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The Lofton Company has developed the following linear programming problem
but finds it is infeasible. In revision, Lofton drops the original objective and establishes the three goals
Goal 1:
Don't exceed 10 in constraint 1.
Goal 2:
Don't fall short of 36 in constraint 3.
Goal 3:
Don't exceed 24 in constraint 2.
Give the goal programming model and solve it graphically.
Equity Method
An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's net income or loss.
Investee Earnings
The portion of income attributable to an investor from its investment in an associated company.
Cash Dividends
Payments made by a corporation to its shareholders from the company's profits.
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