What would be the values of x and y that will maximize revenue?
Given the following linear programming problem:
Max Z = 15x + 20y
s.t.
8x + 5y ? 40
4x + y ? 4
A) x = 5; y = 0
B) x = 0; y = 8
C) x = 0; y = 1
D) x = 1; y = 0
Answer: B
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The data presented below for Pharma Corp is for the year ended December 31, 2015: Sales (100% on credit) $1,400,000 Sales returns 30,000 Accounts Receivable (December 31, 2015) 170,000 Allowance for Doubtful Accounts [Cr. Balance] (Before adjustment at December 31, 2015) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Pharma Corp If Pharma Corp
estimates its bad debts at 1% of net credit sales, what amount will be reported as bad debt expense for 2015? a. $12,400 b. $13,700 c. $14,000 d. $14,300
Which of the following errors will cause the trial balance to be out of balance?
A) An entire transaction was entered in the general journal as $27 instead of $72. B) An entire transaction was omitted from the general journal. C) The balance of an account was incorrectly computed. D) A debit entry was entered in the wrong debit account.
Under the effective interest rate method of amortization, what is the correct formula to calculate the interest paid?
a. Interest paid = Carrying Value × Stated rate of interest b. Interest paid = Face value × Market rate of interest at issuance × Term of the bond c. Interest paid = Carrying value × Market rate of interest at issuance × Time outstanding d. Interest paid = Face value × Stated rate of interest × Time outstanding
Business intelligence is an approach to business governance that values decisions that can be backed up with verifiable data.
Answer the following statement true (T) or false (F)