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
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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...
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Currently, Atlas Tours has $6.76 million in assets. This is a peak six-month period. During the...
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Temporary current assets
$1,370,000
Permanent current assets
2,140,000
Capital assets
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Total assets
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Short-term rates are 5 percent. Long-term rates are 7 percent.
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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
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(WomenPower Ltd (WPL) sells sewing machines on hire-purchase. Mrs. Siti, a housewife bought a brand-new sewing...
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daughter. The machine
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sewing the
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1. (Advise Mrs. Siti as to her rights under the hire-purchase
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2. (Define a hire-purchase agreement and the formation of the
agreement under the
Malaysian hire-purchase law.)
3....
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