What is the best conclusion from the list below?
The analytics gurus at Zevon realize that they had misformulated their demand curves. They now believe that demand for X1 is given by 1000 - 2.25p1, demand for X2 is given by 2000 - 3p2, and demand for X3 is given by 3000 - 3.5p3. This model is entered in Excel and the sensitivity report contains the following:
Constraints
Final Lagrange
Cell Name Value Multiplier
$F$8 Lawyers 5000.00 101.052
$F$9 Guns 9275.74 0
$F$10 Money 9213.49 0
A) The profit for this scenario cannot be maximized.
B) Not all of the lawyers they have available will be used.
C) If Zevon can retain the services of another lawyer for less than $101, they should do so.
D) Lawyer jokes aside, Zevon cannot benefit from hiring additional lawyers at any cost.
Answer: C
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On January 1, 2016, Tessa loaned $12,000 to another company on a three-year, 4% note. No interest was accrued in 2016. Cash will not be received for the interest until the end of the three-year period. The error was discovered before adjusting and closing entries were posted on December 31, 2017. Ignoring income taxes, what should be the correct journal entry on December 31
A) Interest Receivable 480Retained Earnings 480 B) Interest Receivable 960Interest Revenue 960 C) Interest Receivable 480Interest Revenue 480 D) Interest Receivable 960Interest Revenue 480Retained Earnings 480
Syndicated sources can be classified based on the unit of measurement (households/consumers or institutions)
Indicate whether the statement is true or false
A salt mine you inherited will pay you $25,000 per year for 25 years, with the first payment being made today. If you think a fair return on the mine is 7.5%, how much should you ask for it if you decide to sell it?
A. $284,595 B. $299,574 C. $314,553 D. $330,281 E. $346,795
Which type of planning is in accord with the principles of participative management?
a. top-down b. bottom-up c. short range d. long range