Mary Has to Choose Between a 4-Day Vacation and a 5-Day

question 32

Essay

Mary has to choose between a 4-day vacation and a 5-day vacation to the same place.To arrive at the optimal choice,which optimization technique will be arithmetically easier and faster to implement and why?

---

Definitions:

Notes Payable

Financial obligations or loans evidenced by promissory notes, which the borrower promises to pay back to the lender according to agreed terms.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Liability Reported

The recording of an obligation or debt that a company owes to outside parties in the financial statements.

Balance Sheet

A financial record that lists a corporation's assets, obligations, and the equity held by shareholders at a particular time.