In applying equitable principles, judges can apply their own concepts of fairness
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FALSE
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ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hours of sewing machine time and up to 150 hour cutting machine time. Production of one shirt requires 3 hours of sewing time and 1 hour of cutting time. Each pair of pants requires 2 hours of sewing time and 1.5 hours of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Determine the objective function for the LP formulation.
a. Maximize profit = $11 * (Number of shirts to be produced + Number of pairs of pants to be produced) b. Maximize profit = $5 * Number of shirts to be produced c. Maximize profit = $6 * Number of pairs of pants to be produced d. Maximize profit = ($5 * Number of shirts to be produced) + ($6 * Number of pairs of pants to be produced)
A regression model between sales (y in $1000), unit price (x1 in dollars), and television advertisement (x2 in dollars) resulted in the following function: y = 7 - 3x1 + 5x2 For this model, SSR = 3500, SSE = 1500, and the sample size is 18 . The coefficient of the unit price indicates that if the unit price is
a. increased by $1 (holding advertisement constant), sales are expected to increase by $3. b. decreased by $1 (holding advertisement constant), sales are expected to decrease by $3. c. increased by $1 (holding advertisement constant), sales are expected to increase by $4000. d. increased by $1 (holding advertisement constant), sales are expected to decrease by $3000.
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Use the following information to calculate cash received from dividends: Dividends revenue$65,500?Dividends receivable, January 1 4200?Dividends receivable, December 31 3500?
A. $66,200. B. $65,500. C. $69,700. D. $62,000. E. $64,800.