Use the information in Table D.1. Given the information in the optimal tableau, what is the inventory carrying cost, in dollars per unit per quarter?
A) less than $1
B) greater than $1 but less than or equal to $2
C) greater than $2 but less than or equal to $3
D) greater than $3
C
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Which of the following is not one of the key questions to be addressed when preparing an accounting report?
A) What is audience's familiarity with accounting? B) What information should be included? C) When is it due and what method of presentation is best? D) How long should the information be valid?
According to the BCG growth-market share matrix, ________ are strategic business units with products that have a dominant market share in a low-growth market
A) dogs B) exclamation points C) cash cows D) stars E) question marks
Cecilia made a check out to Gideon for $15 . Gideon fraudulently changed the check to read $150, and cashed it at Corner Bank. Is Cecilia discharged from liability on the check?
a. Yes, Cecilia owes nothing on the check because alteration of a check is a real defense and real defenses are good even against holders in due course. b. No, Cecilia pays $150 because of the impostor rule. c. No, Cecilia pays $150 because she in not an indorser or accommodation party. d. Yes, Cecilia owes nothing unless Corner Bank is a holder in due course in which case she owes the original $15.
Which of the following statements concerning a Chapter 11 reorganization plan is true?
A)A reorganization plan will be confirmed by the court only if a majority of each class of creditors votes in favor of the plan. B)A reorganization plan can be confirmed by the court over objections of some creditors if the court determines that the plan is feasible and fair. C)Only the bankruptcy court has the authority to confirm or reject the reorganization plan. Creditors do not have a right to vote on the plan. D)A reorganization plan binds only the debtor and not the creditors.