At the optimum solution, what is the cost of the nutritional diet?
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
A. $4.20
B. $3.55
C. $7.30
D. $8.25
A. $4.20
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Current Assets consists of cash and any other assets or resources that are expected to be realized in cash or to be sold or consumed during the normal operating cycle of the business
Indicate whether the statement is true or false
McClure Corp purchased raw materials with a cost of $86,000. Credit terms of 3/10, n/60 apply. If McClure uses the net price method, the purchase should be recorded as
A) $77,400 B) $86,000 C) $83,420 D) $88,580
All of the following are features of a standard cost system except:
a. Standards should not be adjusted. b. Standards provide incentives for workers to keep costs in line. c. Comparisons between actual and standard are more effective than comparisons between actual costs of the current period and those of the prior period. d. A standard cost system focuses management attention on materials prices and usages.
There are 100 White male applicants for the job and 60 were selected. There were 20 African American male applicants for the job and 10 were selected. Is there evidence for disparate impact against African Americans based on the four-fifths rule?
A. Yes, because the White male hiring rate was above the Black male hiring rate. B. Yes, because the hiring rate of African American males is more than 80% of the White male hiring rate. C. No, because the hiring rate of African American males is 80% of that of White males. D. Yes, because there were fewer African American applicants.