The Pinewood Cabinet and Furniture Company can maximize profits by producing 21 sofas, 100 tables, and no chairs per week, resulting in a maximum profit of $117,825.
The Pinewood Cabinet and Furniture Company aims to maximize profits by determining the quantity of each furniture type to produce per week. The resource requirements and availability are as follows:
RESOURCE REQUIREMENTS:
FURNITURE PRODUCT WOOD (LB) UPHOLSTERY (YD) LABOR (HOUR)
Sofa 7 12 9
Table 5 — 7
Chair 4 7 5
Total available resources:
Wood: 2250 LB
Upholstery: 1000 YD
Labor: 240 HOURS
Let x1 represent the number of sofas produced per week, x2 the number of tables, and x3 the number of chairs. The total profit to be maximized (P) can be calculated as follows:
P = 320x1 + 275x2 + 190x3
The resource constraints can be represented by the following equations:
Wood constraint: 7x1 + 5x2 + 4x3 ≤ 2250
Upholstery constraint: 12x1 + 7x3 ≤ 1000
Labor constraint: 9x1 + 7x2 + 5x3 ≤ 240
Storage constraint: 2x1 + x2 + x3 ≤ 500 (considering a sofa occupies twice as much space as a table or chair)
To solve this optimization problem, we can use the graphical method. By plotting the constraint equations in a three-dimensional coordinate system, we find the feasible region where x1, x2, and x3 satisfy all the constraints. The feasible region must be within the positive octant and enclosed by the five constraint planes.
The vertices of the feasible region, where the constraint planes intersect, are as follows:
V1 = (0, 142.86, 107.14)
V2 = (0, 200, 0)
V3 = (21.43, 100, 0)
V4 = (142.86, 0, 0)
Evaluating the objective function P at each vertex, we obtain the following profits:
P1 = 19000
P2 = 55000
P3 = 117825
P4 = 45760
Therefore, the maximum profit achievable is $117825, which can be obtained by producing 21 sofas, 100 tables, and no chairs. Additionally, any combination of furniture lying on the line segment between V1 and V3 can be produced using all available resources.
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Which one of the following is not a benefit of globalization?
a) Cheap labor
b) Low cost transport
c) Stringent business environment
d) Increased productivity
Answer:
c) Stringent business environment
Explanation:
While globalization brings various benefits such as cheap labor, low-cost transport, and increased productivity, it does not inherently impose a stringent business environment. The business environment can vary across different countries and regions, and globalization itself does not automatically result in a more stringent business environment.
Which consequences can victims of identity theft face? Check all that apply.
difficulty getting a loan or credit card
O an increase in debt
the loss of a job
difficulty keeping assets
O a loss of money
difficulty landing a new job
Answer:
difficulty landing a new job
the loss of a job
loss of money
increase in debt
Answer: an increase in debt
a loss of money
difficulty landing a new job
Explanation: did it
A job search should be treated like a full time job.
Please select the best answer from the choices provided
ОТ
OF
Answer:
The answer is True.
Explanation:
Got it correct on Edgen.
Answer:
true
Explanation:
A home improvement store has an assembled kids playset on display. There
are no signs waming parents not to let their kids play on it. When a child
climbs on the playset, it collapses and the child breaks her wrist. The playset
was not assembled properly for use because it was only for display. Is the
home improvement store negligent?
A. Yes. The store has a duty of care to provide a safe environment
and not assembling the playset correctly or putting up warning
signs is a breach of duty. The breach caused the playset to
collapse and resulted in harm to the child.
O B. Yes. Home improvement stores are held to a higher standard of
care than other stores because they sell some dangerous items.
Even though a reasonable person wouldn't climb the playset, the
store is still negligent.
O C. No. Home improvement stores do not have a duty to ensure the
safety of their customers because they sell some dangerous
items. Without duty to the customer, the store cannot be negligent.
OD. No. The store is not in violation of a breach of duty because
customers should know never to climb on or use anything on
display in a store. Without breach of duty, the store is not
negligent
Answer:
a. yes. the store has a duty of care to provide a safe environment and not assembling the playset correctly or putting up a sign is a breach of duty. and it resulted in harm.
Explanation:
a p e x
Which of the following is not an example of professional behavior
?
What are the types of partnership and examples of each?
