Mike has the opportunity to invest $20,000 in treasury bills, Euro bonds, municipal bonds and commercial paper. According to his financial advisor, Mike must invest no more than $10,000 in both the Euro bonds and commercial paper; at least $8,000 in both municipal bonds and treasury bill; and at most $3,000 in commercial paper. Mike's goal is to maximize his return on investment. The expected yearly returns are summarized in the following table: Investment Treasury Bills Euro Bonds Municipal Bonds Commercial Paper Expected Return (%) 4.5 6 8 7 1. Identify the decision variables. 2. Identify and formulate the objective function. 3. Identify and formulate the constraints. 4. Formulate the above investment problem as a Linear Programming Model.
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- Dr. David Paul is a medical doctor at a small private hospital in XYZ city. He sits on the Board of Directors of the Hospital. He is also head of the Neurology Department.The hospital is undercapitalized, and they are having a board meeting to approve the budget. He requires a new MRI machine. However, the cost of the machine will impact the budget and ultimate profit of the hospital. Explain in no more than 250 words, the potential conflict of interest at the board meeting.Preliminary plans are under way for the construction of a new stadium for a major league baseball team. City officials have questioned the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may buy the boxes for $310,000 each. The fixed construction cost for the upper deck area is estimated to be $4,960,000, with a variable cost of $155,000 for each box constructed. (a) What is the break-even point for the number of luxury boxes in the new stadium? X = (b) Preliminary drawings for the stadium show that space is available for the construction of up to 52 luxury boxes. Promoters indicate that buyers are available and that all 52 could be sold if constructed. (i) What is your recommendation concerning the construction of luxury boxes? Build the luxury boxes. Do not build the luxury boxes. (ii) What profit is anticipated (in dollars)? (Enter a negative value if a predicted loss.)Chelsea Jacobson awaited the arrival of her bed and dresser one Saturday in September. She’dpurchased the items in the IKEA Brooklyn store twelve days before, and couldn’t wait to finally bedone with sleeping on the floor of her apartment. She needed to be well rested as she headed toher writing job in Hell’s Kitchen.Although she’d been given a delivery window for the furniture to arrive, her bed and dresser never came.She contacted the shipping company, XPO Logistics, to get an update on the status of her items, butXPO notified her that IKEA had never supplied the order. Jacobson contacted IKEA numerous timesand eventually found out it could take an additional 4-6 weeks for her items to arrive, as they had been misplaced.Jacobson joins the ranks of customers who have fallen victim to IKEA’s troubled customer service.After attempts to contact the company via email and phone proved unsuccessful, she turned toTwitter to voice her complaints and warn others, only to find thousands of…
- From the given information below of a const. of commercial bank building a. Tabulate the results for Early Start (ES), Early Finish(EF), Late Start(LS), Late Finish(LF), Total Float(TF), Free Float(FF), Independent Float(IDF), and Interfering Float(ITF)Please address the following: Eric, your friend, received his Form W-2 from his employer (below) and has asked for your help. Eric’s 2020 salary was $145,000 and he does not understand why the amounts in Boxes 1, 3 and 5 are not $145,000? His final paycheck for the year included the following information: Eric contributed 5 percent of his salary to the company 401(k) plan on a pre-tax basis. Eric is married with two children. He had $5,000 deducted from his wages for a Dependent Care Flexible Spending Account. Eric is enrolled in the company-sponsored life insurance program. He has a policy that provides a benefit of $145,000. Eric contributed $2,500 to the Health Care Flexible Spending Account (he keeps forgetting that the maximum deferral has increased over the years). Using the information and Eric’s Form W-2, explain to Eric the reconciling of his salary of $145,000 to the amounts in Boxes 1, 3, and 5.PROBLEM The Seminole Company wishes to apply the Miller-Orr model to manage its cash investment. Seminole’s management has determined that the cost of either investing in or selling marketable securities is $200. By looking at Seminole Company’s past cash needs, they have determined that the variance of daily cash flows is $10,000. Seminole Company’s opportunity cost of cash, per day, is estimated to be 0.05%. Seminole management has figured, based on their experience dealing with the cash flows of the company, that there should be a cushion— a safety stock—of cash of $20,000. 1. How much is the variance of daily cash flows? (Use a number, no decimal value, no commas, no currency, no space) * 2. How much is the opportunity cost of cash, per day? (Use a number, must be in decimal form. eg. 6.3%/100, encode 0.063 , no commas, no currency, no space) * 3. How much is the cost per transaction? (Use a number, no decimal value, no commas, no currency, no space) * PLEASE ANSWER ALL QUESTIONS.…
- Based on Exhibit 9-9, or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? Note: Round time value factor and final answers to 2 decimal places. What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment? Monthly Mortgage Payment a. $123,000, 15-year loan at 6.00 percent. b. $165,000, 30-year loan at 7.50 percent. c. $68,000, 20-year loan at 7.50 percent. d-1. Longer mortgage terms mean a monthly payment. d-2. For increase in mortgage rate monthly payment is required.The Astro World amusement park has the opportunityto expand its size now (the end of year 0) by purchasingadjacent property for $250,000 and adding attractions ata cost of $550,000. This expansion is expected to increaseattendance by 30 percent over projected attendance with-out expansion. The price of admission is $30, with a $5increase planned for the beginning of year 3. Additionaloperating costs are expected to be $100,000 per year.Estimated attendance for the next five years, withoutexpansion, is as follows: a. What are the pretax combined cash flows for years 0through 5 that are attributable to the park’s expansion?b. Ignoring tax, depreciation, and the time value of money,determine how long it will take to recover (pay back) theinvestment.Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $26,000 and has already received a draw of $766.15, how much commission is still owed to Mary? level 1 1-11,700 3.7% sales volume 2 11,701-21,200 4.3% commission rate 3 over 21,200 4.7%