Formulate the problem as a linear program with optimal

Assignment Help Accounting Basics
Reference no: EM13388679

Premier Consulting has two consultants, Avery and Baker, who can be scheduled to work for clients up to a maximum of 160 hours each over the next four weeks.  A third consultant, Campbell, has some administrative assignments already planned and is available for clients up to a maximum of 140 hours over the next four weeks.  The company has four clients with projects in process.  The estimated hourly requirements for each of the clients over the four-week period are

Client

Hours

A

180

B

75

C

100

D

85

Hourly rates vary for the consultant-client combinations and are based on several factors, including project type and consultant's experience.  The rates (dollar per hour) for each consultant-client combination are

Consultant

Client A

Client B

Client C

Client D

Avery

100

125

115

100

Baker

120

135

115

120

Campbell

155

150

140

130

Formulate the problem as a linear program, with the optimal solution providing the hours each consultant should be scheduled to work for each client in order to maximize the consulting firm's billings.  What is the schedule and what is the total billing?

New information shows that Avery doesn't have the experience to be scheduled for Client B.  If this assignment is not permitted, what impact does it have on total billings?  What is the revised schedule?

Reference no: EM13388679

Questions Cloud

The initial investment needed for plant and equipment is : patricia zell a dollmaker from olney maryland is interested in the mass marketing and production of a ceramic doll of
Wilson wonders bonds have 12 years remaining to maturity : discuss the relationship between the price of a bond and interest rates. why does the price of a bond change over its
In a job shop operation four jobs may be performed on any : in a job shop operation four jobs may be performed on any of four machines.nbsp the number of hours required for each
Describe how with trade nebraska end up with 80 million : suppose there are two states that do not trade iowa and nebraska. each state produces the same two goods corn and
Formulate the problem as a linear program with optimal : premier consulting has two consultants avery and baker who can be scheduled to work for clients up to a maximum of 160
There is an agricultural field directly next to the : students should read the scenarios below and respond in the form of an essay which should consist of several paragraphs
Create a journal entry and a t-account entry for each of : create a journal entry and a t-account entry for each of the following transactionsa. 30000 worth of supplies purchased
Find out the average length of the waiting line and the : mcburgers fast-food restaurant has a drive-through window with a single server who takes orders from an intercom and
Consider the following two stocks stock a has an expected : consider the following two stocks stock a has an expected return of 10 and a standard deviation of 8 per year. stock b

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much net operating income increase

Due to an increase in demand, the company estimates that sales will increase by $53,000 during the next year. By how much should net operating income increase (or net loss decrease) assuming that fixed costs do not change?

  Problem related to transportation industry

Select a company that you are familiar with from the transportation industry.

  How would a balanced scorecard for chadwick

How would a balanced scorecard for Chadwick, Inc. differ from ones developed in its divisions, such as the Norwalk Pharmaceutical Division? Do you anticipate that there might be major conflicts between divisional scorecards and those of the corpor..

  Determining loss contingency

Orange Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's asset in that country. If expropriation is reasonably possible, a loss contingency should be:

  Consignment account in the books of consigner

Required: prepare the consignment account in the books of consigner.

  Choose the correct answer from the statements below

Three potential investments projects (A, B, and C) at Clouse Corporation all require the same initial investment, have the same useful life (three years), and have no expected salvage value

  All else constant what would digbys sgampasales ratio be if

all else constant what would digbys sgampasales ratio be if the company had spent an additional 1500000 for dafts

  Conference method for estimating a cost function

Describe the conference method for estimating a cost function. what are two advantages of this method?

  Which of the following statements is not accurate

Which of the following statements is not accurate?

  Does reporting of comprehensive income affect net income

Write some examples of other comprehensive incomeitems. Does reporting of other comprehensive income affect determination of net income and retained earnings?

  1 using the appropriate interest table answer each of the

1 using the appropriate interest table answer each of the following questions. each case is independent of the others.a

  Evaluate the npv for project

An owner decides that he wants to go ahead with manufacturing; he must spend $900,000 for the new equipment-Calculate the NPV for this project. Should it be undertaken?

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