Define the decision variables ,Formulate the objective function, Formulate the constraints Sears Investment has $250,000 available to invest in a 12-month commitment. The money can be placed in Treasury notes yielding an 8% return or in municipal bonds at an average rate of return of 9%. Bank regulations require diversification to the extent that a t least 50% of the investment be placed in Treasury notes. Because of defaults in such municipalities as California and Texas, it is decided that no more than 40% of the investment be placed in bonds. How much should Sears Investment invest in each security so as to maximize its return on investment?
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Define the decision variables ,Formulate the objective function, Formulate the constraints
Sears Investment has $250,000 available to invest in a 12-month commitment. The money can be placed in Treasury notes yielding an 8% return or in municipal bonds at an average rate of return of 9%. Bank regulations require diversification to the extent that a t least 50% of the investment be placed in Treasury notes. Because of defaults in such municipalities as California and Texas, it is decided that no more than 40% of the investment be placed in bonds. How much should Sears Investment invest in each security so as to maximize its return on investment?
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.
- PROBLEM The Seminole Company wishes to apply the Miller-Orr model to manage its cash investment. Seminole’s management has determined that the cost of either investing in or selling marketable securities is $200. By looking at Seminole Company’s past cash needs, they have determined that the variance of daily cash flows is $10,000. Seminole Company’s opportunity cost of cash, per day, is estimated to be 0.05%. Seminole management has figured, based on their experience dealing with the cash flows of the company, that there should be a cushion— a safety stock—of cash of $20,000. 1. How much is the variance of daily cash flows? (Use a number, no decimal value, no commas, no currency, no space) * 2. How much is the opportunity cost of cash, per day? (Use a number, must be in decimal form. eg. 6.3%/100, encode 0.063 , no commas, no currency, no space) * 3. How much is the cost per transaction? (Use a number, no decimal value, no commas, no currency, no space) * PLEASE ANSWER ALL QUESTIONS.…Data collected on the yearly demand for 50- pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Estimate demand for vear 12 with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other two years are each given a weight of 1. Year Demand (Bags) 4 6. 3 4. 4. 10 6 8. 8. 8. 12 10 14 11 15 O A. 13.67 O B. 14.00 OC. 14.87 O D. 11.79 Click to select your answer. Us MacBook Air 888 * ES F2 F4 F6 F7 4) F9 F10 %23 2$ & * 4 6. 7 8 9. Q W R T Y F C V В alt command command option %#3Case Synopsis: Mahindra & Mahindra Ltd., a $23 billion company in 2021, has been the number one tractormanufacturer in India for the last 30 years. The agriculture tractor sale market in India is seasonal in nature andgrowing. To meet demand, the company has four manufacturing plants and 26 sales offices across the country; theirmain job is to coordinate supplies between its 800 dealers and the company. The sales offices provide a rollingdemand forecast of tractors for the current month plus two months in the future. The forecast is used to determine thenumber and models of tractors to manufacture and to support advance ordering of key modules and parts. The deputygeneral manager of sales in the company’s Farm Division has been receiving an increasing number of complaints fromirate dealers about the supply of tractors from the company’s stockyards. He needs your help to fix the situation. 1A. Discuss two additional demand management strategies or tools that MMFE could use to better…
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- Suppose the demand for garlic bread falls. Illustrate the effect this has on the market for garlic bread. Supply Demand Supply Demand Quantity of Garlic Bread Producer surplus in the market for garlic bread Illustrate the effect the quantity change in garlic bread has on the market for garlic. Price of Garlic Bread26. XYZ and Co has provided the following data seeking your advice on optimum investment strategy: Net return data (in paise) Investment made at the of selected investments Amount beginning of year available (Lakh) 1 95 80 70 60 70 2 75 65 60 50 40 3 70 45 50 40 90 60 40 40 30 30 Маximum Investment (Lakh) 40 50 60 60 The following additional information is also provided: (i) P, Q, R and S represent the selected investments. (ii) The company has decided to have four-year investment plan. (iii) The policy of the company is that amount invested in any year will remain so until the end of the fourth year. (iv) The values (paise) in the table represent net return on investment of 7 1 till the end of the planning horizon (for example, a rupee invested in investment P at the beginning of first year will grow to { 1.95 by the end of the fourth year, yielding a return of 95 paise). Using the above, determine the optimum investment strategy. (CA, November, 1996)GIANTS, a sole trader extracted the following trial balance from her books at the close of business on 31st December, 2016: Dr Cr GHȻ GHȻ Purchases and sales 61,420 127,245 Inventory 1 January, 2016 7,940 Capital 1 January, 2016 25,200 Bank overdraft 2,490 Cash 140 Discounts 2,480 62 Returns 3,486 1,356 Carriage outwards 3,210 Rent and insurance 8,870 Allowance for doubtful debts 630 Fixtures and fittings 1,900 Van 5,600 Accounts receivable and trade payable 12,418 11,400 Drawings 21,400 Wages and salaries 39,200 General office expenses 319 168,383 168,383 Additional information: (a) Inventory 31st December, 2016 GHȻ 6,805 (b) Wages and salaries accrued at 31st December, 2016 GHȻ 3,500; Office expenses GHȻ 16 (c) Rent prepaid 31st December, 2016 GHȻ 600 (d) Increase in allowance for doubtful debts by GHȻ 110 to GHȻ 740 (e) Provide for depreciation as follows: Fixtures and fittings GHȻ 190 and Van GHȻ 1,400 5 Required: a) Prepare the income statement…