Question
I have a consulting project that I need to explain how to maximize profit and how many of each item should be ordered. ex)Simplex method.
I have a consulting project that I need to explain how to maximize profit and how many of each item should be ordered. ex)Simplex method. items to purchase for fundraiser include wigs, buy at $10, sell at $30, taking up 10 inches/ candle buy at $4, sell $12, 6 inches/ golf clip buy at $10, sell at $24, 2 inches. Budget is $4000. Space is limited to a 60 in long by 30 in wide table.
1800=10w+6c+2g+s1
4000=10w+4c+10g+s2
0=-20w-8c-14g+p
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Financial and Managerial Accounting
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
9th edition
1439037809, 978-1439037805
