Furniture manufacturer can maximize its total revenue

Assignment Help Financial Management
Reference no: EM13768236

A furniture manufacturer produces both large desks and small desks (in whole numbers). Each type of desk is made entirely out of pine or entirely out of cherry. A total of 1000 board feet of pine and 1100 board feet of cherry are available for producing desks each month. A large desk requires either 40 board feet of pine or 35 board feet of cherry. A small desk requires either 20 board feet of pine or 25 board feet of cherry. Each large desk can be sold for $200, and each small desk can be sold for $125. Assume that this company can sell all of the desks it produces each month. Determine how this furniture manufacturer can maximize its total revenue. Construct and solve the model by using Solver.

Reference no: EM13768236

Questions Cloud

Annual effective interest rate : The following two investment options are viewed under an annual effective interest rate of i. Investment A is a 10-year zero coupon bond which redeems at par-value 250. Investment B is a perpetuity-immediate paying an annual payment starting with 4 a..
Environmental health-discuss of food borne illnesses : Please discuss the perspective of food borne illnesses in 2015, compared to what they might have been in 50 or even 100 years ago. Be sure to supply your APA formatted sources that inform your remarks.
Economic development status in turkey and ukraine : Affection of the global recession and Inflation in the economy of any country - causes of the global recessions and inflations on the economy of both countries and the affect of the global recessions and inflations on the economy of both countries.
How your personal thinking about ethics and morality changed : describe how your personal thinking about ethics and morality has changed over the 15 weeks in this course. How did you think about these things before that class began and how has that changed?
Furniture manufacturer can maximize its total revenue : A furniture manufacturer produces both large desks and small desks (in whole numbers). Each type of desk is made entirely out of pine or entirely out of cherry. A total of 1000 board feet of pine and 1100 board feet of cherry are available for produc..
Determine the sample process : Determine the sample process including sample contact, survey distribution, and survey collection.
Write down 5 page summary about the given video : there are 3 link there, pick one of them, watch and write down 5 page summary about the video.
Cumulative business research report : Complete the cumulative Business Research Report in no more than 1,400 words by collaborating with your team to include the following:
Vulnerability to current financial threats : Evaluate Exxon's vulnerability to current financial threats such as a recession, higher interest rates, and global competition.

Reviews

Write a Review

Financial Management Questions & Answers

  What is the current market price of these bonds

Problem 5-1 Bond Valuation with Annual Payments Jackson Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds have a yield to maturity of 1..

  Existing shareholders as a fraction of the funds raised

The market value of the marketing research firm Fax Facts is $900 million. The firm issues an additional $150 million of stock, but as a result the stock price falls by 2%. What is the cost of the price drop to existing shareholders as a fraction of ..

  Its return on equity has dropped from 12.25

Moogle, Inc. is in the same business as Google, Inc., but has recently retired all its debt to become an all-equity firm. Its return on equity has dropped from 12.25% to 10.60% as a result of this

  Calculate the firms net income

Garden Pro Corporation has sales of 4,279,540; income tax of $509,967; the selling, general, and admin expenses of $284,673; depreciation of $340,470; cost of goods sold of $,619,760; and interest expense of $180,429. Calculate the firm’s net income.

  Stock dividend-dividend is paid

An investor owns 1000 shares of stock in ABC Corp. with a market value of $1,200. ABC declares a 20% stock dividend. After the dividend is paid, John owns____________

  What will be dividend payout ratio

Puckett follows a residual distribution policy with all distribution as dividends, what will be its dividend payout ratio?

  How many different systems can the electronics firm offer

An electronics firm sells 5 models of stereo receivers, 9 CD decks, and 12 speaker brands. When the three types of components are sold together, they form a "system." How many different systems can the electronics firm offer?

  Rating of a companys brand of multi-featured cameras

Which one of the following is NOT a way to improve the P/Q rating of a company's brand of multi-featured cameras?

  Discuss the method of determining the fair value for forward

International business activities are inherently more attractive to large companies in mature markets than to small high growth US companies. True or false. Why or why not. Discuss the method of determining the “fair value” for forward, futures and o..

  Which instrument do you want to be short and long

Suppose the current one-month futures price for a 2-year U.S. Treasury note is 99.77 (percent of par) with a yield of about 1% and the current one-month futures price for a 10-year U.S. Treasury note is 95.17 with a yield of about 3.7%. The 2-year no..

  Change in bond price as the market yield changes

What is the Modified Duration of this bond when the market yield is at YTM and explain why and when Modified Duration under-predicts and over-predicts the change in bond price as the market yield changes.

  Project will produce a positive cash flow

East coast television is considering a project with initial outlay of $X (you will have to determine this amount) It is expected that the project will produce a positive cash flow of 41,000 a year at the end of each year for the next 14 years. The ap..

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