Provide an Appropriate Response

question 26

Short Answer

Provide an appropriate response.
-Refer to the following system of linear inequalities associated with a linear programming problem:
Maximize P = 3x₁ + 7x₂ subject to
5x₁ + x₂ ≤ 28
2x₁ + x₂ ≤ 13
x₁ + x₂ ≤ 0
x₁, x₂ ≥ 0
(A)Determine the number of slack variable that must be introduced to form a system of problem constraint equations.
(B)Determine the number of basic variables associated with this system.

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Definitions:

Carrying Value

The value at which an asset is recognized on the balance sheet, factoring in depreciation, amortization, and impairment charges.

Fair Value

An estimate of the price at which an asset or liability could be traded in a current transaction between willing parties, other than in a forced or liquidation sale.

Goodwill

represents the excess of the purchase price over the fair value of the net assets of the acquired company in a business combination.

NCI

Non-Controlling Interest, a line item on the consolidated balance sheet that reflects the equity in a subsidiary not attributable directly or indirectly to the parent company.