Cindy Regularly Makes Long Distance Phone Calls to Three Foreign

question 255

Short Answer

Cindy regularly makes long distance phone calls to three foreign cities: London, Tokyo, and Hong Kong. The matrices A and B give the lengths (in minutes) of her calls during peak and nonpeak hours, respectively, to each of these three cities during the month of June. and The costs for the calls (in dollars per minute) for the peak and nonpeak periods in the month in question are given, respectively, by the matrices Compute the matrix . Give the answer to one decimal place.

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Definitions:

Current Liabilities

Current liabilities are financial obligations a company needs to pay within one year, including accounts payable, short-term loans, and other similar debts.

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities, representing the ownership's claim on the assets.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a business cycle, whichever is longer.

Long-Term Liabilities

Obligations or debts a company is responsible for paying beyond one year from the date of the balance sheet.