The Following Linear Programming Problem Has Been Written to Plan

question 15

Multiple Choice

The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X₁ = number of product 1 produced in each batch
X₂ = number of product 2 produced in each batch How many units of resource two (the second constraint) are unutilized if the company produces 10 units of product 1 and 5 units of product 2?

• A) 110
• B) 150
• C) 155
• D) 100

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Definitions:

Equality

A principle in accounting that refers to the balance between total debits and total credits in a double-entry bookkeeping system.

Post-Closing Trial Balance

A list of all active general ledger accounts and their balances after closing entries have been posted, used to check the accuracy of closing procedures.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent accounts, preparing the books for the next period.

Journalized

The process of recording business transactions in the journal, which is the first step in the accounting cycle.