When calculating interest expense on a 6-month note, multiply the principal by the interest rate, and then multiply by (6 ÷ 12).
Answer the following statement true (T) or false (F)
True
Interest rates are always expressed as annual rates, so it is necessary to multiply by 6 out of 12 months for a 6-month note.
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The loan loss coverage ratio is computed by dividing the provision for loans by net loans
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The demand is known and occurs uniformly and continuously throughout the year in the EPQ model. 2. For a particular product, the annual demand is 12,000, the number of working days in the year is 320, and the EOQ is 300. Given this information, the total number of orders per year is 40. 3. For a particular product, the annual demand is 12,000, the number of working days in the year is 320, and the EOQ is 300. Given this information, the time between orders is 8. 4. For a particular product, the total number of orders per year is 40, the number of working days in the year is 320, and the EOQ is 300. Given this information, the annual demand is 12,000. 5. If the order quantity in each order is small, then more orders will be placed, which will result in lower annual holding costs but higher annual ordering costs.
Algood Corporation manufactures numerous products, one of which is called Omicron09. The company has provided the following data about this product:?Unit sales100,000?Selling price per unit$19.00?Variable cost per unit$14.00?Traceable fixed expense$430,000Required:a. What net operating income is the company earning now on its sales of Omicron09?b. Management is considering decreasing the price of Omicron09 by 5%, from $19.00 to $18.05. The company's marketing managers estimate that this price reduction would increase unit sales by 15%, from 100,000 units to 115,000 units. Assuming that the total traceable fixed expense does not change, what net operating income will Omicron09 earn at a price of $18.05 if this sales forecast is correct?c. Assuming that the total traceable fixed
expense does not change, how many units of Omicron09 would Algood need to sell at a price of $18.05 to earn the same net operating income that it currently earns at a price of $19.00? (Round your answer up to the nearest whole number.) What will be an ideal response?
What is the objective of interviewing in the selection process?
A. To narrow the pool of applicants to the number that a supervisor wants to interview for a job B. To see whether employees have the necessary skills to perform the job efficiently C. To compare the applications or résumés of candidates with the job description prepared by the supervisor D. To learn details about the information a candidate has provided on the application or résumé