All of the following are disadvantages of simulation EXCEPT difficulty of:
a. performing "what-if" studies.
b. collecting the appropriate input data.
c. selecting the correct probability distribution.
d. producing accurate outputs.
A
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Float, when applied to cash receipts, is the time between payment by customer and the availability of funds on deposit and available for use
Indicate whether the statement is true or false
A kind of game in which competition leads to a less-than-optimum outcome for both managers, is called:
A) budget outcome dilemma game. B) prisoner's dilemma game. C) leader-follower dilemma game. D) best strategy dilemma game.
Which of the following represented the first formal attempt to develop “generally accepted accounting principles”?
a. “Approved Methods for the Preparation of Balance Sheet Statements” in 1918 b. “Five broad accounting principles” in 1932 c. Accounting Research Bulletin (ARB) 43 d. The FASB’s conceptual framework project
Zorino Corporation sells product W for $125 per unit, the variable cost per unit is $90, the fixed costs are $450,000, and Zorino is in the 30% corporate tax bracket. What are the sales (dollars) required to earn a net income (after tax) of $25,000?
A) $1,249,020 B) $674,625 C) $1,734,693 D) $1,904,750