Solve the given linear programming problems.

A manufacturer produces a business calculator and a graphing calculator. Each calculator is assembled in two sets of operations, where each operation is in production 8 h during each day. The average time required for a business calculator in the first operation is 3 min, and 6 min is required in the second operation. The graphing calculator averages 6 min in the first operation and 4 min in the second operation. All calculators can be sold; the profit for a business calculator is $8, and the profit for a graphing calculator is$10. How many of each type of calculator should be made each day in order to maximize profit?

Assume you are a small business owner. Create your own credit application including ten questions that would help you ensure creditworthiness.

Dan Watson started a small merchandising business in 2016. The business experienced the following events during its first year of operation. Assume that Watson uses the perpetual inventory system.

1. Acquired $30,000 cash from the issue of common stock.

2. Purchased inventory for$18,000 cash.

3. Sold inventory costing $15,000 for$32,000 cash.

Required

Post the entries to T-accounts.

Business The retail price of a pair of shoes is a $98 \%$ increase from its wholesale price. The wholesale price of the shoes is $\$ 12.50$. What is the retail price?

Vicky N. Vestor is thinking about making a small investment in a new business. She presently earns $4,000 per year, and she's thinking about investing$2,000 of that in the business. Vicky will receive $8,000 (her initial investment of$2,000 + $6,000 of the company's income) if the business is successful, which has a$0.5 likelihood of happening. Additionally, there is a 0.5% chance that the business would fail, meaning Vicky will receive nothing (and lose her investment). The utility function of Vicky is demonstrated in the table that follows.

$$\begin{array}{r|c} \text { Income } & \text { Total utility (utils) } \\ \$ 0 & 0 \\ 1,000 & 50 \\ 2,000 & 85 \\ 3,000 & 115 \\ 4,000 & 140 \\ 5,000 & 163 \\ 6,000 & 183 \\ 7,000 & 200 \\ 8,000 & 215 \\ 9,000 & 229 \\ 10,000 & 241 \end{array}$$

a. Determine Vicky's marginal utility of income for each level of income. Vicky is she risk averse? b. Estimate Vicky's projected income if she makes this investment. c) Determine Vicky's anticipated usefulness from the investment. d. What benefit does Vicky receive from forgoing the investment? Will Vicky, then, finance the business?

There has been a data breach at your business, and the business has lost some customer data. It has led to angry customers who have filed charges. What is a recommended course of action to prepare for future events?

a. activate the forensics team and prepare documentation
b. none of these answers
c. meet with your lawyers to counter-sue the customers
d. settle with the customers however it may cost

The table shows the numbers of male and female students in the U.S. who received bachelor's degrees in business in a recent year. A student is. selected at random. Find the probability of each event.

$$\begin{matrix} \text{ } & \text{Business degrees} & \text{Nonbusiness degrees} & \text{Total}\\ \text{Male} & \text{191,310} & \text{621,359} & \text{812,669}\\ \text{Female} & \text{172,489} & \text{909,776} & \text{1,082,265}\\ \text{Total} & \text{363,799} & \text{1,531,135} & \text{1,894,934}\\ \end{matrix}$$

(a) The student is male or received a business degree. (b) The student is female or received a nonbusiness degree. (c) The student is. not female or received a nonbusiness degree.

A professor of business statistics recently adopted a new textbook. At the completion of the course, 100 randomly selected students were asked to assess the book. The responses are as follows: Excellent (1), Good (2), Adequate (3), Poor (4). The results are stored using the codes in parentheses. Do the data allow us to conclude that more than 50% of all business students would rate the book as excellent?

What is the major difference between the income statements for merchandising businesses and service businesses?

Barlow’s Inc. was an electrical and plumbing contractor. An OSHA inspector appeared at Barlow’s place of business and asked to inspect the premises. There had been no injuries at Barlow’s and the inspector did not possess a search warrant. Barlow’s denied the inspector access to the business. OSHA sued to compel Barlow to admit the inspector without a warrant. Who prevails, Barlow or OSHA? (Marshall v. Barlow’s Inc., 436 U.S. 307)

A manufacturer of calculators produces two models: standard and scientific. Long-term demand for the two models mandates that the company manufacture at least 100 standard and 80 scientific calculators each day. However, because of limitations on production capacity, no more than 200 standard and 170 scientific calculators can be made daily. To satisfy a shipping contract, a total of at least 200 calculators must be shipped every day. If each standard calculator results in a $2 loss but each scientific one produces a$5 profit, how many of each model should be made daily to maximize profit?

Using the Table and Figure as guides, how would you describe the service side of LWT’s business prior to 2016? What were the managerial challenges?

Business Ethics (Fall 2005) published rankings of master in business administration (MBA) programs worldwide. Each of the 30 business schools was rated according to student exposure to social and environmental issues in the classroom. Ratings ranged from 1 star (lowest-rated group) to 5 stars (highest-rated group). A summary of the star ratings assigned to the $30 \mathrm{MBA}$ programs is reproduced in the table.

e. Provide the rejection region for the test using $\alpha=.05$.

On December 31, a business estimates depreciation on equipment used during the first year of operations to be $14,500. a. Journalize the adjusting entry required as of December 31.