The Difference Between the Transportation and Assignment Problems Is That

question 33

Multiple Choice

The difference between the transportation and assignment problems is that

• A)total supply must equal total demand in the transportation problem.
• B)the number of origins must equal the number of destinations in the transportation problem.
• C)each supply and demand value is 1 in the assignment problem.
• D)there are many differences between the transportation and assignment problems.

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Definitions:

Allowance Account

An account used in accrual accounting to estimate future adjustments, such as doubtful accounts or returns, affecting the value of asset accounts.

Percentage of Sales

A financial ratio illustrating how a particular figure on the financial statements reflects a certain percentage of the total sales.

Percentage of Receivables

A method used to estimate the amount of bad debt expense by calculating a fixed percentage of accounts receivable to be uncollectible.

Uncollectible Accounts

Accounts receivable that a company has determined are unlikely to be collected and written off as an expense.