House purchases double and twin beds for resale

Assignment Help Financial Accounting

Reference no: EM133209488

The operations manager of a mail order house purchases double (D) and twin (T) beds for resale. Each double bed costs $500 and requires 100 cubic feet of storage space. Each twin bed costs $300 and requires 90 cubic feet of storage space. The manager has $75,000 to invest in beds this week, and her warehouse has 18,000 cubic feet available for storage. Profit for each double bed is $300 and for each twin bed is $150. The manager's goal is to maximize profits.

What is the objective function?

Group of answer choices

A) P = 500D + 300T

B) P = 300D + 150T

C) P = 150D + 300T

D) P = 300D + 500T

E) P = 100D + 90T

Reference no: EM133209488

Questions Cloud

Role of investments on corporation balance sheet : Reflect on this lesson, and share your thoughts as to the role of investments on a corporation balance sheet.

Balancing budget and payment of public debt : The two guiding principles governing the financial policy of the government are balancing the budget and payment of public debt.

Describe treatment of partnership capital gains : Describe the treatment of partnership capital gains in the determination of a partner's Net Income For Tax Purposes

House purchases double and twin beds for resale : The operations manager of a mail order house purchases double (D) and twin (T) beds for resale. What is the objective function?

Fraud detection-prevention and investigation : What does "governance" mean when it comes to fraud detection, prevention, and investigation? Is LeDuc a good chief executive for LDC?

Ethical philosophy used by accounting profession : What is the ethical philosophy used by the accounting profession? What is integrity?

Sustainability reporting and financial reporting : Consider the similarities and differences between sustainability reporting and financial reporting.

Social networking sites to research job candidates : Organizations are relying more and more on social networking sites to research job candidates.

User Account

All Pages