Policy APolicy BA company is considering two insurance plans with coverage and premiums shown in the table. (For example,this means that $50 buys one unit of plan A, consisting of $10,000 fire and theft insurance and $180,000 ofliability insurance.) Answer parts a and b.$10,000$15,000Fire/TheftLiabilityPremium$180,000$120,000$50$40...a. The company needs at least $150,000 fire and theft insurance and at least $2,400,000 liability from these plans. How many units should be purchased from each plan to minimizethe cost of the premiums? What is the minimum premium?The company should purchase units of Policy A and 10 units of Policy B, for a premium of $ 8000

The decision variables are x and y if the constraints are ≥ then the feasible region is outside…

Answered: Policy A Policy B A 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

See similar textbooks

Similar questions

Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an annual basis, the first set of expenses is _______% of the second set of expenses. Vern buys fourlottery tickets each week at a cost of $5 each and spends $800 per year on his textbooks.
need answers please asap thank you
3. Investments Nui invests $10,000, received from her grandmother, in three ways. With one part, she buys mutual funds that offer a return of 6.5% per year. She uses the second part, which amounts to twice the first, to buy government bonds at 6% per year. She puts the rest in the bank at 5% annual interest. The first year her investments bring a return of $605. How much did she invest in each way?
You have been asked for help by your friends, Max and Minnie, both aged 30, whoare too busy with their jobs to be able to manage their personal finances effectively.Max is a road surface operative. He earns £27,970 a year. Minnie is a psychologist.She earns £65,970 a year.Each of them contribute £2,400 of their annual earnings to their workplace pensionscheme. The scheme is a “defined contribution” scheme, which invests theircontributions to build up a pot of assets, out of which they can draw a pension whenthey retire.Their employers match their contributions up to £2,400 per year, so each of them has£4,800 going into their pension pot each year.Their own pension contributions are deductible from their income before their incomeis charged to income tax. But neither their own pension contributions, nor any incometax, are deductible before the calculation of national insurance.The contributions of their employers do not count towards the income on which tax ornational insurance are…
Villalpando Winery wrts to rase $15 million from the sale of prefemed stack. It the winery warts to sel one milion shares of prefened stock, whut ama dvdend will it have to promise it investors demand a retum of a. 11%? b. 15%? d. 76? f. 3%? a Whut aw dividend will it have to promise it vestos demand a retun of 1N?
Imperial Jewelers manufactures and sells a gold bracelet for $405.00. The company's accounting system says that the unit product cost for this bracelet is $258.00 as shown below: Direct materials Direct labor Manufacturing overhead Unit product cost $ 144 83 31 $ 258 The members of a wedding party have approached Imperial Jewelers about buying 18 of these gold bracelets for the discounted price of $365.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $5. Imperial Jewelers would also have to buy a special tool for $463 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $6.00 of the overhead is variable…
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…
Imperial Jewelers manufactures and sells a gold bracelet for $408.00. The company’s accounting system says that the unit product cost for this bracelet is $259.00 as shown below: Direct materials $ 141 Direct labor 82 Manufacturing overhead 36 Unit product cost $ 259 The members of a wedding party have approached Imperial Jewelers about buying 29 of these gold bracelets for the discounted price of $368.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $12. Imperial Jewelers would also have to buy a special tool for $457 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $13.00 of the…

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS