A promissory note is signed for 42,500 at 10.9. The note is due in six months. The bank discounts the note at 15, two months before maturity of the note. Calculate the proceeds.
a. 43,585.60
b. 44,102.32
c. 44,515.75
d. 43,695.84
Question 2
In formulating a transportation problem as linear programming model, which of the following statements are correct?
a. There is one constraint for each supply location.
b. There is one constraint for each demand location.
c. The sum of decision variables out of a supply location is constrained by the supply at that location.
d. The sum of decision variables out of all supply locations to a specific demand location is constrained by the demand at that location.
e. All of these statements are correct
Example of Reconciling a Bank Statement
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