Answer:
The postwar era, 1945-1950.
A interest rate that changes based on the base rate used by the bank
A. Current
B. Fixed
C. High
D. Variable
Answer:
D
Explanation:
Production Budget Pasadena Candle Inc. projected sales of 800,000 candles for January. The estimated January 1 inventory is 35,000 units, and the desired January 31 inventory is 20,000 units. Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena Candle Inc. Production Budget For the Month Ending January 31 fill in the blank 2 fill in the blank 4 Total units available fill in the blank 5 fill in the blank 7 Total units to be produced in January fill in the blank 8
Answer:
Production budget for Pasadena Candle Inc
Expected units to be sold 800,000
Desired ending inventory, Dec 31 20,000
Total units available 820,000
Estimated beginning inventory, Jan 1 -35,000
Total units to be produced in Jan. 785,000
explain why and how management is dynamic
Answer:
Management has framed certain principles, which are flexible in nature and change with the changes in the environment in which an organization exits.
Burns Industries currently manufactures and sells 18,000 power saws per month, although it has the capacity to produce 33,000 units per month. At the 18,000-unit-per-month level of production, the per-unit cost is $61, consisting of $38 in variable costs and $23 in fixed costs. Burns sells its saws to retail stores for $78 each. Allen Distributors has offered to purchase 4,800 saws per month at a reduced price. Burns can manufacture these additional units with no change in its present level of fixed manufacturing costs. Using an incremental analysis approach, Burns should consider accepting this special order only if the price per unit offered by Allen is at least:
Answer:
Burns Industries
Using an incremental analysis approach, Burns should consider accepting this special order only if the price per unit offered by Allen is at least:
above $38 (the variable cost per unit).
Explanation:
a) Data and Calculations:
Monthly production and sales units = 18,000
Production capacity per month = 33,000 units
Costs at the 18,000-unit-per-month level of production:
Variable costs = $38
Fixed costs = 23
Total per unit = $61
Selling price per unit = $78
Special offer for 4,800 saws per month, without changing the fixed manufacturing costs.
b) Incremental analysis approach is a management decision technique that specifies that only relevant, marginal, or differential costs should be taken into account. It rules out the inclusion of sunk or fixed costs, which do not change between alternatives.
Manson Industries incurs unit costs of $6 ($4 variable and $2 fixed) in making an assembly part for its finished product. A supplier offers to make 13,500 of the assembly part at $5 per unit. If the offer is accepted, Manson will save all variable costs but no fixed costs.
Required:
Prepare an analysis showing the total cost saving, if any, Manson will realize by buying the part.
Answer:
Explanation:
Make Buy Net income
Variable manufacturing costs $54,000 $0 $54,000
Fixed manufacturing costs $27,000 $27,000 $0
Purchase price $0 $67,500 -$67,500
Total annual cost $81,000 $94,500 -$13,500
Conclusion: Manson Industries should make the part as making part save cost than buying it.
Workings
Make Buy
Variable manufacturing costs 13500*4 0
Fixed manufacturing costs 13500*2 13500*2
Purchase price 0 13500*5
An acrostic poem describing the word peculiar
Jack and Jill have gone out for cycling and they have come to a place where the road is obstructed by a fallen tree. They can move the tree if both of them try. If none of them tries, they have to turn back and reach home very late. However, if one of them tries while the other does not help, the one who tries will have a muscle sprain and will not be able to move the tree. The matrix below shows the utility each of them derives in each situation. The first number listed in each cell is the payoff to the row player and the second number listed is the payoff to the column player.
Jill
Tries Does not try
Jill Tries 5 5
5 2
Does not try -2 -2
-5 -2
1. Refer to the scenario above. Jack will derive ________ units of utility if both of them try to move the tree.
A. 5
B. −5
C. −2
D. 10
2. Refer to the scenario above. Jack will derive ________ units of utility if Jill tries to move the tree while he does not try at all.
