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Reptile [31]
2 years ago
10

A goal programming problem had two goals (with no priorities assigned). Goal number 1 was to achieve a profit of $2,400 and goal

number 2 was to have no idle time for workers in the factory. The optimal solution to this problem resulted in a profit of $2,300 and no idle time. What was the value for the objective function for this goal programming problem?
Business
1 answer:
topjm [15]2 years ago
7 0

Answer:

100

Explanation:

Goal programming is an optimization technique that allows for multiple, normally conflicting objectives and then attempts to solve each goal sequentially to a satisfactory level. In goal programming, differential variables are being used.

Since the goal programming problem had two goals. Goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory. The optimal solution to this problem resulted in a profit of $2,300 and no idle time

This means that goal number 2 was achieved since the optimal solution resulted in no idle time. But goal number 1 was not achieved because a profit of $2300 was achieved in the solution instead of $2400.

Therefore, the value for the objective function for this goal programming problem = 2400 - 2300 = 100

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Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 30,000 units follow
AnnyKZ [126]

Answer:

1. Variable cost per unit   = $150

2. Markup percentage     = 34.89%

3. Selling price                 = $202.33

Explanation:

Variable cost per unit = 70+40+25+15= $150

Fixed cost   =  670,000+ 305,000 +285,000= $1,260,000

Fixed cost per unit  =    1,260,000/30,000= $42

Profit per unit   =        <u>Targeted profit</u>

                               Targeted production unit

                          = <u>$310,000 </u>   =$10.33

                                30,000

Markup percenge =     <u>Fixed cost per unit + profit per unit</u>

                                          Variable cost per unit

                                =<u>$42+ $10.33</u>    =    <u>52.33 </u>* <u>100</u>   = 34.89%

                                       $150                   $150      1

Selling Price        =  Variable cost per unit + markup

                            =  $150+$42+$10.33

                             = $202.33

Variable cost-plus pricing is calculated by  determining variable costs per unit and adding mark-up which will cover fixed costs per unit and generate a targeted profit margin.

3 0
2 years ago
Read 2 more answers
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p
Ulleksa [173]

Answer:

Answer is given below.

Explanation:

CASH BUDGET   JAN                FEB                      MARCH

Beginning Balance  30,000          30,000               86,781

Add: Receipt    

Cash Collections-as computed above 525,000 403,000 480,000

Total Cash available  555,000 433,000 566,781

Payments:    

Cash disbursement-as computed above 466,300 344,300 523,000

Total Payments made 466,300 344,300 523,000

Net Balance  88,700 88,700 43,781

Add: Borrowings    

Less: Repayment of principal -58,100 -1,900 0

Less: Repayment of Interest -600 -19 0

Ending Balance of cash 30,000 86,781 43,781

Loan balance:    

Beginning balance  60000 1,900 0

Add: Borrowings    

Less: Repayments  -58100 -1900 0

Ending balance of loan 1900 0 0

8 0
2 years ago
How should a coach create team commitment to her vision for the team?
STALIN [3.7K]
e. a and c?

A coach should create team commitment to her vision for the team by communicating the vision and motivate the team to support it and by state goals clearly and only once, and then show that she means business. What a coach should not do is <span>relying on her raw intelligence rather than seek information from other sources and use coercion, because this two do not work.</span>
4 0
1 year ago
Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a people person and her department is
atroni [7]

Answer:

c. The wide latitude of these nondirective interviews can result in low reliability and often poor validity.

Explanation:

Lexie likes to do interviews, to candidates who apply for a job at her company, with indirect questions. She starts the interview, asking the candidate to talk about himself.

This question can be a bit of a question to ask in a job interview. This is because there is a huge range of possible answers for this, and the result can be generic or fanciful responses that do not reveal real things about the candidate, in addition to not showing how efficient he would be for the company.

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1 year ago
The interaction of buyers and sellers who trade long-term or intermediate-term money instruments"" is the definition of the ____
BaLLatris [955]

Answer:

Capital Market

Explanation:

Capital Market -

It refers to the channelization of the investment and the savings , by the buyers and seller , is referred to as the capital market .

It is also known as the financial market.

The units which have the capital are institutional and retail investors ,

and the people in search of capital are the people , businessman , government.

The capital market is used in the primary as well as secondary market.

The various capital markets are - the bond market and the stock market.

Hence, from the given information of the question,

The correct term is capital market.

6 0
2 years ago
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