Answer the following statements true (T) or false (F)
An executory contract is a contract unperformed by both parties.
ANSWER: T
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In calculating the time–cost trade-off combinations for a project’s crash options, the slope for each activity is given by ______.
A. the ratio of the (crash cost less normal cost) to (normal time less crash time) B. the ratio of the (normal time less crash time) to (crash cost less normal cost) C. the product of the (crash cost less normal cost) and (normal time less crash time) D. the sum of (crash cost less normal cost) and (normal time less crash time)
Which of these is not a benefit to using prototype stores?
a. The stores use custom buildings for each city and town. b. The stores enable a retailer to take advantage of quantity discounts in purchases. c. The stores ease the employee interchange among branches. d. These stores help portray a uniform image among franchise and chain store units.
A professor at a local community college noted that the grades of his students were normally distributed with a mean of 74 and a standard deviation of 10. The professor has informed us that 7.5 percent of his students received A's while only 2.25 percent of his students failed the course and received F's. a. What is the minimum score needed to make an A? b. What is the maximum score among those who received an F? c. If there were 5 students who did not pass the course, how many students took the course?
What will be an ideal response?
Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model. The following activity and costs have been gathered:ProductNumber ofComponentsNumber ofSetupsNumber ofDirect Labor HrsBase 15 20 700 Loaded 25 40 600 Overhead costs$27,000 $22,500 The number of components and number of setups are chosen as activity-cost drivers for overhead. Assuming an ABC costing system is being used, what is the total overhead cost assigned to the Base model?
A. $15,450. B. $17,625. C. $21,375. D. $13,500. E. $15,625.