A farmer can buy two types of plant food, mix A and mix B. Each cubic yard of mix A contains 20 pounds of phosphoric acid, 30 pounds of nitrogen, and 5 pounds o potash. Each cubic yard of mix B contains 10 pounds of phosphoric acid, 30 pounds of nitrogen, and 10 pounds of potash. The minimum monthly requirements are 430 pounds of phosphoric acid, 990 pounds of nitrogen, and 200 pounds of potash. If mix A costs $25 per cubic yard and mix B costs $30 per cubic yard, how many cubic yards of each mix should the farmer blend to meet the minimum monthly requirements at a minimum cost? What is this cost?
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- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. The report should follow the following format: 1. Introduction 2. Risk 2.1 Risk defined 2.2 Systemic and Systematic risks 3. Risk Management 3.1 Reasons why risk management would be important to Alt Energy 3.2 Researched example of another company that did not manage their risks 4. The risk management process 4.1 Objectives 4.2 Risk identification 4.3 Risk evaluation 4.4 Risk control 4.5 Risk financing 4.6…Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. explain the risk management process by describing each stage and how it applies to Alt Energy. 1.Objectives Indicate the importance of setting objectives and apply it to Alt Energy. 2 Risk Identification
- Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management. Provide a researched example of another South African company in the same industry that did not management their risk. This example should be comprehensive and confirm the importance of risk management. It is important that you draw similarities with Alt Energy and conclusions from your research.Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. 1.Objectives 2 Risk identification 3 Risk evaluation 4 Risk control 5 Risk financing 6 Programme monitoring and administrationDavid Austin recently purchased a chain of dry cleaners innorthern Wisconsin. Although the business is making amodest profit now, David suspects that if he invests in a newPROBLEMS • GO Tutorialpress, he could recognize a substantial increase in profits.The new press costs $15,400 to purchase and install and canpress 40 shirts an hour (or 320 per day). David estimatesthat with the new press, it will cost $0.25 to launder andpress each shirt. Customers are charged $1.10 per shirt.a. How many shirts will David have to press to break even?b. So far, David’s workload has varied from 50 to 200shirts a day. How long would it take to break even onthe new press at the low-demand estimate? at the highdemand estimate?c. If David cuts his price to $0.99 a shirt, he expects to beable to stabilize his customer base at 250 shirts per day.How long would it take to break even at the reducedprice of $0.99? Should David cut his price and buy thenew press?
- A plant manager of a chemical plant must determine the lot size for a particular chemical that has a steadydemand of 30 barrels per day. The production rate is 190 barrels per day, annual demand is 10,500 barrels,setup cost is $200, annual holding cost is $0.21 per barrel, and the plant operates 350 days per year.a. Determine the economic production lot size (ELS).b. Determine the total annual setup and inventory holding cost for this item.c. Determine the time between orders (TBO), or cycle length, for the ELS.d. Determine the production time per lot.What are the advantages of reducing the setup time by 10 percent?Tokyo Company needs the resources indicate below to produce its products Product Labor (hr./unit) Material (Ib./unit) Profit (S/unit) $3 2. 2. 3. 4. Tokyo Company has a daily labor capacity of 240 available hours and a daily supply of 400 pounds of material. The general linear programming formulation for this problem is as follows maximize 2 3 + Sxy + 2 subject to Sx + 2 + 4xy s 240 4x + Gry + 3y s 400 Management has developed the following set of goals, arranged in order of their importance to the firm (1) Because of recent labor relations difficulties, management wants to avoid underutilization of normal production capacity (2) Management has established a satisfactory profit level of S500 per day (3) Overtime is to be minimized as much as possible (4) Management wants to minimize the purchase of additional materials to avoid handling and storage problems.Tropical Leisure Limited Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-fiveyears, in old rented premises located in the heart of the Barbadian capital of Bridgetown. Thecompany has a flexible labour force of about twenty employees and three directors, only one ofwhom, namely Mr. Grant, the managing director, is fully active in the business.The company specializes in leisure and swim wear garments. Their current range consists of teeshirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women andchildren. The company capacity is 400-500 garments per week, depending on style and continuityof the production run, but additional floor space and machines could be brought in quickly to raiseproduction levels to a maximum of 1000 garments weekly if required.Trade sources estimated that the Barbadian market was valued at US$ 1.5 billion in 2010 but sincethen inflation and recession has deflated the market,…
- The Frist Corporation has the followinginternal controls related to inventory:1. Only authorized inventory warehousing personnel are allowed in inventory storageareas.2. All inventory products are stored in warehousing areas that are segregated fromother storage areas used to house equipment and supplies.3. All inventory held on consignment at Frist Corporation is stored in a separatearea of the warehouse.4. The inventory purchasing system only allows purchases from pre-approved vendors.5. The perpetual inventory system tracks the average number of days each inventoryproduct number has been in the warehouse.6. Microchips are embedded in each product and when inventory items are removedfrom the warehouse to shipping, radio-frequencies signal a deduction of inventoryto the perpetual inventory system.7. On a weekly basis, inventory accounting personnel take samples of inventoryproducts selected from the perpetual inventory system and verify that the inventoryis on-hand in the warehouse…Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…A Loan Estimate must be providad to consumer no later than how many business days after w loan application submission? A) 1 business day B) 3 business days C) 7 business days D) 10 business days