Duerr Company makes a $60,000, 60-day, 12% cash loan to Ryan Co. The note and interest to be collected at maturity is: (Use 360 days a year.)
A. $61,200.
B. $67,200.
C. $58,800.
D. $60,000.
E. $1,200.
Answer: A
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Shaw Corporation has developed the following flexible budget formula for annual indirect labor cost: Total costs = $9,600 + $0.50 per machine hour Operating budgets for the current month are based upon 30,00 . hours of planned machine time. Indirect labor costs included in this planning budget are:
a. $15,800. b. $15,000. c. $24,600. d. $2,460.
In creating a culture for corporate entrepreneurship leadership is important.
Answer the following statement true (T) or false (F)
Today's managers are just as likely to be women as they are men.
Answer the following statement true (T) or false (F)
Of the following, which is NOT an accurate statement about the EOQ model?
A) The actual cost of the inventory item is ignored. B) Costs are divided into two categories: the cost of ordering and the cost of storage. C) EOQ is an attempt to determine the appropriate level of inventory. D) The EOQ assumes the sales rate fluctuates with seasonal changes.