TQM describes the measurement of quality as 3.4 defects per million
Indicate whether the statement is true or false
FALSE
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Houze Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 7%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Working capital requirement$30,000 Annual sales$360,000 Annual cash operating expenses$290,000 One-time renovation expense in year 3$20,000 The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income taxes in year 3 is:
A. $47,000 B. $35,000 C. $50,000 D. $61,000
Home equity loans have been unpopular because interest on this loan is not tax-deductible
Indicate whether the statement is true or false.
Joe's Manufacturing is considering bidding on a small order for 5 units. Based on similar products that they have made in the past, they believe that the first unit will take 500 labor hours
They also believe that there will be an 80% learning curve. How many hours of labor should Joe include for his bid?
A court will normally interpret the language of a contract according to what the parties claim their intent was when they made it
Indicate whether the statement is true or false