Quickbrush Paint Company Is Developing a Linear Program to Determine

question 59

Multiple Choice

Quickbrush Paint Company is developing a linear program to determine the optimal quantities of ingredient A and ingredient B to blend together to make oil-base and water-base paint. The oil-base paint contains 90 percent A and 10 percent B, whereas the water-base paint contains 30 percent A and 70 percent B. Quickbrush currently has 10,000 gallons of ingredient A and 5,000 gallons of ingredient B in inventory and cannot obtain more at this time. Assuming that x represents the number of gallons of oil-base paint, and y represents the gallons of water-base paint, which constraint is correctly represents the constraint on ingredient A?

• A) .9A + .1B ≤ 10,000
• B) .9x + .1y ≤ 10,000
• C) .3x + .7y ≤ 10,000
• D) .9x + .3y ≤ 10,000

Identify and differentiate the properties of services and tangible products.

Grasp the importance of service quality dimensions in evaluating services.

Recognize the role of government agencies in providing services.

Understand how nonprofits use social marketing tools to achieve their objectives.

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Definitions:

Intercompany Interest Revenues

Income earned by one entity within a corporate group for lending funds to another entity within the same group, typically eliminated during the consolidation process for financial reporting.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Bond Premium

Bond Premium is the difference by which the price paid for a bond exceeds its face value, typically occurring when the bond's interest rate is higher than the current market rate.

Straight Line Amortization

A method of gradually reducing the cost value of an intangible asset over a fixed period of time through regular fixed payments.