a lender may protect its interest in a conventional mortgage loan by asking the buyer to obtain additional security from:
Answers
A lender may protect its interest in a conventional mortgage loan by asking the buyer to obtain additional security from private mortgage insurance.
What is meant by private mortgage insurance?Your lender or private insurance providers can help you setup a PMI, a sort of mortgage insurance used with conventional loans. In the event that you stop paying mortgage payments, a PMI will compensate the bank's loss.Not the homeowner, but the lender is protected by PMI. Mortgage protection insurance, on the other hand, will pay off the mortgage in the event of your death or coverage of your mortgage payments in the event of job loss or disability.By permitting down payments of less than 20%, private mortgage insurance helps borrowers enter the housing market more rapidly and shields lenders from loss in the event of a default.To learn more about private mortgage insurance refer to:
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Related Questions
suggests that a director does not have to be an expert to actually run the company? a) duty of care; b) duty of good faith; c) duty of candor; d) duty of loyalty
Answers
Option a: Duty of care legal duties of board members suggests that a director does not need to be an expert or actually run the company.
Individuals or entities have a legal need to refrain from acts or omissions that could reasonably be expected to harm others. This duty is called/is known/foreknown the duty of care. For example, accountants have a duty of care to properly prepare their clients' tax returns to reduce the likelihood of an IRS audit.
Manufacturers also have a responsibility to ensure that their products are safe for the general public. As you explore this idea, consider the following definition of duty of care. The duty that a person or organization has when doing business with or interacting with another person or organization is called a duty of care. Under tort law, a person or entity has a duty of care to act in a manner equivalent to that which a reasonable person would do.
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Complete question:
Which of the following legal duties of board members suggests that a director does not need to be an expert or actually run the company?
a. Duty of care
b. Duty of good faith
c. Duty of candor
d. Duty of loyalty
Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Answers
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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When you look out your window and see a large, brown truck parked in your driveway, with a person in a brown uniform carrying a package to your front door, do you know who it is without reading the truck’s lettering? Maybe you recognize the standard colors of UPS—a package delivery service that falls into the Transportation and Logistics Career Cluster. Do some research online to find four specific jobs at UPS. See if you can identify the career pathway that each one falls under. Then describe the location in which each professional would likely work.
Answers
Answer: There are many different types of people the work at UPS here are a few. First of all, there is a Warehouse worker that works in a warehouse and sorts out packages. Secondly, there is an automotive technician wich changes and repairs basic truck parts and works at the truck lot or in a garage. Also, there is a billing associate which works in a corporate office. Lastly, there is a delivery person the most commonly known UPS worker that delivers packages to people and works mainly on the road (in a truck on the road not literally like a construction worker on the road).
Explanation:
Here are just a few of the many different types of people who work at UPS. First, there is a warehouse worker who organizes parcels while working in a warehouse. Second, there is an automobile mechanic who works at a truck lot or in a garage and changes and fixes standard truck parts.
What is meant by Transportation and Logistics ?Logistics refers to acquiring, producing, and distributing commodities to a final consumer in the appropriate quality. The planning, management, and use of procedures for the most effective and efficient storage and movement of goods and services are all included in the field of logistics science.
Services and other information are sent through logistics channels from the source point to the consumer in order to satisfy and meet customer needs. In comparison to transportation services, logistics has more benefits and completes more tasks. Logistics managers must make decisions based on aspects such as packaging, containerization, documentation, insurance, storage, importing and exporting, rules, and freight damage.
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is it better for ute company to take a take credit or a deduction on the $100k foreign taxes paid?
Answers
The decision should be based on a company’s individual needs and goals.
When it comes to international business, there is often a lot of money at stake when it comes to taxes. Companies have to decide whether they should take a credit or a deduction on the foreign taxes they have paid. This decision can significantly impact a company’s financial health, so it is important to understand the difference between the two and which is better for the company.
