Business, 11.09.2019 00:30 jones501324

Afurniture storehas set aside 800 square feet to display its sofas andchairs. each sofa utilizes 50 sq. ft. and each chair utilizes30 sq. ft. at least five sofas and at least five chairs areto be displayed.
suppose the profit on sofas is $200 and on chairsis $100. on a given day, the probability that a displayedsofa will be sold is .03 and that a displayed chair will be sold is.05. mathematically model the followingobjective:
maximize the total expected dailyprofit.
max s + c
max .03s + .05c
max 6s +5c

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 23:30

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

Answers: 3

Answer

Business, 22.06.2019 11:00

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

Answers: 3

Answer

Business, 22.06.2019 21:30

Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure

Answers: 1

Answer

Business, 22.06.2019 23:10

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.

Answers: 1

Answer

You know the right answer?

Afurniture storehas set aside 800 square feet to display its sofas andchairs. each sofa utilizes 50...

Questions