Johnny's Apple Shop Sells Homemade Apple Pies and Freshly Squeezed

question 12

Essay

Johnny's apple shop sells homemade apple pies and freshly squeezed apple juice.Each apple pie requires 2 apples, and 1 apple yields 4 ounces of juice.Customer's use a self-service dispenser to pour apple juice in a container and are charged by the ounce at a rate of $0.50 per ounce.The contribution to profit of the apple pie, factoring in the apples and remaining ingredients are $2 per pie, and the contribution to profit of freshly squeezed apple juice is $0.20 per ounce.In a given day, there must be at least 100 ounces of apple juice produced and at least 10 apple pies.The company has a supply of 60 apples per day.What is the optimal solution? Apple pies must be produced in whole quantities, but any positive value is positive for juice production.

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Definitions:

Audit Committee

A subset of a company's board of directors that oversees financial reporting and disclosure.

Proxy Solicitation

The process of collecting proxies from shareholders so that votes can be cast on behalf of those unable to attend the shareholders' meeting in person.

Proxy Statement

A document containing the information that companies are required to provide to shareholders that enables them to make informed decisions about matters that will be discussed at an annual or special shareholder meeting.

Investment Evaluation

The process of assessing the performance and potential of investment opportunities to inform financial decisions.