Which of the following is most likely to be an example of an unsought product?
A. gym membership
B. burial insurance
C. calculator
D. snow shovel
E. smartphone
Answer: B
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Which of the following is true of third-party beneficiaries?
A) A creditor beneficiary is an unintended beneficiary. B) An intended third-party beneficiary cannot enforce the contract against the promisor. C) An incidental beneficiary cannot sue under other people's contracts. D) Incidental beneficiary is a third party who is benefitted intentionally.
A corporation used $34,000 of direct materials and incurred $74,000 in direct labor cost, and $112,500 in manufacturing overhead costs during the period
What is the cost of goods manufactured if the beginning and ending Work-in-Process Inventories were $27,500 and $20,500, respectively? A) $248,000 B) $227,500 C) $213,500 D) $220,500
When using branch and bound for a maximization integer programming problem, the lower bound at the initial node can always be determined by rounding down the LP relaxation solution values regardless of the types of constraints in the problem
Indicate whether this statement is true or false.
A firm wants to borrow $100 million for 5 years (pure discount, for simplicity). Which of the following sources has the lower effective interest cost?
Orig. Fee/ Source Interest Rate Flotation Cost Private Placement 9. 00% 1% Public Issue 8.25% 3% a. The private placement b. The public issue c. The costs are the same FORMULA: Effective interest cost=ieffective = , where P is the amount of loan proceeds that the firm needs, f is the loan origination fee or flotation cost as a fraction of P, and istated is the stated interest cost.