Question: Accounting Consider the original budget matrix in Problem 53. Assume there is a 20% increase in manufacturing, a 3% increase in office, a 5% increase
Accounting Consider the original budget matrix in Problem 53. Assume there is a 20% increase in manufacturing, a 3% increase in office, a 5% increase in sales, a 20% increase in shipping, a 5% increase in accounting, and a 3% decrease in management. Find the new budget matrix by developing a matrix A to represent these departmental increases and then multiplying it from the left by the matrix B in Problem 53?
In problem 53,
The annual budget of the Magnum Company has the following expenses, in thousands of dollars, for selected departments.
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Mfg. Office Sales Shp. Act. Mgt. Supplies 0.7 8.5 10.2 1.1 5.6 3.6 Phone 0.5 0.2 6.1 1.3 0.2 1.0 Transp. 2.2 0.4 8.8 1.2 1.2 4.8 Salaries 251.8 81.6 63.4 35.2 54.3 144.2 Utilities 30.0 1.0 1.0 1.0 1.0 1.0 Materials 788.9 Mfg. = Manufacturing; Shp. = Shipping; Act. = Accounting; Mgt. = Management
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