Use the Table Below to Answer the Following Questions) Using

question 9

Multiple Choice

Use the table below to answer the following questions) using the standard Solver.
A company makes standard 130-inch-wide rolls of thin sheet metal and slits them into smaller rolls to meet customer orders for widths of 10, 14, and 25 inches. Suppose that the company has proposed the following cutting patterns: $\begin{array}{|c|c|c|c|c|c|} \hline&{\text { A }} & \mathrm{B} & \mathrm{C} & \mathrm{D} & \mathrm{E} \\\hline 1 & \text { Cutting-Stock Problem } & & & & \\\hline 2 & & & & & \\\hline 3 & \text { Data } & & & & \\\hline 4 & \text { Pattein } & \text { 10-in rolls } & \text { 14 in. rolls } & \text { 25-in. rolls } & \text { Scrap } \\\hline 5 & 1 & 0 & 8 & 0 & 10 \\\hline 6 & 2 & 0 & 2 & 3 & 10 \\\hline 7 & 3 & 3 & 0 & 3 & 4 \\\hline 8 & 4 & 10 & 0 & 0 & 10 \\\hline 9 & 5 & 3 & 2 & 2 & 4 \\\hline 10 & 6 & 8 & 2 & 0 & 4 \\\hline\end{array}$ Demands for the coming week are 950 10-inch rolls, 725 14-inch roles, and 640 25-inch rolls. Develop a model using the Analytic Solver Platform that will determine how many 130-inch rolls to cut into each of the six patterns in order to meet demand and minimize scrap.
-What is the total number of 25-inch rolls produced?

• A) 630
• B) 635
• C) 640
• D) 645

Calculate financial ratios, specifically profit margin, to analyze company financial performance.

Realize the importance and effect of making or omitting adjusting entries on financial statements.

Grasp the differences between accrual and cash basis accounting, and the importance of adjusting entries in the accrual basis.

Understand the concept of unearned revenue and its impact on financial statements.

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Definitions:

Checkable Deposits

Bank accounts on which checks can be drawn. These include checking accounts and demand deposits that allow owners to write checks against their account balances.

Excess Reserves

Funds that banks hold over and above the regulatory requirement, which can influence the bank's ability to lend and the overall money supply.

Required Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, set by the central bank.

Required Reserves

This refers to the minimum amount of funds that a bank must hold in reserve against deposit liabilities, as mandated by central banking authorities.