If you invest $750 every six months at 8% compounded semi-annually, how much would you accumulate at the end of 10 years?
A) $10,065
B) $10,193
C) $22,334
D) $21,731
Answer: C
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Which of the following statements regarding "quality" is true?
A) Over the past 20 years or so, the demand by customers for quality products and services at an affordable price has drastically changed the way companies do business. B) Improving quality increases sales through higher customer satisfaction and demand, reduces costs, and increases the long-term profitability of companies. C) Companies have focused on improving the quality of the products or the services they sell through a variety of initiatives, such as total quality management (TQM), market-driven quality, and strategic quality management. D) All of these are true.
If the average daily demand rate is 50 units per day and the lead time is 3 days, then the reorder point is ______.
A. 50/3 (i.e., about 17 units) B. 50 x 3 (i.e., 150 units) C. 503 (i.e., 125,000 units) D. 50 units
Who has the right to manage an LLC?
A) The members making the five largest capital contributions, and the managers, if any B) The organizers of the LLC and the managers, if any C) All members in member-managed LLCs and only managers in manager-managed LLCs D) All members in all LLCs
Schlaefer Corporation is conducting a time-driven activity-based costing study in its Tech Support Department. The company has provided the following data to aid in that study:Schlaefer CorporationTech Support DepartmentData InputsResource Data: Number of employees 16 Average salary per employee$46,440 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 90%?Activity Data:Routing CallsResolving ProblemsPreparing Change OrdersMinutes per unit of the activity162632?Cost Object Data:All CustomersNumber of calls routed43,740Number of problems resolved21,130Number of change orders prepared2,220?On the Capacity Analysis report in time-driven activity-based costing, the "total minutes used to meet demand" would
be closest to: A. 1,728,000 minutes B. 1,320,260 minutes C. 1,116,390 minutes D. 1,524,130 minutes