Describe the feed mix linear programming application
What will be an ideal response?
a decision aid to specify a feed ingredient combination to minimize the total feed cost, yet still provide an adequate diet
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Which of the following is true of budgets?
A) Every budget must contain both revenues and expenses. B) Budgets reduce the comparability concept of accounting. C) The data in budgets are presented in dollars only; nonfinancial data should be excluded. D) Budgets are synonymous with managing an organization.
Larry has the largest pizza business in the city. He learns that Henry is thinking of opening a competing pizza and pasta delivery business. Larry gives Henry $25,000 to not open his proposed business in the same city. Which statement is correct?
a. The contract is voidable at Larry's option. b. The contract is void for lack of consideration. c. The contract is illegal and void. d. The contract is enforceable.
Spectronix Inc operates in a world of perfect capital markets, has no debt, and has a required rate of return on equity of 10%
An executive manager has suggested that borrowing money to buy back outstanding stock is a good idea because it would replace equity financing with less expensive debt financing, thus increasing the value of the firm. Assume the firm issues new debt with a required return of of 5% to repurchase 30% of the outstanding stock. What is the cost of equity at the conclusion of this transaction? A) 21.67% B) 12.14% C) 16.43% D) 45.00%
A defendant engaging in an ultrahazardous activity is almost always liable for any harm that results
Indicate whether the statement is true or false