In solving a maximization problem, the optimal profit associated with the relaxed solution (LP-relaxation) is always less than or equal to the value of the optimal profit associated with the integer solution
Indicate whether this statement is true or false.
Answer: FALSE
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Meeting forecasted demand while minimizing costs and maximizing customer service over a series of planning periods is broadly referred to as?
a. Aggregate planning b. Firms acting independently c. Firms acting in their own best interest d. Firms sharing information
The best way to maximize the value of a positive first impression is to reinforce it with favorable experiences throughout the course of future interactions.
Answer the following statement true (T) or false (F)
Microeconomics is the study of:
a. how a society utilizes scarce resources b. inflation, unemployment, and business cycles c. business cycles d. how scarce resources are distributed to people for consumption e. individual choice
Kansas Corporation is reviewing an investment proposal that has an initial cost of $52,500. An estimate of the investment's end-of-year book value, the yearly after-tax net cash inflows, and the yearly net income are presented in the schedule below. Yearly after-tax net cash inflows include savings from the depreciation tax shield. The investment's salvage value at the end of each year is equal to book value, and there will be no salvage value at the end of the investment's life.YearInitial Cost and Book ValueYearly After-Tax Net cash InflowsYearly Net Income1$35,000$20,000$2,500221,00017,5003,500310,50015,0004,50043,50012,5005,5005---10,0006,500??$75,000$22,500Kansas uses a 14% after-tax target rate of return for new investment proposals.YearFV of $1 at 14%FV of an ordinary annuity
at 14% PV of $1 at 14%PV of an ordinary annuity at 14% 11.1401.0000.8770.87721.3002.1400.7691.64731.4823.4400.6752.32241.6894.9210.5922.91451.9256.6100.5193.43362.1958.5360.4563.889Required:A. Calculate the project's payback period.B. Calculate the accounting rate of return on the initial investment.C. Calculate the proposal's net present value. Round to the nearest dollar. What will be an ideal response?