Which of these objective functions will lead to the same optimal solution? (1) 2X + 1Y (2) 7X + 8Y (3) 80X + 60Y (4) 25X + 35Y

In a linear programming problem, the binding constraints for the optimal solution are:

5X + 3Y ? 30
2X + 5Y ? 20


objective functions (2), (3), and (4)

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Accounting for expenses under the accrual method generally means that expenses are entered in the accounts even though they may have been charged and not paid for in cash

Indicate whether the statement is true or false

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Correlation coefficients that fall between -1.00 and -.81 or between -1.00 and -.81 are generally considered to be:

A) weak B) moderate C) strong D) nonexistent E) very weak

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Pat Painter contracts to paint Harry Homeowner's home for $6,000. Pat would supply all

materials at a cost to Pat of $1,000. Harry breaches by refusing to let Pat paint the house, which Pat found out before spending any money on the materials. Pat is able to find another job that nets a profit of $4,200 during that same time that Harry's house was to be painted. How much can Pat recover from Harry in damages? A) $1,800 B) $800 C) $5,000 D) $3,200 E) $1

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Clabber Company has bonds outstanding with a par value of $107,000 and a carrying value of $101,500. If the company calls these bonds at a price of $98,500, the gain or loss on retirement is:

A. $3000 loss. B. $5500 loss. C. $8500 loss. D. $3000 gain. E. $5500 gain.

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