Similar to financial accounting reports, management accounting reports are standardized in format

Indicate whether the statement is true or false


False

Business

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Johnny's apple shop sells home-made apple pies and freshly squeezed apple juice. Each apple pie requires 2 apples, and 1 apple yields 4 ounces of juice

Customer's use a self-service dispenser to pour apple juice in a container and are charged by the ounce at a rate of $0.50 per ounce. The contribution to profit of the apple pie, factoring in the apples and remaining ingredients are $2 per pie, and the contribution to profit of freshly squeezed apple juice if $0.20 per ounce. In a given day, there must be at least 100 ounces of apple juice produced and at least 10 apple pies. The company has a supply of 60 apples per day. Formulate this problem as a mixed integer program. Apple pies must be produced in whole quantities, but any positive value is positive for juice production.

Business

Alpha College would like to increase the number of minority employees at all levels within the organization. It would like to do this to ensure that minorities are represented within the organization in approximately the same proportion as in the surrounding community. Which of the following would accomplish these goals?

A. Alpha considers minority applicants for job openings until it meets the number of minority members it has determined it should hire. B. Alpha pledges to recruit and hire a certain number of minority members by a specific date. C. Alpha can institute a program that recruits more heavily in minority areas with the goal that they will receive more qualified minority applicants. D. Alpha can write the job description in such a way that only minority applicants of a particular race will qualify for positions.

Business

The ______________________________ describes each work center available for producing products, including information such as the machine available at the station, its capacity, its maintenance requirements, labor needs to operate it, and so on.

Fill in the blank(s) with the appropriate word(s).

Business

True or False The t distribution is used to calculate a confidence interval when the population is normally distributed and the population standard deviation is known

Indicate whether the statement is true or false

Business