A company makes three types of candy and packages them in three assortments. Assortment I contains 4 cherry, 4lemon, and 12 lime candies, and sells for a profit of $4.00. Assortment Il contains 12 cherry, 4 lemon, and 4 limecandies, and sells for a profit of $3.00. Assortment III contains 8 cherry, 8 lemon, and 8 lime candies, and sells for aprofit of $5.00. They can make 5,200 cherry, 4,000 lemon, and 6,000 lime candies weekly. How many boxes of eachtype should the company produce each week in order to maximize its profit (assuming that all boxes produced canbe sold)? What is the maximum profit?Select the correct choice below and fill in any answer boxes within your choice.OA. The maximum profit is $ when boxes of assortment 1. boxes of assortment II andassortment III are produced.OB. There is no way for the company to maximize its profitboxes of

Linear programming is a mathematical optimization technique used to find the best possible solution…

Answered: A company makes three types of candy…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You can sell 60 pet chia per week if they are marked as $1 each , but only 50 per week if they are marked $2 per chia. Your chia supplier is prepared to sell you 10 chias per weekif they are marked $1 per chia, and 20 per week if they are marked $2 per chia. At what price should the chias be marked so that there is neither surplus nor a shortage of chias?
Spotlight Video is a premier video rental company in Denver, Colorado, offering the latest selections on DVD, game, and VHS releases. After DVDs and VHS tapes have been viewed a certain number of times, their quality deteriorates to the point that Spotlight Video considers them to be defective. Furthermore, some customers own DVD and VHS players that are defective and can ruin Spotlight Video’s merchandise. Spotlight Video wants to maintain an inventory of DVDs and VHS tapes that are at least 85 percent acceptable, although 95 percent is preferable. However, since it can’t keep customers’ machines from damaging the rentals, Spotlight Video has had to relax its criterion a little. You have been hired to create a spreadsheet that will evaluate each DVD and VHS based on the following criteria: ■ A number of times each title has been rented. ■ A number of defects have been reported. ■ The percent acceptable must be above 85 percent based on usage. If the percentage reported is below…
“As soon as the customer places an Order, it is received by the Sales department and a Sales Order is created. The Sales Order is sent to the Finance Department to check if the customer has any outstanding balance for more than 60 days. The AR Clerk at the Finance Department checks and sends the results back to the Sales Department. If there is an outstanding balance for more than 60 days, the Sales Department puts the Order on hold and notifies the customer. Otherwise, the Order Entry Clerk creates an Order Confirmation and sends it to the customer. Simultaneously a Picking List is generated and sent to the Order Fulfilment Department who picks up the next set of process steps. The Order Fulfilment Department receives the Picking List and determines which Warehouse is closest to the Customer location. The Picking List is sent to that Warehouse location. There, the items from the Picking List are picked. An Invoice is generated and printed. The items are packed along with the printed…
Pipe Company orders six irrigation pumps from Quality Pumps Inc. The pumps are stored in Re-storage Warehouse. Under the terms of the order, Quality must give Pipe a warehouse receipt for the goods, which the buyer will then pick up. Title to the goods passes to Pipe when a. Quality stores the pumps. b. Pipe picks up the pumps. c. Quality gives Pipe the warehouse receipt. d. Pipe orders the pumps.
Which cereal is the better buy: Brand A, on sale at $10 for five 12.8-ounce boxes or Brand B, which costs $10 for four 16.9-ounce boxes?
An online store sells two types of speaker docks for smartphones. The higher-priced speaker dock sells for $190 and the lower-priced speaker dock sells for $70. Last week the store sold four times as many lower-priced speaker docks as higher-priced speaker docks. Combined sales totaled $4,230. How many lower-priced speaker docks did it sell?The store sold, lower-priced speaker docks.
You need to replace your dryer. Both a big box store and a local appliance dealer are selling a dryer for the same price. Which of the following alternatives has a relevant benefit? A big box store offers free expedited delivery, making its delivery date the same as a local appliance dealer. The price for a dryer from a local appliance dealer includes a repair warranty on the dryer. Both the local appliance dealer and the big box store offer a free haul away service for your old dryer. Both the local appliance dealer and the big box store offer compatible warranty coverage.
Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on selling price. What is the most that Misu can pay for a comforter? Assume Misu Sheet wants a 30% markup on cost instead of on selling price. What is Misu's cost? Round to the nearest cent.
A company has two products, which both sell in quantities of 20. Product A sells for $35/unit with a profit margin of 20%. Product B sells for $50/unit with a profit margin of 13%. Product A has a lost sale probability of 25% when out of stock, and Product B has a lost sale probability of 35% when out of stock. Which product is the more "expensive", in terms of lost sales, if it were to experience a stockout? O No answer text provided. O Product A O They both have the same cost of lost sales same O Product B
Ikea is a Swedish furniture company. It produces stylish and comfortable furniture such as tables and chairs. Its products are sold to customers directly by its stores in various countries. Based on this information, which of the following is correct? a. Ikea is a manufacturer and retailer b. Ikea is a manufacturer only c. Ikea is a farmer and wholesale only d. Ikea is a retailer only
4. Astore is currently offering a 60% discount on all items purchased. Your cashier is trying to convince you to open a store credit card and says to you, "In addition to the 60% discount you are receiving for purchasing these items on sale today, you will get an additional 20% off for opening a credit card account. That means you are getting 105% off!" %3D a. What is the mistaken assumption here? b. Why is that assumption incorrect? c. If you did truly have 80% discount, explain what should happen when you go to the counter to buy $500 worth of items? show calculation d. If you got your 60% discount and opened up the card for an additional 20%, what is the actual % discount you would receive? show calculation e. Is it better to apply the 60% discount first or the 20% discount first?_show calculation
Ownership of Inventory Explain the implications relating to ownership when goods are: a. In transit (FOB) Shipping Point b. In transit (FOB) Destination c. On Consignment

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