Formulate the problem as a linear programming model including decision variables, objective function and the constraints. Use the first letter of each variable to represent the decision variable. For example, James = J. Decision Variables
Objective Function MAX
Total Funds <=
$5000 constraint 1 <= 5000
$5000 constraint 2 <= 5000
$5000 constraint 3 <= 5000
$1000 constraint 1 >= 1000
$1000 constraint 2 >= 1000
$1000 constraint 3 >= 1000
Suppose the profit on James candy decreased by $1 and the profit on QM increased by $1, use the 100% rule to calculate if this is an allowable change. State the % you get (2 decimal places). Then determine the new share allocation (if it remains unchanged, re-write) and the resulting profit.
100% value J QM DC $ Return

On february 10, 2014, after issuance of its financial statements for 2013, higgins company entered into a financing agreement with cleveland bank, allowing higgins company to borrow up to $6,000,000 at any time through 2016. amounts borrowed under the agreement bear interest at 2% above the bank's prime interest rate and mature two years from the date of loan. higgins company presently has $2,250,000 of notes payable with star national bank maturing march 15, 2014. the company intends to borrow $3,750,000 under the agreement with cleveland and liquidate the notes payable to star national bank. the agreement with cleveland also requires higgins to maintain a working capital level of $9,000,000 and prohibits the payment of dividends on common stock without prior approval by cleveland bank. from the above information only, the total short-term debt of higgins company as of the december 31, 2013 balance sheet date is