The nutrients needed and comes at the lowest cost

Assignment Help Financial Management
Reference no: EM131991481

The Minnow Bucket Bait Shop in Land O' lakes, Wi raises trout, their current inventory is 5,000 fish (trout). They want to buy a mix of feed for their trout that both provides the nutrients needed and comes at the lowest cost. In order to do this, they are going to buy and mix two brands of feed. Each pound of Brand-1 feed contains 3.0 ounces of ingredient "A", 4.0 ounces of ingredient "B" and 0.5 ounces of ingredient "C". Each pound of Brand-2 contains 10.0 ounces of ingredient "A", 3.0 ounces of ingredient "B" and no (zero) ounces of ingredient "C". Brand-1 costs $2.20 per pound and Brand-2 costs $3.20 per pound. Each trout needs 85.0 ounces of ingredient "A", 48.0 ounces of ingredient "B" and 2.5 ounces of ingredient "C" per month. How many total pounds of each brand should they buy per month to keep their cost as low as possible and still meet the dietary requirements of the trout? What will the cost per month be? Include your spreadsheet with any formulas noted. Also include a list of the constraints you used.

Reference no: EM131991481

Questions Cloud

The concepts and strategic allocation of financial resources : Examining the relationship between the selected 2 techniques/concepts and strategic allocation of financial resources with respect to revenues and expenses.
Protect intellectual property and patents : According to Stiglitz (2006), what is the problem with the strong rules applied to protect intellectual property and patents, especially in relation to medicine
Necessary to make buying the challenger advantageous : If the MARR is 12% per year find the minimum trade-in value (RV) necessary to make buying the challenger advantageous.
Result of widespread trademark violation : Are there any potential costs to the Chinese economy that may arise as a result of widespread trademark violation?
The nutrients needed and comes at the lowest cost : They want to buy a mix of feed for their trout that both provides the nutrients needed and comes at the lowest cost.
Why does that mean increasing marginal costs : Why does the law of diminishing returns apply to so many different types of production? Why does that mean increasing marginal costs?
Focus on different economic circumstances : Could you please explain in detail the advantages and disadvantages of both fiscal policy and monetary policy in the global economy framework
Disequilibrium corporation issued bonds : Disequilibrium Corporation issued 15-year bonds two years ago at a coupon rate of 8.5 percent.
Review problem on psychology at work : Choose one (1) psychological concept from the list provided below or another concept from your webtext. Then, search online for an article that discusses.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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