Answered: d it yields 50oz of bronze and…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 4PB: Banyan Industries has two divisions, a tax rate of 30%, and a minimum rate of return of 20%....

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The Perth Mining Co. operates 2 mines for the purpose of extricating bronze and platinum. The Saddle Mine costs $14,000/day to operate, and it yields 50oz of bronze and 3,000ozof platinum each day. The Horseshoe Mine costs $16,000/day to operate, and ityields 75ozof bronze and 1,000oz of platinum each day. Company management has set a target of at least 650oz of bronze and 18,000oz of platinum. How many days should each mine be operated so that the target can be met at a minimum cost? What is the minimum cost?

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