Use a Modern Software Tool to Perform Statistical Calculations -Which of the Following Constraints Is Used in Solver?
A)

question 46

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) using the standard Solver. Below is the spreadsheet for Memphis Designs fixed cost model: $\begin{array}{|l|c|c|c|c|}\hline & \mathrm{A} & \mathrm{B} & \mathrm{C} & \mathrm{D} \\\hline 1 &{\text { Memphis Design Fixed Cost Model }} & & \\\hline 2 & & & & \\\hline 3 & \text { Data } & \\\hline 4 & & \\\hline 5 & \text { Cost } & \text { Quarter 1 } & \text { Quarter 2 } & \text { Quarter 3 } \\\hline 6 & \text { Production } & \$ 10.00 & \$ 15.00 & \$ 13.50 \\\hline 7 & \text { Inventory } & \$ 1.70 & \$ 1.70 & \$ 1.70 \\\hline 8 & \text { Demand } & 200 & 450 & 75 \\\hline 9 & \text { Fixed Cost } & \$ 75.00 & \$ 75.00 & \$ 75.00 \\\hline 10 & \\\hline 11 & \text { Model } \\\hline 12 & \\\hline 13 & & \text { Quarter 1 } & \text { Quarter 2 } & \text { Quarter 3 } \\\hline 14 & \text { Production } & & & \\\hline 15 & \text { Inventory } \\\hline 16 & \text { Binary } \\\hline 17 & \\\hline 18 & \text { Binary constraints } \\\hline 19 & \text { Net Production } \\\hline 20 & & \\\hline 21 & & \text { Cost } \\\hline 22 & \text { Total } & \\\hline\end{array}$
-Which of the following constraints is used in Solver?

• A) $B$14:$D$14 > = $B$18:$D$18
• B) $B$16:$D$16 = binary
• C) $B$19:$D$19 < = $B$8:$D$8
• D) $B$15:$D$15 = binary

Understand the calculation and significance of production needs in budgeting.

Recognize the role of sales forecasting in budget preparation.

Interpret and analyze budgeted financial statements.

Grasp the significance of accounts receivable and payable in cash budgeting.

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Definitions:

Stock Dividends

A payment to shareholders in the form of additional shares of stock rather than cash.

Paid-in Capital

Funds raised by a company through the sale of its equity securities, excluding any par value of the shares.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but retained by the company for reinvestment or debt payment.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout, increasing the total number of shares owned.