Narrative 11-2 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest
hundredth of a percent) Refer to Narrative 11-2. You wish to have $12,000 in 3 years. How much should you invest now at 5% interest, compounded annually in order to have $12,000, 3 years from now?
$10,366.08
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Explain the many different global information issues an organization might encounter as it conducts business abroad.
What will be an ideal response?
Decision makers who search for ________ solutions use ideas they have tried before or follow the advice of others who have faced similar problems.
A. ready-made B. unique C. custom-made D. original E. rare
The following information was obtained from MCB Manufacturing, Inc
Advertising Costs $9,900 Indirect Labor 53,000 CEO's Salary 620,000 Direct Labor 40,000 Indirect Materials Used 7,500 Direct Materials Used 65,000 Factory Utilities 760 Factory Janitorial Costs 1,200 Manufacturing Equipment Depreciation 3,100 Delivery Vehicle Depreciation 1,000 Administrative Wages and Salaries 24,000 Calculate MCB Manufacturing's total product costs. A) $170,560 B) $654,900 C) $105,000 D) $165,500
Mr. Homayer hired Blake Painters to paint his house. Blake decides it has too many jobs and delegates the duties to the Andrews Company. Andrews does a poor job, and drips paint on the Homayers' flowers and windows. Mr. Homayer:
A) can sue both Blake and Andrews. B) can sue Blake, but he cannot sue Andrews. C) can sue Andrews, but he cannot sue Blake. D) cannot sue, because he has accepted the benefits of the assignment.