Wenthorp Enterprises decreased the selling price for its product from $10.00 to $9.00 a unit when total fixed costs decreased from $200,000 to $150,000 and variable cost per unit of $ 5 remained unchanged. How would these changes affect the break-even point?
a. The break-even point in units would be decreased.
b. The break-even point in units would remain unchanged
c. The effect cannot be determined from the information given.
d. The break-even point in units would be increased.
a
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One reason a dollar today is worth more than a dollar 1 year from today is the time value of money
a. True b. False Indicate whether the statement is true or false
A bank has reserves of $34.3 million, securities of $65.2 million, and loans of $287.5 million. It has transaction accounts totaling $357.7 million and capital of $29.3 million. The reserve requirement is 0 percent on the first $7 million of transaction accounts, 3 percent on transaction accounts from $7 million to $47 million, and 10 percent on transaction accounts above $47 million.
a.Draw up the bank's balance sheet and calculate the bank's excess reserves. b.Suppose the bank makes a loan equal to the amount of its excess reserves that you calculated in part a. Draw up the bank's balance sheet before the customer spends the proceeds of the loan. What are the bank's excess reserves? c.Now suppose the customer spends the proceeds of the loan. Draw up the bank's balance sheet and calculate its excess reserves. What will be an ideal response?
Lean layouts tend to?
a. Locate inventory more closely to the production floor than traditional layouts b. Locate inventory further from the production floor than traditional layouts c. Locate inventory in the same manner as a traditional layout d. Inventory location is irrelevant in lean layouts
Nell gives Al $50 in return for Al's promise to defame Sara. Nell hopes to ruin Sara's chances at a promotion. Nell finds out that Al did not hold up his end of the agreement. Which of the following statements is true?
A) Nell can get the money back from Al through litigation. B) Nell can get the money back and force Al to do as he promised. C) Legally, Nell can neither get the money back nor force Al to do as he promised. D) Nell can force Al to act through an appeal to the courts, but Al gets to keep the $50.