Clever Sporting Equipment, Inc

question 49

Essay

Clever Sporting Equipment, Inc. makes two types of balls: Soccer balls and Cork balls. The making of each soccer ball and cork ball requires 3 hours and 4 hours of production time, respectively. For the next month, the total production hours of 500 are available. Also, it is given that the combined production quantity for these two balls must be at least 150 units. The objective for this linear programming model is to fulfil the given production requirements at a minimum cost for the total production. The production cost for each Soccer ball is $9 and each Cork ball is $7. Formulate and solve for the recommended production quantities.

---

Definitions:

Noncumulative Preferred Stock

A type of preferred stock that does not entitle the holder to claim dividend payments that were missed or not declared by the company.

Reacquired

Pertains to items or stocks that have been bought back or repossessed by the entity that issued or owned them previously.

Common Stock

Equity ownership in a corporation, representing a claim on its dividends and assets, with voting rights at shareholders' meetings.

Net Loss

The result when a company's expenses exceed its revenues over a specific period, leading to a negative income.