A cargo ship is loaded with two types of cargo. Each container of cargo A is 400 cubic feet involume, weighs 10,000 lbs and earns $11,000 in profit. Each container of cargo B is 300 cubic feetin volume, weighs 20,000 lbs, and earns $9,000 in profit. The ship can carry no more than 30,000cubic feet in volume and no more than 1,000,000 lbs. How many containers of each type shouldbe carried to maximize the profit?Let x be the number of containers of cargo A and y be the number of containers of cargo B.What are the corner points of the feasible region? Select all the correct corner points.(0,100)(100,0)(0,50)(75,0)(75,100)(100,50)(60,20)

This is a problem of LPP. Equations based on the above-given information: "x" be the number of…

Answered: A cargo ship is loaded with two types…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

what is the cost to ship 2200 lbs of goods from Houston to Denver using 2 day shipping?
A commercial company bought 250 units of a specific material at a price of 50,000 dinars per unit, and the purchase expenses were up to the arrival of the material. The stores of the company were my two: commission banks = 1250000 tax expenses = 1875000, transportation, loading and unloading expenses = 900000 insurance expenses = 600000 Requirement: Calculating the cost of the material purchased?
The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $1,500 per order to cover the expenses of delivering and transferring the fuel to MBC’s storage tanks. The cost of holding a gallon of fuel in the storage tank is $200 per gallon, per month; and annual fuel usage is 125,000 gallons. Problem: The MBC storage tanks have a capacity of 500 gallons. What would be the variable annual cost if MBC fills the tanks completely each time, they place an order (nearest dollar)?
Big Toy, Inc. annually sells 115,000 units of Big Blobs. Currently, inventory is financed through the use of commercial bank loans. Big Toy pays $11.80 per Big Blob. The cost of carrying this inventory is $3.40 per unit while the cost of placing an order involves expenses of $500 per order. Since Big Blobs are imported, delivery is generally 25 days but may be as long as 30 days. To manage inventory more efficiently, the management of Big Toy, Inc. has decided to use the EOQ model plus a safety stock to determine inventory levels. What is the economic order quantity? Round your answer to the nearest whole number. units Today is January 1 and the current level of inventory is 11,500 units; when should the first order be placed based on the economic order quantity? Assume 365 days in a year. Round your answer to the nearest whole number. The first order based on the EOQ model would be placed on the th day. Management always wants sufficient Big Blobs so that they never are out…
The following activity rates are associated with moving rail cars by train: $4 per gross ton mile; $50 per rail car switch; $200 per rail car. A train with 20 rail cars traveled 100 miles. Each rail car carried 10 tons of product. Each rail car was switched two times. What is the total cost of moving this train? a. $16,000 b. $10,000 c. $86,000 d. $44,100
The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $200 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.04 per month, or $0.48 per year; and annual fuel usage is 120,000 gallons. MBC buses operate 300 days a year. What is the optimal order quantity for MBC?Q* = fill in the blank 1 How frequently should MBC order to replenish the gasoline supply?fill in the blank 2 orders per year The MBC storage tanks have a capacity of 15,000 gallons. Should MBC consider expending the capacity of its storage tanks?Metropolitan Bus Company the capacity of its storage tanks. What is the reorder point?r = fill in the blank 4 gallo
Allegiance, Inc. has $125,000 of inventory that suffered minor smoke damage from a fire in the warehouse. The company can sell the goods "as is" for $45,000; alternatively, the goods can be cleaned and shipped to the firm's outlet center at a cost of $23,000. There the goods could be sold for $80,000. What alternative is more desirable and what is the relevant cost for that alternative?
Tambi Corporation produce its product which requires an input for $72,30 per kilogram from the supplier. By paying cash, the corporation get 5% discount. Shipping cost amounted for $5,75 per kilogram. Receiving cost is $0,85 per kilogram. Each unit of output requires 0,45 kilogram of this input. The allowance for the waste and spoilage is 0,08 kilogram of this input for each unit. The allowance for the reject is 0,14 kilogram from each output.Based on this information, what is the standard price per kilogram of this input? Select one: a. $75,285 b. $67,555 c. $73,450 d. $70,655
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $16.00 per pound. On average, 100 pounds of lobster are processed into 59 pounds of tails and 27 pounds of flakes, with 14 pounds of waste. Assume that the company purchased 3,400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $8,000. No materials or labor costs are assigned to the waste. If 1,858 pounds of tails and 829 pounds of flakes are sold, calculate the allocated cost of the sold items and the allocated cost of the ending inventory. The company allocates joint costs on a value basis. (Round your answers to nearest whole number. Round cost per pound answers to 2 decimal places.)
A company with a plant in Basel can be served by bothrail and truck at a cost of €250 and €1500 per load, respectively. Thetransit time for the train is 15 days while for the truck is 5 days. (a) Ifthe daily cost of transit inventory is €100, which transportation modeis more economical attractive? (b) What will be the costs involved, ifthe daily inventory carrying cost is €50? (c) Identify related principlesneed to consider when designing a transportation system.
The company has an inventory of 1,000 parts. It cost $160,000 to manufacture the parts. The company could sell as is for $16,000 or rework the parts and sell the parts for $65,000. It would cost $40,000 to process further. Should the company sell as is or process further? Support your conclusion with numbers.
SITUATION: Your team will purchase 10,000 kilograms of flour at Php120.00 per kilogram. It will then be repacked in containers of = kilogram each and be sold for Php40.00 per container. Your department 4. supervisors asked you to report the number of repacked flour to be sold and the fractional part that the gross profit represent as compared to the cost of purchasing the flour and to the total sales assuming all the repacked flours will be sold. PRODUCT, PERFORMANCE AND PURPOSE: The gross profit report must include the data on the following concerns given by the department supervisors: (a) the number of repacked flour to be sold; (b) the total sales; (c) the gross profit per pack; (d) the total gross profit; (e) the fractional part that the gross profit represents as compared to the cost of purchasing the flour; and (f) the fractional part that the gross profit represents as compared to the total sales. The report must be neat and presentable and must include correct and valid…

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS