A recent poll found that nearly _____ percent of people say that executives make decisions based primarily on advancing their own careers.
A. 10
B. 30
C. 50
D. 75
E. 95
Answer: E
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If a company constructs an asset over a period of time and borrows money, the amount of interest incurred during construction on the borrowed money is
a. capitalized as part of the cost of the plant asset. b. amortized over the construction period. c. reported as interest expense on the income statement. d. reported as depletion on the income statement.
Determining that proper amounts of depreciation are expensed provides assurance about management's assertions of presentation and disclosure and:
A. existence. B. completeness. C. rights and obligations. D. valuation and allocation.
An example of a nonfinancial transaction is
a. sale of products b. cash disbursement c. log of customer calls d. purchase of inventory
What is an appropriate objective function for this vacation?
Their cruise would port out of New Orleans and promised seven days with a panoply of excursions in Jamaica, Cozumel, and Grand Cayman. A list of excursions at each site and key features of each appear in the table. The excursions were all day affairs, so it was possible to engage in only one per port. The cruise ship sailed at night and docked at each of these three ports at the crack of dawn. By dinner time, the ship was on its way to the next port and next set of excursions. The couple was energetic and active for a pair of 52 year-olds., and while enjoying an upper middle class lifestyle, they didn't want to spend money on excursions that might be better spent on tacky souvenirs. The couple therefore budgeted $250 for the excursions — the prices shown are per couple, so for example, the $60 will pay for both of them to fill up on jerk chicken and mannish water. For each of the duplicate excursions (e.g., snorkeling is offered in all three ports), the couple researched the quality of the activity and ranked the excursion among the available alternatives, with higher numbers indicating better quality. Thus, snorkeling in Jamaica is better than in Cozumel, and snorkeling in Cozumel is better than in Grand Cayman. For the unique experiences, i.e., the turtle farm, the default rating was the a 3. Site Rating Activity Cost Jamaica 3 snorkeling $100 Jamaica 1 party island $95 Jamaica 2 horseback ride $120 Jamaica 3 local cuisine $60 Cozumel 2 snorkeling $110 Cozumel 3 party island $55 Cozumel 1 horseback ride $70 Cozumel 2 local cuisine $90 Cozumel 3 tequila tasting $130 Grand Cayman 1 snorkeling $90 Grand Cayman 2 party island $60 Grand Cayman 3 horseback ride $110 Grand Cayman 1 local cuisine $130 Grand Cayman 3 turtle farm $95 (Note - data used in this test question should not be construed as vacation advice.) A) Max Z = JS + JP + JH + JL + CS + CP + CH + CL + CTe + GS + GP + GH + GL + GTu B) Min Z = 100JS + 95JP + 120JH + 60JL + 110CS + 55CP + 70CH + 90CL + 130CTe + 90GS + 60GP + 110GH + 130GL + 95GTu C) Max Z = 3JS + 1JP + 2JH + 3JL + 2CS + 3CP + 1CH + 2CL + 3CTe + 1GS + 2GP + 3GH + 1GL + 3GTu D) Min Z = 3JS + 1JP + 2JH + 3JL + 2CS + 3CP + 1CH + 2CL + 3CTe + 1GS + 2GP + 3GH + 1GL + 3GTu