Investment banks are similar to commercial banks except that they invest deposits in stocks and bonds rather than loans
Indicate whether this statement is true or false.
Answer: FALSE
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Respondents that are unwilling to give responses should be given aids such as pictures, maps, and descriptions to help them articulate their responses
Indicate whether the statement is true or false
A major advantage of the Census of Population is that data on blocks and tracks can be combined to match the size and shape of a retailer's trading area
Indicate whether the statement is true or false
) How many units should Alver Inc. order in order to minimize annual ordering and carrying cost?
The injection molding department of Alver Inc. uses an average of 40 pounds of a special powder per day. The plant operates 250 days per year. The daily usage of the powder is normally distributed with a standard deviation of 5 pounds per day. The lead time to obtain the powder from a supplier is 9 days. The annual holding cost is $2 per unit and the cost of ordering the powder is $50.
The Haney Corporation has a standard costing system. Variable manufacturing overhead is applied on the basis of direct labor-hours. The following data are available for January:•Actual variable manufacturing overhead: $25,500 •Actual direct labor-hours worked: 5,800 •Variable overhead rate variance: $600 Favorable •Variable overhead efficiency variance: $2,475 Unfavorable The standard hours allowed for January production is: (Round your intermediate calculations to 2 decimal places.)
A. 5,975 hours B. 5,425 hours C. 5,250 hours D. 5,800 hours