The first unit of a product took 832 hours to build, and the learning curve is 75%. How long will it take to make the 30th unit? (Use at least three decimals in the exponent if you use the formula approach.)
A) less than 200 hours
B) from 200 to 225 hours
C) from 225 to 250 hours
D) from 2501 to 275 hours
E) 275 or more hours
B
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Which of the following is true of employment contracts?
A. They involve personal rights. B. They involve the transfer of duties. C. They are contrary to public policies. D. They are generally assignable.
On September 12, Vander Company sold merchandise in the amount of $8600 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5400. Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is:
A.
| Purchases | 5400? | |
| Accounts receivable | 5400? |
B.
| Accounts payable | 5400? | |
| Merchandise inventory | 5400? |
C.
| Merchandise inventory | 8600? | |
| Accounts payable | 8600? |
D.
| Purchases | 8600? | |
| Accounts receivable | 8600? |
E.
| Purchases | 8600? | |
| Accounts payable | 8600? |
The party borrowing money is usually called a ________
A) creditor B) mortgagee C) debtor D) beneficiary
Suppose you believe that Basso Inc.'s stock price is going to increase from its current level of $22.50 sometime during the next 5 months. For $3.10 you can buy a 5-month call option giving you the right to buy 1 share at a price of $25 per share. If you buy this option for $3.10 and Basso's stock price actually rises to $45, what would your pre-tax net profit be?
A. ?$3.10 B. $16.90 C. $17.75 D. $22.50 E. $25.60