A partnership had its agreement drawn up by a lawyer. The company made $350,000 in profit at the end of the year. The agreement identified partner #1 to receive 40% and partner #2 to receive 60% of the profits. If the partners agreed to invest $50,000 of the company's profits back into the business, how much money did partner #2 receive from the profits ?

1) 140,000
2) 120,00
3) 210,000
4) 180,000

Acaterer knows he will need 60, 50, 80, 40 and 50 dinner napkins on five successive evenings. he can purchase new napkins initially at 25 cents each, after which he can have dirty napkins laundered by a fast one-day laundry service (i.e., dirty napkins given at the end of the day will be ready for use the following day) at 15 cents each, or by a slow two-day service at 8 cents each or both. the caterer wants to know how many napkins he should purchase initially and how many dirty napkins should be laundered by fast and slow service on each of the days in order to minimize his total costs. formulate the caterer’s problem as a linear program as follows (you must state any assumptions you make): a. define all variables clearly. how many are there? b. write out the constraints that must be satisfied, briefly explaining each. (do not simplify.) write out the objective function to be minimized. (do not simplify.)