-Refer to the Shipping Costs for the Terra Cotta Company

question 87

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 cost from all plants to Kalamazoo is $25,966.
• B)The shipping cost from all plants to Lakeland is $17,000.
• C)The shipping cost from all plants to Madison is $23,225.
• D)The shipping cost from all plants to Winston is $21,123.

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Definitions:

Arithmetic Average

The sum of a set of numbers divided by the count of that set of numbers, commonly used to compute simple averages.

Historical Annual Average

An average value calculated from a series of yearly figures, often used in financial analysis to smooth out fluctuations.

Holding-Period Return

Holding-period return is the total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.

Dividend

A portion of a company's earnings that is distributed to shareholders, usually in the form of cash or additional shares.