The triangular distribution is sometimes used in simulation models because it is more flexible and intuitive than the normal distribution
a. True
b. False
Indicate whether the statement is true or false
True
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The title "supplies" will appear as an expense on the income statement
Indicate whether the statement is true or false
Logan Inc plans to double its rental space next year which will increase its fixed costs by 30% while variable costs will remain the same. Current year costs are as follows: Variable costs $20 per unit Fixed costs $15,000 If next year production is expected to be 13,500 units, estimated total costs will be:
A) $289,500. B) $270,000. C) $285,000. D) $250,500.
An escalator clause ensures that the customer does not incur financial hardship as a result of increases to the cost of a product.
Answer the following statement true (T) or false (F)
If there were a $22,000 loss and a $700 straight deductible, the insurer would pay:
A) $700 B) $21,300 C) $22,000 D) $0