Refer to the shipping costs for The Terra Cotta Company. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution, which of the following statements is true?
a. The shipping cost from all plants to Kalamazoo is $25,966.
b. The shipping cost from all plants to Lakeland is $17,000.
c. The shipping cost from all plants to Madison is $23,225.
d. The shipping cost from all plants to Winston is $21,123.
a. The shipping cost from all plants to Kalamazoo is $25,966.
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Which of the following is an example of a direct materials efficiency standard?
A) $40 per direct labor hour B) 50 square feet per unit C) $0.95 per square foot D) 6 direct labor hours per unit
George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision. Which one of the following is true?
A. There is no appeal. B. He would appeal first to the U.S. Court of Federal Claims. C. He would appeal first to the U.S. Court of Appeals for the Federal Circuit. D. He can appeal the case, but only if the amount of tax involved is greater than $5,000.
Nevada passed a law banning all commercial billboards along state highways to improve the appearance of the environment. If this law were to be challenged, which of the following would a court examine to determine if the law is constitutional?
a. It would have to be established that the law furthers an interest of the state of Nevada to create a more aesthetically pleasing environment. b. It would have to be shown that the law directly and materially advances the state's goal of a more aesthetically pleasing environment. c. It would have to be shown that the law reaches no further than necessary to promote the state goal. d. All of the above.
Use of a warehouse receipt in short-term financing indicates that
A. a loan has been secured by inventory. B. a loan has been obtained to purchase raw materials. C. a shipper or freight company has bought merchandise from a company. D. fur coats are being stored in a retail location. E. the lender is taking precautions because the loan is unsecured.