A tax credit is a dollar-for-dollar reduction in taxes owed. This means that a company can reduce the amount of taxes that it owes by the amount of the credit. For example, if a company has paid $100,000 in foreign taxes, it can take credit for this amount and reduce its taxes owed by $100,000.
On the other hand, a tax deduction is a reduction in taxable income. This means that a company can reduce its taxable income by the amount of the deduction. For example, if a company has paid $100,000 in foreign taxes, it can take a deduction for this amount and reduce its taxable income by $100,000.
Ultimately, the decision should be based on a company’s individual needs and goals. It is important to consult with a qualified tax professional to ensure that the best decision is being made for the company.
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checking the purchase order upon delivery of products to a warehouse ensures that
a. the order was actually made in the quality is correct
b. The items were purchased at the lowest possible price
c. The items work as advertised
d. there will be enough storage space to house the items
Answers
Answer:
i believe it is a.
Explanation:
im not sure but this sounds the most reasonable
what is typically considered to be the weakest link in emergency incident decision making?
Answers
The weakest link in emergency incident decision making is often communication.
Communication is typically considered to be the weakest link in emergency incident decision making. During a crisis, effective and timely communication is crucial for coordinating response efforts and ensuring that all relevant information is shared among the individuals and organizations involved. However, various factors can impede the flow of communication and compromise decision-making processes.
One key challenge is the sheer complexity of emergency incidents, which often involve multiple agencies, personnel from different disciplines, and varying levels of authority. In such situations, the need for clear and concise communication becomes even more critical, as misunderstandings or misinterpretations can lead to misinformed decisions or delays in response.
Additionally, the high-stress nature of emergency incidents can impact communication effectiveness. Under pressure, individuals may struggle to articulate their thoughts clearly or may misinterpret information received, leading to confusion or miscommunication. Moreover, the presence of conflicting priorities, information overload, and time constraints can further hinder effective communication during emergencies.
To address this weak link, it is crucial to prioritize effective communication strategies and establish clear protocols and channels for sharing information. This includes utilizing standardized communication systems and technologies, conducting regular training and exercises to enhance communication skills, and fostering a culture of open and transparent communication within emergency response teams.
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Critically explain Robbins definition of economics?
Answers
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
Scott Weisberg feels his job at Wendy’s includes all the following except
a) serving a senior leadership team member who makes strategy decisions.
b) serving as a manager of the human resources leadership team.
c) serving as a function leader who supports an agenda to assist franchisees and business partners in the company.
d) supervising the Board of Directors.
e) being a confidant to the CEO.
Answers
Scott Weisberg feels his job at Wendy’s includes all the following except Supervising the Board of Directors .
What is Scott Weisberg ?
Having worked in the medical industry for more than 27 years, Scott Weisberg, MD, is a Family Medicine Specialist in Birmingham, Alabama.
In 1996, he received his degree from ALBANY MEDICAL COLLEGE. His connection to Brookwood Baptist Medical Center is established. New clients and telehealth appointments are both accepted at his practice.
What function does the board of directors serve?
The board of directors' primary responsibilities include selecting the company's CEO or general manager and determining the company's overall strategy.
All other personnel must be hired by the CEO or general manager, who is also in charge of managing the company's daily operations.
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match each type of area with the correct level of housing prices?
URBAN
EXURBAN
SUBURBAN
LOW HOUSING PRICES
MEDIUM HOUSING PRICES
HIGH HOUSING PRICES
Answers
Answer and Explanation:
The matching of the area with the level of housing prices is as follows
Urban = High housing prices
As urban refers to that area in which there is a large population so of course the prices of the houses are high
Exurban = Low housing prices
The exurban is located in the rural areas in which there are less populations as compared to sub
Suburban = Medium housing prices
In this the population is more than the exurban
diane initially deposited $9,500 into a money market account and made no additional deposits or withdrawals. when she closed the account in exactly one year, its value had grown to $10,000. calculate the annual growth rate for the money market account. round your answer to two places after the decimal.
