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Lynna [10]
2 years ago
3

The Valley Wine Company produces two kinds of wine—Valley Nectar and Valley Red. The wines are produced from 64 tons of grapes t

he company has acquired this season. A 1,000-gallon batch of Nectar requires 4 tons of grapes, and a batch of Red requires 8 tons. However, production is lim- ited by the availability of only 50 cubic yards of storage space for aging and 120 hours of process- ing time. A batch of each type of wine requires 5 cubic yards of storage space. The processing time for a batch of Nectar is 15 hours, and the processing time for a batch of Red is 8 hours. Demand for each type of wine is limited to seven batches. The profit for a batch of Nectar is $9,000, and the profit for a batch of Red is $12,000. The company wants to determine the number of 1,000-gallon batches of Nectar ( x 1 ) and Red ( x 2 ) to produce in order to maximize profit.Formulate a linear programming model for this problem.Solve this model by using graphical analysis.
Business
1 answer:
qaws [65]2 years ago
4 0

Answer:

maximize 9000n + 12000r

constraints:

  • 4n + 8r ≤ 64
  • 5n + 5r ≤ 50
  • 15n + 8r ≤ 120
  • n ≤ 7
  • r ≤ 7
  • n ≥ 0
  • r ≥ 0  

     

using solver, the solution is:

4 1,000 gallon batches of nectar wine and 6 1,000 gallon batches of red wine

maximum profit = (4 x $9,000) + (6 x $12,000) = $108,000

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Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,
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                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

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31 Oct, 18  Interest Expenses           $22,500

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Investments and loans base their interest calculations on one of two possible methods: the interest and the interest methods. Bo
IrinaK [193]

  1. FV = PV Times (1 + r)^n
  2. FV = PV + (PV Times r Times n)
  3. False
  4. False
  5. True
  6. Laura should invest in investment P

Investment = L  FV = $66,485.49  Make this investment? No

Investment = M  FV = $59,400  Make this investment? No

Investment = P  FV = $77,318.37  Make this investment? Yes

Explanation:

  1. Compound interest: FV = PV Times (1 + r)^n
  2. Simple interest: FV = PV + (PV Times r Times n)
  3. The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods. False
  4. After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest. False
  5. All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year. True

Investment = L

Interest rate and method = 5% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.05)^8

FV = 45000 * (1.05)^8

FV = 45000 * 1.477455 = $66,485.49

Make this investment? Yes / No

Investment = M

Interest rate and method = 4% simple interest

Expected Future Value, FV = PV + (PV * r * n)

FV = 45000 + (45000 * 0.04 * 8)

FV = 45000 + 14400 = $59,400

Make this investment? Yes / No

Investment = P

Interest rate and method = 7% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.07)^8

FV = 45000 * (1.07)^8

FV = 45000 * 1.718186 = $77,318.37

Make this investment? Yes / No

Since she can only make one investment during the eight-year investment period, Laura should invest in investment P

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