The firm has a budget of $180,000 to spend on materials. The firm has 1,800 labor hours are available for use. What is the best combination of furniture cabinets to be made? Solve this two decision variable problem using the LP Graphing utility. W Table 5-2 Assets Cash Marketable Securities Accounts Receivable Inventories Total Current Assets Carter Chemical Company: Balance Sheet as of December 31 (Millions of dollars) 2012 2011 Liabilities and Equity 50 55 Accounts Payable 0 25 Notes Payable 350 315 Accrued Wages 300 215 Accrued Income Taxes 700 610 Total Current Liabilities Gross Fixed Assets Gross Accumulated Depreciation Net Fixed Assets 1,800 500 1,300 1.470 400 1,070 First Mortgage Bonds Debentures Total Long-Term Debt Stockholders Equity Common Stock (50,000,000 shares, $i par) Paid-In Capital Retained Earnings Total Stockholders' Equity (Common Net Worth) Total Liabilities and Equity Total Assets 2.000 1.680 Table 5-1 Net Sales Less: Cost of goods sold Gross profit Less: Other operating expenses The firm has a budget of $180,000 to spend on materials. The firm has 1,800 labor hours are available for use. What is the best combination of furniture cabinets to be made? Solve this two decision variable problem using the LP Graphing utility. W Table 5-2 Assets Cash Marketable Securities Accounts Receivable Inventories Total Current Assets Carter Chemical Company: Balance Sheet as of December 31 (Millions of dollars) 2012 2011 Liabilities and Equity 50 55 Accounts Payable 0 25 Notes Payable 350 315 Accrued Wages 300 215 Accrued Income Taxes 700 610 Total Current Liabilities Gross Fixed Assets Gross Accumulated Depreciation Net Fixed Assets 1,800 500 1,300 1.470 400 1,070 First Mortgage Bonds Debentures Total Long-Term Debt Stockholders Equity Common Stock (50,000,000 shares, $i par) Paid-In Capital Retained Earnings Total Stockholders' Equity (Common Net Worth) Total Liabilities and Equity Total Assets 2.000 1.680 Table 5-1 Net Sales Less: Cost of goods sold Gross profit Less: Other operating expenses