The present value of an investment is the amount that must be invested now to accumulate to a certain amount in the future at a specific interest rate
Indicate whether the statement is true or false
TRUE
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Which of the following would not be entered when a cash receipt is recorded in the cash receipts journal?
a. the date; b. the amount of credit to Cash; c. the amount of sales tax payable; d. the amount of credit to Accounts Receivable; e. all of these would be entered
The following are costs that would contribute to inventory carrying cost except?
a. Warehouse rent b. Lost goodwill c. Shrinkage costs d. Handling costs
Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can
a. allege antitrust injuries under the Sherman Act. b. bring civil suits under the Alien Tort Claims Act. c. file criminal complaints under Title VII of the Civil Rights Act. d. do nothing.
A company that makes the rocket widget has one machine capable of producing this unique item
The machine requires an attendant, who works 40 hours a week for $12 per hour and has made himself available for a maximum of 8 hours of overtime. It costs $20 per hour to run the machine and it is capable of producing 10,000 rocket widgets per hour. The widgets sell for $10 per hundred and cost $1 per hundred in materials. If the production manager wishes to develop a sales and operations plans using an optimization model, which of the following statements is valid? A) A constraint should limit overtime to less than 8 hours per week. B) The objective function should maximize the amount of rocket widgets produced. C) The objective function must be to minimize the overtime. D) A constraint should limit the cost to run the machine to less than or equal to $20 per hour.