The lower the inventory turnover ratio, the less time inventory resides in storage
a. True
b. False
Indicate whether the statement is true or false
False
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Valerie purchased a 20-year endowment insurance policy having a face value of $50,000 when she was 20 years old. Based on Table 19-3 from your text, what is the cash value of her policy if she is now 35 years old?
A. $12,190 B. $52,000 C. $32,350 D. $26,000
A company purchased equipment valued at $145,000. It traded in old equipment for a $61,000 trade-in allowance and the company paid $84,000 cash with the trade-in. The old equipment cost $130,000 and had accumulated depreciation of $78,000. This transaction has commercial substance. What is the recorded value of the new equipment?
A. $52,000. B. $61,000. C. $136,000. D. $84,000. E. $145,000.
As a manufacturer increases the price, ________
A) efficiency drops B) the break-even volume drops C) competition is minimized D) the total costs increase E) the profit margin shrinks
Managers often ignore base rates in favor of how well a particular example matches their expectation. ______can overrule the logic of probability.
A. Availability B. Representativeness C. Adjusting D. Heuristics