not asking for help with the site, trying to use excel solver to answer the questions The owners of the appliance store want to spend up to $250,000 on buying newstock. They need to buy at least 100 of each appliance. The prices of buyingappliances and the profits derived from selling them are shown in the following table,along with the floor area the devices require when stacked in the warehouse.Area (m?)ApplianceClothes dryerCoffee machineRefrigeratorPriceProfit$200$211.2$300$280.2$600$460.9Stereo008$$860.5Washing machine$300$401.5Use the Excel Solver to answer the following questions.1) How many of each appliance should the store buy if they want to get themaximum profit when the appliances are sold?2) What will the profit be and how much floor area is required in the warehouse?ApplianceClothes dryerNumberCoffee machineRefrigeratorStereoWashing machineМaхimum profitFloor area (m)

1) Each appliance should the store buy to maximize profit is as follows: Resultant table:

The owners of the appliance store want to spend up to $250,000 on buying new stock. They need to buy at least 100 of each appliance. The prices of buying appliances and the profits derived from selling them are shown in the following table, along with the floor area the devices require when stacked in the warehouse. Area (m?) Appliance Clothes dryer Coffee machine Refrigerator Stereo Washing machine Price Profit $200 $21 1.2 $300 $28 0.2 $600 $46 0.9 $800 $86 0.5 $300 $40 1.5 Use the Excel Solver to answer the following questions. 1) How many of each appliance should the store buy if they want to get the maximum profit when the appliances are sold? 2) What will the profit be and how much floor area is required in the warehouse?

The owners of the appliance store want to spend up to $250,000 on buying new stock. They need to buy at least 100 of each appliance. The prices of buying appliances and the profits derived from selling them are shown in the following table, along with the floor area the devices require when stacked in the warehouse. Area (m?) Appliance Clothes dryer Coffee machine Refrigerator Stereo Washing machine Price Profit $200 $21 1.2 $300 $28 0.2 $600 $46 0.9 $800 $86 0.5 $300 $40 1.5 Use the Excel Solver to answer the following questions. 1) How many of each appliance should the store buy if they want to get the maximum profit when the appliances are sold? 2) What will the profit be and how much floor area is required in the warehouse?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!