A. 5
B. −5
C. −2
D. 10
3. Refer to the scenario above. Jack and Jill will derive maximum utility if:
A. Neither of them tries to move the tree.
B. Jack tries to move the tree, while Jill does not.
C. Jill tries to move the tree, while Jack does not.
D. Both of them try to move the tree.
4. Refer to the scenario above. Which of the following is true in this case?
A. Jill is better off by not trying if Jack tries to move the tree.
B. Jack is better off by trying to move the tree if Jill does not try at all.
C. Jack is better off by trying to move the tree if Jill tries to move the tree.
D. Jill is better off by trying to move the tree if Jack does not try at all.
5. Refer to the scenario above. This game ________.
A. does not have a dominant strategy equilibrium
B. does not have a Nash equilibrium
C. has a unique Nash equilibrium
D. has a unique dominant strategy equilibrium
Answer: See explanation
Explanation:
1. Refer to the scenario above. Jack will derive (5) units of utility if both of them try to move the tree.
The answer to the question will be the first payoff in the matrix and this is 5.
2. Refer to the scenario above. Jack will derive (-2) units of utility if Jill tries to move the tree while he does not try at all.
This will be gotten from the second cell of the matrix. The answer is-2.
3. Refer to the scenario above. Jack and Jill will derive maximum utility if (both of them try to move the tree).
Here, the payoff matrix has a maximum value of 5 and at this point, both of them can get maximum utility. Therefore, the correct option is D.
4. The true statement is that "Jack is better off by trying to move the tree if Jill tries to move the tree". Therefore, the correct option is C.
5. The scenario above indicates that the game does not have a dominant strategy equilibrium as it is dependent on the strategy of other players. Therefore, the correct option is A.
Marigold Corporation had net income of $170000 and paid dividends to common stockholders of $51000 in 2019. The weighted average number of shares outstanding in 2019 was 34000 shares. Marigold Corporation's common stock is selling for $32 per share on the New York Stock Exchange. Marigold Corporation's price-earnings ratio is :__________
a. 4.92 times.
b. 9.14 times.
c. 6.40 times.
d. 5.00 times.
Answer:
P/E ratio = 6.40 times
Option c is the correct answer.
Explanation:
The P/E ratio or price earnings ratio measures the price that the investors are willing to pay for each $1 of earnings of the company. It is calculated as follows,
P/E ratio = Price per share / Earnings per share
We can calculate the earnings per share by dividing the net income by the number of shares outstanding.
P/E ratio = 32 / (170000 / 34000)
P/E ratio = 6.40 times
Assume that investors can borrow and lend at risk-free rate of 5%. The optimal tangent portfolio on the efficient frontier has an expected return of 15%, and STD of 20%. John would like to construct his complete investment portfolio by allocating funds between the risk-free asset and the optimal tangent portfolio. Which of the following complete portfolios can John NOT achieve?
A. Portfolio A with E(R)=17.5% and STD=25%
B. Portfolio B with E(R)=13% and STD=18% c. Portfolio
C with E(R)=10% and STD=10% d. Portfolio
D with E(R)=5.5% and STD=1%
E. None of the above.
Answer:
B. Portfolio B with E(R)=13% and STD=18%
Explanation:
The computation is shown below;
Reward to risk ratio = (15% - 5%) ÷ 20% = 0.5
The porfolio should be in line i.e.
= 0.05 + 0.5 × standard deviation
For portfolio A
= 0.05 + 0.5 × 25
= 17.5%
For portfolio C
= 0.05 + 0.5 × 1
= 5.5%
Portfolio B, the std is 18%
So,
= 0.05 + 0.5 × 18%
= 14%
On November 1, 2021, Sandhill Co. places a new asset into service. The cost of the asset is $84000 with an estimated 10-year life and $12000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Sandhill Co. uses the straight-line method of depreciation
Answer:
$7,200
Explanation:
According to the scenario, computation of the given data are as follows,
Total cost = $84,000
Salvage value = $12,000
Estimated life = 10 years
So, we can calculate depreciation expense by using following formula,
Depreciation yearly = (Total cost - Salvage value) ÷ Estimated life
= ($84,000 - $12,000) ÷ 10
= $72,000 ÷ 10
= $7,200
On January 1 of this year, Barnett Corporation sold bonds with a face value of $500,000 and a coupon rate of 7 percent. The bonds mature in 10 years and pay interest annually on December 31. Barnett uses the effective-interest amortization method. Ignore any tax effects. Each case is independent of the other cases.
Complete the table below using the factors provided.
Case A (7%) Case B (8%) Case C (6%)
Cash received at issuance
Interest expense recorded in Year 1
Cash paid for interest in Year 1
Cash paid at maturity for bond principal
Answer:
Barnett Corporation
Table
Case A (7%) Case B (8%) Case C (6%)
Cash received at issuance $500,000 $466,449.59 $536,800.44
Interest expense recorded in Year 1 35,000 37,315.97 32,208.03
Cash paid for interest in Year 1 35,000 35,000 35,000
Cash paid at maturity for
bond principal $500,000 $500,000 $500,000
Explanation:
a) Data and Calculations:
Face value of bonds issued = $500,000
Coupon rate = 7% annually
Maturity period = 10 years
Case A (7%) Case B (8%) Case C (6%)
Cash received at issuance $500,000 $466,449.59 $536,800.44
Interest expense recorded in Year 1 35,000 37,315.97 32,208.03
Cash paid for interest in Year 1 35,000 35,000 35,000
Cash paid at maturity for
bond principal $500,000 $500,000 $500,000
Bonds Issuance At Par value At Discount At Premium
Cash received at issuance:
Case A (7%) Issued at par value
PV = Face Value/(1+0.07)^10
= $500,000/(1.07)^10
From an online calculator:
N (# of periods) 10
I/Y (Interest per year) 7
PMT (Periodic Payment) 35000
FV (Future Value) 500000
Results
PV = $500,000.00
Sum of all periodic payments $350,000.00
Total Interest $350,000.00
Interest expense for the first year = $35,000 ($500,000 * 7%)
Case B (8%) Issued at a discount
PV = Face Value/(1+0.08)^10
= $500,000/(1.08)^10
From an online calculator:
N (# of periods) 10
I/Y (Interest per year) 8
PMT (Periodic Payment) 35000
FV (Future Value) 500000
Results
PV = $466,449.59
Sum of all periodic payments $350,000.00
Total Interest $383,550.41
Interest expense for the first year = $37,315.97 ($466,449.59 * 8%)
Case C (6%) Issued at a premium
PV = Face Value/(1+0.06)^10
= $500,000/(1.06)^10
From an online calculator:
N (# of periods) 10
I/Y (Interest per year) 6
PMT (Periodic Payment) = 35000
FV (Future Value)
500000
Results
PV = $536,800.44
Sum of all periodic payments = $350,000.00
Total Interest $313,199.56
Interest expense for the first year = $32,208.03 ($536,800.44 * 6%)
Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 5 pounds $ 11.00 per pound $ 55.00 Direct labor 2 hours $ 17.00 per hour $ 34.00 Variable manufacturing overhead 2 hours $ 3.00 per hour $ 6.00 During the most recent period, the following additional information was available: 20,000 pounds of material was purchased. The materials price variance was $10,000 F. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. What is the actual price per pound of materials
Answer:
Actual price= $10.5 per pound
Explanation:
To calculate the actual price per pound of material, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
10,000= (11 - actual price)*20,000
10,000= 220,000 - 20,000actual price
20,000actual price= 210,000
actual price= $10.5
During its first year of operations a company recorded accrued expenses totaling $375,000 for book purposes. For tax purposes, $175,000 of the expenses are deductible during the first year of operations and $200,000 are deductible during the second year of operations. The enacted income tax rate was 21% during the first year of operations and 25% during the second year of operations. The income tax expense to be reported in the income statement for the first year of operations is: ________
Answer:
c. asset of $50,000
Explanation:
Note: The correct question is "The balance sheet at the end of the first year of operations will report a deferred tax: asset of $42,000, liability of $42,000, liability of $50,000, asset of $50,000"
Deferred tax assets = Future deductible amount * Tax rate of future year
Deferred tax assets = $200000* 25%
Deferred tax assets = $50,000
So, the balance sheet at the end of the first year of operations will report a deferred tax asset of $50,000.
