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A company makes two types of telephone answering machines: the standard model and the deluxe model. Each machine passes through three processes: ,
, and
. One standard answering machine requires 1 hour in
, 5 hours in
, and 3 hours in
. One deluxe answering machine requires 3 hours in
, 6 hours in
, and 3 hours in
. Because of employee work schedules,
, is available for 27 hours,
, is available for 63 hours, and
is available for 36 hours. If the profit is $5 for each standard model and $12 for each deluxe model, how many units of each type should the company produce to maximize profit?
Receivables Balance
The total amount of money owed to a company for goods or services delivered or used but not yet paid for by customers.
Average Daily Sales
The average sales generated per day over a specific period, useful for analyzing business performance.
Average Collection Period
The average amount of time it takes for a company to receive payments owed by its customers, indicating the efficiency of the company's credit and collection policies.
Cost Of Default
The expenses and financial losses incurred when a borrower fails to make a loan payment on time.
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