A Manufacturer Produces Two Models of Desks

question 4

Essay

A manufacturer produces two models of desks. Model A requires 5 hr to stain and finish and 4 hr to assemble. Model B requires 4 hr to stain and finish and 1 hr to assemble. The total amount of time available for staining and finishing is 40 hr and for assembling is 16 hr. Let x represent the number of Model A desks produced, and let y represent the number of Model B desks produced.
a. Write two inequalities that express the fact that the number of desks to be produced cannot be negative.
b. Write an inequality in terms of the number of Model A and Model B desks that can be produced if the total time for staining and finishing is at most 24 hr.
c. Write an inequality in terms of the number of Model A and Model B desks that can be produced if the total time for assembly is no more than 16 hr.
d. Graph the feasible region formed by graphing the preceding inequalities.
e. Is the point (1, 5) in the feasible region? What does the point (3, 1) represent in the context of this problem?
f. Is the point (4, 8) in the feasible region? What does the point (5, 4) represent in the context of this problem?

Understand the concept of market value versus book value and the factors that influence both.

Evaluate the financial implications of share repurchase programs versus dividend payments.

Calculate the effect of dividend declaration and payment dates on investor dividend income.

Understand the impact of earnings and retention ratio on dividend payments and shareholder wealth.

---

Definitions:

Corporation

A legal entity that is separate from its owners, who are shareholders, and has its own rights, privileges, and liabilities distinct from those of its members.

Public Offerings

The process of selling shares of a private corporation to the public in a new stock issuance, allowing the company to raise capital from public investors.

Bylaws

Written rules and regulations that govern the internal affairs and operations of an organization or corporation.

Transfer of Shares

The process by which ownership of a company's stock is moved from one party to another.