During sensitivity analysis, the shadow price indicates the value of the objective function changes when one additional unit of the respective constraint is acquired
a. True
b. False
A
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The August 31 bank statement of Mervin Inc showed a balance of $113,000 . Deducted in arriving at this amount was a customer's NSF check for $2,400 that had been returned. Mervin had received no prior notice concerning this check. In addition to the bank statement, other records showed there were deposits in transit totaling $17,200 and that outstanding checks totaled $10,800 . What is the cash
balance per books at August 31 (prior to adjustments)? a. $121,800 b. $119,400 c. $117,000 d. $115,400
Refer to the instruction above. Which alternative should be selected if annual requirements are 5,000 units?
A) Make B) Buy C) Either Make or Buy; costs are the same for either option at 5,000 units. D) Can't be determined with information given
Ads can be unfair but not deceptive.?
Indicate whether the statement is true or false
Van Beeber Corporation's comparative balance sheet and income statement for last year appear below:Comparative Balance Sheet???Ending BalanceBeginning BalanceCash and cash equivalents$58,000$34,000Accounts receivable48,00036,000Inventory56,00067,000Prepaid expenses24,00016,000Long-term investments280,000220,000Property, plant, and equipment580,000580,000Less accumulated depreciation 270,000 235,000Total assets 776,000 718,000???Accounts payable$32,000$53,000Accrued liabilities38,00021,000Income taxes payable61,00031,000Bonds payable90,00060,000Common stock80,00060,000Retained earnings 475,000 433,000Total liabilities and stockholders' equity 776,000 718,000Income Statement?Sales$700,000Cost of goods sold 360,000Gross
margin 340,000Selling and administrative expense 210,000Net operating income130,000Income taxes 39,000Net income $91,000The company declared and paid $49,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.On the statement of cash flows, the selling and administrative expense adjusted to a cash basis would be: A. $210,000 B. $166,000 C. $254,000 D. $201,000