Solve the Linear Programming Problem $\$ 40$ And on an SST Ring Is

question 487

Multiple Choice

Solve the linear programming problem.
-The Acme Class Ring Company designs and sells two types of rings: the VIP and the SST. They can produce up to 24 rings each day using up to 60 total man-hours of labor. It takes 3 man-hours to make one VIP ring and 2 man-hours to make one SST ring. How many of each type of ring should be made daily to maximize the company's profit, if the profit on a VIP ring is $\$ 40$ and on an SST ring is $\$ 35$ ?

• A) \(12 \mathrm { VIP }\) and \(12 \mathrm { SST }\)
• B) 18 VIP and 6 SST
• C) 16 VIP and 8 SST
• D) 14 VIP and 10 SST

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Definitions:

Operating Activity

Activities that constitute the primary or core business functions, including sales and service provision, and their related expenses, generating most of the company's cash flows.

Cash Flows

Cash flows refer to the movement of money into and out of a business, indicative of its liquidity, operational efficiency, and financial health.

Cash Receipts

Cash receipts refer to the collection of money, including checks, cash, and credit card charges, received by a business for goods or services it has sold.

Cash Payments

Money that is paid out by a business, often for expenses, debt, or purchases.