The campus bookstore sells 4,000 sets of graduation regalia each year
Placing an order from their supplier costs $25 regardless of order quantity, so they usually place a large order (a half year's supply) at a time. It costs $5 per year to hold a cap and gown in inventory, primarily insurance costs for the highly flammable material. What is the difference in the total cost if they order at their optimal order quantity compared to their current policy?
A) $4,550
B) $5,050
C) $3,550
D) $4,050
Answer: D
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If a company overstates its ending inventory balance for 2017 by $10,000, and understates its ending inventory balance for 2016 by $5,000 what are the effects on its net income for 2017 and 2016? Effect on 2017 Net Income Effect on 2016 Net Income
a. Understated by $5,000 Overstated by $10,000 b. Overstated by $15,000 Understated by $10,000 c. Overstated by $15,000 Understated by $5,000 d. Overstated by $10,000 Understated by$5,000
Ev-R-Green Co, a private corporation, decides to sell substantially all of the company's assets. Under the Model Act and many state statutes
a. the sole remedy for dissenting shareholders is to sell their stock on the stock exchange. b. the board must first get unanimous shareholder approval for this fundamental change. c. Ev-R-Green must buy back, at fair value, the stock of any shareholders who object to the decision. d. the company may buy back, at fair value, the stock of any shareholders who object to the decision or the shareholders who object may receive the right of first refusal to purchase corporate assets.
In a contract to sell necessaries to a minor, these goods and services are limited to medical care, food, and shelter
Indicate whether the statement is true or false
Congress grants the president emergency powers for responding to international emergencies, which are defined as: A) natural disasters within the U.S
B) wars between the U.S. and other countries. C) events that threaten American national security. D) none of the above.