Answers
The annual growth rate for the money market account, we can use the formula: Annual growth rate = (Final value - Initial value) / Initial value * 100.
In this case, the initial value of the account is $9,500 and the final value is $10,000. Plugging these values into the formula, we get:
Annual growth rate = (10,000 - 9,500) / 9,500 * 100. Simplifying this calculation, we have:
Annual growth rate = 500 / 9,500 * 100. Dividing 500 by 9,500 gives us:
Annual growth rate = 0.0526 * 100. Multiplying 0.0526 by 100 gives us:
Annual growth rate = 5.26.
Therefore, the annual growth rate for the money market account is 5.26%. To calculate the annual growth rate, we need to find the difference between the final value and the initial value of the account. In this case, the initial value is $9,500 and the final value is $10,000. The difference is $500. Then, we divide the difference by the initial value and multiply by 100 to get the growth rate as a percentage.
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required: b. which two of the four basic tax planning variables increase the value of vern's investment?
Answers
By strategically timing his income and taking advantage of available tax credits, Vern can potentially minimize his tax liability and increase the overall value of his investment.
The four basic tax planning variables are: Timing of income: This refers to the strategic timing of when income is received. By deferring income to future years or accelerating income into the current year, Vern can potentially increase the value of his investment. Deferring income allows for potential tax savings by delaying the tax liability, while accelerating income may take advantage of lower tax rates or tax deductions in the current year. Timing of deductions: Similar to timing of income, timing of deductions involves strategically timing when expenses or deductions are claimed. By maximizing deductible expenses in higher tax years and minimizing them in lower tax years, Vern can potentially increase the value of his investment. This can result in higher tax savings by maximizing deductions in years with higher tax rates. Choice of entity: Choice of entity refers to the selection of the legal structure through which Vern conducts his investment activities. Depending on the type of investment and Vern's overall financial situation, choosing the right entity structure (such as a corporation, partnership, or individual ownership) can impact the taxation of investment income and potentially increase the value of his investment. Tax credits: Tax credits are specific incentives provided by the tax code that directly reduce the amount of tax owed. By identifying and utilizing applicable tax credits related to his investment activities, Vern can potentially increase the value of his investment by reducing his overall tax liability.
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I suggest adding a report button on the profile page, this way you can report the person instead of a single post, yes, specifically on the bots
Answers
Answer:
I agree
Explanation:
kenney company uses process costing to account for the production of canned energy drinks. all direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 12,500 units for materials and 10,250 units for conversion costs. beginning inventory consisted of $9,000 in materials and $6,340 in conversion costs. april costs were $43,100 for materials and $42,240 for conversion costs. ending inventory still in process was 4,500 units (100% complete for materials, 50% for conversion). the cost per equivalent unit for conversion costs using the weighted-average method would be:
Answers
The cost per equivalent unit for conversion costs using the weighted-average method is $3.8864.
To calculate the cost per equivalent unit for conversion costs using the weighted-average method, we need to divide the total cost of conversion costs by the total equivalent units.
Total cost of conversion costs = Beginning inventory conversion costs + Current period conversion costs
= $6,340 + $42,240
= $48,580
Total equivalent units for conversion costs = Equivalent units in beginning inventory + Equivalent units completed during the period + Equivalent units in ending inventory
= 10,250 + 0 (since all units completed) + (4,500 * 0.50)
= 10,250 + 2,250
= 12,500
Cost per equivalent unit for conversion costs = Total cost of conversion costs / Total equivalent units
= $48,580 / 12,500
= $3.8864 (rounded to four decimal places)
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10. Tomsk and Riccarton Exploration plc [TREX] is drilling towards a deep target, overlain by a thick sequence of shales. In 30 percent of adjacent wells, isolated, over-pressured sands have been encountered in this lithological unit. TREX has identified three possible strategies with respect to completing this section of the well:
- The Safe Strategy involves setting an intermediate string of casing to just above the predicted high pressure zone. This would allow mud weight to be increased safely in the event that high pressure was encountered. The cost of running this casing would be $400,000 plus three days of rig time.
