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Old Japan Pottery Co. produces glazed bowls and jugs using two furnaces, one to fire the clay and another to set the glaze. A bowl takes 2 hours to fire in the first furnace, and 1.5 hours for the glaze to set in the second furnace. A jug takes 3 hours to fire in the first furnace, and does not need to glaze in the second furnace. The first furnace has 42 hours of available time, while the second furnace has 22.5 hours of available time. A bowl sells for $30 and a jug sells for $42. How many bowls and jugs should they create to maximize their gross profit? Formulate a linear programming model to solve this problem. List the extreme points and determine the solution graphically. You do not need to submit your graph
Bob and Barbara Castle are each 39 years old and have sought your advice with regard to their financial affairs.
Following are the present value factors for $1 discounted as 8 percent for 1 to 5 periods. Each of the following items is based on 8 percent interest compounded yearly from day of deposit to day of withdrawal.
Discuss and explain the four market structures of pure competition, pure monopoly, monopolistic competition, and oligopoly.
Suppose you want to compare the earnings from two different legal forms for a company, Corporate and Proprietor. Your pre-tax income is $500,000 in both. However there is a difference in the taxes you pay.
Objective type questions Cost of Capital based on CAPM and Companies can issue different classes of common stock
Give the reason why more foreign firms do not sell equity securities in the U.S.
Discuss three situations in which you would not purchase the products of the firm even though it is very socially responsible.
c. What must the rating of the bonds be for them to sell at par?d. Suppose that when the bonds are issued, the price of each bond is $959.54. What is the likely rating of the bonds? Are they junk bonds?
If new technology permits electronic voting to run more smoothly, then, If there is peace in the Middle East that makes oil sources more secure and much less expensive, then
In the year 2000, the Congressional Budget Office offered the following estimates regarding Medicare (the U.S. government program that pays for part of the health costs of individuals who are permanently disabled or over 65 years old)
Why the machine has been depreciated using the straight line method, while the building has been depreciated using the diminishing method. Shouldn't both be depreciated using diminishing?
Suppose the same facts as in the previous example. Determine how much should the city recognize in grant revenue in its government-wide statements.
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