1. A Kansas farmer owns 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat requires 5 hours of labor and $20 of capital, and each acre of corn requires 4 hours of labor and $40 of capital. The farmer has at most 800 hours of labor and $2,400 of capital available. The profit from an acre of wheat is $80 and that from an acre of corn is $100. The farmer would like to determine how many acres of each crop she should plant to maximize her profit. To this end, she formulates this as a linear programming problem. a) [2 points] Introduce names for the necessary number of control parameters for this problem. b) [2 points] Give the objective function the farmer needs to maximize. c) [2 points] What constraint is imposed due to the labor limitation

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e. g. 1.48.)

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d. select short-term savings instruments to lock in earnings at a current high rates.

Which of the following has the largest impact on opportunity cost