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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.
Prepare the journal entry to record the issuance of the bonds. Compute the total cost of borrowing for these bonds.
Taxpayer lives with her husband and children in City and works there. If her employer sends her to Metro (where she maintains an apartment) on business for three days and two nights each week and if Taxpayer is not reimbursed for her expenses. ..
Multiple Choice Questions-Amortization and valuation of intangibles - How should research and development costs be accounted for, according to a Financial Accounting Standards Board Statement?
CFOs and controllers are leaders in the analysis process of mergers and acquisitions. Can they use the same approach in analyzing a target of a friendly acquisition and a hostile take-over?
Purpose a schedule of expected cash collections from sales, by month and in total, for the second quarter
Two partners have a dispute regarding one partner's share of current earnings. One partner believes his share is $100,000 but the partner says it is $75,000. How to resolve this dispute?
What was change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?
In 2013, Fanestill changed its estimates to a useful life of 5 years with a salvage value of $105,000. Illustrate what is 2013 depreciation expense?
Identify and briefly describe three ways you could use analytical procedures as risk assessment procedures, Identify and briefly describe three ways you could use analytical procedures as substantive procedures through the audit.
Be sure to include an evaluation of the Footnote disclosures regarding Lucent's inventories in your examination. Does the explanation for the earnings shortfall provided by Lucent's managers make sense in light of your analysis?
Purpose all worksheet eliminations in journal entry form necessary to consolidate Crain and Downey
Is the University discharged from its obligation of performancce? Is professor Glass discharged from his obligation of performance? Explain, citing the legal principles involved.
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