When Johnson & Johnson Vision Care, Inc, located in Jacksonville, Florida, sells its ACUVUE contact lenses to people in London, England, the company
A) is importing the lenses.
B) is exporting the lenses.
C) has an absolute advantage.
D) is increasing the balance-of-trade deficit.
E) is making a big mistake.
B
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On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory, January 1: $5800Net sales: $58,000Net purchases: $59,000 The company's gross margin ratio is 15%. Using the gross profit method, the cost of goods sold would be:
A. $6800. B. $36,700. C. $49,300. D. $5800. E. $30,900.
"Comparing the total cost of ocean freight versus air freight, air freight may be cheaper." Which of the following components are not considered when making the previous statement?
A. Inventory cost B. Product age C. Insurance rates D. Packing E. Replacement cost of damaged goods
What guidelines has the Supreme Court set forth when awarding punitive damages in most cases?
a. Punitive awards should not exceed compensatory damages by more than a factor of nine. b. The Supreme Court has not set any limits for punitive awards. c. Punitive awards should not exceed compensatory damages by more than a factor of one hundred. d. The Supreme Court has stated that punitive damages are allowed only when there are no compensatory damages awarded.
A project being analyzed by PERT has 38 activities, 16 of which are on the critical path
If the estimated time along the critical path is 90 days with a project variance of 25, what is the probability that the project will be completed in 88 days or less? A) 0.0228 B) 0.3446 C) 0.6554 D) 0.9772 E) 18