addisonrausch
10.03.2020 •
Business
Cranberries can be harvested using either a "wet" method or "dry" method. Dry-harvested cranberries can be sold at a premium, while wet harvested cranberries are used mainly for cranberry juice and bring in less revenue. Fresh Made Cranberry Cooperative must decide how much of its cranberry crop should be harvested wet and how much should be dry harvested. Fresh Made has 4000 barrels of cranberries that can be harvested using either the wet or dry method. Dry cranberries are sold for $28.50 per barrel and wet cranberries are sold for $14.50 per barrel. Once harvested, cranberries must go through dechaffing and cleaning operations. The dechaffing and the cleaning operations can each be run 24 hours per day for the seasons about 6 weeks long (for a total of 1,008 hours). Each barrel of dry cranberries requires 0.16 hours in the dechaffing operation and 0.28 hours in the cleaning operation. Wet cranberries require 0.02 hours in the dechaffing operation and 0.08 hours in the cleaning operation. Wet cranberries must also go through a dry process. The drying process can also be operated 24 hours per day for the 6-week season, and each barrel of wet cranberries must be dried for 0.21 hours.
Required:
a. Develop a linear program that Fresh Made can use to determine the optimal amount of cranberries to dry harvest and wet harvest.b. Solve the linear program in part (a). How many barrels should be dry harveste? How many barrels should be we harvested?
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Ответ:
a. emphasizes accounting income
Explanation:
Average rate of return is calculated using annual returns, for the period for which the investment is made.
The formula to calculate so =
Where average return during the period = total of return during the entire life of the investment divided into number of years, or tenure of investment.
Average investment = (Opening investment + Closing investment)/2.
Therefore it does not consider the accounting income, it takes into consideration, it considers total return from each particular investment.
Thus emphasizing on accounting income is not an advantage of average rate of return method.