1) The Primo Insurance Company is introducing two new product lines:special risk insurance and mortgages. The expected profit is $5 per unit onspecial risk insurance and $2 per unit on mortgages. Management wishesto establish sales quotas for the new product lines to maximize totalexpected profit. The work requirements are as follows:DepartmentUnderwritingAdministrationClaimsWork-Hours per UnitSpecial Risk Mortgage230210Work-HoursAvailable2,4008001, 200REQUIREMENTS:a) Formulate a linear programming model for this problem.b) Use the simplex method to obtain the optimum solution.

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Answered: 1) The Primo Insurance Company is…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The cash inflows and (outflows) associated with a project are as follows: USD Dollars $ At start (120,000.00) Year 1 40,000 Year 2 50,000 Year 3 60,000 Residual value of project at the end of 3 years. 20,000 Calculate the pay back period. a.2 years and 3 months b.3 years c.2 years and 6 months d.2 years
In 2011, the united states government was facing a $1.5 trillion federal budget deficit. Numerous cuts were proposed, including cutting federal funding of the Corporation for Public broadcasting (CPB). The western reserve public media website argued against the cuts, saying: public television is America's largest classroom, ...all at the cost of about $1.35 per person per year.... Eliminating the...investment in CPB would only reduce the $1.5trillion federal budget deficit by less than 3 ten-thousandths of one percent, but it would have a devastating impact on local communities nationwide. Use the information in the first paragraph to estimate annual federal spending on public broadcasting.
For the past two years, Monroe Corporation’s statement of cash flows has shown net cash provided by investing activities. Which of the following choices could explain this result? (a) Collection of accounts receivable balances (b) Sales of factory equipment (c) Receipt of cash dividends from investments in other company’s stock (d) Issuance of long-term debt
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On the basis of how long he has until retirement and his comfort with investment risk, Connor has decided that he wants to allocate the money in his retirement account as follows: 70% to equities, 15% to fixed income, and 15% to cash. If Connor assumes that each asset class provides the low end of the rates of return shown in the table below, what overall rate of return would he expect to earn over the long term? Asset Class Degree of Risk Historical Average Rate of Return Equities High 8% - 12% Fixed Income Moderate 4% - 7% Cash Minimal 2% - 5% Group of answer choices 4.34% 6.50% 1.43% 7.25%
Johnson Controls' annual requirement for a part is 260,000 units. Other given information includes: Order cost: $120 per order Inventory holding rate: 12% Part cost: $2,500 per unit. What are the (a) EOQ and (b) annual total inventory cost? Please show the detailed steps of your calculation to get credit. You can either enter your answer in the text box or upload an image of your answer (on a paper) by clicking Insert Tab-Document-Upload Document.
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Steven and Donna have been married for 35 years. Both are in great health, but they feel it is time that they start planning for their future health needs. Steven is 60 years old, and Donna is 61 years old. They have been approached by a long-term care insurance salesperson who is offering the following insurance product: . . . . Annual maximum benefit: $67,200 or 80% of annual cost, whichever is less. Daily maximum benefit: $187 or 80% of daily cost, whichever is less. Billing cycle: 360 days. Premium for policy with 180-day elimination period: $3,248. Premium for policy with 90-day elimination period: $3,696. Premium for policy with 30-day elimination period: $4,256. Steven and Donna are interested in possibly purchasing one of these policies. Use the following information to help them analyze which policy may be the best alternative, The current annual cost of a good nursing care facility in their area is $91,440, They have $28,000 saved in a money market savings account, $11,200 in…
3. Aquasystem performed a make/buy analysis to for making a new water filters. The filter sells for $50 that will require equipment that will cost $200,000 and $25,000 annual operating cost comprise the fixed cost. The variable cost is $20 per filter. The equipment has a 5 year life, no salvage value, and the MARR is 6% per year. The decision to make the filter was based on breakeven point and the historical sales level of 500 filter per year. a. Determine the breakeven point b. An engineer investigated that a supplier can make the filter for $30 each. Determine whether Aquasystem should make or buy the filters.

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