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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 2 hours in
5 hours in
and 3 hours in
One deluxe answering machine requires 3 hours in
5 hours in
and 1 hour in
Because of employee work schedules,
is available for 30 hours,
is available for 55 hours, and
is available for 27 hours.If the profit is $47 for each standard model and $28 for each deluxe model, how many units of each type should the company produce to maximize profit?
Common Stockholders
Individuals or entities that own a portion of a corporation's equity and have voting rights based on their share ownership.
Shares Outstanding
The total number of shares of a company's stock that are currently owned by investors, including those held by the public as well as restricted shares owned by the company's insiders and employees.
Treasury Stock
Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock on the open market.
Cash Dividend
The distribution of some of a company's earnings to its shareholders as determined by the company's board of directors.
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