answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bazaltina [42]
1 year ago
12

Donna De Paul is raising money for the homeless. She discovers that each church group requires 2 hours of letter writing and 1 h

our of​ follow-up, while for each labor union she needs 2 hours of letter writing and 3 hours of​ follow-up. Donna can raise ​$100 from each church group and ​$200 from each union​ local, and she has a maximum of 12 hours of letter writing and a maximum of 14 hours of​ follow-up available per month. Determine the most profitable mixture of groups she should contact and the most money she can raise in a month.
Business
1 answer:
IgorC [24]1 year ago
8 0

Answer:

a) 2 letters to church and 4 letters to union

b) $ 1000

Explanation:

Given data:

Letter writing time for church = 2 hours

Follow up required for church = 1 hour

Letter writing time for labor union = 2 hours

Follow up required for labor union = 3 hour

Funds from church = $ 100

Funds from union = $ 200

now, let the number of letters written to church be 'x'

and the number of letters written to labor union be 'y'

According to the given conditions

maximum timing for letter writing = 12 hours

thus,

2x + 2y ≤ 12 hours

or

x + y ≤ 6 hours   ............(1)

also,

Maximum time for follow up = 14 hours

thus,

1x + 3y ≤ 14 hours    ...............(2)

thus, it becomes an LPP problem

on solving the both the equations as equation (1)

     x +   y = 6

- ( 1x + 3y = 14 )

----------------------

    0 - 2y = -8

or

y = 4 hours

substituting the value of y in equation (1) we get

x + 4 = 6

or

x = 2

thus,

the most profitable mixture is 2 letters to church and 4 letters to labor union

now,

Most money that can be raised = (letters to church × money raise from the church) + (letters to union × money raise from the union)

on substituting the values, we have

Most money that can be raised = (2 × $ 100) + (4 × $ 200)

or

Most money that can be raised = $ 1000

You might be interested in
Maryland Incorporated produces toys. Total manufacturing costs are​ $360,000 when​ 50,000 toys are produced. Of this​ amount, to
Aleonysh [2.5K]

Answer:

$458,000                

Explanation:

The computation of the total production cost in case of 85,000 toys are produced

The fixed cost is

= Total manufacturing cost - total variable cost

= $360,000 - $140,000

= $220,000

And, the variable cost per unit is

= $140,000 ÷ 50,000 toys

= $2.8

So for 85,000 toys, the total production cost is

 = Fixed cost + Variable cost × variable cost per unit

= $220,000 + 85,000 toys × $2.8

= $220,000 + $238,000

= $458,000                                                                                

5 0
2 years ago
Upton Umbrellas has a cost of equity of 11.6 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40 perc
matrenka [14]

Answer:

WACC = 9.86%

so correct option is d. 9.86%

Explanation:

given data

cost of equity = 11.6 percent

bonds = 6.2 percent

bonds sell = 103.2 percent

debt book value = $408,000

total assets book value= $952,000

market to book ratio = 2.74 times

to find out

what is the company's WACC

solution

we get here first Total book value of equity that is express as

Total book value of equity = Total assets book value - Total debt book value   .................1

Total book value of equity  = 952000 - 408000

Total book value of equity = $544000

and here market to book ratio  is

market to book ratio  = \frac{market\ value}{book\ value}

so market value of equity = (2.74 × 544000) = $1490560

and  

After tax cost of debt = 6.2 (1 - tax rate)

After tax cost of debt = 6.2 (1 - 0.4)

After tax cost of debt = 3.72%

and

Market value of Debt = 408000 × 103.2%  

Market value of Debt   = $421056

so

Total market value = $1490560 + $421056

Total market value is =$1911616

and  

WACC will be

WACC = Respective costs × Respective weights

WACC =  \frac{1490560}{1911616}11.6 + 3.72\frac{421056}{1911616}

WACC = 9.86%

so correct option is d. 9.86%

4 0
2 years ago
At the beginning of the year, the Dallas Company had the following accounts on its books: Accounts Receivable $264,000 Debit All
lukranit [14]

