Business, 28.02.2021 17:10 kay7766

Romans Food Market, located in Saratoga, New York, carries a variety of specialty foods from around the world. Two of the storeâ€™s leading products use the Romans Food Market name: Romans Regular Coffee and Romans DeCaf Coffee. These coffees are blends of Brazilian Natural and Colombian Mild coffee beans, which are purchased from a distributor located in New York City. Because Romans purchases large quantities, the coffee beans may be purchased on an as-needed basis for a price 10% higher than the market price the distributor pays for the beans. The current market price is $0.48 per pound for Brazilian Natural and $0.61 per pound for Colombian Mild. The compositions of each coffee blend are as follows: Blend
BeanRegularDeCaf
Brazilian Natural80%40%
Colombian Mild20%60%
Romans sells the Regular blend for $2.8 per pound and the DeCaf blend for $4.4 per pound. Romans would like to place an order for the Brazilian and Colombian coffee beans that will enable the production of 850 pounds of Romans Regular coffee and 500 pounds of Romans DeCaf coffee. The production cost is $0.75 per pound for the Regular blend. Because of the extra steps required to produce DeCaf, the production cost for the DeCaf blend is $1.14 per pound. Packaging costs for both products are $0.25 per pound. Formulate a linear programming model that can be used to determine the pounds of Brazilian Natural and Colombian Mild that will maximize the total contribution to profit.

LetBR = pounds of Brazilian beans purchased to produce Regular
BD = pounds of Brazilian beans purchased to produce DeCaf
CR = pounds of Colombian beans purchased to produce Regular
CD = pounds of Colombian beans purchased to produce DeCaf
If required, round your answers to four decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300)

The complete linear program is

Max + + +
s. t.
+ =
+ =
=
+ =
BR, BD, CR, CD â‰¥ 0
What is the contribution to profit? If required, round your answer to the nearest whole number.

Optimal solution:

BR =
BD =
CR =
CD =
If required, round your answer to the nearest cent.

Value of the optimal solution = $

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:20

You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. the rate on treasury bills is 6%. your client chooses to invest $60,000 of her portfolio in your equity fund and $40,000 in a t-bill money market fund. what is the expected return and standard deviation of return on your client’s portfolio?

Answers: 1

Answer

Business, 22.06.2019 03:00

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

Answers: 2

Answer

Business, 22.06.2019 10:20

What two things do you consider when evaluating the time value of money

Answers: 1

Answer

Business, 22.06.2019 10:50

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

Answers: 2

Answer

You know the right answer?

Romans Food Market, located in Saratoga, New York, carries a variety of specialty foods from around...

Questions