The sum of two or more binary variables must be less than or equal to one in a _____ constraint
a. corequisite
b. conditional
c. multiple-choice
d. mutually exclusive
d
RATIONALE: In a mutually exclusive constraint, the sum of two or more binary variables must be less than or equal to one.
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Companies with lower coverage ratios have a greater risk and a lower financial flexibility
Indicate whether the statement is true or false
Which of the following variables are operating variables used for industrial marketing segmentation?
A) delivery speed of the product B) order size C) technologies used by the customer D) number of employees
Sustainable earnings represent
a. the level of earnings expected to persist in the future. b. the level of earnings and the growth in the levels of earnings expected to persist in the future. c. the growth rate of future earnings. d. retained earnings.
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable$375,000debitAllowance for uncollectible accounts 500debitNet Sales 800,000credit All sales are made on credit. Based on past experience, the company estimates that 0.6% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?
A. $5,500 B. $1,275 C. $1,775 D. $4,500 E. $4,800