Answer the following statement(s) true (T) or false (F)
1. The return function for a shortest-route problem refers to two directional arcs between nodes.
2. In solving a shortest-route problem using dynamic programming, the stages represent how many arcs you are from the terminal node.
3. As opposed to a specific technique such as linear programming, dynamic programming is considered a general approach.
4. Dynamic programming must only involve a finite number of decision alternatives and a finite number of stages.
5. Dynamic programming is a general approach used when it is possible to break a large problem into interrelated smaller problems, with stage decisions proceeding recursively, solving one of the smaller problems at each stage.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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Malcom, Inc
had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 150 units at $81 March 10 Sold 60 units June 10 Purchased 270 units at $85 October 30 Sold 210 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used? A) $12,150 B) $17,490 C) $35,100 D) $22,350