The Management of UNICO Department Store Decides to Enclose an

question 148

Essay

The management of UNICO Department Store decides to enclose an area outside their building to display potted plants.The enclosed area will be a rectangle, one side of which is provided by the external walls of the store.Two sides of the enclosure will be made of pine board, and the fourth side will be made of galvanized steel fencing material.If the pine board fencing costs $10/running foot and the steel fencing costs $5/running foot, determine the dimensions of the enclosure that will cost the least to erect.Round your answers to two decimal places.

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Definitions:

Limited Partner

A type of investor in a partnership who has limited liability to the extent of their investment and typically does not participate in daily business management.

Statutory Provisions

Laws or regulations enacted by the legislative body that must be adhered to.

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Limited Partnership

A type of partnership composed of one or more general partners who manage the business and are personally liable, and one or more limited partners who contribute capital and have limited liability.