The ________ mode of transportation is highly cost effective for bulky items but has relatively poor delivery speed
Fill in the blank(s) with the appropriate word(s).
Answer: water
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A(n) ________ shows the financial condition of a business at a particular date in time
a. trial balance b. balance sheet c. income statement d. statement of owner's equity
Let: rj = regular production quantity for period j, oj =overtime production quantity in period j, ij = inventory quantity in period j, and dj = demand quantity in period j. Correct formulation of the demand constraint for a multiperiod scheduling problem
A) rj + oj + i2 - i1 ? dj. B) rj + oj + i1 - i2 ? dj. C) rj + oj + i1 - i2 ? dj. D) rj - oj - i1 + i2 ? dj.
During the month of February, Victor Services had cash receipts of $8100 and cash disbursements of $9800. The February 28 cash balance was $3000. What was the February 1 beginning cash balance?
A. $1700. B. $1300. C. $4700. D. $7300. E. $0.
Michigan-based Leo Corporation acquired 100 percent of the common stock of a British company on January 1, 20X8, for $1,100,000. The British subsidiary's net assets amounted to 500,000 pounds on the date of acquisition. On January 1, 20X8, the book values of its identifiable assets and liabilities approximated their fair values. As a result of an analysis of functional currency indicators, Leo determined that the British pound was the functional currency. On December 31, 20X8, the British subsidiary's adjusted trial balance, translated into U.S. dollars, contained $17,000 more debits than credits. The British subsidiary reported income of 33,000 pounds for 20X8 and paid a cash dividend of 8,000 pounds on October 25, 20X8. Included on the British subsidiary's income statement was
depreciation expense of 3,500 pounds. Leo uses the fully adjusted equity method of accounting for its investment in the British subsidiary and determined that goodwill in the first year had an impairment loss of 25 percent of its initial amount. Exchange rates at various dates during 20X8 follow: January 11£=$2.10 October 251£= 2.25 December 311£= 2.20 Average for 20X81£= 2.21 Based on the preceding information, the receipt of the dividend will result in a credit to the investment account for: A. $16,800 B. $17,600 C. $18,000 D. $17,680