Phil Bert's Nuthouse Is Preparing a New Product, a Blend

question 35

Essay

Phil Bert's Nuthouse is preparing a new product, a blend of mixed nuts. The product must be at most 40% peanuts, must have more almonds than cashews, and must be at least 15% pecans. The blend will be sold in half-pound bags. Phil's goal is to mix the nuts in such a manner that all conditions are satisfied and the cost per bag is minimized. Peanuts cost $1 per pound. Cashews cost $5 per pound. Almonds cost $3 per pound, and pecans cost $6 per pound. Formulate this problem as a linear program.

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Definitions:

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement.

Book Balance

The balance of an account according to the accounting records, before any adjustments or reconciliations have been made.

Check Amount

The sum of money written and authorized for payment on a check.

Internal Controls

Strategies and protocols a corporation uses to safeguard the reliability of their financial and accounting data, encourage responsibility, and avert theft.