What is the economic order quantity if the annual demand is 10,000 units, set up cost of placing each order is $3 and the holding cost per unit per year is $2?
a. 174
b. 123
c. 245
d. 116
A
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What is the audit committee of the board of directors of a company responsible for?
a. Hiring the auditor. b. Preparing the financial statements. c. The audit workpapers. d. Obtaining evidence.
"My tour of the Duff Brewery was the greatest experience of my life," Homer recalled
Lenny's favorite part was the batch process that was evident during the fermenting stage but Carl's favorite part was the high speed continuous flow process evident in the bottling line. "You're both right," Homer declared, "Duff takes both elements to create a(n) ________ process." Fill in the blank with the appropriate word.
An ANOVA procedure is applied to data obtained from 6 samples where each sample contains 20 observations. The degrees of freedom for the critical value of F are _____
a. 6 numerator and 20 denominator degrees of freedom b. 5 numerator and 20 denominator degrees of freedom c. 5 numerator and 114 denominator degrees of freedom d. 6 numerator and 20 denominator degrees of freedom
Judy is a self-employed musician who performs for a variety of events. This year Judy was fined $250 by the city for violating the city's noise ordinance with a relatively loud performance. As a consequence, Judy contributed $1,000 to a campaign committee formed to recall the city's mayor. Judy normally hires three part-time employees to help her schedule events and transport equipment. Judy paid a total of $33,000 to her employees through June of this year. In June Judy fired her part-time employees and hired her husband to replace them. However, Judy paid him $55,000 rather than $33,000. Judy is on the cash method and calendar year, and she wants to know what amount of these expenditures is deductible as business expenses.
What will be an ideal response?