Homework Help is Here – Start Your Trial Now!
Business
Finance
Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed. Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.) 2.) How much will you end up profiting? 3.) Which of the constraints are binding? What does the slack for each non-binding constraint represent?

Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed. Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.) 2.) How much will you end up profiting? 3.) Which of the constraints are binding? What does the slack for each non-binding constraint represent?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
See similar textbooks
icon
Related questions
Question

Answer the following questions using the Answer Report and the Sensitivity Report on the
following page. Support your answers with explanations and the work showed.
Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page.

1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.)
2.) How much will you end up profiting?
3.) Which of the constraints are binding? What does the slack for each non-binding constraint represent?

ANSWER REPORT Objective Cell (Max) Original Cell Name Value Final Value $F$5 Profit 4478.57 Variable Cells Original Cell Name Value Final Value Integer $B$3 Clocks 178.57 Contin $¢$3 Radios O Contin $D$3 Toasters 150 Contin Constraints Cell Name Cell Value Formula Status Slack SEST Budget Used 2000 ŞE$7<=$F$7 Binding Not $E$8 Labor Used 657.14 ŞE$8<=$F$8 Binding 2.86 Not ŞE$9 Clocks Demand Used 178.57 SE$9<=$F$9 Binding 21.43 $E$10 Radios Demand Used SE$11 Toasters Demand Used Not O SE$10<=$F$10 Binding 150 ŞE$11<-$F$11 Binding 300 SENSITIVITY REPORT Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$3 Clocks 178.57 15 1.8 1 $C$3 Radios -1.43 20 1.43 1E+30 $D$3 Toasters 150 12 1E+30 1.29 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price RH. Side Increase Decrease ŞE$7 Budget Used 2000 2.14 2000 1250 10 SE$8 Labor Used 657.14 660 1E+30 2.86 $E$9 Clocks Demand Used 178.57 200 1E+30 21.43 $E$10 Radios Demand Used 300 1E+30 300 SE$11 Toasters Demand Used 150 1.29 150 5 30
Transcribed Image Text:ANSWER REPORT Objective Cell (Max) Original Cell Name Value Final Value $F$5 Profit 4478.57 Variable Cells Original Cell Name Value Final Value Integer $B$3 Clocks 178.57 Contin $¢$3 Radios O Contin $D$3 Toasters 150 Contin Constraints Cell Name Cell Value Formula Status Slack SEST Budget Used 2000 ŞE$7<=$F$7 Binding Not $E$8 Labor Used 657.14 ŞE$8<=$F$8 Binding 2.86 Not ŞE$9 Clocks Demand Used 178.57 SE$9<=$F$9 Binding 21.43 $E$10 Radios Demand Used SE$11 Toasters Demand Used Not O SE$10<=$F$10 Binding 150 ŞE$11<-$F$11 Binding 300 SENSITIVITY REPORT Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$3 Clocks 178.57 15 1.8 1 $C$3 Radios -1.43 20 1.43 1E+30 $D$3 Toasters 150 12 1E+30 1.29 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price RH. Side Increase Decrease ŞE$7 Budget Used 2000 2.14 2000 1250 10 SE$8 Labor Used 657.14 660 1E+30 2.86 $E$9 Clocks Demand Used 178.57 200 1E+30 21.43 $E$10 Radios Demand Used 300 1E+30 300 SE$11 Toasters Demand Used 150 1.29 150 5 30
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Quality control
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS