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University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 438 Weeks Ago, 6 Days Ago |
| Questions Answered: | 9562 |
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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
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Kenneth and Patricia Golding spent a came as a husband-and-wife real estate investment partnership in Washington, DC. When they finally retired to a 25-acre farm in northern Virginia's Fairfax County, they became ardent amateur gardeners. Kenneth planted shrubs and fruits trees, and Patricia spent her hours potting all sizes of plants. When the volume of shrubs and plants reached die point that the Holdings began to think of their hobby in a serious vein, they built a greenhouse adjacent to their home and installed heating and watering systems. By 2009, the Goldings realized their retirement from real estate had really only led to a second career—in the plant and shrub business—and they filed for a Virginia business license. Within a matter of months, they asked their attorney to file incorporation docÂuments and formed the firm Golding Landscaping and Plants, Inc. Early in the new business's existence, Kenneth Golding recogÂnized the need for a high-quality commercial fertilizer that he could blend himself, both for sale and for his own nursery. His goal was to keep his costs to a minimum while producing a top-notch product that was especially suited to the northern Viiginia climate. Working with chemists at George Mason University, Golding blended "Golding-Grow? It consists of four cheinicn1 compounds, C-30, C-92, D-21, and &E-11. The cost per pound for each compound is indicated in die following table:
|
Chemical |
Cost per Pound |
|
C-30 |
$12 |
|
C-92 |
.09 |
|
D-21 |
.11 |
|
B-11 |
.04 |
The specifications for Golding-Grow are established as
a. Chemical E-1 must constitute at least 15% of the blend.
b,. C-92 and C-30 must together constitute at least 45% of the blend,
c. D.21 and C-92 can together constitute 110 more than 30% of the blend,
d. Golding-Grow is packaged and sold in 50-lb bags.
Discussion Questions
1. Formulate an L.P problem to determine what blend of the our chemicals will allow Golding to minimize the cost of a 50-lb bag of the fertilizer.
2. Solve to find the best solution.
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