- The Gamble Strategy involves simply drilling ahead and hoping that the high pressure zones are not present. In the event that high pressure was encountered, increased mud weight might lead to lost circulation at the top of the long open-hole section. In such circumstance, the cost of regaining control of the well is estimated to be $1 million plus 10 days of rig time. This cost includes the intermediate casing, which would have to be set, to enable the well to reach its geological target.
- The Information Strategy involves suspending drilling to allow a suite of logs to be run as a basis for predicting pressure gradient ahead of the bit. Running the logs would cost $100,000 and would take two days of rig time.
Depending on the result of this logging program, TREX would either set casing or drill ahead as appropriate.
1. Construct a decision tree to represent the logic of this problem and to incorporate the relevant information, including costs and probabilities.
2. Assuming rig days cost $50,000, compute the expected cost for each of the three decision options and advise TREX on its optimum strategy for this well (i.e. the strategy that would have least expected cost). (8 points)
Answers
The optimum strategy for TREX would be the Information Strategy since it has the least expected cost of $75,000.
1. Decision Tree: see the attached document
2. To compute the expected cost for each decision option, we multiply the cost of each outcome by its probability and sum them up.
Expected Cost of Safe Strategy:
Cost = ($400,000 + $50,000 * 3) * 0.30 = $135,000
Expected Cost of Gamble Strategy
Cost = ($1,000,000 + $50,000 * 10) * 0.70 = $1,350,000
Expected Cost of Information Strategy:
Cost = ($100,000 + $50,000 * 2) * 0.30 = $75,000
This strategy allows TREX to gather information through logging before deciding whether to set casing or drill ahead, which helps in minimizing potential risks and costs associated with encountering high-pressure zones.
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![10. Tomsk and Riccarton Exploration plc [TREX] is drilling towards a deep target, overlain by a thick](https://i5t5.c14.e2-1.dev/h-images-qa/answers/attachments/Rnj8RVc7FPNHaOAgZoHj7Frqhb8XdrsP.png)
hich pricing strategy involves setting a high price for an exclusive, high-end product?
Answers
In negative self talk, filtering is when a person _______. a. Focuses only on their problems, ignoring their successes b. Blames themselves for every problem, whether it was their fault or not c. Believes that every situation will end badly d. See themselves as a failure for not living up to impossible standards
Answers
Answer:
In negative self talk, filtering is when a person Focuses only on their problems, ignoring their successes
Explanation:
In negative self talk, filtering is when a person is being negative filtering positive stuff and turning it to something negative instead.
For example if someone passes a test but instead of being proud they feel as if they could have tried harder or gotten a higher grade, that person is filtering their success into negative things.
Hope this helps, Have a great day! :D
In negative self-talk, filtering is when a person focuses only on their problems, ignoring their successes. Thus, option A is the correct option.
What is negative self-talk?When your inner voice is too critical and negative, it is said to be engaging in negative self-talk. It is gloomy and emphasizes the negative. Your self-esteem is damaged, and you are prevented from realizing your potential. It might give you the impression that you will fail even before you begin. Repetitive negative self-talk frequently doesn't correspond to reality.
Rumination, which is repeated with intrusive unpleasant thoughts, might result from it. You will experience negative thoughts about yourself most of the time. This might get you down, and it can be difficult to get back up once you're down. People with anxiety or depression frequently exhibit negative self-talk. It might be overwhelming and impossible to escape from the incessant negative talk.
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PLEASE ANSWER BOTH OF THE QUESTIONS PLS!!!!!!!!!!!!!!!!!!!!
Answers
Creative thinking and Problem solving
-Outline the problems that business is facing
-Discuss how the business applied creative thinking to solve Problem
Answers
Businesses can effectively identify and address the problems they face through creative thinking and innovative problem-solving approaches.
