Basso includes in his song “Chords” a few seconds of Dante’s copyrighted sound recording “Etudes” without permission. Some federal courts have found that such digital sampling is
A. a violation of copyright law.
B. a “fair use” exception to the provisions of the act.
C. not a “fair use” exception to the provisions of the act.
D. all of the choices.
Answer: D
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Authorization of purchases in a merchandising firm occurs in the inventory control department
Indicate whether the statement is true or false
Crosson Corporation operates its factory 300 days per year. Its annual consumption of Material Y is 1,200,000 gallons. It carries a 10,000 gallon safety stock of Material Y and its lead time is 12 business days. Refer to Crosson Corporation. If the EOQ for Material Y is 30,000 gallons, and the carrying cost per gallon per year is $.25, what is the total annual carrying cost for Material Y?
a. $3,750 b. $7,500 c. $6,250 d. $10,000
The annual discount rate is 9%. Compute the present value of the first option. (Round your answer to the nearest whole dollar.)
Felice Lucas has just won the state lottery and has the following three payout options for after-tax prize money:
1. $170,000 per year at the end of each of the next six years
2. $312,000 (lump sum) now
3. $508,000 (lump sum) six years from now
A) $850,000
B) $762,620
C) $482,000
D) $457,251
Durphey Corporation has provided the following data concerning last month's operations. Purchases of raw materials$25,000Indirect materials included in manufacturing overhead$4,000Direct labor cost$58,000Manufacturing overhead applied to Work in Process$99,000 BeginningEndingRaw materials inventory$11,000 $17,000 How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?
A. $152,000 B. $172,000 C. $224,000 D. $176,000