Which of the following is a decision-making approach that attempts to find a compromise between the two extremes posed by the pessimistic maximin criterion and the optimistic maximax criterion by applying a certain percentage weight (?) to the most optimistic outcome, and (1 – ?) to the most pessimistic outcome.
A. maximax criterion
B. Laplace criterion
C. maximin criterion
D. Hurwicz criterion
D. Hurwicz criterion
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Accounting policies that result in the fastest reporting of income are the most conservative
Indicate whether the statement is true or false
Knoxville Industries had their supplier design the improved body armor for their new apparel. This level of supplier involvement, known as ________ was sure to result in a pain free season
Fill in the blanks with correct word
Use the following information from the current year financial statements of a company to calculate the ratios below:(a) Current ratio.(b) Accounts receivable turnover. (Assume the prior year's accounts receivable balance was $100,000.)(c) Days' sales uncollected.(d) Inventory turnover. (Assume the prior year's inventory was $50,200.)(e) Times interest earned ratio.(f) Return on common stockholders' equity. (Assume the prior year's common stock balance was $480,000 and the retained earnings balance was $128,000.)(g) Earnings per share (assuming the corporation has a simple capital structure, with only common stock outstanding).(h) Price earnings ratio. (Assume the company's stock is selling for $26 per share.)(i) Divided yield ratio. (Assume that the company paid $1.25 per share in cash
dividends.)Income statement data:?Sales (all on credit) $1,075,000Cost of goods sold575,000Gross profit on sales $ 500,000Operating expenses305,000Operating income$ 195,000Interest expense20,400Income before taxes$ 174,600Income taxes74,000Net income$ 100,600Balance sheet data:?Cash$ 38,400Accounts receivable120,000Inventory56,700Prepaid Expenses24,000Total current assets$239,100Total plant assets708,900Total assets$948,000Accounts payable$ 91,200Interest payable4,800Long-term liabilities204,000Total liabilities$300,000Common stock, $10 par480,000Retained earnings168,000Total liabilities and equity$948,000 What will be an ideal response?
The tax assessor for Clark County sent a delinquent notice to Rob Newton at the property address. There was no response to the notice of delinquency. The assessor had a different address for Mr. Newton but sent it only to the property address. Rob challenged the tax sale for lack of notice
A)?As long as Clark County complied with its required procedures the sale is valid. B)?Under recent court rulings, Clark County cannot ignore the alternate address. C)?The sale cannot be set aside as long as the sale brought a reasonable amount for the property. D)?None of the above