What is the appropriate objective function for this scenario?
An entrepreneurial resident of the Oklahoma City metropolitan area is interested in securing a new franchise for Mad Over Donuts. Ideally this franchise would be centrally located so delivery could be economically handled and all citizens could enjoy fresh, delicious donuts delivered to the doorstep. The main cities and anticipated demand (in thousands per day) are shown in the table.
City x-coord y-coord Demand
Jones 6 28 45
Luther 13 35 56
Harrah 12 22 30
Edmond 0 32 25
Norman 2 0 33
Moore 3 8 22
Answer: The objective function is:
Min Z = Image
where d=Image
and ti = the number of trips (demand)
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the income statement? What will be an ideal response?
The Harold Corporation just started business in January of 2010. They had no beginning inventories. During 2010 they manufactured 12,000 units of product, and sold 10,000 units. The selling price of each unit was $20. Variable manufacturing costs were $4 per unit, and variable selling and administrative costs were $2 per unit. Fixed manufacturing costs were $24,000 and fixed selling and
administrative costs were $6,000. What would be the difference in Harold Corporation's Net income for 2010 if they used direct costing instead of absorption costing? A) No difference B) $2,000 greater C) $4,000 less D) $6,000 less
What is the rule of 7?
What will be an ideal response?
Landmark Corp. buys $300,000 of Schroeter Company's 8%, 5-year bonds payable, at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:
A. Debit Cash $300,000; credit Debt Investments-HTM $300,000. B. Debit Long-Term Investments-HTM $300,000; credit Cash $300,000. C. Debit Cash $300,000; credit Bonds Payable $300,000. D. Debit Cash $300,000; credit Interest Receivable $300,000. E. Debit Cash $300,000; credit Interest Revenue $300,000.