What is the FTC three-day cooling off rule? What purpose does the rule serve?
What will be an ideal response?
The three-day cooling-off rule gives special protection to customers who are not seeking products. Under this rule, customers who agree in their own homes to buy something costing more than $25 have 72 hours in which to cancel a contract or return merchandise and get their money back, no questions asked.
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The following statements are true regarding the operating cycle of a merchandising company except:
A. The operating cycle ends with the collection of cash from the sale of merchandise. B. The operating cycle sometimes involves accounts receivable. C. The operating cycle can vary in length among different merchandising companies. D. The operating cycle begins with the purchase of merchandise. E. The operating cycle is shortened by credit sales.
The time required to assemble a part of a machine follows an exponential probability distribution with a mean of 14 minutes
a. What is the probability that the part can be assembled in 7 minutes or less? b. What is the probability that the part can be assembled between 3.5 and 7 minutes?
A portion of the CPU, separate from the components that fetch and execute instructions, monitors the bus continuously for interrupt signals and copies them to a(n) ____________________
Fill in the blank(s) with correct word
A company is considering buying a machine that costs $500,000, has a useful life of ten years, and is depreciated over its useful life by the straight-line method. The salvage value of the machine at the end of ten years will be $40,000. This machine will replace an old machine that is fully depreciated; the old machine has a salvage value of $75,000 now. If the simple rate of return of this investment is 12.7%, then the anticipated annual incremental net operating income from this machine for each of the next ten years is (Ignore income taxes.):
A. $63,825 B. $46,380 C. $53,975 D. $100,000