The number of authorized shares of stock may be less than the number of outstanding shares

Indicate whether the statement is true or false


F

Business

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Milk is stocked at the grocery store each week. At the end of the week unsold milk is reduced in price by 70% and always sells for this lower price instantly

If weekly demand for milk is normally distributed with a mean of 200 gallons and standard deviation of 25 gallons, find the price for which a fresh gallon of milk sells. Assume a service level of 95% and that the store purchases milk for $2 per gallon.

Business

You have the opportunity to purchase an insurance policy for your newborn son. You must make the payments shown in the table. After his fifth birthday no more payments are required

If your son reaches the age of 60, then the insurance company will pay him $90,000. Alternatively, you could invest the money in a savings account. Your banker promises to pay you interest at the rate of 8% for the first 5 years (from now until your son's fifth birthday), but only promises 4% every year after that. Should you buy the policy or invest in the savings account? First birthday $600 Second birthday $650 Third birthday $700 Fourth birthday $750 Fifth birthday $800 A) Yes, buy the policy. B) No, do not buy the policy. C) The policy and the savings account have the same future value.

Business

If the coefficient of correlation is .4, the percentage of variation in the dependent variable explained by the estimated regression equation _____

a. is 40% b. is 16% c. is 4% d. can be any positive value

Business

Which of the following is not a process analysis and redesign technique?

A) Reengineering B) Flowcharting C) Simulation D) From-to charts E) Parallel processing

Business