If P(
A) = 0.3, P(B) = 0.2, P(A and B) = 0.0, what can be said about events A and B?
A) They are independent.
B) They are mutually exclusive.
C) They are posterior probabilities.
D) None of the above
E) All of the above
B
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A variable costing income statement is the same as
a. a contribution margin income statement. b. a traditional income statement. c. a cost-volume-profit income statement. d. none of these choices.
Price is not:
A) the revenue per unit. B) greater than cost in order for the firm to earn income. C) the same as cost. D) the same as cost per unit plus the income per unit.
If the manager orders 16 cases each time she places an order, what is the average inventory level?
The manager of the Quick Stop Corner convenience store (which is open 360 days per year) sells four cases of Stein soda each day (1440 cases per year). Order costs are $8.00 per order. The lead time for an order is three days. Annual holding costs are equal to $57.60 per case. A) 4 cases B) 8 cases C) 12 cases D) 20 cases
Indirect costs, such as manufacturing overhead, are variable costs.
Answer the following statement true (T) or false (F)