A small vendor has either a good day of sales with an average of $1,000 or a bad day with an average of only $500 for the day. To simulate these outcomes, random numbers from 00 to 99 should be assigned with the intervals determined from the frequency distribution. If, during the last 100 days, the vendor had 27 good days and 73 bad days, which of the following is a correct random-number interval for a bad day?
A. 27 to 73
B. 27 to 99
C. 00 to 26
D. 28 to 99
E. 27 to 100
Answer: B
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A manager of a cost center would most likely be held responsible for which of the following variances?
A) Flexible budget variance B) Sales volume variance C) Sales price variance D) Direct materials price variance
Which one of the following statements is TRUE?
A. One tool of corporate governance is the threat of removing current management. B. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost. C. One tool of corporate governance is the choice of how much dividends to pay. D. Corporate governance is when an officer of a corporation is elected to public office. E. One tool of corporate governance is the location of the company headquarters.
Garcia Developers will erect a small office building at a cost of $4,500,000. They have a client who will lease the space for 5 years at a price that will produce free cash flows of $150,000 per year
For approximately how much would they need to sell the building for at the end of the 5th year to reach break-even NPV? Garcia uses a discount rate of 10% for projects of this type. A) $3,750,000 B) $5,755,936 C) $6,331,530 D) $6,964,683
Horizontal analysis is used to analyze trends in financial statement data over time:
A. Across an industry B. For one company C. Between two companies D. None of the other answer choices are correct