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Apple makes three models of the iPOD (Shuffle, Nano, and Touch). The selling prices per unit are $49, $149 and $229, respectively for each model. Apple manufacture these three versions at labor cost per unit of $5, $10 and $12, respectively for each model. Each model has increasing amount of memory (GB). The Shuffle has 2GB, Nano has 16GB and the Touch has 64GB. A GB of memory has an electronic material cost of $2. If Apple only has 30,000 GB of electronic memory material available per month how many of each iPOD model should be produce to maximize the total profit? Complete the excel spreadsheet and run solver to calculate the solution.
a) Shuffle units: __________
b) Nano units: __________
c) Touch units: __________
d) Maximum Profit: __________
Mary Ann makes and sells toy trains. When she sells them for $7 each she just covers her expenses and have no profit. She knows that if she sells them for $25 each she would sell so few she would also have no profit. What should she charge per train ..
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“Location has traditionally been one of the most important determinants of a business’s success.
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Roberto Frientas and Herman Graham formed an Information Technology (IT) consulting business, which they organized as a limited liability partnership, Accent Pointe LLP. For the most part, each LLP client was assigned either to Frientas or Graham, bu..
Assume the random variable X X has a binomial distribution with the given probability of obtaining a success. Find the following probability, given the number of trials and the probability of obtaining a success. Round your answer to four decimal pla..
Specifications for the computer upgrades in Problem 4 are 78 minutes and 81 minutes. Based on the data given in the problem, are the specifications being met? Estimate the percentage of process output that can be expected to fall within the specif..
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