Answer:
here you go
Explanation:
Types of partnerships
General partnership. A general partnership is the most basic form of partnership. ...Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...Limited liability partnership. ...Limited liability limited partnership
What is the cost of running the following schedule in Rolling
Stone magazine? 4th cover 12x
-$3,173,700
-$2,538,960
-$2,792,856
-$2,697,648
$2,697,648
The total cost of the ads is $-16,300,816, or $8,505,516.
the cost of running the following schedule in rolling stone magazine is $-8,505,516.
the prices for the ads are as follows:
* 4th cover 12x = $3,173,700 * 4th cover 12x = $2,538,960
* 4th cover 12x = $2,792,856 * 4th cover 12x = $2,697,648
* 4th cover 12x = $2,697,648
the total cost of the ads is $16,300,816. however, the negative sign in front of the prices indicates that the company is *receiving* money for the ads, not paying for them. to calculate the total cost, you can simply add up the prices of the ads. however, you need to be careful to take into account the negative sign in front of the prices. if you ignore the negative sign, you will calculate the total cost as $16,300,816, which is the total cost if the company were paying for the ads. however, since the company is receiving money for the ads, the total cost is actually $-16,300,816, or $8,505,516.
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PLEASE HELP! IN A TEST! A salesperson may sell from a distance except when it involves _____.
A. contacting people through email messages
B. contacting people who have opted
out of receiving sales messages
C. letting customers place orders on a company's website
D. contacting people through telemarketing
Answer:
b
Explanation:
A salesperson may sell from a distance except when it involves contacting people who have opted out of receiving sales messages. Thus option (b) is correct.
Who is a salesperson?A salesperson is a person who is employed by a company or organization to sell products or services to customers. The primary role of a salesperson is to identify potential customers, establish relationships with them, and persuade them to purchase the company's products or services.
They may use a range of techniques to sell, including advertising, direct marketing, and personal selling. Successful salespeople typically have strong communication, interpersonal, and negotiation skills, and are able to build trust and rapport with customers.
If a person has opted out of receiving sales messages, the salesperson is not allowed to contact them for marketing purposes. Therefore, option (b) is correct.
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What are the importance of training for all types of occupations?
Answer:
Hi
Explanation:
It helps to imvrove your skills in order to move forward and it also gives opportunities to know better something you want
Thank you
Suppose a European call option has a price 16.6994 today. The stock price is 100, strike is 90, risk free rate r is 5%, no dividend, and 1 year to expiration. Suppose the implied volatility is: σ(Κ) = 0.3*exp(-2(Κ/100 - 1)) Compute the price of a vanilla European put option P(S=100, K=90, T = 1, r = 0.05 )
The price of a vanilla European put option with a stock price of 100, strike price of 90, one year to expiration, and a risk-free rate of 5% is computed to be $5.841.
To compute the price of a vanilla European put option, we need to use the Black-Scholes formula, which takes into account the given parameters: stock price (S), strike price (K), time to expiration (T), risk-free rate (r), and implied volatility (σ).
Using the Black-Scholes formula, we can calculate the price of the put option as follows:
d1 = [ln(S/K) + (r + (σ^2)/2) * T] / (σ * sqrt(T))
d2 = d1 - σ * sqrt(T)
N(-d1) and N(-d2) represent the cumulative distribution functions of the standard normal distribution evaluated at -d1 and -d2, respectively.
The put option price (P) can be calculated using the formula:
P = K * exp(-r * T) * N(-d2) - S * N(-d1)
Substituting the given values into the formula:
S = 100, K = 90, T = 1, r = 0.05, and σ = σ(K) = 0.3 * exp(-2(K/100 - 1))
First, we calculate d1 and d2 using the formulas mentioned earlier. Then, we evaluate N(-d1) and N(-d2) using the standard normal distribution table or a statistical calculator.
Finally, we substitute the values into the put option formula to calculate the price of the put option:
P = 90 * exp(-0.05 * 1) * N(-d2) - 100 * N(-d1)
After performing the calculations, the price of the vanilla European put option is approximately $5.841.
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In two to three sentences, explain how you will address
each area of competition to help make your business
successful against this competitor.
To begin your plan, you will need to know about your
competition and decide how you will attempt to compete.
Your competitor is called Create Your Own Yogurt, and it
uses artificial flavors that customers use to create their
own yogurt
In the lesson, you learned about three techniques
businesses can use to compete with one another.