Plimpton Company produces countertop ovens. Plimpton uses a standard costing system. The standard costing system relies on direct labor hours to assign overhead costs to production. The direct labor standard indicates that two direct labor hours should be used for every oven produced. The normal production volume is 100,000 units. The budgeted overhead for the coming year is as follows:
Fixed overhead $770,000
Variable overhead 444,000
Plimpton applies overhead on the basis of direct labor hours. During the year, Plimpton produced 97,000 units, worked 196,000 direct labor hours, and incurred actual fixed overhead costs of $780,000 and actual variable overhead costs of $435,600.
Required:
1. Calculate the standard fixed overhead rate and the standard variable overhead rate.
2. Compute the applied fixed overhead and the applied variable overhead.
What is the total fixed overhead variance?
What is the total variable overhead variance?
3. Break down the total fixed overhead variance into a spending variance and a volume variance.
Spending Variance $
Volume Variance $
4. Compute the variable overhead spending and efficiency variances.
5. Now assume that Plimpton’s cost accounting system reveals only the total actual overhead. In this case, a three-variance analysis can be performed. Using the relationships between a three- and four-variance analysis, indicate the values for the three overhead variances.
Answer:
Explanation:
Hours Required Per Unit = 2
Production Volume = 100,000
Total Hours required = 200,000 units
1. The standard fixed overhead rate will be:
= Fixed overhead/Total hours required
= $770,000/200,000
= $3.85/hour
The standard variable overhead rate will be:
= Variable Overhead /Total Hours required
= $440,000/200000
= $2.22 /hour
2. The applied fixed overhead will be:
= standard fixed overhead rate × actual production × hours required per unit
= 3.85 × 97000 × 2
= $746,900
The applied variable overhead will be:
= standard variable overhead rate × actual production × hours required per unit
= 2.22 × 97000 × 2
= $430,680
The total fixed overhead variance will be:
= Actual overhead - Standard overhead
= $435600 - $430680
= $4920
The total variable overhead variance will be:
= $780000 - $746900
= $33100
3. The spending variance of the total fixed overhead variance will be:
= (3.85 × 200000) - 780000
= -10000
The volume variance of the total fixed overhead variance will be:
= 746900 - (3.85 × 200000)
= -23100
4. The variable overhead spending variance will be:
= (2.22 × 196000) - 430680
= -480
The variable overhead efficiency variances will be:
= 430680 - (2.22 × 196000)
= -4440
5. Based on the information given, the variances will be:
Volume Variance = -23100
Efficiency Variance = -4440
Spending Variance = (-480-10000) = -10480
Based on the following information for GreenTurf's proposed new line of battery-operated grass trimmers, you estimate the incremental cash flows (excluding sales, COGS, and depreciation) for the project to be closest to:
Market focus group expense for research conducted last month: $25,000
Current income from lease of warehouse space to be used for new assembly line: $120,000
Annual maintenance contract on new assembly line equipment: $9,000
Anticipated additional sales of battery chargers: $150,000
a. $46,000.
b. $21,000.
c. $141,000.
Sal’s Towing Company just purchased a new tow truck for $45,000. The company estimates a 180-month useful life with no salvage value. The annual depreciation expense is:
Answer:
3000
Explanation:
180 months is 15 years (180/12 months)
so 45000/15 years= 3000/year
How to choose scented candles online?
Under which of the following conditions is the frequency the most important factor in media selection? A) when introducing flanker brands B) when launching infrequently purchased brands C) when going into undefined target markets D) when there is high consumer resistance to the product E) when there is modest competition to the brand in the market
Answer:
Option d: When there is high consumer resistance to the product
Explanation:
Media Planning
This mainly deals on consumer behaviour, creating of plans that reflect the purchase process, positively influence consumer in the marketplace and study media choices etc.
