Mazy’s Department Store has decided to stay open on a 24-hour basis. The store manager has divided the 24-hour day
into six 4-hour periods and determined the following minimum personnel requirements for each period:
Time Personnel Needed
Midnight–4:00 A. M.90
4:00–8:00 A. M. 215
8:00–Noon 250
Noon–4:00 P. M. 65
4:00–8:00 P. M. 300
8:00–Midnight 125
Personnel must report for work at the beginning of one of these times and work 8 consecutive hours. The store manager
wants to know the minimum number of employees to assign for each 4-hour segment to minimize the total number of
employees.
a. Formulate a linear programming model for this problem.
b. Solve the model by using the computer.

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer