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Southern Oil Company produces two grades of gasoline: regular and premium. The profit contributions are $0.30 per gallon for regular gasoline and .50 per gallon for premium gasoline. Each gallon of regular gasoline contains 0.3 gallons of grade A crude oil and each gallon of premium gasoline contains 0.6 gallons of grade A crude oil. For the next production period, Southern has 18000 gallons of grade A crude oil. The refinery used to produce the gasolines has production capacity of 50,000 gallons for the next production period. Southern Oil's distributors have indicated that demand for the premium gasoline for the next production period will be at most 20,000 Gallons. A. Formulate a linear programming model that can be used to determine the number of gallons of regular gasoline and the number of gallons of premium gasoline that should be produced to maximize total profit contribution. B. What is the optimal solution? C. What are the values and interpretations of the slack variables? D. What are the binding constraints? IMPORTANT: Solve the problem using excel solver.
expenditure on goods and services produced by the private sector. If we imported $3 billion more than we exported, what is the measured GDP?
Calculate end-of-year balanced for the Fund Balance and Budgetary Fund Balance accounts that would be reported on the Village’s balance sheet prepared as of June 30, 2010. Show all necessary work.
During 2012 Gates reported net income of $200,000 and reported dividends of $75,000. Illustrate what is the income reported by Dodge for 2012 with regard to the Gates investment?
Would the use of accelerated depreciation in the financial statements be more conservative or less conservative than the current practice of using the straight- line method? Explain."
To evaluate whether the system of internal accounting control operated efficiently to minimize errors of failure to invoice a shipment, the auditor could select a sample of transactions from the population shown by the
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1st Sept purchased inventory from Orion Company on account for $54,050. Darby records purchases gross and uses periodic inventory system.
Financial management and accounting processes
What are some examples of real-life situations where the addition of fractions, multiplication of fractions, or division of fractions might be required?
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Which costs are relevant and which are not relevant in the choice between these two alternatives and find the differential cost between the two alternatives?
Wofford Company had net sales of $150,000 in its first year and $187,500 in its second year. Compute the amount of change in terms of both dollars and percentage.
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