Billy's Blues Sells 3 Types of T-Shirts: Astro, Bling, and Curious

question 64

Multiple Choice

Billy's Blues sells 3 types of T-shirts: Astro, Bling, and Curious. Manufacturing Astros requires 2 minutes of machine time and 20 minutes of labor, and costs $10. Brand Bling requires 2.5 minutes of machine time and 30 minutes of labor, and costs $14 to produce. Brand Curious requires 3 minutes of machine time and 45 minutes of labor, and costs $18 to produce. There are 300 machining hours available per week, 3750 labor hours, and he has a budget of $3000. Brand Astro sells for $15, Brand Bling for $18, and Brand Curious for $25.
The LP formulation that maximizes week profit shown below.
MAX 15A +18B + 25 C
s.t.
   2A + 2.5B + 3C ? 300
   20A + 30B + 45C ? 3750
   10A + 14B + 18C ? 3000
The solution from QM for Windows is show below.


-If Billy could acquire more of any resource, which would it be?

Compute and analyze the impact of currency translation on loans and interest expenses.

Identify key disclosure requirements under AASB 121 related to foreign currency transactions.

Evaluate the financial impact of changes in exchange rates on asset valuations and recognize gains or losses accordingly.

Apply knowledge of currency exchange rates to recalculate and report financial transactions in the functional currency.

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Definitions:

Material Resources

Physical items such as equipment, buildings, and raw materials that are used in the operation of a business or project.

Trademarks

Legal protections for logos, names, and other unique marks that distinguish goods or services and protect them from being used without permission.

Raw Materials

The basic, unprocessed resources required for manufacturing goods or providing services, such as metals, wood, oil, or agricultural products.

Outsourcing

Is the process of hiring outside firms to handle basic HRM functions, presumably more efficiently than the organization could.