Question
In: Statistics and Probability
Floataway Tours has $420,000 that can be use to purchase new rental boats for hire during...
Floataway Tours has $420,000 that can be use to purchase new rental boats for hire during the summer. The boats can be purchased from two different manufacturers. Floataway Tours would like to purchase at least 50 boats and would like to purchase the same number from Sleekboat as from Racer to maintain goodwill. At the same time,Floataway Tours wishes to have a total seating capacity of at least 200.
Formulate this problem as a linear program.
Maximum Expected
Boat Builder Cost Seating Daily Profit
Speedhawk Sleekboat $6000 3 $ 70
Silverbird Sleekboat $7000 5 $ 80
Catman Racer $5000 2 $ 50
Classy Racer $9000 6 $110
Solutions
orchestra answered 1 year agoRelated Solutions
discuss the Formation of the hire purchase agreement in Malaysia and the before, during and after...
discuss the Formation of the hire purchase agreement in Malaysia
and the before, during and after the agreement referring to
malaysian hire purchase agreement
Vernon Company has an opportunity to purchase a forklift to use in its heavy equipment rental...
Vernon Company has an opportunity to purchase a forklift to use
in its heavy equipment rental business. The forklift would be
leased on an annual basis during its first two years of operation.
Thereafter, it would be leased to the general public on demand.
Vernon would sell it at the end of the fifth year of its useful
life. The expected cash inflows and outflows follow:
Year
Nature of Item
Cash Inflow
Cash Outflow
2018
Purchase price
$
94,800
2018...
Vernon Company has an opportunity to purchase a forklift to use in its heavy equipment rental...
Vernon Company has an opportunity to purchase a forklift to use
in its heavy equipment rental business. The forklift would be
leased on an annual basis during its first two years of operation.
Thereafter, it would be leased to the general public on demand.
Vernon would sell it at the end of the fifth year of its useful
life. The expected cash inflows and outflows follow: Year Nature of
Item Cash Inflow Cash Outflow 2018 Purchase price $ 94,800 2018...
a) Monster Corp is considering buying a new machine for $420,000. The machine has an 8...
a) Monster Corp is considering buying a new machine for
$420,000. The machine has an 8 year life (S/L)and zero salvage
value. The machine will allow monster to save $75,000/year in
material and labor. Monster will sell an old machine for $55,000.
The sale will take place on the same day the new machine is bought.
The old machine a NBV = 0. The new machine will require an overhaul
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A firm can either use their own employees to keep the office clean, or hire a...
A firm can either use their own employees to keep the office
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regulations require more frequent cleanings for reopened business,
while at the same time there is a decrease in the wages firm must
pay for low and semi-skilled workers. What is the predicted effect
of this on the price and quantity in the market for cleaning
services?
Currently, Atlas Tours has $6.76 million in assets. This is a peak six-month period. During the...
Currently, Atlas Tours has $6.76 million in assets. This is a
peak six-month period. During the other six months, temporary
current assets drop to $570,000.
Temporary current assets
$1,370,000
Permanent current assets
2,140,000
Capital assets
3,250,000
Total assets
$6,760,000
Short-term rates are 5 percent. Long-term rates are 7 percent.
Annual earnings before interest and taxes are $1,250,000. The tax
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a. If the assets are perfectly hedged throughout
the year, what will earnings...
Gluon Inc. is considering the purchase of a new high pressureglueball. It can purchase the...
Gluon Inc. is considering the purchase of a new high pressure
glueball. It can purchase the glueball for $60,000 and sell its old
low-pressure glueball, which is fully depreciated, for $10,000. The
new equipment has a 10-year useful life and will save $14,000 a
year in expenses. The opportunity cost of capital is 11%, and the
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Drake is a department manager in a company which has recently decided to hire a new...
Drake is a department manager in a company which has recently
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At the end of the trial period, Drake evaluated Beth’s performance
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The community park has a small lake where visitors can rent paddle boats at $1 for...
The community park has a small lake where visitors can rent
paddle boats at $1 for 15 minutes, up to 2 hours. After 2 hours,
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Problem Write the piecewise function to model this situation and
graph the function.
1. What is the rental charge at 15 minutes? At 16
minutes? At 45 minutes?
2. If you had only $15, how long could you rent a boat?
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(WomenPower Ltd (WPL) sells sewing machines on hire-purchase. Mrs. Siti, a housewife bought a brand-new sewing...
(WomenPower Ltd (WPL) sells sewing machines on hire-purchase.
Mrs. Siti, a
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hire-purchase. Upon
receiving the machine, Mrs. Siti tried sewing a dress for her
daughter. The machine
actually made holes on the cotton cloth and she could not continue
sewing the
dress.)
1. (Advise Mrs. Siti as to her rights under the hire-purchase
law.)
2. (Define a hire-purchase agreement and the formation of the
agreement under the
Malaysian hire-purchase law.)
3....
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