In an LP problem, changes in resource availability will result in a change of ______.
A. the objective function
B. the decision variables
C. the feasible solution region
D. the optimal solution
C. the feasible solution region
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Which of the following is NOT a duty of a collecting bank in the collection process?
a. Duty of care. b. Duty to act in a timely manner. c. Duty to honor a valid stop payment order. d. Duty to honor a restrictive endorsement.
Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:•Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January. •Collections are expected to be 90% in the month of sale and 10% in the month following the sale. •The cost of goods sold is 75% of sales. •The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase. •Other monthly expenses to be paid in cash are $24,700. •Monthly depreciation is $16,000. •Ignore taxes. Balance SheetOctober 31AssetsCash$19,000Accounts
receivable 77,000Inventory 157,500Property, plant and equipment, net of $502,000 accumulated depreciation 1,002,000Total assets$ 1,255,500Liabilities and Stockholders' EquityAccounts payable$272,000Common stock 780,000Retained earnings 203,500Total liabilities and stockholders' equity$ 1,255,500Retained earnings at the end of December would be: A. $236,400 B. $289,600 C. $296,000 D. $203,500
A disadvantage of the high-low method is that the high point and low point may not be representative of the total data set available.
Answer the following statement true (T) or false (F)
Why are most futures contracts not settled through delivery of the product?
A. Most contracts expire with neither party having an obligation to the other party. B. It is easier and cheaper to settle in cash or by an offsetting futures transaction. C. Most participants cancel their futures contracts through purchase of an option contract. D. Most contracts are settled through the margin account.