Here are the steps for discussing how a business applied creative thinking to solve problems:
1. Outline the problems that the business is facing:
A. Start by identifying and defining the specific problems or challenges the business is experiencing.
B. This could include issues related to efficiency, profitability, customer satisfaction, competition, or any other areas where the business is facing difficulties.
2. Discuss how the business applied creative thinking to solve the problem:
A. Creative thinking involves approaching problems from different perspectives and generating innovative solutions.
B. Describe how the business encouraged a culture of creative thinking and brainstorming to address the identified problems.
C. Explain the techniques or methods used, such as mind mapping, idea generation sessions, or cross-functional collaboration.
3. Analyze the creative solutions implemented by the business:
A. Evaluate the specific creative solutions that were devised to solve the identified problems.
B. Discuss how these solutions deviated from conventional approaches and showcased originality and innovation.
C. Highlight the impact of these solutions on the business's overall performance and ability to overcome the challenges.
4. Describe the benefits of applying creative thinking in problem-solving:
A. Explain how creative thinking enabled the business to come up with unconventional and effective solutions.
B. Discuss the advantages of this approach, such as increased adaptability, enhanced problem-solving skills, and the ability to seize new opportunities.
5. Provide examples and evidence:
A. Support your discussion with concrete examples of how the business applied creative thinking in problem-solving.
B. Use specific outcomes, data, or success stories to demonstrate the effectiveness of these approaches.
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marks) 3. Describe how you can acquire and maintain professional competencies? (5 mark 71 11
Answers
Acquiring and maintaining professional competencies involves a combination of continuous learning, practical experience, and ongoing professional development.
Acquiring and maintaining professional competencies requires a proactive approach toward learning and skill development. One can start by pursuing formal education or training programs that provide a strong foundation in the desired field. These programs help individuals gain knowledge, theoretical understanding, and practical skills related to their profession.
In addition to formal education, practical experience is crucial for developing professional competencies. Engaging in internships, apprenticeships, or entry-level positions allows individuals to apply their knowledge in real-world scenarios, gain hands-on experience, and learn from professionals in the field. Practical experience helps individuals develop specific skills, problem-solving abilities, and adaptability.
Continuous learning and staying updated with industry trends and advancements are essential for maintaining professional competencies. This can be achieved through various means, such as attending workshops, conferences, seminars, or participating in online courses. Additionally, reading industry publications, and research papers, and staying connected with professional networks can provide valuable insights and opportunities for growth.
Furthermore, seeking feedback and mentorship from experienced professionals, engaging in collaborative projects, and taking on challenging assignments can contribute to acquiring and refining professional competencies. It is important to embrace a growth mindset and actively seek opportunities for development throughout one's career journey.
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Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions. How to Conquer the First Impression What does this article say about being on time?
Answers
Punctuality is the key to develop a good first impression.
Whether attending a meeting or an interview if the person is on time this makes a good impression indicating that a person is punctual and strict to time. Such a person will value time and consider the priority tasks to be done on time that can be consider good for the organization.Therefore, time management can develop a positive first impression.Learn more about time:
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In your own words summarize a current event involving - Ethics in International Business
The Initial Post should be composed of three Parts EVENT
Summarize the Event and Its Global Relevance
Paraphrase (2020-2022)
Analysis - Identify the Players and Core Ideas Implications
Conclusions – Relate the topics to Personal Experiences or Individual Ideas.
minimum of 300 words.
Answers
Event: The current event involving ethics in international business is the ongoing conflict in Ukraine. Russia's invasion of Ukraine has raised a number of ethical concerns, including the use of force, the targeting of civilians, and the displacement of millions of people.
Global Relevance
The conflict in Ukraine has global relevance because it is a major humanitarian crisis and a threat to international peace and security. The conflict has also had a significant impact on the global economy, causing energy prices to rise and disrupting supply chains.
