The earliest finish time is the total of the earliest start time and the activity duration
Indicate whether the statement is true or false
FALSE
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The following information is available on TGR Enterprises, a partnership, for the most recent fiscal year: Total partnership capital at beginning of the year$180,000Partnership net income for the year$150,000Withdrawals by partners during the year$120,000Additional investments by partners during the year$60,000There are three partners in TGR Enterprises: Tracey, Gregory and Rodgers. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners.
A. Tracey = $90,000; Gregory = $90,000; Rodgers = $90,000. B. Tracey = $108,000; Gregory = $54,000; Rodgers = $108,000. C. Tracey = $204,000; Gregory = $102,000; Rodgers = $204,000. D. Tracey = $84,000; Gregory = $102,000; Rodgers = $84,000. E. Tracey = $60,000; Gregory = $30,000; Rodgers = $60,000.
Which of the following best describes the effect on direct labor when management adopts a just-in-time environment?
A) Workers typically perform one function. B) The environment becomes more labor intensive. C) Each employee runs a single machine. D) Workers are often cross-trained to perform more than one function.
The cost of common equity using the dividend-growth model is
Berlioz Inc. is trying to estimate its cost of common equity, and it has the following information. The firm has a beta of 0.90, the before-tax cost of the firm's debt is 7.75%, and the firm estimates that the risk-free rate is 4% while the current market return is 12%. Berlioz stock currently sells for $35.00 per share. The firm pays dividends annually and expects dividends to grow at a constant rate of 5% indefinitely. The most recent dividend per share, paid yesterday, is $2.00. Finally, the firm has a marginal tax rate of 34%. A) 11.00%. B) 11.32%. C) 11.50%. D) 11.72%.
Ignoring the impact of income tax, how does the choice between FIFO and LIFO affect a company's cash flows in an inflationary environment? How does income tax impact your answer? Why?
What will be an ideal response?