Candy, Inc. signed an agreement with Sweet Plantation. Under the contract, Candy, Inc. agreed to purchase all the sugar cane Sweet Plantation grew during the coming season for $0.16 per pound. This contract will be unenforceable due to its vagueness.
Answer the following statement true (T) or false (F)
False
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ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. What is the total profit at the optimal solution?
A. $250 B. $398 C. $624 D. $583
Which of the following statements is true regarding depreciation expense?
A. Choosing the double-declining balance method over the straight-line method will produce a greater total depreciation expense over the asset's life. B. A company should use the depreciation method that best matches expense recognition with the use of the asset. C. A company using the straight-line method will show a smaller book value for assets than if the same company uses the double-declining-balance method. D. Different companies in the same industry always depreciate similar assets by the same methods.
Explain how it can be possible for a portfolio manager to outperform a benchmark but still fail to meet the investment objective of a client
What will be an ideal response?
The error that occurs because a sample, and not the entire population, is used to estimate a population parameter is a _____ error
a. nonsampling b. sampling c. judgment d. standard