A(n) ________ state is the normal operating condition of the queuing system
A) primary
B) transient
C) NOC
D) balanced
E) steady
E
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A manufacturing company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Finished Goods Inventory can be taken from the ________.
A) production budget and cost of goods sold budget B) financial budget C) cash budget D) selling and administrative expenses budget
Precision Crafted Tools, Inc, makes tools for consumers and construction professionals. While using a Precision Crafted tool to replace an electrical fixture, Quinn neglects to shut off the power and is electrocuted. Quinn's heirs file a suit against Precision Crafted. In a contributory negligence jurisdiction, the plaintiffs could recover
a. only if both parties were equally at fault. b. only if Quinn was less than 50 percent at fault. c. only if Precision Crafted was more than 51 percent at fault. d. nothing.
The taxpayer had consistently used the cash method of accounting even though inventories were a material income-producing factor to its business. The taxpayer decided to voluntarily change to the accrual method of accounting. The adjustment to income due to the change was that the correct beginning balances for the year of the change as follows: $60,000 for inventories, $30,000 for accounts
receivable, and $12,000 for accounts payable. The adjustment due to the change in accounting method is: a. A positive adjustment for $102,000. b. A positive adjustment for $90,000. c. A positive adjustment for $78,000. d. A positive adjustment for $60,000. e. None of the above.
A financial analyst calculated that the after-tax salvage value for a machine was $10,200. The current book value of the asset is $12,000 and the firm's tax rate is 30 percent. How much could the machine be sold for today?
A. $7,151.63 B. $9,428.57 C. $6,953.07 D. $9,103.49