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There are three customer locations with x- and y-coordinates of (0, 0) , (4, 3) , and (1, 1) , respectively. The customers have a projected shipment volume of 12, 20, and 18, respectively. Using the center-of-gravity technique, what is the y-coordinate of a facility to serve these customers (to two decimal places) ?
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into its financial position.
Spreadsheet
A digital worksheet or a software application that allows for the organization, analysis, and storage of data in tabular form.
Job-Order Costing
An accounting method that assigns costs to specific batches or job orders, making it possible to track the financial inputs and outputs of individual jobs.
Manufacturing Overhead
The indirect costs associated with manufacturing that are not directly tied to the production of goods, such as utilities, rent, and maintenance of equipment.
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