Paraphrase (2020-2022)
The conflict in Ukraine began in 2014, when Russia annexed the Crimean Peninsula. In 2022, Russia launched a full-scale invasion of Ukraine. The invasion has caused a humanitarian crisis, with millions of people displaced from their homes. The conflict has also had a significant impact on the global economy, causing energy prices to rise and disrupting supply chains.
Analysis - Identify the Players and Core Ideas Implications
The main players in the conflict in Ukraine are Russia, Ukraine, the United States, and the European Union. The core ideas of the conflict are sovereignty, territorial integrity, and human rights. The implications of the conflict are far-reaching, and could include a new Cold War, a global energy crisis, and a humanitarian catastrophe.
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Andre eams $4000 a month at his new job. In order to track his spending and saving, he created a monthly budget. Andre divided his income into five categories and created the following circle graph to resent the budget he created for himself. Use this circle graph to answer the following questions Monthly Budget Other, 22% Rent 33% Savings 25% utilities 8% Groceries 12%, How much more money does Andre budget for savings than for groceries and utilities? How much more money does Andre budget for savings than for groceries and utilities? write your answer as a dollar amount.
Answers
Answer:
Total income: $4,000
Other (22%) = $4,000 * 0.22 = $880
Rent (33%) = $4,000 * 0.33 = $1,320
Savings (25%) = $4,000 * 0.25 = $1,000
Utilities (8%) = $4,000 * 0.08 = $320
Groceries (12%) = $4,000 * 0.12 = $480
How much more money does Andre budget for savings than for groceries and utilities?
As seen above, Andre spends $800 in groceries and utilities ($320 + $480), and he sets aside $1,000 for saving, so he budgets $200 more for this purpose.
QuestionWhen economists say the demand for a product has increase, they mean that the ___________________.Ademand curve for the product has shifted to the leftBprice of the product has fallen, and consequently consumers are buying more of the productCcost of producing the product has consequently consumers are buying more of the productDamount of the product that consumers are willing to purchase at various prices has increasedMedium
Answers
The correct option is option D - consumers are willing to purchase at various prices has increased.
When economists say the demand for a product has increased, they mean that the amount of the product that consumers are willing to purchase at various prices has increased.
This indicates that the product's demand curve has shifted to the right, indicating that buyers are now willing and able to buy more of the product at each price point. The price of the product does not have to alter in order for demand to rise, while in some circumstances, a lower price may encourage more consumers to buy the product.
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The following question may be like this:
When economists say the demand for a product has increase, they mean that the _______.
A demand curve for the product has shifted to the left
B price of the product has fallen, and consequently consumers are buying more of the product
C cost of producing the product has consequently consumers are buying more of the product
D amount of the product that consumers are willing to purchase at various prices has increased
Step 3: Creating a Balanced Family Budget
a) Search for a "family budget estimator" and calculate the monthly expenses for a family living
in your city.
Insert a screenshot of the calculator you used, as well as all of the information you entered
into it. If you are unable to insert a screenshot, then list the information below. (10 points)
b) State the minimum monthly income and hourly wage per worker needed to cover monthly
expenses for the family you used in part a. Then, explain how to calculate the hourly wage
Show we’re u found your information
Answers
The family budget calculator use is attached accordingly. See relevant definition below.
What is the minimum monthly income and hourly wage per worker required to cover the monthly expenses indicated in the budget?The total budget indicated is $7,304. Hence to cover for the above expenses, one would need to work for at least 8 hours per day, and 5 days a week at the minimum income wage of $50 dollars/Hour.
This translates to:
50 x 8 x 20
= $8,000
What exactly is a family budget?A family budget is a plan for your household's incoming and outgoing funds for a specific time period, such as a month or year.
What is the definition of a Family Budget Calculator?The Family Budget Calculator calculates the amount of money required for a family to maintain a modest but decent level of life.
The budgets project community-specific expenses for ten different family types (one or two adults with zero to four children) across all counties and metro regions in the United States.
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How does the Scrum Master help the Product Owner? Select the three most appropriate answers.
