Under the UCC, an offeree can accept an offer to buy goods by a prompt shipment of conforming goods
Indicate whether the statement is true or false
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Which of the following is correct with regard to common stock?
a. The Revised Act has eliminated the terms "preferred" and "common." b. Common stock does not have any special contract rights or preferences. c. Common stock generally bears the greatest risk of loss in the event of the failure of the enterprise. d. All of these are correct with regard to common stock.
The following information is for Lattimore Company for Year 2: Beginning inventory200 units @ $108Purchase May 12100 units @ $130Purchase October 9150 units @ $132Sales360 units @ $180Required: Assuming that Lattimore uses the LIFO cost flow method: a) Determine the cost of goods sold during Year 2.b) Determine the inventory balance at the end of Year 2. c) Calculate the average number of days to sell inventory for Year 2.(Round your answer to the nearest day.)
What will be an ideal response?
FinFone Paper Mill is a small-scale paper-making company which produces four different types of paper. Each type of paper must go through processing on four different machines. The manufacturing time (in minutes) per unit of paper produced is listed in the following table.
? Time required (in minutes) PaperType Machine Type A B C D 1 2.4 1.2 2.7 3.2 2 2.1 2.4 3.2 3.3 3 1.6 0.9 2.6 5.1 4 2.5 2.5 3.2 6.5 ? The maximum time allotted for each machine is 30 hours per week and at least 100 units of each type of paper should be made during the week. ? Profit per unit is: Paper Type A B C D Profit ($) 0.25 0.32 0.44 0.5 ? Develop and solve an all-integer model that will determine, using the available machine time, the number of units of each paper type to be produced in order to meet the weekly demand and to maximize the profit. What will be an ideal response?
Fritz Walther, the CEO of Carl Walther Sportwaffen GmbH, is choosing between two mutually exclusive projects: (1 ) the Walther PBJ; and (2 ) the Walther PPK. Both projects involve an investment of $100,000
The operating cash flows for each project are shown in the table. The opportunity cost of capital is 10%. The PBJ project has an IRR of 11.65% and the PPK project has an IRR of 12.27%. Which project should Fritz choose (and why)? Year PBJ PPK 0 -100,000 -100,000 1 40,000 90,000 2 80,000 25,000 A) Choose the PPK project because its IRR is greater. B) Choose the PPK because its NPV is higher. C) Choose the PBJ because its NPV is higher. D) Choose the PPK because it generates more operating cash flows. E) Choose either because they both have the same NPV.