How does pull-through production help minimize inventories in a just-in-time operating environment?
a. Products are made in anticipation of customer demand.
b. Products are made only when customer orders are received.
c. Products are made in large production runs.
d. Products are made identically.
B
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A retailer with sales of $1 million wants to increase its efficiency rating from 20 percent to 30 percent. To what must it reduce selling expenses?
a. $200,000 b. $300,000 c. $400,000 d. $700,000
Mitchell Florists & Co. reported assets of $1,000 and equity of $450. What is its debt ratio? (Round your percentage answer to two decimal places.)
A) 55.00% B) 45.00% C) 100.00% D) 60.00%
Electrical costs at one of Rome Corporation's factories are listed below: Machine-Hours Electrical CostMarch458 $1,007April423 $934May440 $979June409 $902July426 $952August372 $822September414 $926October431 $949November468 $1,025 Management believes that electrical cost is a mixed cost that depends on machine-hours.Using the high-low method, the estimate of the variable component of electrical cost per machine-hour is closest to:
A. $2.21 B. $2.11 C. $1.80 D. $0.47
How much would you be willing to pay (rounded to the nearest dollar) for a 20-year annuity due if
the payments are $4,500 per year and you want to earn a rate of return equal to 5.5% per year? A) $84,500 B) $56,734 C) $63,445 D) $53,777