Apoker company assembles three different poker sets. each royal flush poker set contains 1000 poker chips, 4 decks of cards, 10 dice, and 2 dealer buttons. each deluxe diamond poker set contains 600 poker chips, 2 decks of cards, 5 dice, and one dealer button. the full house poker set contains 300 poker chips, 2 decks of cards, 5 dice, and one dealer button. the company has 2 comma 900 comma 000 poker chips, 10 comma 000 decks of cards, 25 comma 000 dice, and 7000 dealer buttons in stock. they earn a profit of $38 for each royal flush poker set, $22 for each deluxe diamond poker set, and $12 for each full house poker set. a. how many of each type of poker set should they assemble to maximize profit? what is the maximum profit? b. find the values of any nonzero slack variables and describe what they tell you about any unused components.

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?