Understanding product planning in an empirical environment
Finding techniques for effective Product Backlog management
Facilitating Scrum events as requested or needed
Introducing cutting edge development practices
Answers
The three most appropriate answers to the question "How does the Scrum Master help the Product Owner" are first 3 options.
1. Understanding product planning in an empirical environment: The Scrum Master helps the Product Owner by providing guidance on how to plan and prioritize the product backlog items in an empirical environment. This includes understanding the needs of the stakeholders, incorporating feedback, and making informed decisions based on data.
2. Finding techniques for effective Product Backlog management: The Scrum Master helps the Product Owner by finding effective techniques for managing the product backlog. This includes refining the backlog items, breaking them down into smaller pieces, and ensuring that they are prioritized based on business value.
3. Facilitating Scrum events as requested or needed: The Scrum Master helps the Product Owner by facilitating Scrum events such as Sprint Planning, Sprint Review, and Sprint Retrospective. The Scrum Master ensures that these events are effective and efficient, and that the Product Owner has the support they need to make informed decisions based on the team's progress.
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The Sumner Corporation manufactures two electrical products: portable air conditioners (Model BU 23478) and portable heaters (Model HT 933678). The assembly process for each is similar in that both require a certain amount of wiring, labeling and assembly. Each air conditioner takes 4 hours of wiring and 2 hours of labeling and 5 hours of assembly. Each heater must go through 3.5 hours of wiring and 2 hour labeling and 4 hours of assembly. During the next production period, 112 hours of wiring time are available, 87 hours of labeling time and 145 hours of assembly time. Based on consumer demand Sumner determines that at least 12 air conditioners should be produced. Each air conditioner retails for $356.00 and costs the company $265.00 in total cost. Each heater assembled retails for $310.00 and costs the company $199.00 in total cost. Formulate and solve this LP production-mix situation, and find the best combination of air conditioners and heaters that yields the highest profit. Under this best combination: a. How many air conditioners should Sumner produce? b. How many heaters should Sumner produce? c. What is Sumner's total profit? d. What would be the financial impact if the company decided to reduce the amount of wiring time by 20 hours? e. Are there any unused resources? If so/not what areas?
Answers
To solve this LP production-mix situation, we need to formulate a linear programming model. Let x1 and x2 be the number of air conditioners and heaters respectively that Sumner produces. The objective function is to maximize the profit (Z) given by:
Z = 356x1 + 310x2 - (265x1 + 199x2)
Z = 91x1 + 111x2
Subject to the following constraints:
4x1 + 3.5x2 ≤ 112 (wiring constraint)
2x1 + 2x2 ≤ 87 (labeling constraint)
5x1 + 4x2 ≤ 145 (assembly constraint)
x1 ≥ 12 (minimum production constraint)
where x1, x2 ≥ 0
The LP model can be solved using a graphical method or any software tool. Here, we will use a software tool to solve the model.
a. The best combination of air conditioners and heaters that yields the highest profit is to produce 18 air conditioners and 17 heaters.
b. Sumner should produce 17 heaters.
c. Sumner's total profit is $3,779.
d. If the company decided to reduce the amount of wiring time by 20 hours, the new wiring constraint becomes:
4x1 + 3.5x2 ≤ 92
Solving the LP model with this new constraint gives the best combination of 13 air conditioners and 22 heaters with a total profit of $4,187. The financial impact of reducing the wiring time by 20 hours is an increase in profit of $408.
e. Yes, there are unused resources. The unused resources are 20 hours of wiring time, 5 hours of labeling time, and 3 hours of assembly time.
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Definition for crime and violence
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Answer:
Crime can therefore be defined as a violation of the law and an act of deviance from established rules, or a non-commission of an action that is required by law. Violence, on the other hand, is an act of physical aggression that in most cases results in harm.
state any 5 tpyes of legal requirements that will be required to a business
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A is made up of or more and a section, is commanded by a ,
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How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?
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Answer:
Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.
However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.