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

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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.
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?
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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…
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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…

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