The various factors that Have Changed the Role of Media includes:
1. IMC - more than just mass advertising now
2. Cost factors
3. Technology etc.
The various reasons as why certain media are selected is based on Organizational Objectives,Target markets, costs, Message Theme,Constraints, Product/Service considerations etc.
Financial information is presented below: Operating expenses $ 63000 Sales returns and allowances 14000 Sales discounts 6000 Sales revenue 196000 Cost of goods sold 98000 The amount of net sales on the income statement would be
Answer: 176,000
Explanation:
The amount of net sales on the income statement will be calculated thus:
Sales Revenue = 196000
Less: Sales Discount = 6000
Less: Sales returns and allowances = 14000
Therefore, net sales will be:
= 196000 - 6000 - 14000
= 176000
Which economic indicators are used to measure the global economy? Choose four answers.
purchasing power parity
trade volumes
spending power parity
labor market data
gross domestic product
trade deficits and surpluses
Answer:
Explanation:
Used:
Trade Volumes
Labor Market Data
Gross Domestic Product
Trade Deficits and Surpluses
Not Used:
Purchasing Power Parity
Spending Power Parity
Economic indicators are;
Trade VolumesLabor Market DataGross Domestic ProductTrade Deficits and SurplusesWhat are economic indicators?Economic indicators serve as those economic data, that are needed to interpret current or future investment possibilities.
Therefore, economic indicators are used to measure the global economy.
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Consider a project with the following data: accounting break-even quantity = 16,700 units; cash break-even quantity = 15,000 units; life = four years; fixed costs = $150,000; variable costs = $32 per unit; required return = 15 percent. Ignoring the effect of taxes, find the financial break-even quantity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer: 17381.80 units
Explanation:
To solve the question, the OCF need to be known. To solve this, we need to know the price of the project which will be:
15000 = $150,000/(P - $32)
15000P - 480000 = 150000
15000P = 150000 + 480000
15000P = 630000.
P = 630000/150000
P = 42
Since we know the price, we'll calculate depreciation which will be:
16700 = ($150,000 + D)/($42 -$32)
Depreciation = 17000
Based on the information, initial investment will now be:
= 4 × 17000
= 68000
Then, we can now solve the OCF which will be:
68000 = OCF(PVIFA15%,4)
OCF = 23818.04
Therefore, the financial breakeven quantity will be:
= 150,000 + 23818.04/(42-32)
= (150000 + 23818.04)/10
= 173818/10
= 17381.80 units
Therefore, the financial breakeven quantity is 17381.80 units
The decision to start a business and the decision to attend college:___________
a. are the same in that each decision involves the same costs and benefits and the same opportunity costs
b. are different in that in starting a business, you should mainly consider the cost-benefit principle, whereas in attending college, you should mainly consider the opportunity cost principle
c. are similar in that in both cases, you will want to consider the cost-benefit principle and the opportunity cost principle
d. are different in that in starting a business, you should mainly consider the opportunity cost principle, whereas in attending college, you should mainly consider the cost-benefit principle
Answer:
c. are similar in that in both cases, you will want to consider the cost-benefit principle and the opportunity cost principle.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Similarly, cost-benefit analysis is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Hence, the decision to start a business and the decision to attend college are similar in that in both cases, you will want to consider the cost-benefit principle and the opportunity cost principle
The decision to start a business and the decision to attend college is similar in that in both cases, you will want to consider the cost-benefit principle and the opportunity cost principle.
The following information should be considered:
In the case of cost-benefit principle, the additional benefit that received should be more than the extra cost i.e. incurred. While on the other hand, the opportunity cost is considered as the benefit but not received due to not choosing the next best alternative.Therefore we can conclude that the correct option is c.
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Samwell Subaru, a Dallas based car dealership, delivers every month two different 6-month sales forecasts to manufacturing headquarters (MHQ). MHQ has to bear a very high transshipment cost if the mismatch between the forecasted and actual order is very high, so the company wants to accentuate large deviations. Which forecast accuracy measure should be used to evaluate different forecasting methods
Answer:
"MSE (Mean Squared Error)" is the appropriate answer.
