Which of the following is an RFM-based goal programming model?
a. An RFM model that combines any two dimensions, includingrecency-frequency value, recency-monetary value, or frequency-monetary value
b. An RFM model that combines all three dimensions in one linear programming model
c. An RFM model that incorporates all three dimensions but assigns different weights to each
d. All of the above
C
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Words or phrases that are so common they have lost their power to communicate are called what?
A) Abstract words B) Concrete words C) Clichés D) Buzzwords E) Jargon
Which of the following is not true about computerized accounting systems?
A) Include authorization controls before a transaction can be completed B) Computer accounting systems require less internal controls. C) The computer screen is often designed to make a specific transaction easy to input. D) The database is updated once the transaction is submitted, making it easy to run updated reports.
Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price is governed by a quantity discount structure. If the restaurant orders 100 or more units, the price per kit is $11. Below 100 units, the price is $12 per kit. What is the optimal order quantity?
a. 76.4 b. 100 c. 68.7 d. Cannot be determined from the information given
Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectively. Cash sales are normally 25% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of accounts receivable to be reported on the company's budgeted balance sheet for August.
A. $50,000. B. $150,000. C. $200,000. D. $52,500. E. $157,500.