Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains 2 units of protein, 1 unit of carbohydrates, and 2 units of fat and costs 80 cents. Each can of brand B contains 1 unit of protein, 1 unit of carbohydrates, and 4 units of fat and costs 70 cents. Mr. Smith feels that each day his dog should have at least 8 units of protein, 7 units of carbohydrates, and 24 units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least cost?
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- Monique has a flock of six chickens in her backyard that she initially bought for $6 each. Theflock currently lays 20 eggs per week, which Monique and her family consume at home, andher current cost of feed is $2 per week. Monique has a job that pays $8/hour with flexiblehours, but she is thinking of selling her chickens’ eggs to earn extra income. To start sellingeggs, she would need to increase production to 30 eggs per week. She can do this by increasingthe chickens’ feed to $3 per week and taking an hour off work each week to devote to chickenrearing. If the market price of her farm-fresh eggs is $1 per egg, what would be Monique’sweekly economic profits from selling her chickens’ eggs? (Select one.)(a) −$9: This is her revenue minus her accounting cost.(b) −$1: This is her revenue minus her production cost.(c) $0: Eggs are a constant-cost market so producers must earn 0 profits.(d) $1: This is her revenue minus her economic cost.(e) $7: This is her revenue minus her accounting…Dekentra sells boxes of note cards imprinted with her sketches of bird life along the South Carolina coast. If it costs $625 to produce 75 box of cards and she wants to earn a profit of at least $2,000, what should she charge per box?You decide to build a shelter to protect you from the tropical rainstorms. This will require 90 logs in inventory. Trade with Friday until you can achieve an inventory of 90 logs. Remember you still need to collect 2000 fish calories and 32 logs for a fire to survive the night and Friday will only trade if he is made better off than he would have been on his own.
- Alice needs 8 1/4 teaspoons of butter to bake a cake. She has a stick of butter (that is 4.5 tablespoons) left from her previous recipe. If a stick of butter cost 33, how much does she need to buy the remaining butter?One of Natalie’s friends, Curtis Lesperance, runs a coffee shop where he sells specialty coffees and prepares and sells muffins and cookies. He is eager to buy one of Natalie’s fine European mixers, which would enable him to make larger batches of muffins and cookies. However, Curtis cannot afford to pay for the mixer for at least 30 days. He asks Natalie if she would be willing to sell him the mixer on credit. Natalie comes to you for advice. She asks you to address the questions below. Curtis has given me a set of his most recent financial statements. What calculations should I do with the data from these statements, and what questions should I ask him after I have analyzed the statements? How will this information help me decide if I should extend credit to Curtis? Is there an alternative other than extending credit to Curtis for 30 days? I am thinking seriously about being able to have my customers use credit cards. What are some of the advantages and disadvantages of letting my…Your friend, Julia, owns a corner store in your neighborhood. She purchases fresh milk from a nearby farm and sells them in her store. Cost of the milk is $5 per case, and each case can be sold for $6 per case. Since the milk does not go through rigorous treatment, it should be sold within a week. Any milk that is not sold during the week can be sold back to the farm for $2 per case. Based on the historical, she identified the following probability distribution of the demand. Weekly Demand (cases) Probability 16 0.05 17 0.15 18 0.35 19 0.25 20 0.2 One of the reasons why people come to her store is the availability of fresh milk, and those customers typically make other purchases along with fresh milk. She believes there will be a loss of such sales if she is not able to have enough fresh milk in the store, and estimates this loss to be $2 per case. Julia needs some help to determine how many cases of fresh milk she needs to order for the coming…
- Jason owns a fish shop where he sells an exotic variety of tuna fish which he imports from Japan.Jason refrigerates the fish in a cold storage facility near his shop that charges him a fixed annual fee of $1000 and variable charge of $5 per day for each fish container that is stored.Every morning, Jason brings fish from the cold storage to his shop for sale. Jason estimates that he incurs $10,000 electricity cost each year on refrigerating the fish inside his own shop.Jason incurs the following ordering costs:Delivery charges of $10,000 per deliveryImport duties of $300 per cartonCustom fees of $200 per orderImport license fee of $150 per annumJason currently imports fish by placing one order of 20 cartons every month. Each carton costs $2,000.Jason is wondering if he can save inventory costs by adopting EOQ model.a) Calculate the current annual total inventory costsb) Calculate the economic order quantityc) Calculate the annual total inventory costs if EOQ is usedAfter taking business classes, Jake, an avid dog-lover, decided to start selling unique pet supplies at trade shows. He has two products: Product 1: "Launch-it"- a tennis ball thrower that will sell for $11. Product 2: "Treat-time"- an automatic treat dispenser that releases a treat when the dog places his paw on the pedal. The treat dispenser will sell for $33. Costs: Jake has hired an employee to work the trade show booths. The work contract is $1,000 per month plus a commission equal to 12% of sales revenue. Jake will also spend $450 per month on trade-show entry fees. Jake is purchasing the products from a supplier in Mexico. Launch-its cost $2 each; Treat-times cost $7.5 each. Shipping and handling on the Launch-its will cost $2 each; Shipping and handling on the Treat-times, which are heavier, will cost $7 each. The shipping and handling costs will be paid by Jake, not the customer. Assume Jake expects to sell 220 Launch-its and 130 Treat-times…13. Mahal is the owner of Muning Meow Meow Day Care, a pet-sitting service. Pet owners bring their cats to Mahal's facility in Kamuning, Quezon City, where they are either given private accommodations or are put in a large pen with other cats. (Private accommodations are more expensive.) Mahal and her employees feed the cats twice a day; those cats in private accommodations are also given two exercise periods per day. Owners pay half the daily fee at the start of the day, and the other half when they pick up the dog at the end of the day; owners must also certify that their cats have had all required vaccinations. As Mahal's company is a day care service, no cats stay the night in her facility. Mahal accepts cash, checks, Gcash, Paymaya, and major credit cards in payment. Mahal is interested in developing a comprehensive internal control plan for Muning Meow Meow Day Care; she has approached you, as a consultant, for assistance. Which of the following group of concepts related to…
- Last week Santiago found a new pair of red Nike Air Soles in the parking lot. He had just paid $120 to buy a pair of blue Nike Air Soles a few days earlier. A friend offers $80 to buy the pair of red Air Soles. Santiago says no and decides to keep both pairs for himself. The opportunity cost of this decision is how muchLou buys bottles of water from the grocery store, but is now considering the environmental ramifications of the waste. He is considering getting a water filtration system in his home, but it will cost $1.000, which would mean he would take out a small loan at 7% interest for one year. If bottled water costs $7 a week, what would be the difference in the costs after one year?On day one, you gave a gift certificate from Chewy to your dog trainer. You paid $75 for the gift certificate. Chewy’s experience is that, on average, 10 percent of the value of a gift certificate is not redeemed (i.e. 90% is redeemed). On day 20, your dog trainer used the certificate to purchase $40 of dog toys from Chewy. How much revenue should Chewy recognize on day one and day 20: Group of answer choices $67.50 on day one and $7.50 on day 20. $75 on day one. Zero on day one and $40 on day 20. Zero on day one and $44.44 on day 20. Zero on day one and $67.50 on day 20.