Nantucket Industries manufactures and sells two models of watches,Prime and Luxuria.It expects to sell 3,200 units of Prime and 1,300 units of Luxuria in 2019.The following estimates are given for 2019:
Nantucket had an inventory of 230 units of Prime and 85 units of Luxuria at the end of 2018.It has decided that as a measure to counter stock outages it will maintain ending inventory of 370 units of Prime and 200 units of Luxuria.
Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $11.There were 140 units of Crimpson in stock at the end of 2018.The management does not want to have any stock of Crimpson at the end of 2019.
How many units of Prime watches must be produced in 2019?
Definitions:
Subjective Theory
A theory proposing that certain concepts, values, or decisions are dependent on individual perspectives, feelings, or opinions rather than objective facts.
Fraud
The intentional deception made for personal gain or to damage another individual.
Unilateral Contract
A contract in which one party makes a promise in exchange for an act by another party.
Bilateral Contract
An agreement between two parties where each party makes a promise to the other, with obligations and benefits on both sides.
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