-Refer to the Shipping Costs for the Terra Cotta Company

question 32

Multiple Choice

-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?

• A)The shipping costs from Escondido to Kalamazoo are $10,908.
• B)The shipping costs from Aberdeen to Lakeland are $1,685.
• C)The shipping costs from Aberdeen to Madison are $18,414.
• D)The shipping costs from Fairview to Madison are $18,414.

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Definitions:

Official Currency

The legally recognized money within a sovereign nation, used for all financial transactions and obligations.

Instrument Payable

A financial document promising to pay a specified amount of money to a person in possession or to their order.

Time Paper

A financial document or instrument that is payable at a future specified date, not upon demand or presentation.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on-demand or at a set time, with the payee’s name either mentioned or left blank.