An indorser who writes "without recourse" next to her signature on a negotiable instrument is not liable for payment
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements regarding debt securities is incorrect?
A) Debt securities include Held-to-Maturity Debt Investments, Trading Debt Investments, and Available-for-Sale Debt Investments. B) When recording the receipt of interest revenue on Trading Debt Investments, Interest Revenue is credited. C) If a Held-to-Maturity Debt Investment is purchased at a discount or premium, the discount/premium must be amortized when the interest revenue is earned. D) All investments in debt securities are categorized as long-term assets.
Suppose we want to choose capacity for a plant that will produce a new drug. In particular, we want to choose the capacity that maximizes discounted expected profit over the next 10 years. We have the following information:
· Demand for the drug is expected to be normally distributed ˜ Normal (50,000, 12,000).· A unit of capacity costs $16 to build.· The number of units produced will equal the demand, up to capacity limits.· The revenue per unit is $3.70 and the cost per unit is $0.20 (variable cost).· The maintenance cost per unit of capacity is $0.40 (fixed cost).· The discount rate is 10%. Perform a simulation assuming the plant will be designed to meet the expected demand. Use RISKSIMTABLE with a range of possible values to help the firm decide what the plant capacity should be. What will be an ideal response?
During the early stages of learning, the trainer should be available to oversee the trainee's practice directly.
Answer the following statement true (T) or false (F)
Which of the following production costs, if expressed on a per unit basis, would be most likely to change significantly as the production level varies?
A. Fixed manufacturing overhead. B. Direct materials. C. Direct labor. D. Variable costs.