Explanation:
1. Since my competitor– 'Create your own yogurt' uses artificial flavors, I need to determine what those flavors are, and why they may be better than mine.
2. After noting the recipe used by my competitors, I will improve my own recipe using natural flavors which are medically advisable, while improving on branding and marketing efforts.
3. Price is usually going to be my greatest advantage over my competitor, followed by quality, and so I will consider a reduction in my yogurt prices, while striving at maintaining superior quality.
Answer:
sample response: First, I will focus on lowering prices. I will do this by making sure my costs to run the business are low, and I will start by running the shop myself. I will create a better product by using healthier, better ingredients to attract more customers. Finally, I will be innovative by offering ingredients that aren't sold anywhere else.
Explanation:
questions. question numbers (1.1.1 to 1.1.5) in the ANSWER BOOK, e.g. 1.1.10 C 1.1.1 A problem-solving technique where a team of experts are given ques to obtain their opinions without bringing them to the same place. A. Force-field 8. Empty chair C. Brainstorming D. Delphi 1.1.2... is aimed at facilitating change in the business. A. Force-Field technique B. Delphi technique C. Chair technique D. Empty chair technique 1.1.3 The... can be used as a form of non-verbal communication. A. Pie chart B. Informal conversations C. Indigenous knowledge D. Panel discussions 1.1.4. Which one of the following is a research instrument? A. Market research B. Nominal group technique C. Flyer D. Questionnaire 1.1.5.... is one of the of legal requirements that a business must comply with A. National Credit Act B. Size of the business C. Legal protection D. Number of owners required
The force-field analysis method in social science offers a framework for examining the variables (or "forces") that affect a situation, originally social circumstances. It examines factors that are either promoting movement toward a goal (helping factors) or impeding that advancement (hindering forces).
Hence, Delphi, Force-Field technique, Pie chart, Questionnaire, and Legal protection. These are the answers respectively.
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What are the major difference between a ditribution channel for a buine making tangible product and a firm producing hopitality and travel product
Distribution channel for making tangible products represents businesses which buyers pay for a good or a service.
What does a company that manufactures tangible goods use as a distribution channel?The Internet, retailers, wholesalers, and marketers are instances of distribution channels. The producer sells to the consumers directly through a direct distribution platform. Before the product reaches the end customer, there are several middlemen involved in indirect channels.
What differentiates the distribution channel from the sales channel?Businesses depend on sales channels, that are points of contact with their clients, to reach out them and supply a service or product. As many divergent routes the product can take to reach the final consumer can be seen in these distribution networks.
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f. Compose an essay that argues which health care system is better in terms of economics. Analyze the reasons for your determination by covering these points:
• scarcity and allocation of resources
• incentives
• role of the government
• how prices are determined
• benefits and drawbacks for consumers in the UK and US
• benefits and drawbacks for producers in the UK and the US
Be sure to include specific reference to sources and a counterargument. Your essay should include an introduction, transitions, and a conclusion.
Answer:
In terms of economics, I believe the US healthcare system is superior because it is private and has a lower wait time. Private healthcare, such as Medicare and Medicaid, provides services to certain portions of the population in the United States. Workers and health facilities are also private since they are private, whereas they are public in the UK. Another advantage of being private is that they can provide speedier treatment and more improved technology, which makes them highly dependable in the United States. This leads me to my second argument about how the times are shorter in the United States than in the United Kingdom. People in the United Kingdom may have to wait months, if not years, for some treatments. In the United States, the waiting period might be a few days or weeks.
Both healthcare systems have significant economic problems. Both the United States and the United Kingdom have healthcare issues. I can't tell which is better because I've only been treated in the United States, but after conducting the thorough study, I can honestly state that I prefer the United Kingdom's healthcare system. I'd rather cope with the issues of free healthcare than with the difficulties of excessively expensive healthcare. I haven't had to deal with the flaws in this system yet because of my age, but I'm sure I will.
The United States government prefers to spend its money elsewhere. Because of its free healthcare, the United Kingdom does not face this issue. That isn't to say it isn't plagued by other problems. Inefficiencies emerge because profit is not the primary motivation for the NHS, and prices do not play the same role as they do in a free market economy. Because of the strength of a competitive market, the right amount and quality of health care would be delivered at the lowest possible cost to fulfill customer demand. The NHS, on the other hand, is not in this situation. They expect physicians to behave in their best interests, but in a free market, this may not be the case.
