Write the Word or Phrase That Best Completes Each Statement

question 291

Essay

Write the word or phrase that best completes each statement or answers the question.
-An artist is creating a mosaic that cannot be larger than the space allotted which is 4 feet tall and 6 feetwide. The mosaic must be at least 3 feet tall and 5 feet wide. The tiles in the mosaic have words written onthem and the artist wants the words to all be horizontal in the final mosaic. The word tiles come in twosizes: The smaller tiles are 4 inches tall and 4 inches wide, while the large tiles are 6 inches tall and 12inches wide. If the small tiles cost $3.50 each and the larger tiles cost $4.50 each, how many of each shouldbe used to minimize the cost? What is the minimum cost?

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and practices used in the preparation of financial statements in the United States.

Cash Flow Statement

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Nonfinancial Firms

Companies that primarily deal in products and services rather than financial instruments and markets, such as manufacturing, retail, and technology firms.

Acquisitions

The process by which one company purchases most or all of another company's shares to gain control of that company.