Determine feasible production combination

Assignment Help Finance Basics
Reference no: EM1366838

Details: 1. The owner of Chips, etc. manufactures two kinds of chips: Lime (L) and Vinegar (V). He has a limited amount of the three ingredients used to produce these chips available for his next production run: 4800 ounces of salt, 9600 ounces of flour, and 200 ounces of herbs. A bag of Lime chips requires 2 ounces of salt, 6 ounces of flour, and 1 ounce of herbs to produce; while a bag of Vinegar chips requires 3 ounces of salt, 8 ounces of flour, and 2 ounces of herbs. Profits for a bag of Lime chips are $0.40, and a bag of Vinegar chips $0.50. Which of the following is not a feasible production combination? (Chapter four)

a. OL and OV
b. OL and 100V
c. 1000L and OV
d. OL and 1200V

2. The production manager for the Rusty soft drink company is considering the production of 2 kinds of soft drinks: regular and diet. Two of her resources are constraint production time (8hours = 480 minutes per day) and syrup (1 of her ingredients) limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drinks are $3.00 per case and profits for diet soft drinks are $2.00 per case. What is the objective function? (Chapter 5)

a. $3R + $2D
b. $3D + $2R
c. $4D + $2R
d. $4R + $2D

3. A transportation table that has a cell evaluation of 0 means that ______________. (Chapter 6).

a. the table is optimal
b. am equivalent alternative solution exists
c. supply and demand are equal
d. the solution is not optimal

4. An important question usually asked by a manager using a PERT chart is ___________________. (Chapter 8)

a. How can I effectively concentrate resources on
activities to speed up the project completion date?
b. What is the variability in the expected project
completion date?
c. What is the expected project completion date?
d. all of the above

5. Goal equations consist of function that defines goal achievement and
deviation variables that measure ______________. (Chapter 9)

a. the number of targets
b. the distance from the target
c. importance of the targets
d. all of the above

 

Reference no: EM1366838

Questions Cloud

What are the guidelines for the brainstorming process : Explain what are the guidelines for the brainstorming process? Identify two problems on or off the job for which you think brainstorming would be effective.
Health care policy : Describe at least one health care policy measure designed to decrease hospitalization of nursing home residents. Are there any disadvantages or limitations of this policy?
Show how changing a name can improve reputation : Do you see where changing the name and improving customer service allows an organization to completely change its reputation and re-group
Create program which tests each member of resistor class : Create program which tests each member of Resistor class to ensure that they work properly. Complete the following Tasks: Create main function and instantiate three Resistor Class objects: Resistor1, Resistor2 and Resistor3.
Determine feasible production combination : he owner of Chips, etc. manufactures two kinds of chips: Lime and Vinegar. He has a limited value of the three ingredients used to produce these chips available for his next production run:
Is a learning organization realistic and sustainable : What do you think about organizations as Learning Organizations and disseminating information throughout a organization? Is this realistic and sustainable?
Nature of the charitable hospital : Describe the nature of the "charitable hospital" and the benefits an institution would have in being termed such.
Explain what is succession planning in an organization : Show what has been your experience with succession planning in the organizations you've worked for
Show the types of workspaces : Describe whether it makes a difference if an employee is in an open area or in an enclosed office.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd