1. Today, your paint line must produce 4950 gallons of beige paint. Your four step manufacturing process has the following scrap rates for the corresponding step: Step 1: 0.5% Step 2: 1.4% Step 3: 1.2% Step 4: 1.3% How many gallons of paint must you start with to have 4950 gallons of point that can be sold?
2. What are the financial ramifications of these investigations? If BP ( the oil company) found liable for a pipe corrosion and the spill how will it affect the company financially.