The United States boasts one of the greatest medical research systems in the world. The NHS's major goal in the United Kingdom is to offer a high-quality service based on clinical need rather than the capacity to pay. It is also a major employer. It boosts the economy's production by keeping the workforce healthy. It also boosts GDP by increasing life expectancy and, as a result, the average working life. Finally, neither system is flawless, and whether you think the US healthcare system is superior to the UK's is entirely up to you. However, I believe that the system in place in the United Kingdom is superior. Despite the fact that some of them are destitute, their government genuinely cares about each and every one of them.
The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
during a face-to-face meeting with five regional managers who work for a national retail chain, melkamzer, a store manager, confidently answers a series of questions posed by the five managers. in what type of communication are melkamzer and the managers engaging?
The type of communication that Melkamzer and the managers are engaging in is small-group communication.
What is small-group communication?Small group communication is described as a communication process in which three or more people are engaged in a discussion with a shared purpose. It is important to mention that within such a communication, people can share their feelings, and information and can also engage in active listening.
In this scenario, it can be seen that Melkamzer, a store manager, is having a face-to-face meeting with the five other regional managers. This is a sort of small group communication because all the people in the meeting have a common or shared purpose behind the meeting.
It can be concluded that the type of communication that Melkamzer and the managers are engaging in is small-group communication
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To be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as
To be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as Capacity. crefers to an individual's legal ability to enter into contracts. To be considered capable of entering into a contract, an individual must be of legal age, mentally sound, and not under the influence of drugs or alcohol.
Individuals who do not meet these requirements are considered to lack capacity and are unable to legally enter into a contract. The law recognizes minors under the age of 18 as having a lack of capacity.
Minors cannot legally enter into a contract because they lack the mental capacity and maturity to fully understand the consequences of their actions.
Minors are, therefore, not liable to fulfill the terms of the agreement. Individuals under the influence of drugs or alcohol are also considered to lack capacity.
Persons with mental health issues are also deemed incapable of entering into a legally binding contract.
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Who makes it legally en forcable promises in a unilateral insurancew policy]
Answer:
Unilateral Contract — a contract in which only one party makes an enforceable promise. Most insurance policies are unilateral contracts in that only the insurer makes a legally enforceable promise to pay covered claims. By contrast, the insured makes few, if any, enforceable promises to the insurer.
Explanation:
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $8,200 at the end of each year for the next 35 years. If you don't purchase this annuity, you can invest your money and earn a return of 5%. What is the most you would pay for this annuity right now? Ignoring taxes, the most you would pay for this annuity is $(Round to the nearest cent.)
The most you would pay for this annuity right now is approximately $139,905.42.
To determine the most you would pay for the annuity, you need to calculate the present value of the future cash flows it will provide. The formula to calculate the present value of an annuity is:
PV = PMT × [1 - (1 + r)^(-n)] / r
Where:
PV = Present Value
PMT = Payment per period
r = Interest rate per period
n = Number of periods
In this case:
PMT = $8,200
r = 5% or 0.05 (since the return is given as a decimal)
n = 35 years
Using the formula, let's calculate the present value:
PV = $8,200 × [1 - (1 + 0.05)^(-35)] / 0.05
PV ≈ $8,200 × [1 - (1.05)^(-35)] / 0.05
PV ≈ $8,200 × [1 - 0.146430 ] / 0.05
PV ≈ $8,200 × 0.853570 / 0.05
PV ≈ $139,905.42
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If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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Dakota earns $8.70 an hour for 37
Per month
hour week. How much is earned per week?
Answer:
$321.90
Explanation:
which of the following is not an employability skill?
1. ethical behavior
2. teamwork
3. technology
4. sales
Sales is not an employability skill. Employability skills are the general skills, personal qualities, and attitudes that are necessary for success in any job or career. They include things like communication, problem-solving, teamwork, time management, leadership, adaptability, and ethical behavior, among others.
Sales, on the other hand, refers to a specific job function that involves selling products or services to customers. While sales may require certain skills such as communication, negotiation, and customer service, it is not considered a general employability skill.
an organization's ________ goals are official statements of what an organization says, and what it wants its stakeholders to believe its goals are.
a. implicit
b. stated
c. authentic
d. real
An organization's stated goals are official statements of what an organization says, and what it wants its stakeholders to believe its goals are.
