There Are Three Customer Locations with X- and Y-Coordinates of (12

question 72

Multiple Choice

There are three customer locations with x- and y-coordinates of (12, 4) , (11, 3) , and (2, 2) , respectively. The customers have a projected shipment volume of 20, 25, and 14, respectively. Using the center-of-gravity technique, what is the y-coordinate of a facility to serve these customers (to two decimal places) ?

• A) 8.33
• B) 3.10
• C) 9.20
• D) Cannot be determined from the information given

Comprehend the process of determining initial capital requirements and the role of pro forma financial statements.

Understand contractual obligations associated with loans, such as covenants and compensating balances.

Understand the concept and importance of the five C's of credit in business financing.

Identify the different types of financing available to small businesses, including debt and equity financing.

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Definitions:

Expected Profit

The forecasted gain or loss from a business venture or investment, calculated by multiplying the potential outcomes by their probabilities.

Liabilities

Liabilities are financial obligations or debts that a business has to pay back in the future, such as loans, accounts payable, and mortgages.

Assets

Refers to resources owned by a company or individual that have economic value and can provide future benefits.

Financial Theory

The study of economics that examines ways to manage and allocate financial resources, analyzing financial systems and markets.