A Decision Table is used in Excel to try at most 2 values automatically for a parameter in the model
Indicate whether the statement is true or false
FALSE
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The face amount of a note that is promised to be paid at maturity is called the
a. rate of interest. b. principal of the note. c. time of the note. d. discount of the note.
To increase the likelihood of obtaining sensitive information, such topics should be placed in the middle of the questionnaire
Indicate whether the statement is true or false
Christine recently read Blink: The Power of Thinking without Thinking by Malcolm Gladwell and she is trying to explain the concept of “thin-slicing” to her colleagues. Which of the following statements could she use to best describe the concept of “thin- slicing”?
A. The unconscious mind makes decisions based on no prior experience. B. The unconscious mind finds patterns in situations and behaviors based upon very narrow experiences. C. The unconscious mind finds patterns in situations and behaviors based upon a large range of experiences. D. The conscious mind finds patterns in situations and behaviors based on prior research and best practices.
[The following information applies to the questions displayed below.]Wall Nuts, Inc. produces paneling that requires two processes, A and B, to complete. Oak is the best-selling of all the many types of paneling produced. Information related to the 40,000 units of oak paneling produced annually is shown in the following table:Direct materials$380,000 Direct labor Department A (6,000 DLH × $25 per DLH)$150,000 Department B (35,125 DLH × $16 per DLH)$562,000 Machine Hours Department A 24,000MHDepartment B 32,000MH Wall Nuts' total expected overhead costs and related overhead data are shown below. Department ADepartment BDirect labor hours 67,000DLH 170,000DLHMachine hours 100,000MH 80,000MHManufacturing overhead costs$450,000 $600,000 Use the data for Wall Nuts,
Inc. to compute departmental overhead rates based on machine hours in Department A and machine hours in Department B. A. $7.50 per MH in Dept. A; $7.50 per MH in Dept. B. B. $4.50 per MH in Dept. A; $4.50 per MH in Dept. B. C. $2.70 per MH in Dept. A; $6.00 per MH in Dept. B. D. $4.50 per MH in Dept. A; $7.50 per MH in Dept. B. E. $0.60 per MH in Dept. A; $0.80 per MH in Dept. B.