The setup cost to make a carpet is $20 per setup. The holding cost is $2.00 per yard per year, and the annual demand is 12,000 yards. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. Given this information, which of the following statements is true?
a. The optimal production quantity is 600.
b. The optimal production quantity is 500.
c. The optimal production quantity is 400.
d. The optimal production quantity is 300.
a. The optimal production quantity is 600.
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The chairman of the Federal Reserve Board, under whose leadership the inflation rate reduced from about 10 percent to about 4 percent in the 1980s was
A. Arthur Burns. B. G. William Miller. C. Paul Volcker. D. Alan Greenspan.
On January 1, a corporation had 15,380 shares of common stock outstanding. On August 1, it sold an additional 5,000 shares. During the year, dividends of $4,800 and $56,000 were declared and paid on the common and preferred stock, respectively. Net income for the year was $250,000. What was the basic earnings per share for the year (rounded to the nearest cent)?
A) $16.26 B) $14.32 C) $11.11 D) $10.83
The post-closing trial balance contains
a. nominal accounts only. b. both real accounts and nominal accounts. c. real accounts only. d. neither real accounts nor nominal accounts.
Before being interviewed you should:
a. Find out as much as you can about the reporter b. Develop a strategy and stick to it c. Rehearse your message d. A and C e. B and C