Table D.3 Lisa Lives Out in the Country with Her Seven Cats

question 19

Multiple Choice

Table D.3
Lisa lives out in the country with her seven cats and avoids driving into the big city as much as possible.She has decided to make her own cat food and has the following nutritional guidelines.Each four ounce portion must contain 22 units of protein,15 units of vitamin A,and 8 units of vitamin B.She has eggs,tomatoes,and chicken meat as possible inputs to her cat food.Each ounce of eggs contains 6 units of protein,4 units of Vitamin A,and 3 units of Vitamin B.Each ounce of tomatoes contains 1 unit of protein,8 units of Vitamin A,and 14 units of Vitamin B.Each ounce of chicken contains 22 units of protein,14 units of Vitamin A,and 8 units of Vitamin B.Chicken costs 40 cents per ounce,tomatoes cost 5 cents per ounce,and eggs cost 12 cents per ounce.
-Referring to Table D.3,an optimal four ounce serving contains 3.6 ounces of eggs and .4 ounces of tomatoes.Which of the following statements is best?

• A)The serving contains more protein than is necessary.
• B)The serving contains less Vitamin B than is necessary.
• C)The serving contains more Vitamin A than is necessary.
• D)The serving contains less chicken than is necessary.

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Definitions:

Aging Analysis

A method to evaluate and categorize accounts receivable based on the length of time an invoice has been outstanding to manage and estimate financial health.

Allowance for Doubtful Accounts

An estimate made by a company to account for receivables that may not be collected due to credit risk.

Bad Debt Expense

An expense reported on the income statement, representing the amount of receivables a company does not expect to collect.

Allowance for Doubtful Accounts

A contra-asset account that represents an estimate of the amount of accounts receivable which may not be collected, reducing the gross amount of receivables reported on the balance sheet.