Car Phones, Inc

question 102

Essay

Car Phones, Inc. (CP), sells two models of cell phones: Model A and Model B. Records show that 3 hours of sales time are used for each Model A cell phone that is sold and 5 hours of sales time for each Model B telephone. A total of 600 hours of sales time is available for the next 4-week period. In addition, management planning policies call for minimum sales goals of 100 units for Model A and 80 units for Model B. Furthermore, the number of phones that CP makes is limited by its critical process, the plastic injection molding machine, which can produce a maximum of 1500 phones per 4-week period. CP makes a $40 profit contribution for each Model A sold and a $50 profit contribution for each Model B sold. Formulate a Linear Program that can be used to determine the optimal production amounts CP for the next 4-week period.

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Definitions:

Recredited Account

Refers to a financial account that has had funds added back, usually following a return or correction of a previous transaction error.

Customer's Death

refers to the event of a customer dying, potentially affecting their ongoing contracts and the legal obligations or rights of the entities they were engaged with.

Deceased Customer

A deceased customer refers to an account holder or client of a bank or financial institution who has passed away, initiating specific legal and operational procedures regarding the handling of the individual's assets and accounts.

Check Payment

A method of payment wherein the payer writes a check to the payee, who then deposits or cashes the check to receive the amount specified.