Explanation:
It appears to emphasize major mistakes because that is the squares of such mistakes, which seems to be a significant indication including feedback upon that fitness of the regression equation. The use of MSE means that rather than a big one, an individual would like to have many minor differences.On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January 1, 2026, Shay retires these bonds by buying them on the open market for $731,500. All interest is accounted for and paid through December 31, 2025, the day before the purchase. The straight-line method is used to amortize any bond discount. 1. What is the amount of the discount on the bonds at issuance
Answer:
Discount on bonds issuance = $15750
Explanation:
A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,
Discount on Bonds = Face value - Issue price
As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,
Discount on bonds issuance = 700000 - 684250
Discount on bonds issuance = $15750
5. You are the manager of Telecall Inc., a small telemarketing company. Your company pays $10,000 per month for office space. A real estate agent has noticed that you are only using 75 percent of your available space and tells you that Telecall could add $800 per month to its bottom line by renting out the space it does not use. Telecall has been asked to do a new telemarketing campaign for a large credit card company, but this would require it to use the remaining office space. What is the opportunity cost of using the extra office space to handle the credit card company's promotion?
Answer: $800
Explanation:
Even though your company is using only 75% of the space which means that the company is in effect only using 75% of the rental cost of $10,000, the remaining 25% will not count as opportunity cost because the rent of $10,000 is a fixed cost that is paid on ALL the space and so cannot be separated into costs per space.
The relevant opportunity cost is therefore the amount that the company can get if it decides to sub-let this excess space for $800 because this amount is an extra benefit to be lost if the opportunity is not taken.
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of chips, and one comic book. In year one, the basket costs $9.00. In year two, the price of the same basket is $8.00. From year one to year two, there isdeflation at an annual rate of 1.25%. In year one, $72.00 will buy____baskets, and in year two, $72.00 will buy____baskets. This example illustrates that, as the price level falls, the value of money____ .
Answer:
Year 1, Year 2 purchasing power = 8 , 9 (respectively). As price level fall, value of money Increases
Explanation:
Year one purchasing power = Money ($) / Price per basket = 72 / 9 = 8
Year two purchasing power = Money ($) / Price per basket = 72 / 8 = 9
This implies that, as price level falls (from 9 to 8 here) ,the value of money ie purchasing power increases (from 8 to 9)
Which of following is true about percentages
Fitz Company reports the following information.
Selected Annual Income Statement Data
Net income $373,000
Depreciation expense 45,200
Amortization expense 8,800
Gain on sale of plant assets 6,300
Selected Year-End Balance Sheet Data
Accounts receivable decrease $ 140,100
Inventory decrease 51,500
Prepaid expenses increase 6,800
Accounts payable decrease 9,700
Salaries payable increase 2,300
Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31.
Answer:
operating activities section
Net income 373,000
Adjustment for non cash items :
Depreciation expense 45,200
Amortization expense 8,800
Gain on sale of plant assets (6,300)
Adjustment for Changes in Working Capital :
Accounts receivable decrease 140,100
Inventory decrease 51,500
Prepaid expenses increase (6,800)
Accounts payable decrease (9,700)
Salaries payable increase 2,300
Net Cash Provided by Operating Activities 598,100
Explanation:
The operating activities section of its statement of cash flows for the year ended December 31 has been prepared above using indirect method.
Text that is slanted slightly to the right is said to be
O bolded
O Italic
O underlined
O superscripted
Answer:
O Italic.
Explanation:
A candy company has 115 pounds of cashews and 140 pounds of peanuts which they combine into two different mixes. The deluxe mix has half cashews and half peanuts and sells for $7 per pound. The economy mix has one third cashews and two thirds peanuts and sells for $4.70 per pound. How many pounds of each mix should be prepared for maximum revenue?
Answer:
you should prepare 180 pounds of the deluxe mix and 75 pounds of the economy mix
Explanation:
maximize 7d + 4.7e
constraints
0.5d + ¹/₃e ≤ 115
0.5d + ²/₃e ≤ 140
d ≥ 0
e ≥ 0
d and e are integers
using solver, the maximum profit is 180d + 75e, and the maximum profit is $1,612.50