Answer:

<u>Explanation:</u>

Requirement :

Date Account title and Explanation      Debit                      Credit

Dec.31   Accounts receivable                $2,346,000  

           Sales revenue                                                $2,346,000

[To record credit sales for the year]      

Dec.31 Cash                                    $2,350,000  

          Accounts receivable                                    $2,350,000

[To record collections on account for the year]      

Feb.17 Allowance for doubtful account    $7,500  

           Accounts receivable-R.St. John               $7,500

[To write off R. St. John's account]      

May 28 Allowance for doubtful account   $4,800  

          Accounts receivable-G. Herberger               $4,800

[To write off G. Herberger's account]      

Oct 13 Accounts receivable-G. Herberger $1,200  

            Allowance for doubtful account                 $1,200

[To reinstate G. Herberger's account for partil recovery]      

Oct 13 Cash                                                  $1,200  

              Accounts receivable-G. Herberger           $1,200

[To record collection from G. Herberger]      

Dec 15 Allowance for doubtful account $5,000  

                Accounts receivable-R. Clancy                 $5,000

[To write-off R. Clancy's account]      

Dec 31 Bad debt expense [$2,346,000 x 0.8%] $18,768  

                Allowance for doubtful account                  $18,768

[To record allowance for doubtful accounts]  

<u>Requirement b: </u>

Accounts Receivable $242,700

Less: Allowance for Doubtful accounts $19,168

Accounts receivable net $223,532

<u>Calculations: </u>

T-Accounts

Accounts receivable              Allowance for doubtful account

$264,000 Beg.                                    $16,500 Beg.

$2,346,000          $2,350,000  $7,500             $1,200

$1,200                       $7,500      $4,800                 $18,768

                               $4,800  $5,000  

                                $1,200    

                                 $5,000    

                                   $242,700 End.                 $19,168 End.

4 0
2 years ago
Morataya Corporation has two manufacturing departments--Machining and Assembly. The company used the following data at the begin
Katena32 [7]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Total Estimated total machine-hours (MHs) 10,000

Estimated total fixed manufacturing overhead cost= $45,800

Total Estimated variable manufacturing overhead cost- per MH= $1.90 +  $2.10= $4

To calculate the estimated manufacturing overhead rate we need to use the following formula:

<u>Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>

<u>Estimated  FIXED manufacturing overhead rate=</u> (45,800/10,000)= $4.58

7 0
2 years ago
Jack is considering adding toys to his general store. He estimates the cost of toy inventory will be $4,200. The remodeling and
Nata [24]

Answer:

No. The payback period is 3.8 years

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.

The amount invested = $4,200 + $1,500 = $5,700

Please check the attached image for an explanation on how the payback period was calculated.

Pay back period = 3 years + 1400/1750 = 3.8 years.

3.8 years is greater than the required 3 years Payback period. Therefore, Jack shouldn't accept the project.

I hope my answer helps you

7 0
2 years ago
Other questions:
  • Precautionary information that pertains to a laboratory instrument or appliance can only be obtained by contacting the manufactu
    10·1 answer
  • A court adjudicates henry mentally incompetent and appoints inez to be his guardian. later, without inez's knowledge, henry sign
    15·1 answer
  • On January 1, 1990, Emilio deposited $1650 into a savings account paying
    6·2 answers
  • Brown Office Supplies recently reported $20,000 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depre
    8·1 answer
  • Scenario 15-8 Mega Media Cable TV is able to purchase an exclusive right to sell a premium sports channel in its market area. Le
    12·1 answer
  • Taser Industries must decide whether to make or buy some of its components. The costs of producing 175,000 battery packs for its
    8·1 answer
  • If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was a
    5·1 answer
  • The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambu
    7·1 answer
  • Greenwood Company manufactures two products—14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide
    8·1 answer
  • If the United States imports more than it exports, then this means that Group of answer choices the demand for dollars is likely
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!