Over-the-counter medicines are required by law to show the date through which the manufacturer guarantees full potency. many distributors will not accept delivery of product that is within a year of its expiration date. a batch of allround is within six months of expiration, and you need to decide what to do with it. one option is to ship the product and hope that distributors do not return it. if they do, you will need to ship new product and dispose of the returns. in addition to the cost, the returns could strain your relationship with the distributors. another option is to dispose of the whole batch up front at a cost of $100,000 and avoid the appearance of trying to dump old product on your distributors. finally, you could sell the inventory to a jobber who has a more flexible policy on expiration dates, but they are offering to buy it below cost, so there will be a net charge to you of $50,000. how do you want to handle the expiring batch of product?

Excellent inc. had a per-unit conversion cost of $3.00 during april and incurred direct materials cost of $112,000, direct labor costs of $84,000, and manufacturing overhead costs of $50,400 during the month. how many units did it manufacture during the month? a. 18,000 b. 44,800 c. 70,000 d. 30,000

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million