A quality manager has established a sampling plan that calls for a sample size of 75 units from a shipment of 5000 pieces and an acceptance number of 2
The supplier has agreed to a contract that calls for an AQL of 0.02 and an LTPD of .04. What is the AOQ if the actual percentage of defectives in the lot is 2%? Table G.1 is appended to this exam.
A) less than 0.014
B) between 0.014 and 0.018
C) between 0.018 and 0.022
D) greater than 0.022
B
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A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
A) $3,200 B) $6,400 C) $4,800 D) $8,800
As a general rule:
a. the defenses available to intentional torts and negligence are interchangeable. b. if a plaintiff has established by a preponderance of the evidence all the required elements of a negligence action, the plaintiff will automatically recover damages. c. any defense to an intentional tort is also available in an action for negligence. d. more defenses are available for intentional torts than are available in negligence cases.
Which one of the following transactions should be classified as a financing activity on the statement of cash flows?
A. Purchase of the company's own stock. B. Purchase of equipment. C. Payment of interest to a lender. D. Sale of a long-term investment.
Henry Sweet Co. currently makes 6" candy sticks that it sells for $0.20 each. Henry can make 12" candy sticks out of two 6" candy sticks by melting them together, which costs an additional $0.03 per 12" stick. Henry can sell the 12" sticks for $0.45. Henry has enough capacity to make 10,000 6" candy sticks per month, and enough demand to sell all the candy sticks it can manufacture, whether 6" or 12". Should Henry sell 6" or 12" candy sticks, and how much additional profit will its decision bring in per month?
A. Sell 12" sticks, additional $100 B. Sell 6" sticks, additional $250 C. Sell 12" sticks, additional $250 D. Sell 6" sticks, additional $100