Question
In: Operations Management
River Explorer Store rents canoes and kayaks to the visitors. The store has $100,000 in budget...
River Explorer Store rents canoes and kayaks to the visitors. The store has $100,000 in budget to buy kayaks and canoes. Each canoe cost $600 and could be rented out for $25/day. On the other hand, each kayak cost $750 and could be rented out for $30/day. The shop has room to carry at most 100 boats of any type. In this situation how many of each type of boat the store should buy in order to maximize revenue. Keep in mind that the number of Canoes has to be at least twice the number of kayaks.
***PLEASE SHOW ALL STEPS, FORMULAS, ANSWERS ALL THROUGH EXCEL***
Solutions
keosha answered 1 year agoRelated Solutions
effect of Errors in Physical Inventory Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and...
effect of Errors in Physical Inventory
Madison River Supply Co. sells canoes, kayaks, whitewater rafts,
and other boating supplies. During the taking of its physical
inventory on December 31, 20Y8, Madison incorrectly counted its
inventory as $773,020 instead of the correct amount of
$796,210.
Enter all amounts as positive numbers.
a. State the effects of the error on the
December 31, 20Y8, balance sheet of Madison River Supply.
Balance Sheet Items
Understated/Overstated
Amount
Inventory
$
Current Assets
$
Total Assets...
Effect of Errors in Physical Inventory Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and...
Effect of Errors in Physical Inventory
Madison River Supply Co. sells canoes, kayaks, whitewater rafts,
and other boating supplies. During the taking of its physical
inventory on December 31, 20Y8, Madison incorrectly counted its
inventory as $546,910 instead of the correct amount of
$563,320.
Enter all amounts as positive numbers.
a. State the effects of the error on the
December 31, 20Y8, balance sheet of Madison River Supply.
Balance Sheet Items
Understated/Overstated
Amount
Inventory
$
Current Assets
$
Total Assets...
Effect of Errors in Physical Inventory Missouri River Supply Co. sells canoes, kayaks, whitewater rafts, and...
Effect of Errors in Physical Inventory
Missouri River Supply Co. sells canoes, kayaks, whitewater
rafts, and other boating supplies. During the taking of its
physical inventory on December 31, 20Y2, Missouri River Supply
incorrectly counted its inventory as $722,640 instead of the
correct amount of $744,320.
Enter all amounts as positive numbers.
a. State the effect of the error on the
December 31, 20Y2, balance sheet of Missouri River Supply.
Balance Sheet Items
Understated/Overstated
Amount
Merchandise Inventory
$
Current Assets...
Effect of Errors in Physical Inventory Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and...
Effect of Errors in Physical Inventory
Madison River Supply Co. sells canoes, kayaks, whitewater rafts,
and other boating supplies. During the taking of its physical
inventory on December 31, 20Y8, Madison incorrectly counted its
inventory as $623,730 instead of the correct amount of
$642,440.
Enter all amounts as positive numbers.
a. State the effects of the error on the
December 31, 20Y8, balance sheet of Madison River Supply.
Balance Sheet Items
Understated/Overstated
Amount
Inventory
$
Current Assets
$
Total Assets...
Effect of Errors in Physical Inventory Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and...
Effect of Errors in Physical Inventory
Madison River Supply Co. sells canoes, kayaks, whitewater rafts,
and other boating supplies. During the taking of its physical
inventory on December 31, 20Y8, Madison incorrectly counted its
inventory as $352,700 instead of the correct amount of
$363,280.
Enter all amounts as positive numbers.
a. State the effects of the error on the
December 31, 20Y8, balance sheet of Madison River Supply.
Balance Sheet Items
Understated/Overstated
Amount
Inventory
Understated
$
Current Assets
Understated
$...
Effect of Errors in Physical Inventory Missouri River Supply Co. sells canoes, kayaks, whitewater rafts, and...
Effect of Errors in Physical Inventory
Missouri River Supply Co. sells canoes, kayaks, whitewater
rafts, and other boating supplies. During the taking of its
physical inventory on December 31, 20Y2, Missouri River Supply
incorrectly counted its inventory as $507,150 instead of the
correct amount of $522,360.
Enter all amounts as positive numbers.
a. State the effect of the error on the
December 31, 20Y2, balance sheet of Missouri River Supply.
Balance Sheet Items
Understated/Overstated
Amount
Merchandise Inventory
$fill in the...
Sweet Company, a specialty chocolate store, prepares a master budget on a quarterly basis. The company has...
Sweet Company, a specialty chocolate store, prepares a master
budget on a quarterly basis. The company has assembled
the following data to assist in preparing its master budget for the
first quarter:
a. As of December 31 (the end of the prior quarter), the
company’s general ledger showed the following account balances:
Debits
Credits
Cash
$ 50,000
Accounts Receivable
162,500
Inventory
58,000
Buildings and Equipment (net)
370,000
Accounts Payable
$ 65,000
Capital Stock
412,500
Retained Earnings
163,000
$640,500
$640,500
b. Actual sales for...
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