Stated goals refer to the formal and publicized objectives that an organization communicates to its stakeholders, such as employees, customers, investors, and the general public. These goals are typically expressed in official documents like mission statements, vision statements, and strategic plans. Stated goals are important for setting a direction for the organization and shaping the perceptions and expectations of its stakeholders.
The purpose of stated goals is to provide a clear and coherent message about the organization's intentions and aspirations. They are often designed to inspire confidence, attract support, and guide decision-making within the organization. However, stated goals may not always align with the authentic or real goals of the organization. While organizations may publicly state certain goals, the actual goals and priorities pursued by the organization may differ due to various factors, such as internal dynamics, external pressures, or changing circumstances. Therefore, it is important to consider both the stated goals and the actions of the organization to gain a comprehensive understanding of its true intentions and objectives.
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You should write down everything a speaker says when you take notes.
Please select the best answer from the choices provided
T
F
why are japan,south korea, America and Europ an countries developed
Answer:
Japan , south korea, America and Europe are developed countries
Explanation:
Because These countries hasn't ranked as the corrupt country.These countries buildup every new ideas that comes up .There is a proper facility, sufficient dependable data,no nepotism and manipulation.There is no economical statistics.There e proper education.Due establishment of manu industries.Good governanceThere is no discrimination among people.A company has a poor impression with the public. Who might they hire to make it better?
A.
A graphic designer
B.
An advertising agent
C.
A public relations manager
D.
A quality assurance professional
Answer:
c
Explanation:
,,,,,,,,,,,,,,,,,,,,,,,,,,,,
tech a states that finding replacement parts for a transmission can be a large undertaking considering all of the makes and models produced for the automotive market. tech b states that rebuilding a transmission often requires specialty tools that are specific to each transmission. who is correct?
Both tech a and tech b are correct in their statements
Tech A is correct in stating that finding replacement parts for a transmission can be a large undertaking considering all of the makes and models produced for the automotive market. This is due to the variety of transmissions used in different vehicles, which can make sourcing parts more challenging.
Tech B is also correct in stating that rebuilding a transmission often requires specialty tools that are specific to each transmission. These tools are designed to work with the unique components and mechanisms of each transmission type, ensuring a successful rebuild process.
In conclusion, both Tech A and Tech B are correct
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Walgreens is offered a chain discount on cosmetics from Libby Corp. of 8/5/2; Roma Company offers a chain discount of 7/6/4. What is the higher discount offered? Multiple Choice .14348 .839232 .85652 .160768
Based on the chain discount on cosmetics from Libby Corp and Roma Company the higher discount is offered by Roma Company which is 0.160768 or 16.0768%. Therefore, the correct option is option 4.
We will compare the chain discounts offered by Libby Corp. and Roma Company to determine which one offers a higher discount.
1. First, let's calculate the discount offered by Libby Corp. (8/5/2):
Step 1: Convert each discount percentage to decimals: 0.08, 0.05, and 0.02.
Step 2: Calculate the net discount factor: 1 - 0.08 = 0.92, 1 - 0.05 = 0.95, and 1 - 0.02 = 0.98.
Step 3: Multiply the net discount factors: 0.92 * 0.95 * 0.98 = 0.85652.
Step 4: Subtract the net discount factor from 1 to find the total discount: 1 - 0.85652 = 0.14348.
So, Libby Corp.'s total discount is 14.348%.
2. Now, let's calculate the discount offered by Roma Company (7/6/4):
Step 1: Convert each discount percentage to decimals: 0.07, 0.06, and 0.04.
Step 2: Calculate the net discount factor: 1 - 0.07 = 0.93, 1 - 0.06 = 0.94, and 1 - 0.04 = 0.96.
Step 3: Multiply the net discount factors: 0.93 * 0.94 * 0.96 = 0.839232.
Step 4: Subtract the net discount factor from 1 to find the total discount: 1 - 0.839232 = 0.160768.
So, Roma Company's total discount is 16.0768%.
Comparing both discounts, Roma Company offers the higher discount at 16.0768% (0.160768) which corresponds to option 4.
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essay about How do more jobs help raise the standard of living.
Answer:
Having more jobs especially in poorer countries raise the standard of living with money. Poorer people having raises in money means they can have a safe living environment and can pay bills, keeping a strong safe place to stay. This also means you could buy medicine, which could result into natural increase.
Explanation: