Types of knowledge include
A) tacit.
B) explicit.
C) procedural.
D) all of the above.
D
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The least costly transaction method for the FDIC to close an insolvent bank is
A. payoff. B. purchase and assumption. C. assistance. D. foreclosure.
Households making $100,000 or more represent only 20 percent of U.S. households but control more than half of all income earned in the United States
Indicate whether the statement is true or false
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units240 280 300 240 Each month's ending Finished Goods Inventory in units should be 40% of the next month's sales. March 31 Finished Goods inventory is 96 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 200 pounds of direct material B. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. The budgeted purchases of pounds of direct material B during May should be:
A. 1,422 lbs. B. 1,854 lbs. C. 288 lbs. D. 1,008 lbs. E. 276 lbs.
Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price per kit is $12 with an estimated carrying cost rate of 15%. The cost to place an order from the kit supplier is $10. What is the optimal EOQ order quantity?
a. 212.5 b. 76.4 c. 525 d. 38.2