In a Linear Programming Problem,maximize the Objective Function 2S

question 4

Multiple Choice

In a linear programming problem,maximize the objective function 2S + 3T,subject to the binding constraints S + T  700 and S + 2T  1,000.The optimal combination of decision variables for this optimization is _____.

• A)S = 400 and T = 300
• B)S = 200 and T = 600
• C)S = 700 and T = 1000
• D)S = 0 and T = 1700
• E)S = 1700 and T = 0

Understand and apply the lower of cost or market rule to inventory valuation.

Calculate the ending inventory and cost of goods sold using the LIFO method.

Calculate sales revenue, cost of goods sold, and gross profit using LIFO under a perpetual inventory system.

Estimate year-end inventory and determine loss from shrinkage using the retail inventory method.

---

Definitions:

Subroutine

A set of instructions designed to perform a frequently used operation within a computer program, which can be called from multiple places within the main program.

Continuous Tasks

Tasks that run uninterrupted within a system, often requiring real-time processing and immediate response.

Periodic Tasks

Tasks that are scheduled to run at regular intervals in a computing environment.

Tasks

Discrete actions or operations that need to be performed, often as part of a larger project or process.