____________________ are assets whose physical substance consists of natural resources that are consumed in the operation of the business.
Fill in the blank(s) with the appropriate word(s).
Wasting assets
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Weston, Inc., produces widgets. To manufacture a new type of widget, it took 15 iterations before the process reached a steady state of 27 hours. If Weston has a 94% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 36.10 hours b. 32.53 hours c. 33.51 hours d. 34.38 hours
Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm's income before tax?
A) $4,360,000 B) $750,000 C) $10,865,000 D) $25,115,000
Answer the following statements true (T) or false (F)
1. When utilizing a lockbox system, a customer typically sends a check to the bank, a bank employee picks up the check and processes the check electronically and then sends record of payment to the company's finance center. 2. A lock-box is used by the selling corporation to speed up the check collection and check-clearing process. 3. "Extended disbursement float" has to do with the length of time a corporation takes to collect bills. 4. Cost-benefit is not a consideration in development of a cash management system, only safety and liquidity. 5. Electronic funds transfer will likely increase the use of float.
If a U.S. firm needs dollars but borrows a foreign currency portfolio, the uncertainty of the portfolio's effective financing rate will be highest if the correlations between currencies in the portfolio are ____ and the individual volatility of each currency is ____
a. high; low b. high; high c. low; low d. low; high