Sonny Lawler's law office uses EOQ models to manage their office supplies. They've been ordering ink refills for their printers in quantities of 60 units
The firm estimates carrying cost at 40% of the $10 unit cost and that annual demand is about 240 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal?
Answer: $30
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________ recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged.
A. Integrative theory B. Keynesian theory C. Institutional theory D. Stakeholder theory
Which of the following is true about how plea-bargaining usually works?
A) A defendant who is serving a prison sentence for a crime the defendant was convicted of can get the sentence reduced for good behavior, community service or similar reasons B) A defendant waives the right to a jury trial and the judge determines guilt or innocence C) A defendant waives certain constitutional rights in exchange for a lighter sentence D) A defendant pleads guilty to the charged crime or to a lesser offense in exchange for receiving a lighter sentence than if the defendant were to be tried and found guilty of the original charges
The famous case of Marbury v. Madison (1803) gave federal courts the power to review acts of the other two branches of the federal government to determine the existence of constitutional violations
a. True b. False Indicate whether the statement is true or false
Clarks Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for June. Units in process, June 1: materials 85% complete, conversion 20% complete700Units started into production during June9,400Units completed and transferred to the next department8,300Units in process, June 30: materials 90% complete, conversion 60% complete1,800 Required:Determine the equivalent units of production for the Assembly Department for June using the FIFO method.
What will be an ideal response?