Septon Inc. has an average collection period of 74 days. What is the accounts receivable turnover
ratio for Septon Inc.?
A) 2.66 B) 4.93 C) 2.47 D) 1.74
B
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Which form of BI has managers and analysts as its primary users?
A. Strategic BI B. Tactical BI C. Operational BI D. All of these
Which of the following is an example of off-balance-sheet financing?
a. Leases b. Bonds c. Dividends d. Notes
"With the computing power available today, I'm surprised that the quantitative management approach is not widely used to make management decisions and solve management problems," said Guy. "I believe that there are several explanations for the limited use of quantitative management. For example, ________," replied his manager.
A. many of the decisions managers face are nonroutine and unpredictable B. managers will use results obtained by quantitative management even if the results are not consistent with the managers' experience, intuition, and judgment C. all management decisions can be expressed with mathematical symbols and formulas D. quantitative management is never used in production or quality control E. all managers have been trained to use quantitative management
Montegut Manufacturing produces a product for which the annual demand is 10,000 units. Production averages 100 units per day, while demand is 40 units per day. Holding costs are $2.00 per unit per year, and setup cost is $200.00
(a) If the firm wishes to produce this product in economic batches, what size batch should be used? (b) What is the maximum inventory level? (c) How many order cycles are there per year? (d) What are the total annual holding and setup costs?