Which of the variables have a positive linear relationship with the household's average monthly expenditure on utilities?
Ownership has a strong positive linear relationship with the average expenditure on utilities. Also, family size, income of the first household wage earner, income of the second household wage earned, monthly home mortgage or rent payment, and the total indebtedness of the household have moderate to weak positive relationships with the average expenditure on utilities.
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If annual demand is 12,000 units, annual holding cost is $15 per unit, and setup cost per order is $25, which of the following is the EOQ lot size?
A. 200 B. 1,000 C. 2,000 D. 300 E. 1,200
Prepare the 2018 statement of cash flows, using the indirect method.
Diamond Corp. has provided the following information for the year ended December 31, 2018.
Additional information provided by the company includes the following:
Equipment costing $60,000 was purchased for cash.
Equipment with a net book value of $10,000 was sold for $16,000.
Depreciation expense of $16,000 was recorded during the year.
During 2018, the company repaid $43,000 of long-term notes payable.
During 2018, the company borrowed $34,000 on a new long-term note payable.
There were no stock retirements during the year.
There were no sales of treasury stock during the year.
All sales are on credit.
Congress set national ambient air quality standards in the Clean Air Act
Indicate whether the statement is true or false
Which of the following statements describes a Difference in Conditions (DIC) Policy?
A) It is a type of commercial umbrella liability policy. B) It is an open perils policy that covers perils not insured by basic property insurance contracts. C) It is designed to cover indirect losses for which the insured has direct damage coverage. D) It is used to settle disputes when an insured has more than one insurance policy with differing policy provisions.