-Refer to the shipping costs for The Terra Cotta Company.Solve the transportation problem using Excel Solver.(Remember that in balanced transportation problems all constraints-except the non-negativity constraints of the decision variables-should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution,which of the following statements is true?
Definitions:
Equipment
Tangible assets used in the operation or production process of a business, such as machinery, computers, and tools.
Interest Rate
The percentage of a loan that is applied as interest for the borrower, usually shown as an annual rate.
Account
A record summarizing all the transactions pertaining to a particular item in the financial statements.
Annual Rate
The interest rate stated on a yearly basis, often used in the context of savings accounts, loans, or investments to represent the yearly cost or return.
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