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Question
fremonts assets ($)
fremonts net assets ($)
fremonts liabilities ($)
genmechs assets ($)
total net assets ($)
genmechs net assets ($)
genmechs liabilities ($)
question: hayakawa snacks produces bags of their kelp chip snacks at two factories - trenton and chiba. steps needed to find the total profit.
cost per bag ($/bag)
total bag production (bag)
trenton bags produced (bag)
chiba bags produced (bag)
revenue per bag ($/bag)
total profit ($)
profit per bag ($/bag)
Step1: Calculate total bags produced
Total bags = Trenton bags + Chiba bags
$Total\ bags = Q_{Trenton} + Q_{Chiba}$
Step2: Calculate profit per bag
Profit per bag = Revenue per bag - Cost per bag
$Profit_{per\ bag} = R - C$
Step3: Calculate total profit
Total profit = Total bags × Profit per bag
$Total\ profit = (Q_{Trenton} + Q_{Chiba}) \times (R - C)$
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- First, sum the number of bags produced at Trenton and Chiba to get total bag production: $\text{total bag production} = \text{Trenton bags produced} + \text{Chiba bags produced}$
- Then, calculate profit per bag by subtracting cost per bag from revenue per bag: $\text{profit per bag} = \text{revenue per bag} - \text{cost per bag}$
- Finally, multiply total bag production by profit per bag to get total profit: $\text{total profit} = \text{total bag production} \times \text{profit per bag}$