f your objective is to maximize the profit for products x and y which earns a contribution margin of P2 and P3 respectively, your objective function must be: * a. P = 3x + 2y b. P = 2x + 3y c. P = x + y d. none of the above
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If your objective is to maximize the profit for products x and y which earns a contribution margin of P2 and P3 respectively, your objective function must be: *
a. P = 3x + 2y
b. P = 2x + 3y
c. P = x + y
d. none of the above
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- Bernie’s Bike Shop receives the following trade discounts: 20/15/15. The vendor’s price list indicates that 20 percent off list price is for purchasing bikes in quantities of 100 or more, 15 percent off list price is for assembling the bikes for customers, and 15 percent is for sales promotion and local advertising. If the manufacturer’s list price is $550, what should Bernie pay for each bike if he orders 110 bikes at a time, assembles the bikes, and displays and advertises them?Q: A hardware company stocks nuts and bolts and orders them from a local supplier once every 2 weeks (10 working days). Lead time is 2 days. The company has determined that the average demand for 1⁄2 inch bolts is 150 per week (5 working days), and it wants to keep a safety stock of 3 days’ supply on hand. An order is to be placed this week, and the stock on hand is 130 bolts.a. What is the target level?b. How many 1⁄2 inch bolts should be ordered this time?In the spreadsheet model shown below, an analyst makes the following data entries. Cell ВЗ В4 В5 B6 Value 113,000 90,000 119,000 99,000 A 1 Revenue 2 Month Revenue Change (%) n/a =(B4-B3)/B3 =(B5-B4)/B4 =(B6-B5)/B5 3 January 4 February 5 March 6 April What values will be shown in the following cells? (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Cell Value С4 % C5 C6 %
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- Elkins, a manufacturer of ice makers, realizes a cost of $250 for every unit it produces. Its total fixed costs equal $5 million. If the company manufactures 500,000 units, compute the following:a. unit costb. markup price if the company desires a 10% return on salesc. ROI price if the company desires a 25% return on an investment of $1 millionMary hopes to sell 10,000 pieces of chrysanthemum last November but she was able to sell 15,000 chrysanthemum. Her chrysanthemum is sold at 20 pesos each. Her total expenses was 150,000, hence, cost per unit is 15.00. What was her sales volume? * 300,000 150,000 10,000 O 25,000 O 15,000Based on the following sensitivity analysis, which of the following products would be considered most sensitive to changes or errors in the objective function coefficient? A. Product_2 B. Product_1 C. Product_3 Variable Cells Cell Name Final Value Reduced Cost Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 25 13 5 $B$3 Product_2 175 0 25 8 9 $B$4 Product_3 0 −1.5 25 11 3 Constraints Cell Name Final Value Shadow Price Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700