, Merchandising, and Professional Sales C. Cosmetology, Marketing Research, and Merchandising D. Investment, Professional Sales, and Marketing Research (Principles of Business Marketing and Finance)
Answers
Answer:
A
Explanation:
A Marketing Cluster contain jobs in the marketing field which require the similar skills or educational qualification. An individual that studies marketing can find employment in any of the clusters
Answer:
a
Explanation:
i was correct
camelia works in a department where there are only a few women. pictures of scantily clad women are posted in the employee breakroom. she is uncomfortable being in the breakroom, so she avoids the breakroom. she considers it a hostile environment. camelia is experiencing
Answers
Camelia Is experiencing Sexual Harassment.
Sexual Harassment basically means male dominance over female. This is done so to make women feel that they are less powerful than man. Most of the women in the society faces sexual harassment in whatever profession they are. It has become a very serious problem at workplace.
The department in which Camelia is working has hostile environment because a very less number of women are working here. Moreover, the employee breakroom had some pictures of women wearing very less clothes due to which Camelia felt sexual harassment. So, she avoids being in the breakroom and also she was not loving this environment.
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