Currently in the United States, money in checking accounts is
A. commodity money.
B. outside money.
C. inside money.
D. illegal tender.
Answer: C
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?In computing descriptive statistics for grouped data, the data values in each class are approximated using the
A. ?class lower limits. B. ?class upper limits. C. ?class midpoint. D. ?class range.
Which of the following would be a variable cost for a dentist's office?
A) cost of cavity filling material B) cost of leasing equipment C) cost of advertising on local radio station D) salary of receptionist
The Sarbanes-Oxley Act requires the chief executive officer (CEO) and chief financial officer (CFO) to certify annual and quarterly reports
Indicate whether the statement is true or false
Holstein Computing manufactures an inexpensive audio card (Audio Max) for assembly into several models of its microcomputers. The annual demand for this part is 100,000 units
The annual inventory carrying cost is $5 per unit and the cost of preparing an order and making production setup for the order is $750. The company operates 250 days per year. The machine used to manufacture this part has a production rate of 2000 units per day. (a) Calculate the optimum lot size. (b) How many lots are produced in a year? (c) What is the average inventory for Audio Max? (d) What is the annual holding and setup cost for Audio Max?