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Raptor Fuels produces three grades of gasoline - Regular, Premium, and Super. All of these are produced by blending two types of crude oil - Crude A and Crude B. The two types of crude contain specific ingredients which help in determining the octane rating of gasoline. The important ingredients and the costs are contained in the following table: CRUDE A CRUDE B Cost per gallon $0.42 $0.47 Ingredient 1 40% 52% Other ingredients 60% 48% In order to achieve the desired octane ratings, at least 41% of Regular gasoline should be Ingredient 1; at least 44% of Premium gasoline must be Ingredient 1, and at least 48% of Super gasoline must be Ingredient 1. Due to current contract commitments, Raptor Fuels must produce at least 20,000 gallons of Regular, at least 15,000 gallons of Premium, and at least 10,000 gallons of Super. a. Formulate a linear program that could be used to determine how much of Crude A and Crude B should be used in each of the gasoline to meet the demands at the minimum cost. b. What is the minimum cost? c. How much of Crude A and Crude B are used in each gallon of the different types of gasoline?
when a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book values, and fair values of net assets acquired are all equal, what consolidation worksheet entry would be made?
Cayuga Meadows purchased 42,000 shares of common stock of Long Corporation as a long-term investment for $1,000,000. During the year, Long Corporation reported net income of $500,000 and paid dividends of $200,000.Instructions:
hanson co. had 200000 shares of common stock 20000 shares of convertible preferred stock and 1000000 of 10 convertible
At a local Bed and Bath Superstore, the manager, Jill Roe, knows her customers will pay no more than $300 for a bedspread. Jill wants a 35% markup on selling price. What is the most that Jill can pay for a bedspread?
cost of merchandise sold, $4,000,000; administrative expenses, $500,000; interest expense, $30,000; rent revenue, $100,000; net sales, $6,500,000; and selling expenses, $750,000. Prepare a single-step income statement.
singletary company had the following select transactions. apr. 1 2010 accepted wilson companys 1-year 12 note in
a company reports the following information for its first year of operations. units produced this year ? units units
ryans operations are divided into metal casting and metal finishing. the casting department uses a departmental
The amount of unrealized intercompany profit which should be eliminated in the consolidation process at the end of 2006 is:
Calculate the amount of gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information.
latin america has some very unique physical geographical climate landforms etc.. phenomena. explain and describe using
Speculating with Currency Futures: Suppose that a March futures contract on Mexican Peso was available in January for $.09 per unit. Also suppose that forward contracts were available for same settlement date at a price of $0.092 per peso.
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