1. A dealer wishes to purchase a number of fans and sewing machines. He has only 5760 ETB toinvest and has space for almost 20 items. A fan costs him 360 ETB and sewing machine 240 ETB.His expectation is that he can sell a fan at profit of 22 ETB and a sewing machine at a profit of18 ETB. Assuming that he can sell all the items that he can buy, how should he invest his moneyin order to maximize his profit. (Note: ETB - Ethiopian Birr)a. Formulate it as a linear programming problem (LPP)b. Use the graphical method to solve it.

Decision Variables: Suppose-X1 be the no. of fans to be purchased X2 be the no. of sewing machines…

Answered: 1. A dealer wishes to purchase a number…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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5. Suppose you are expecting your fourth child in six months and you need a bigger car. You have your eye on a used three-year-old minivan that currently costs approximately $10,000. You are concerned about the pricing and availability of this specific car in six months' time, but you won't have enough money to purchase the car until six months from today. a. How could you advertise in the newspaper for a forward contract with a counterparty that would eliminate your risk? b. Who would be willing to take the short position on your forward contract? (Who is the likely counterparty?)
A company purchased an item that is in the 7-year property class and has a cost basis of $12000. If the company purchased the item in a year that allowed 50% bonus depreciation, how much would the company be allowed to depreciate the asset in year 1 if the balance of the asset basis (after the bonus depreciation is deducted) was depreciated using the MACRS? Report your answer to the nearest dollar. Be sure to include in your answer the sum of both the bonus depreciation and the MACRS depreciation.
3
A new housing development has lots of packed earth and weeds, but no grass. Two neighbors make a wager on who will be the first to have a lush lawn. Mr. Furious knows that a lawn will not grow without grass seed, so he immediately buys the most expensive seed he can find because everyone knows that quality improves with price. Besides, he will recover the cost of the seed through his wager. Next, he stands knee deep in his weeds and tosses the seed around his yard. Confident that he has a headstart on his neighbor, who is not making much visible progress, he begins his next project. Ms. Slo N. Steady, having grown up in the country, proceeds to clear the lot, till the soil, and even alter the slope of the terrain to provide better drainage. She checks the soil’s pH, applies weed killer and fertilizer, and then distributes the grass seed evenly with a spreader. She applies a mulch cover and waters the lawn appropriately. She finishes several days after her neighbor, who asks if she…
90 Questions remaining Before going on vacation, your insured trades in his outboard boat, motor and trailer for new, more exper sve models without your knowledge. When he returns, six weeks later, he advises you of the transaction and at the same time reports riking a rock with the motor while he was away, which cost $1,000 to repair. His Homeowners policy contains a "Watert caft, Outboard Motor. Trailer and Miscellaneous Equipment" rider. What would be your response? A) You will report the change to the insurer, assure him the policy covers the loss and ask him to submit the repair bill. OB) The policy does not cover the loss since he did not report the new acquisition within 30 days. OC) The policy will cover only the proportion that the value of the equipment trade bears to the value of the new equipment. OD) since he had not paid the extra premium for the higher valued equipment, the policy will not cover
If the contract annual interest rate on a $2,880,000 fixed rate loan that is fully amortizing over 20 years with equal monthly payments is 6.25%, what is the effective yield to the lender if the lender charges 1.5% as an origination fee, $288 for a credit report and $3,080 for an appraisal fee and the loan is repaid after ten years? a. 6.25% b. 6.51% c. 6.46% d. 6.49%
1. At a local Bed and Bath Superstore, the manager knows her customers will pay no more than $390 for a bedspread. The company wants a 40% markup on selling price. What is the most that the company can pay for a bedspread to realize the required markup?
A loan of 200,000 is to be repaid with level monthly payments based on a 30 -year amort zation schedule. At the end of 7 years, The loan will be paid off with a balloon payment. The annual effective interest rate is 7%. Calculate the amount of the balloon payment. ◻ 181,677 181,950 182,979 183,593 183,625
A manufacturing company faces an uncertain demand for its product at an average of 10,000 units per year. Selling price of the product is IDR. 1.500.000,-. The cost of holding per unit per year is estimated at ID. 350.000,-. Profit of the product is IDR. 300,000,- per unit. If the company could not meet the demand, then the profit will be lost. Ordering lead time is approximately 7 days, and the demand during lead time follows a uniform distribution of 30 to 200 units. a. Determine order quantity and reorder points to minimise the total cost b.Determine the review period and maximum inventory to minimise the total cost
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